DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Eurozone leaders agree on new Greece bailout package

**beckercpa** · 07-22-2011, 01:13 PM

I think this, sadly, won't change the eventual total default on the part of Greece. It will only delay it.

The most important thing, I think, and the point that the markets have responded to, is that the Eurozone countries say they will support any threatened countries for as long as it takes. Whether or not they will be able to, or if the populations of certain countries will let them, hasn't really been addressed.

Here are a couple interesting break-downs of the deal:

A Stab at Clarity on the Euro-Zone's Big Greek Bailout - Real Time Brussels - WSJ

Is the Big Greek Deal Really Big? - Real Time Brussels - WSJ

07-22-2011, 01:13 PM	#2
beckercpa Join Date Oct 2005 Posts 459 Senior Member	I think this, sadly, won't change the eventual total default on the part of Greece. It will only delay it. The most important thing, I think, and the point that the markets have responded to, is that the Eurozone countries say they will support any threatened countries for as long as it takes. Whether or not they will be able to, or if the populations of certain countries will let them, hasn't really been addressed. Here are a couple interesting break-downs of the deal: A Stab at Clarity on the Euro-Zone's Big Greek Bailout - Real Time Brussels - WSJ Is the Big Greek Deal Really Big? - Real Time Brussels - WSJ
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