Friday, May 7, 2010

Europe up for “more tough choices” unless markets reopen Greece

Greece’s costs exceed the amount of aid it will be given from the EU/IMF according to the WSJ - This
discrepancy will set Europe up for “more tough choices” unless markets reopen. The bailout is based on the
assumption that Greece will be able to borrow from private capital markets by the end of ’11 – that may
prove too optimistic a timeline. WSJ
 

No comments:

Post a Comment