Re: The continuing battle against the inevitable Euro area default
Originally Posted by gaelic cowboy
Yes I understand that but Greece would have a hard time paying up if the bailout fails, the government most likely thinks it wont happen and the deal is a sop to the electorate really of Finland.
Well as said in the article Greece have to pay the guarantee or Finland will not guarantee their debt, so the pay up has to be imminent. A guarantee paid afterwards is no guarantee at all.
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