Economy

Roland99

(53,345 posts)

22. Greek deal reached. No, really. And they promise % GDP in 2013! yay, Greece!

Thu Feb 9, 2012, 09:30 AM

Feb 2012

http://www.zerohedge.com/news/fresh-report-greek-political-deal-again

And so the EURUSD spikes on yet another supposed agreement out of the Greek politicians. The FT reports: "Greek politicians have reached a deal. Statement out shortly according to FT's Athens correspondent." Further from the FT's blog: "An official in the prime minister’s office says: “There’s an agreement, Mr Papademos has met with Mr Samaras and it’s done. There will be a statement shortly." Yes, we have heard this before, and we have seen the same reaction before. The deja vu'ness is now all blurring into one. In practice what this means, for those who can think beyond the most recent headline, is that Greece has formally agreed to pledge that its GDP will be positive in 2013... Sold to you.

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Greek deal reached. No, really. And they promise % GDP in 2013! yay, Greece! Roland99 Feb 2012 #22

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