12 April 2010

EUROZONE: Greece Is Saved...For Now.

BASELINE SCENERIO/  Economist Simon Johnson OPINION / "The Greek government, helped by the market threat of a near term collapse, appear to have strong armed the other eurozone countries into a generous package without making efforts to change seriously their (Greek) fiscal policy. This is good for near term calm, but it does not solve any of the inherent problems now manifest in the eurozone."