European leaders reached an agreement to reduce the debt of Greece after holding talks until the early hours of Thursday to develop a comprehensive plan to control the debt crisis of the continent.
The French leader Sarkozy made ​​it clear that an error was incorporated into Greece in Euro, as was done based on false figures and statistics. The president added that he agreed to expand the fund's value of the euro zone rescue in four or five times, suggesting that this might provide guarantees for between 800,000 million and 1.3 billion euros in bonds issued by countries such as Spain and Italy .
Also, do not forget that, although the solution is reached to remove the tension seems to markets, many banks have faced a great loss and that the EU does not come out for free this agreement: should immobilize more than one billion Euros just to meet the needs of those who have taken half a continent to this situation, through gifts, grants and bonds festivals.
In short, there was a clear winner, which was Greece. Into debt to European rates, the money wasted without creating jobs, and lived as in the first world it inhabits. When he could not meet its commitments, there was no choice but to forgive their debts. Not a good business?
But none of this seems now to worry investors who are turning en masse to buy assets of all kinds, and arise from the same dollars that once again find, when you see the Euros today do not have much value buy and that the crisis is solved with money, but also consistent policies.
