Greece has been getting screwed recently. Just when things seemed to be working out (in the short run anyway), its second bailout came under fire, BusinessInsider warns.
Other countries got jealous of a collateral negotiation it concluded with Finland. Then reports surfaced that it won't meet deficit-reduction and privatization goals and that it can't blame the poor economy for this failure—at least not completely.
Next week could prove a turning point in the latest Greek drama. Here’s why –
-Finance ministers from Finland, Germany, and the Netherlands will meet in Berlin on Tuesday to discuss collateral provisions for the Greek bailout. Right now, this appears to be the big kahuna. If they cannot find a solution to the collateral deal, Finland says it will revoke its participation in the bailout. Other countries could follow, rendering the bailout impossible.
Read more: http://www.businessinsider.com/greek-agenda-next-week-2011-9#ixzz1WoYncmCE
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