Greeks know what is going even if my Globe obfuscates their protests:
"Bailout bought eurozone more time; Greece’s partners have weeks to achieve more" by Stephen Castle | International Herald Tribune, February 22, 2012
BRUSSELS - A second huge bailout in two years may have staved off bankruptcy for Greece, but for Europe’s finance ministers it did something even more important: bought the eurozone valuable time.
During all-night talks that ran until yesterday morning, ministers, officials, and bankers pulled off a $172 billion deal designed to avert the alarming prospect of a disorderly default in Greece.
By digging an even deeper debt hole.
And for Greece’s eurozone partners, the agreement provides crucial weeks to build a credible firewall to protect the bigger economies of the euro currency bloc, and to put in place new economic policies in Italy and Spain....
The next to come under the EU/IMF lash.
Greeks were torn between relief and foreboding on the news that their country has received a new massive bailout - while the aid will protect them from default and keep them in the euro bloc, it will also cost households years of economic hardship.
All so fraudulent banksters can get their debt interest payment check cut.
--more--"
Once again the protesters get a photograph!
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