European Union talks on Greek debt as IMF flies in

guardian.co.uk/business/2011 … -imf-talks

A little OT but explains why Greece is in a jock.

This beer entrepreneur can’t catch a break in Greece

nytimes.com/2011/01/30/business/30greek.html

thanks for that, good insight

Interesting moves afoot. Note, from FT (below), that what’s happens in Greece will inevitably apply to Ireland. Reduced interest rates, extended payment periods (or 30 years, perhaps) seem to be on the table now that it’s accepted that Greece (and Ireland) cannot service the debt even if it implements the IMF/EU deal in full.

ft.com/cms/s/0/a357f7e2-2c9e-11e0-83bd-00144feab49a.html#axzz1Cawwa4eR

Also interesting is that not much will happen at this week’s EU summit - the big stuff will come out in March. Good news for Enda Kenny who can pretend that this was all his doing (when it has little to do with what any Irish government wants).