Reuters reports that Greece has been given three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid.
Europe and the IMF are unhappy with the progress that Greece has made towards reforming its public sector and improving its tax collection.
In the event that Greece misses the deadline or its promises fail to assuage its "bankers", then as sure as eggs are eggs the "solution" that was foisted upon Cyprus (ie a raid on bank accounts) will be foisted upon Greece.
Those with money in Greek bank accounts would be advised to withdraw it now, before the jackals pounce.
Blog Archive
-
▼
2013
(33)
-
▼
July
(13)
- Barclays £12.8BN Hole
- Ever Rising Energy Bills
- UK Economy Grows By 0.6%
- Local Lending Data For 10,000 Postcodes
- RBS Fined £5.6M
- China's 7% Bottom Line
- Chinese Growth Falls To 7.5%
- One In 20 Households Rely On Payday Loans
- The Verdict on Greece
- Careless Talk Costs Dollars
- Greece's Day of The Jackal Looms
- David Drumm Apologises
- Happy Canada Day
-
▼
July
(13)
Popular Posts
-
Following last week's website crash on its relaunch, the TSB has yet again managed to drop the ball; this time by mis-spelling Ashtead ...
-
I see that Barclays is fond of playing Monopoly, and has managed to create a bank error (for once in its customers' favour) that will en...
-
As I have noted before, the British economy is driven by the property market and people's confidence (usually misplaced, given that prop...
-
As sure as eggs are eggs, the Office for National Statistics (ONS) has revised its figures yet again. This time the revision brings some go...
-
In May Greek youth unemployment was almsot 65%, in June it showed a slight "improevment" falling to 58.8%. However, when compared...
-
UK construction activity rose in July to its highest level since June 2010. Reuters reports that the Markit/CIPS construction PMI rose to 5...
-
European Central Bank Governing Council member, Luc Coene, is quoted by Reuters : " It's clear that we are not yet at the end of th...
-
Martin Wheatley, the CEO of the Financial Conduct Authority (FCA), is currently appearing before the Treasury Select Committee. He is less t...
-
Ed Davey, the Energy Secretary, has pleaded with energy companies to explain their profits ie to be more "transparent". Ofgem h...
-
As expected China's economic growth slowed to 7.5% in the second quarter of the year. The Chinese statistics bureau said the slowdown...