Sunday, July 12, 2015

Boo yah II

A nine-hour meeting of eurozone finance ministers on Saturday broke off as Germany, Finland and Eastern European members expressed doubts that Greece could be trusted to live up to any commitments made in exchange for bailout assistance that might reach 74 billion euros, or nearly $82.6 billion.

and yet:

The failure of the finance ministers to find a path forward when they met for nine hours on Saturday and reconvened Sunday morning indicated that any agreement to continue negotiations with Athens would be a largely political decision based on the goal of European unity, rather than an economic one.

I'm actually impressed that the finance ministers held tough. If the heads of state do too, then I'll change my tune. And we can look forward to Illinois and California next, followed by every other place run by Democrats.


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