Tuesday 16 February 2010

EU meeting on Greece rolls on into Tuesday

Seems they were not able to agree on a solution yesterday after all. Well, to be fair it is an intractible problem, and there are a lot of people who need to agree and who have different agendas.

Here is what I consider the most interesting and telling line in the BBC news article I just read on this subject:

But Mr Juncker said it would be "unwise" to publicly detail "the measures we are putting in place".

To my mind, this reads that they are indeed going to print money one way or another, which is exactly what would be unwise for people to understand - because this would be sufficient cause to sell euros further.

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