funkymonks - testing august low - monday, page-9

The numbers from Greece don't look to good.....

If the Euro do a backflip and support further bailout to Greece outside the agreed the "last chance" imposed earlier, the EU will loose face and the Euro will spiral down....
If they don't bail them out, they will offer an orderly exit for Greece, the Euro MAY remain intact and actually increase in value, but the market will cane the c..p out of Europe...

The second option will be the best I think....

"Two sources confirmed the new budget numbers, which predict a budget deficit of 8.5 percent of gross domestic product (GDP) for this year and 6.8 percent next year, compared with targets of 7.6 percent for this year and 6.5 percent for 2012.

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"These are the numbers expected to be submitted to parliament," one of the sources told Reuters."


Read more: http://www.theage.com.au/business/world-business/greece-to-miss-budget-targets-set-by-eu-20111003-1l4a1.html#ixzz1ZfDbEFQy