20th October 2011
Over 100 000 people protested in Athens yesterday against new austerity measures. The measure if not passed means the next €8 billion of aid from the EU will not be received. This means Greece would be bankrupt by the middle of next month.
The continued talk and no resolution plays havoc with the markets, and Moody's warning France could lose their triple AAA rating does not help.
The firm consensus is that the Euro is done however at the moment we are stuck in buy the rumour sell the fact territory and until Germany decides what it wants to do we are all in limbo.
Posted by Andrew Johnston
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