Things In Europe Just Getting Worse By The Minute

Wednesday, May 9, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/09/2012

The latest out of the doomed continent:

*EURO ZONE DEBATING DELAY OF EUR5.2B MAY 10 PAYMENT TO GREECE – DOW JONES

*SOME GOVERNMENTS CONCERNED ABOUT MAKING A PAYMENT TO GREECE AMID POLITICAL TURMOIL

And so the check bounces, which is ironic, because as we repeatedly explained, the Greek bailout is not about Greece: it is merely to allow Europe to bailout its banks via ECB and Troika funded interest payments and using Greece as a passthru vehicle. Luckily, that particularly aggravating farce may soon be ending.

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