You Gotta Hand It To Greece

This from a news story this morning in the Wall Street Journal

‘ Greece’s eurozone creditors agreed to unblock previously suspended debt-relief measures for the country, after Athens assured them that a Christmas gift it offered pensioners would be a one-off.’

The country was not suppose to do this at all under previous agreements . But in true present day Greek fashion they broke the rules and in true European Union fashion the European creditors accepted the violation.

I mean when you dig into the Eurozone operations there are more ‘one offs ‘ than anything  else. France a few years ago falsely excluded their military spending to make the expenditure / GDP rule.  And so it goes. You wonder why the British were skeptical and wanted out ?

It’s a place where exceptions seem to be the rule .

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s