Wednesday 15 February 2012

Greece to the lions

'Among [European] policymakers, there is a mounting sense of resignation that Greece is unable to meet its side of the bargain to facilitate the bailout, as well as a growing confidence that the eurozone is now in a much stronger position to weather a Greek default than when the crisis erupted two years ago.'

'But European exasperation has been fuelled by the consistent failure of Greek leaders to supply details on how a €325m funding gap is to be closed and by the same politicians, particularly the centre-right leader, Antonis Samaras, refusing to guarantee in writing that the deal cannot be revised following elections in April.'