Eurogroup Agreement on Greece 21/02/12

The photograph at the beginning of the report, linked here, on the supposed "final deal" for Greece, reached during last night, most probably says enough at this very early stage. Three individuals none of whom have the experience, track record nor the competence for the task!

I may comment more fully in due time, but in fairness to those involved, proper consideration should be given as and when the detail becomes clear.

This blog's future attention will, as recommended to others yesterday, mainly focus upon the real problem areas for Europe - Spain and Italy, but mainly the failing EU itself!