A week ago leading members of the Eurozone thrashed out the latest debt deal for Greece. It seemed that yet another life-line was on its way to Greece and this one was less harsh than earlier debt packages. Members had worked hard to come up with the deal but, once it was agreed, they patted themselves on the back and decided all was right with the Eurozone and Greece.
Wrong.
On Monday the Greek Prime Minister, George Papandreous threw the proverbial spanner in the works. He calmly announced that he was going to let the Greek people decide whether to accept the bail out or not. A sharp intake of breath resounded around Europe and today, November 1, 2011, the fall out has begun.
Wrong.
On Monday the Greek Prime Minister, George Papandreous threw the proverbial spanner in the works. He calmly announced that he was going to let the Greek people decide whether to accept the bail out or not. A sharp intake of breath resounded around Europe and today, November 1, 2011, the fall out has begun.
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