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News, comment and analysis on Spain, Portugal and beyond

greek debt

Euro stumbles as Greece ups its brinkmanship

February 17, 2012 by Peter Lavelle, Pure FX Leave a Comment

On Wednesday, Greek Finance Minister Evangelos Venizelos accused German Finance Minister Wolfgang Schaeuble of more or less plotting to push Greece out of the euro, while Schaeuble in turn said he is tired of dumping money into a black hole. This has delayed the dispatch of the second Greek bailout, bringing Greece closer to the March deadline before it defaults. For me, the dispute raises an interesting point about who is to blame per se for this continuing Greece debacle. Reading around, it seems to me the EU is getting a bad rep here, with Germany especially being painted as a dictatorial monster. Is this the case? I mean - I concede that the EU is a bureaucratic nightmare, but is … [Read more...] about Euro stumbles as Greece ups its brinkmanship

Filed Under: Expats Tagged With: eur-gbp, euro crisis, exchange, foreign exchange, fx, greek debt, pound, purefx, rajoy, spain labor reform, Spain labour reform

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