Greece Renegs On Troika Terms Hours After Getting Bailout Extension
from Zero Hedge
Earmuffs time for Europe’s carefully sculpted theater of goodwill, solidarity and cohesion. Because this has to be some sort of record. Hours after Greece got its much desired two year bailout extension of Deutsche Bank from Germany Europe, Greece is already in breach of the terms it, and Europe, all “fought so hard” for. From Kathimerini: “A planned 25 percent increase in the price of public transport tickets next March is to be postponed until October, the general secretary of the Development Ministry, Nikos Stathopoulos, said on Tuesday. The increase originally demanded by the troika would have pushed the price of a ticket for all modes of public transport to 1.75 euros from 1.40.” Instead the Troika’s demand is overruled, and in its place is a promise that some efficiency has been extracted elsewhere, until of course, said promise is probed and uncovered to have also been a lie.
Continue Reading at ZeroHedge.com…
2012-11-13 19:21:01
Source:
