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Round-up: Greece faces death by a thousand cuts unless it leaves the euro
Lucas Papademos was suitably apocalyptic. If the terms of the second Greek bailout were not approved, the Greek prime minister warned over the weekend, there would be a "disorderly bankruptcy that would create conditions of economic chaos and social explosion. Greece won't see a cent of the great bail-out MPs in Athens may have voted for austerity, but the reality is that default is looming. Greek economy spirals down as EU forces final catharsis A Greek default and traumatic ejection from the euro moved a step closer last night after eurozone finance ministers cancelled a crucial meeting, accusing Athens of failing to flesh out austerity cuts. Posted by: tipper 2012-02-14 |
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