Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Wary on Greece, EU mulls deepening bailout fund

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AFP
Sept 26, 2011

Greece and the euro are facing a tough week as European Union and IMF experts resume an audit of progress on cutting the public deficit and reforming the economy, with default threatening.

The EU and IMF will decide on the basis of the audit whether to release the next slice of rescue funds of 8.0 billion euros ($11.0 billion) from a first bailout in May last year.

Without this money, Greece will be unable to pay its current bills from about the middle of October.

Rumours that plans are being made for an inevitable Greek debt default caused further volatility on stocks and currency markets on Monday, in a climate overshadowed by signs of global economic slowdown.

Market analysts were disappointed that yet another weekend of high level international crisis talks had ended with words but no action.

Full article here

 

This article was posted: Monday, September 26, 2011 at 7:49 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Keith Olbermann Trash Talks Drudge, Infowars In Bizarre Twitter Rant See the rest on the Alex Jones YouTube channel.

See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.