A protester raises a Greek flag in front of the parliament building in Athens during an anti-austerity rally Photo: REUTERS
Debt Crisis: Greece To Run Out Of Money By August 20 -- The Telegraph
Greece may run out of money and go bankrupt by Aug 20, a British government analysis of the ongoing eurozone crisis has warned.
The beleaguered country will have to refinance billions of euros worth of government bonds in less than a month and requires international assistance — which may not be forthcoming — to repay the money.
International inspectors arrived back in Greece on Tuesday to assess the country’s austerity programme with European officials warning that it was “hugely off track”.
David Cameron is now receiving daily written updates on the deteriorating situation and was warned earlier this week that a Greek bankruptcy in the next month is now a serious possibility.
Read more ....
My Comment: This is unbelievable .... but considering how inept and incompetent Greece has been .... not surprising. Will the members of the Euro zone bail them out again .... I now have my doubts.
No comments:
Post a Comment