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  • IMF: 'Huge' Greek Program Implementation Risks In Next Few Days

    From efxnews.com

    International Monetary Fund officials said that while a new financing agreement for Greece reached earlier this week can set the ailing economy's debt on a path toward healthy levels, perils in the days ahead could capsize the program. "All the cards have been stacked up for it to succeed," said a senior IMF official in a telephone briefing. "Of course there are huge implementation risks over the next few days. We have to be realistic. It's not yet in the bank," he said. A second official on the call said that program is "a strong package and major step forward" that buys Greece considerable breathing room to ... (full story)

They can hold all meeting, all bullshit show to the public, but as long as no one deposit the money in the account. It's a fake, a joke, an insult...they bluff the public. Nothing solve, nothing change. How in the hell they giving out the money when there is none in the account yet. The whole EU, ECB...are bunch of liars.
Yes,only buying time ... so be careful do not trade based on news or rumors only , see the fact on the charts.
Watch the actual conditions,some of EU countries in the position to follow Greece , default and default
if you watch the charts, you will lose big time...trade the news
  •  Guest
  • | IP XXX.X.28.194
Remember that Greek members walked out of last austerity vote. The members who voted yes will not be re-elected. What does this mean? No implementation of austerity. At the end of the day the people control the country not a few corrupt members. Sarkozy has a less than 50% chance of being re-elected.
  •  Guest
  • | IP XXX.XX.107.89
If you try trade the news, you will lose big time... Trade the charts, they are saying stay the hell away.
lol, yet the EW purist will tell you the opposite, ignore the news and trade the chart ! In reality it is a mixture of both.
I say we trade war stories, buy each other a shot of Chivas and laugh at Greece and all this bs drama. This is supposed to be international economics, not the latest soap opera. What a bunch of jokers
  • New Comment
  •  Guest
  • | IP XX.XX.14.85
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  • Story Stats
  • Posted: Feb 22, 2012 7:47pm
  • Submitted by:
     eFx Newz
    Category: Fundamental Analysis
    Comments: 7  /  Views: 2,000