Wednesday, July 18, 2012

Greeks, Once Again, Don't Meet Targets

It was only in March that they made these commitments. Now they are saying the need more time - and money. Greece in hard spot as debt payment looms and European doubts grow - The Washington Post

They are supposed to pay €3.8 billion on various loans in August. They received about €160 billion in March, when they promised all kinds of things.

Germany is finally getting tired of writing blank checks. But the powers that be, don't want to call it quits and exit as gracefully as possible.

1 comment:

Zendo Deb said...

And once again.... government spending does not equal "pro-growth" policy.

Growth is dependent on things like small business being built. (And they don't get built by government, no matter what our Dear Leader may think.)