nick venedi

Friday 19 October 2012

Greece to get the 31.1 billion after all

Looks like all the talk about not continuing to support the Greek economy by the Germans was meant for domestic consumption. The German Chancellor announced that the second package of loans will be paid given that their man in Athens, PM Samaras, has managed to behave himself and has shown signs of improvement in the last 3 months.

The EU needs to come up with policies that encourage growth and abandon restrictive austerity measures otherwise the crisis will get worst!

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