“Until we see the color of their money, I don’t think you are going to see any money from the rest of the world.” George Osborne, U.K. Chancellor of the Exchequer
G20 rebuff EU's calls for help
Is EU really get some back-ups from other international institutions?
BRICS (S for South Africa?) saying they will go along with IMF, their funding commitment would come along only if Europe has clear plan and open more power sharing to them. (As I said in the preivous post, they are not giving money for nothing.)
World Bank President Zoellic also point out that European problem has no quick fix. The problems has three interacting perspectives: Sovereign Debt, Banking System and Growth. A structure reform is needed for EU zone.
German parliment approve the second bailout for Greece. It will certainly buy Europe some time, yet the eventual resolution is yet reached.
"March of course has 31 days" said by European Commission President Jose Barrosso.
We will see. (ya, this is EU Drama season 4, if you count year 2009 is season one) Stay tuned.
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