Posted on 05/26/2010 10:59:59 AM PDT by blam
First Bailout Glitches Appear, As Greece Is Already Trying To Renegotiate Bailout Terms
Joe Weisenthal
May 26, 2010, 1:09 PM
Interesting Reuters story via ForexLive
Greece is trying to renegotiate the terms of a drastic pension reform required under the terms of an economic rescue deal agreed this month with the EU and the IMF, senior government officials said.
In the first sign of glitches over the 3-year bailout plan, officials said they wanted the EU and IMF to agree full pensions should be payable after 37 years of contributions instead of 40, as set out in the deal, and allow the reform to be implemented later than foreseen.
Definitely something to watch
[snip]
(Excerpt) Read more at businessinsider.com ...
The three year bailout plan last, what? Two weeks?
Perhaps 99% of pensions linked to the value of the Euro to the cost of comfortable toilet paper.
The Greeks already trying to weasel out.
Funny, sad, and deadly serious all at the same time.
would it be cheeper to write off the debt totally?
There are too many government employees over there, anecdotal experience, who have no clue and think “not my problem”.
This is like the blond who thinks chicken comes from the supermarket.
The Greeks SHOULD have gone with the Jefferson draft of the Hellenic constitution and not the british aristocracy one imposed upon them.
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