Wednesday, December 09, 2009

EU Ready to Bailout Greece; Debt Downgrades in Baltic States; Can Euroland Even Survive?

Euro bulls need to consider the implications of an EU bailout of Greece or the implosion of Eastern European debt in Lithuania and Latvia. Some are even wondering about the prospects of Euroland itself.

With that backdrop please consider Almunia Says EU Officials Ready to Assist Greece in Budget Plan. http://www.bloomberg.com/apps/news?pid= ... vy_maMWy.k

The European Commission “stands ready to assist the Greek government in setting out the comprehensive consolidation and reform program, in the framework of the treaty provisions for euro-area member states,â€