[heero_yuy]

Originally Posted by Osem

Easy, just get Goldman Sachs in to come up with some new numbers which look better. Problem solved...

If it were just the Eurozone and ECB then I suspect they'd try a coverup but now the IMF have blown the gaffe: They'll just be throwing good money after bad.

BTW remember a while ago I suggested that they'd dip into another EU fund somewhere to prop up the Greeks?

Europe is split over whether Greece could be offered an emergency loan from a central EU fund in a move that could require around £850m of financial support from the UK.

George Osborne, the chancellor, is furiously opposing the idea, saying it is a “non-starter”, but the European commission confirmed it was under consideration in spite of British objections and German scepticism about the plan.

Osborne is arguing only eurozone countries should participate in the Greek bailout, so it would be wrong to tap the central EU fund set up in 2010 to help Ireland and Portugal, which is known as the European Financial Stabilisation Mechanism (EFSM).

Using this source of cash as an emergency bridging loan until a longer-term bailout plan is put in place would leave the UK out of pocket if Greece failed to repay it.

Linky

I just knew that sooner of later we'd be in line to prop up the Euro vanity project.


I reckon Grexit is back on the menu.