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Stephen Pope is the founder and Managing
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702 Talk Radio Features Stephen Pope & Spotlight Ideas

Tuesday February 21st 2012


images/uploads/Cape Radio 22-02-12 02-40.mp3
THE MIDDAY REPORT 21 February 2012 12:40 PM
Greek bailout
Stephen Pope told Midday Report that the 2nd rescue package is merely a way of saving Greece from a default on March 20th. On that day 14.5 Bilion Euro's is up for payment. But Greece is still waiting on 36 Billion Euro's from the first bailout. One has to be honest here. There is not a solution in this deal, Greece has been too slow in the recent past to reform its red tape and collect taxes efficiently. It has allowed too many funds to slip the net and so pressing forward one can say, here and now that Greece will be back at the bank to borrow within 6 months.
Guest: Stephen Pope, Managing Partner, Spotlight Ideas

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