Posts Tagged ‘Greece’

Greece to stay

The EU community cannot currently afford to pay the rescue amounts needed for Italy, Spain and possibly France if the EU decided to allow Greece to fail.

Therefore the ‘cheaper’ course to follow is to continue to ‘muddle along’ with another bail out package.

The band-aid money will continue to flow into Greece to permit the time needed to re-finance and re-capitalize the other European nations and banks that are heavily exposed to Greek debt.

There will be an announcement, likely involving some land guarantees, or other revenue potential in the future for Germany and Finland from Greek assets, coming on Friday, most likely AFTER the close of trading in New York so that there will be time to ‘re-set’ portfolios of those in the know before the wider investment community learns via ‘official’ announcements.

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