Friday, January 13, 2012

Meanwhile ..

... things are dragging on in Greece towards the inevitable but much-postponed catastrophe. According to the BBC
Talks between Greece and its private sector lenders over a possible 50% write-off of its debts have stalled. Reaching a deal is a pre-condition for Athens receiving the next chunk of bailout cash from the International Monetary Fund and European Union. Without that money, the Greek government could run out of cash and be forced to leave the euro.
Which is what they should do, of course.

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