Greek debt solution nearly there.
The EU circus rolls into Brussels today, with the ongoing Greek debt scenario still not totally resolved. Greece needs protection from it's crippling debts now and in the future, to give breathing space to turn it's terminal economy around but the EU needs some assurance that Greece will toe the line regarding the austerity measures Greece needs to implement to receive the rescue package.
There isn't a great deal of confidence that Greece will do this and the EU leadership wants some measure of control over the Greek economy that Greece does not want to give them.
The feeling is that the bailout package will take place shortly with a little give and take on both sides, though whether there is sufficient local appetite to persevere with the conditions imposed that come with it long term, will remain to be seen.
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Post Date: January 30th, 2012