wisdom is shorting Euro end staying out of the market..there is no happy ending with such unbelievable measures even with trichets vigilance bullsht speech tht takes back Greeks to stoneage...
Greek government austerity measures
The Greek parliament is debating the latest set of austerity measures, which it needs to pass to qualify for another payment under the bail-out from the European Union and the International Monetary Fund. The five-year plan was changed last week to allow for more money to be raised through tax increases and less money to be saved through spending cuts. The plan involves cutting 14.32bn euros ($20.50bn; £12.82bn) of public spending, while raising 14.09bn euros in taxes over five years. These are some of the austerity measures planned. Taxes will increase by 2.32bn euros this year, with additional taxes of ... (full story)