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August 1, 2012

Optimism gone: Days in EU may be numbered

Writer Nick Malkoutzis at Kathimerini views the refusal of the European Central Bank to no longer accept Greek bonds as collateral as a light switching on to "illuminate a display over the euro highway that reads: Beware, road ends ahead...". Malkoutzis also says:

"The mood within Europe has clearly turned against Greece and there is little desire to spend more time or money on resolving the country’s problems. The political will has vanished in many eurozone countries and the bigger threat of a Spanish or Italian derailment is drawing greater attention. "

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