Thursday, February 16, 2012

Greece Bailout Decision Delayed - Again!

Unsurprisingly, amid the increasingly tetchy "diplomatic" brickbats being lobbed between Greece and the Eurozone, yesterday's three-hour teleconference between Eurozone finance ministers did not resolve the issues regarding the second bailout.

The decision on whether to grant a second bailout (pre or post election, or even at all) has been postponed to at least Monday next week, pending further clarification from Greece as to how they will implement the austerity package and the timetable for doing so.

Don't hold your breath!