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BBC News: Greece prepares 2010 economic plan for Brussels
Greece is set to tell the European Commission how it aims to control its public finances and get its beleaguered economy back on track in 2010.

Its debt problems represent a major test of the euro in its 12th year, as markets wait to see how the 16-nation eurozone reacts to Greece's problems.

Government debt ratings have been downgraded in Greece by all three major international rating agencies.

by nanne (zwaerdenmaecker@gmail.com) on Mon Jan 4th, 2010 at 02:30:48 PM EST
[ Parent ]
exactly how the euro is endangered by the Greek situation?

Holders of Greek debt, I understand. But the euro, at a time when pretty much agrees (or claims) that it is too strong?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Jan 5th, 2010 at 03:37:41 AM EST
[ Parent ]
This is just like how California's bankruptcy will (or will not) destroy the US dollar.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Tue Jan 5th, 2010 at 04:15:27 AM EST
[ Parent ]

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