Please be sceptical of the announcements last night.
1. Other agreements have failed
2. It depends on economies picking up globally
3. Greeks don't pay taxes and this depends on tax revenues in Greece
4. Banks losing 50% of their money means they won't lend to Greece in a hurry
5. Private investors are likely to lose it all so they certainly won't lend to Greece
6. The French will play their part.
7. The details could take months and Greece runs out of money anyway
Otherwise, we could see the global economy not pick up and this agreement falls flat.
More money is needed
French banks lose more
France loses it's AAA rating which it could still lose!
1. Other agreements have failed
2. It depends on economies picking up globally
3. Greeks don't pay taxes and this depends on tax revenues in Greece
4. Banks losing 50% of their money means they won't lend to Greece in a hurry
5. Private investors are likely to lose it all so they certainly won't lend to Greece
6. The French will play their part.
7. The details could take months and Greece runs out of money anyway
Otherwise, we could see the global economy not pick up and this agreement falls flat.
More money is needed
French banks lose more
France loses it's AAA rating which it could still lose!
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