2011-06-20blogspot.com

``If Greece defaults, the Irish and the Portuguese would suddenly find themselves without the money to fund elementary schools, ambulances, sewer systems, power grids, etc. So what is the European leadership doing? Dithering! They are not approving a Greek bailout--and they are not giving a clear signal that Greece will be booted out of the eurozone, but Ireland and Portugal will be protected. In other words, the European finance ministers who are supposed to "stabilize the markets" are creating the conditions of uncertainty in the markets...''


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