Sunday, May 13, 2012

Greek Deputy PM: The Country Will Run Out Of Money In Six Weeks

Head of Greece's Syriza party Alexis Tsipras (C) leaves the presidential palace after a meeting today. Photograph: John Kolesidis/Reuters

Greece Will Run Out Of Money Soon, Warns deputy prime minister -- The Telegraph

Greece's deputy prime minister has said the country will run out of money in six weeks unless it honours its bitterly-disputed EU bailout deal.

Speaking exclusively to The Sunday Telegraph, Theodoros Pangalos said he was "very much afraid of what is going to happen" after Greek voters rejected the deal in elections last Sunday.

"The majority of the people voted for a very strange mental construction," he said. "We want to be in the EU and the euro, but we don't want to pay anything for the past."

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Update: Greek government talks end without breakthrough -- CNN

My Comment: I have been to Greece on a number of occasions .... and yes .... it's sad to see them going through the process of committing national suicide.

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