1:00 GMT- Feb 16 (global-view.com) The debt crisis in Greece just refuses to go away. A growing stumbling block could be the unpopularity in Germany of giving the economy a bailout when Germans feel that government spending programs in Greece have consistently been excessive.
They feel that the government in Greece needs to do a lot more to cut spending. For its part, there is strong political opposition within Greece to spending cuts. The major focus of the forex trading markets is now on major debt refundings set for April and May. Odds are that either Eurozone members or a single player such as Germany, in the end will guarantee their debt.
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