2012-06-18blogspot.com

The skinny on what is going on in Greece -- the following bit and much more: ``Will this solve the eurozone's and Greece's problems? / No. Even with adjustments to the bailout programme, it still looks virtually impossible for the country to meet the various austerity targets. Missed targets will continue to be a source of disagreements and controversy, particularly inside Germany, while the continued EU/ECB/IMF Troika presence on the ground in Greece means that any delays will come to light quickly. Therefore, Greece's future in the eurozone remains uncertain. For the single currency as a whole, should a compromise be possible in Greece, the focus of attention will shift back to Spain -- whose banks remain a major liability for the euro.  ''



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