- Infowars - http://www.infowars.com -

Greeks ring alarm bells just a year after bailout

Posted By MarleighJones On May 9, 2011 @ 9:13 am In Economic Crisis,Old Infowars Posts Style | Comments Disabled

Ian Traynor and Helena Smith
SMH
May 9, 2011

The euro zone’s first bailout of a debt-laden member country is failing and needs to be renegotiated just a year after the €110 billion ($147 billion) rescue package was agreed for Greece.

After secret talks in Luxembourg on Friday between Athens and key EU players, it emerged that Greece will not be able to meet the terms of last year’s rescue and is hoping to ask the euro zone for more.

Fresh food that lasts from eFoods Direct (Ad)

As Britain made clear it did not want to offer any more support for Greece as part of an EU package or a bilateral loan, investors remained unconvinced of the ability of Athens to sustain its €340 billion debt.

Read entire article


Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/greeks-ring-alarm-bells-just-a-year-after-bailout/

Copyright © 2013 Infowars. All rights reserved.