Thursday, February 16, 2012

EUROBUDGET BLUES. Germany witholds $171 billion in aid to Greece because it doesn't want to play the "sucker" to the country's need to pay its $19 billion bond and it allows $40 billion instead. It also suspends an euro zone meeting because of concerns as to where Greece will find 430 million in budget savings if pensions aren't cut. Even German home appliance companies like Bosch are involved in the process: unless a new Greek government is elected to guarantee an adequate slashing of its people's needs by doing someone else's will and showing a definite indifference to the consequences, nothing doing.

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