Friday, December 11, 2009

Greece in midst of financial collapse

Just in case you haven't notice, Greece is falling apart financially while the EU is standing back making statements.

EU's Barroso - Confident Greece Will Tackle Problems
European Commission President Jose Manuel Barroso said on Thursday he was confident Greece would overcome its debt problems.

"After talks with Greek Prime Minister George Papandreou, I am fully confident that Greece will be fully successful in that endeavour," Barroso told a news conference after the first day of a summit of EU leaders.

Greek debt and stock prices have taken a beating after a downgrade from rating agency Fitch this week because of the country's huge budget deficit and public debt.

Confident?

Global crisis continues...
Cheers!

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