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Tuesday, August 21, 2012

A "Too Small To Matter" Greece Once Again Requests More Money | ZeroHedge

A "Too Small To Matter" Greece Once Again Requests More Money | ZeroHedge

By now it should be painfully clear to involved that the Greek economy is nothing but a zombie, whose funding shortfalls and other deficit needs are sustained each month only courtesy of constantly new and improved "financial engineering" ponzi creations out of the ECB, the ELA, and other interlinked funding mechanisms which are merely a transfer of German cash into empty peripheral coffers. And while the attention of the world has moved on, at least for the time being, from the small country which has been left for dead with the assumption that Europe will do the bare minimum to keep it alive, but not more, Greece once again reminds us that not only does it still pretend to be alive, but that the zombie is getting hungry, and want to eat.

Greece Austerity Plan Short by 2.5 Billion Euros as Crisis Intensifies - SPIEGEL ONLINE

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