Monday, February 8, 2010

More Panic Talk Out of Greece

These guys have no clue as to what to do.

As financial sophisticates continue to pound on Greek debt, Greek Finance Minister George Papaconstantinou said he can’t call for outside aid.

“The worst possible signal which we could send out is one calling for outside help,” he said in an interview with Bloomberg Television in Athens yesterday. “We will tackle the deficit,” he said, adding that tax revenues in January exceeded forecasts “by some percentage points.”

European Central Bank President Jean- Claude Trichet cut short his trip to a Reserve Bank of Australia symposium in Sydney by one day so that he could deal directly with the escalating problem of the PIIGS.

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