It was two weeks ago that I likened the ongoing Greek debt saga to a slasher flick bad guy that keeps rising from apparent death. The Greek story is truly one that will not die.
It should be clear by now that none of the parties involved are playing it straight. Greece has made several misleading statements about the size of its debt and its plans to pay it off. Germany has reneged on its promise of support several times.
Even the aid talks with the IMF seem to be taking far too long. In fact, this Greek aid process is taking so long that investors are starting to speculate that Portugal will not be able to get aid quickly if it needs it.
At first, I called the endless wrangling over aid to Greece dysfunctional. Now, I’m starting to wonder if it’s deliberate. When you consider the discrepancy in economic strength between members of the EU, would it be any surprise that a country like Germany might be second-guessing its decision to join the EU?
Posts tagged with: Euro
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