The tension between the EU and Greece is heating up, as central bank chief Jean-Claude Trichet warned the country to get its budget situation under control NOW or else.
Greece bonds fell again, as a result, according to Bloomberg.
But Trichet's message wasn't aimed simply at Greece. Apparently he's not all that eager to use the power of the press to monetize massive deficits across the continent, and he basically implored everyone to get their financial houses in order.
This comes hot on the heels of Moody's declaring that both Greece an Portugal were on a slow, probably irreversible death march.
The crackup of the euro continues.
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See Also:
- MOODY'S: Greece And Portugal On The March To A 'Slow Death'
- German President Angela Merkel Just Dropkicked The Euro
- Are European Leaders All Freaking Out At Once Because They Saw The Same December Economic Data?
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