Wednesday 29 June 2011

GREEK TRAGEDY? OR PYRRIC VICTORY

Well the greek MPs have taken a deep breath and voted through the austerity package.

This means that they will get a temporary reprieve when they get €12bn to pay the bills before they were due to go bankrupt.

But, will the vote make any difference?

Tomorrow they are voting on how to implement these measure and the grounds for ambush come into view.

With riots sparking off throughout Athens, it is no wonder that the markets, after initially feeding into trades with optimism are now falling back into musing that the troubles may not have been avoided after.

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