Thursday 10 May 2012

Greece problems mount

We now seem to be watching a classic left wing and right wing finacial battle with Greece, with the news that
Germany has given Greece a few warning comments on their spending, this follows Greece announcing unemployment up to almost 22% 

Greece is due to make a massive debt repayment on Friday and some pundits are questioning if they can make it 

http://www.telegraph.co.uk/finance/financialcrisis/9255637/Germany-warns-Greece-it-will-halt-aid-unless-it-commits-to-bailout-agreements.html
 
http://www.telegraph.co.uk/finance/financialcrisis/9255710/Keep-cutting-or-EU-aid-stops-Greeks-told.html

This comes on top of news that Spain nationalised a big Bank(Bankia) Spain it self has an unemployment rate of 25%

Yet the country that is currently bankrolling the EU ( Germany) now has its own politicians openly talking about letting Greece sink.

Sandwell Tory said
Our unemployment rate about is 8% and we are working Damn hard to get that down

Do you feel we should send over a few Labour MP's to help them sort it all out?,

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