Finally we have some concrete agreements between Greece and the ECB….
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Taking a look around at a couple of sources.
Looks like their projections are based on cutting over 3 billion in spending to an economy shrinking by 7% and that the economy will be growing within two years. All in the hopes of a debt to gdp of 120% within 10 years…
High risk/no reward.
They are going to have to leave the Euro.
Culturally, they are just not a fit with the Germans. They should be buying their Blaupunkts (sp?) with drachmas.
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