The German finance minister says that the bailout of Greece by the “troika” didn’t work, and acknowledges that Greek debt will need to be “restructured” — a euphemism for defaulting on at least part of its debt.In other news, Libyan government forces loyal to Col. Moammar Ghadhafi are advancing on the rebel-held stronghold of Misrata. Thousands of troops are attacking from three directions, and fighting is said to be heavy.
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Thanks to AC, Andy Bostom, C. Cantoni, Diana West, Fjordman, Gaia, Insubria, JD, KGS, Lawman, and all the other tipsters who sent these in.
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1 comment:
What? Throwing money at the problem didn't work? Who could have imagined...
... sigh.
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