Trouble is, Greece still needs more money to float the country and skeptics are abound, still viewing them as the poster child of the PIGS nations
Word has it that Greek banks have asked the government to use the remaining 17 billion Euro of funds allocated to back up the country’s banking system to be put to work as a government guaranteed bond program. The move would allow for a better haircut when borrowing from the European Central Bank. Trouble is, Greece still need more money to float the country and skeptics are abound, still viewing them as the poster child of the PIGS nations.