Greek debt crisis “an absolute nightmare,” says Martin Wolf

By Prieur du Plessis, on May 12th, 2011 posted in: DEbt, Greece

The debt situation in Greece is an “absolute nightmare” for European officials, Martin Wolf, FT’s chief economics correspondent, told Yahoo! Finance – The Daily Ticker.

“It’s just not going to get better. Essentially they have to bit the bullet. The difficultly is managing that while maintaining some financial system in Greece and avoiding massive contagion within the Eurozone,” he said.

Source: Yahoo! Finance – The Daily Ticker, May 11, 2011 (hat tip: The Big Picture).

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Read more on Investing in Greece, European Union, Yahoo! at Wikinvest

Bluerose

June 28, 2011 at 4:41 am

Most of protests are Staged and very well Orchestrated, they pretend fighting but do not hurt each other. This is worth it to get hundreds of billions from EU. Greeks are very smart; the deception started with the Trojan Horse and is going on with very well orchestrated “PROTESTS”. If you want Greece to be paid off, for the Enormous Army, Universal Free Health Care, Lucrative Pensions, and Taxes that they never Pay, then you pay them by yourself, PAY THEM OFF, BY YOUR OWN POCKET.
DON’T LET GREECE TO DRAG YOU DOWN. CUT OFF THE ROPE, AND LET THEM GO FIRST…