Originally Posted by Pete E

Pete. I'm going to disagree. They needed to prop of greece long enough to get the Greek debt of the balance sheets of the potential domino counties. Now that that's done, it's time for Greece to agree to pay the piper, or get cut off.

Personally if I was at the World Bank (they are a better organization then the IMF) I wouldn't give them a dime until they actually passed, and had in place pension plan reforms.


They have been bailed and implemented reforms twice since 2010, they are done. I think your right about giving less secure financial institutions time to get greek bonds off of the balance sheet. I think the IMF owns most of the bonds, which are now worthless which they probably had planned for.

"Life is tough, even tougher if your stupid"
John Wayne