The Greece economy continued to implode in the second quarter of 2011 as economic output fell a whopping 7.3% compared to last year. Combined with unemployment hitting new records of 16% this means that again fiscal targets are likely not to be met as the deficit will come in at 8-9%
After missing targets again, when will Europe finally get enough of lose promises and come up with the next "structural" solution??
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http://www.zerohedge.com/news/latest-greek-economic-collapse-means-country-will-soon-be-out-eurozone-or-bankrupt-or-both
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