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If the markets doubt the credibility of the Greek programme, further steps will have to be taken. The Euro zone will only intervene once that has been done

That says the credibility of Greece to the Euro Group is entirely dependent on the credibility to the market.

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 Fri Feb 12th, 2010 at 03:03:41 PM EST
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