Tuesday, November 16, 2010

Austria withholding Greek funding!

News for the Euro currency just goes from bad to terrible with this report from Forex Crunch, linked here, which begins as follows: Austria refuses to transfer its portion in the bailout package to Greece. Why? Greece didn’t meet the conditions it made to the EU about cutting its deficit. No austerity – no payment. As simple as that. Add a refusal from Finland to aid Ireland, and you have a very vulnerable Euro.



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