Friday, July 01, 2011

Olli drops another clanger!

We have now contained the crisis to the three more vulnerable countries.” Olli Rehn, European Union Economic and Monetary Affairs Commissioner on Bloomberg TV today, read here.

If things are so rosy, why bring the scheduled Euro Group conference telephone call forward by 24 hours?

If the crisis is contained to only the three already bailed out countries, why the second bail out for Greece and the ongoing speculation as to what amount will actually be thus required?

Who will pay what, into the second EU bail out for Greece, from what fund and how much will be due from each country?

What is the status of the IMF contribution to this weekend's 12 billion additionally wasted euros?



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