Greece

My Big Fat Greek Bailout

Greek Prime Minister George Papandreou is to meet with the President of the European Council and French President Nicolas Sarkozy to continue talks about further installments on the Greek bailouts. Greece is having trouble meeting the demands of the austerity imposed after the first bailout. Eurozone leaders have agreed that Greece does in fact need another round of money to keep the country from going into default. Many leaders fear that the diseased economy of Greece may, in fact, spread to the rest of Europe.

I think the European leaders will once again extended money to Greece for the simple fact that they would like to see ultimately Greek economy improve, but also to ensure prosperity in the rest of Europe. They fear that there is a good probability that similar situations will continue to spread. The leaders are trying to insure financial stability for the rest of Europe.

Liberal

http://ekathimerini.com/4dcgi/_w_articles_wsite1_668_29/09/2011_408685

http://www.bbc.co.uk/news/world-europe-15120696

September 30, 2011 at 02:55 am