EU deal on second Greek bailout

After a day of emergency talks in Brussels, EU heads confirmed a new bailout for Greece.

B92

This is not a bailout but a a banking subsidy and transfer of wealth to the banks the EU governments are too cowardly to confront.They've continued on the same path as before by transferring the banks debts on their citizens wallets as the path of least resistance to appease the profit and bonus requirement of the banks who are not prepared to accept the consequences of their gambling habits.

It's a short-term contagion limitation exercise which will do nothing to deal with the fundamental flaws of the single currency-one size fits all with different labour markets and competitiveness-.It will also require a unified fiscal authority which in turn will require political union,something the EU citizens will not be prepared to accept.

After a day of emergency talks in Brussels, EU heads confirmed a new bailout for Greece.

B92

This is not a bailout but a a banking subsidy and transfer of wealth to the banks the EU governments are too cowardly to confront.They've continued on the same path as before by transferring the banks debts on their citizens wallets as the path of least resistance to appease the profit and bonus requirement of the banks who are not prepared to accept the consequences of their gambling habits.

It's a short-term contagion limitation exercise which will do nothing to deal with the fundamental flaws of the single currency-one size fits all with different labour markets and competitiveness-.It will also require a unified fiscal authority which in turn will require political union,something the EU citizens will not be prepared to accept.