Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Time keeps on ticking.

Nothing Greece can do in the next month is going to make a difference--other than shady bookkeeping.

The bill comes due in April. That's like, 2 months away. Greece is not going to get its pensions in order, cut wages, have any benefit from a hiring freeze, slash health care, etc., in that time.

The plan is there. Parliament has to pass it. They already passed parts of it. Is that enough? Simply to vote austerity in?

Somehow I don't think so.

by Upstate NY on Fri Feb 12th, 2010 at 06:49:32 PM EST
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What happens in April?

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 Sat Feb 13th, 2010 at 02:26:27 AM EST
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Probably the next Greek bond issue.
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Feb 13th, 2010 at 04:58:46 AM EST
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The bills come due. Greece cannot meet its debt payments in April unless it sells more bonds. There's not enough in the coffers currently for April's bills.
by Upstate NY on Sat Feb 13th, 2010 at 10:43:12 AM EST
[ Parent ]


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