June 20, 2011
Wall Street’s chattering mass of strategists are turning their attention to the ongoing uncertainty over Greece Monday morning.
Over the weekend, sundry continental muckety-mucks once again put their heads together and, after hours of beard-stroking and grave nodding, made the tough decision to, wait for it … delay an important decision! That decision has to do with the parameters of a fresh bailout package for Greece. They’ll wait until July to flesh out the details.
Some argue that the delay is a good thing, as it allows the Greek political classes some more time to try to develop some sense of national consensus that can accept the pretty deep cuts that those writing the checks are demanding in exchange for the bailout cash.
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