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Well I must admit it is looking pretty hopeless for Greece. You see the rioting on the streets almost nightly, because the population feel they cannot take any more austerity. Without taking the population with you on any fiscal measures..well you can get nowhere. The Germans have lost patience with the Greek nation as a whole and there was no rush to take the extra scheduled meeting last night to secure the future loan. The EU big financial players are getting tired of it....and probably longing at this juncture for Greece to default.
Otherwise..The EU crises seems to have stabilised for the moment although some economies are contracting...we saw this situation with the financial engine room ( Germany) in todays figures. France up in growth, but the Germans are down, although the movements are small.
A word about the rioters in Greece.
I dont know if this anarchy is widespread amongst the population..it appears not, but throwing petrol bombs at Police is pretty grim. But these are the same types that riot everywhere. Any country. Anywhere. They will riot about anything and everything...whether they know anything at all about the financial crises is anybody's guess...but I suspect they are just the usual mob...out for the hell of it.
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