- Greece means business, the PM says he convinced the EU.
- The government is determined to regain lost credibility.
- It will do anything to reach deficit targets
- Ready to take extra measures to meet budget targets
- Details of aid mechanism not discussed with EU leaders
Looks like the EU is hanging back, ready (perhaps) to back-stop Greece, if needed. Without specific measures, the markets will likely punish Greece just to test the EU’s resolve. Mr. Market does not sense its resolve is very strong at all…
