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Can Kicked... Again: Bridge Financing Approved For Greece

scott
in Off-Topic
http://seekingalpha.com/news/2636395-eu-approves-bridge-financing-for-greece

"... the Greek can is officially kicked down the road another few paces as the EU approves a €7.16B bridge loan to get the country between now and the coming third bailout.Greece has a €4.2B payment due to the ECB on Monday, and is in arrears to the IMF. The bridge loan will allow payments to both creditors. The bridge loan money is coming from the European Financial Stabilization Mechanism (EFSM). What a happy circle."

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Comments

  • PuddnheadPuddnhead
    Hi Scott!
    I saw that this morning. It's good for 90 days, so let's see how they can screw this up and drag it on. The IMF says, "haircut." Grease (the way it should be spelled!) says, "Haircut? I'm thinking protests!" Talk sh**......after all it's the weekend. That's when everything happens in Europe, meetings and all. Makes you like China, the Buy and Hold Government. It's easier that way.
    God bless.
    the Pudd
  • [Deleted User]
    The user and all related content has been deleted.
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