Tuesday 14 February 2012

Greeks will have to wait for their pay day loan

The meeting of €urozone ministers which was due to rubber stamp Greece's pay day loan tomorrow has been downgraded to a conference call which won't be able to approve the bailout loan.

Apparently, Greece hasn't done enough to convince the EU that they will implement their damaging and deeply unpopular austerity demands so they'll have to wait even longer to get their hands on the cash.  Without the cash Greece would default and bring down the €uro so they will get the money anyway, this is just the EU reminding the Greeks who's boss.