Greece has only days to explain its use of complex financial deals that it used to mask debt and just a month to prove that its drastic budget cuts go far enough to reassure markets and EU governments, who are reluctant to bail Athens out if it can’t pay its bills.
Greece’s troubles has plunged the 16 nations that use the euro into a crisis by breaking rules on debt and deficit that underpin Europe’s currency union amid worries that its problems could be even bigger because its public finance figures cannot be trusted.
More proof that robbing Peter to pay Paul never works. Especially when Peter is broke to begin with.
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