{"id":384164,"date":"2010-03-03T07:30:06","date_gmt":"2010-03-03T12:30:06","guid":{"rendered":"http:\/\/www.businessinsider.com\/euro-whipsawed-as-traders-realize-europe-may-still-not-bail-out-greece-after-budget-cuts-2010-3"},"modified":"2010-03-03T07:30:06","modified_gmt":"2010-03-03T12:30:06","slug":"euro-whipsawed-as-traders-realize-europe-may-still-not-bail-out-greece-after-budget-cuts","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/384164","title":{"rendered":"Euro Whipsawed As Traders Realize Europe May Still Not Bail Out Greece After Budget Cuts"},"content":{"rendered":"

Greece just announced cuts of $6.6 billion from its budget. Victory, right!<\/p>\n

Not so fast.<\/p>\n

If this was all it took to get a bailout from the rest of Europe, then why is the country’s prime minister making not-so-veiled threats to the EU via the media. In this case, Reuters<\/a> reports that Greek Prime Minister George Papandreou told his fellow Greek leaders that if there is no bailout, then Greece will have to go to the IMF.<\/p>\n

In other words: If you don’t bail us out, Angela Merkel, we’re going to turn the EU into a developing-world basket case.<\/p>\n

\"chart\"Maybe that explains the wild action in euro-land this morning.<\/p>\n

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