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A Turn for the Worse in Greece

IMG Auteur
Tim Iacono
The Mess that Greenspan Made
Published : February 10th, 2012
101 words - Reading time : less than a minute
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Category : Opinions and Analysis

 

 

 

 

Well, it looks like yesterday’s version of the “deal” on Greek debt has turned out like all the others over the the years as lawmakers squabble about passing the latest round of austerity measures and European officials say even that won’t be enough. The image below from the Telegraph’s live coverage of the debt crisis sums up the situation nicely.




Financial markets are now a “sea of red” in advance of the 9:30 AM EST open in New York as violence is again erupting in Athens, striking workers unhappy with what the unions have dubbed a “tombstone” policy for Greeks society.

 

 

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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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S W.   2/11/2012 at 5:33 AM GMT
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I have it on good authority that Greece will cancel it's debt by supplying Feta Cheese and Dolmades,on demand, to every man woman and child in the Eurozone from 1st April 2012 till 1st April 666,000,012.
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I have it on good authority that Greece will cancel it's debt by supplying Feta Cheese and Dolmades,on demand, to every man woman and child in the Eurozone from 1st April 2012 till 1st April 666,000,012. Read more
S W. - 2/11/2012 at 5:33 AM GMT
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