Saturday 21 February 2015

GREECE : TEMPORARY MEASURES DELAY "GREXIT" !


At the meeting of EU Finance Ministers in Brussels yesterday, a rapid agreement was reached to extend the Greek bailout by 4 months.

However, this coming Monday evening Greece must explain the measures which it proposes to take to restore the Greek economy !   This will lead to lengthier discussions concerning the repayment of EUROZONE loans of 245 Billion Euros.

Nothing has been decided about a possible "Grexit", but recently Greek citizens, and perhaps others as well, have been withdrawing vast amounts of money from their bank accounts. 

Where and how will this money be invested ? No one knows... ! 
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