Jean-Claude Juncker
Luxembourg’s Jean-Claude Juncker said on Thursday that the bailout program for Greece may be doomed. Thus Germany can count the days until June 29, when the next bailout money was to be released to Greece. These days may spell the doom of the Euro Zone.
One of the important provisions of the bailout program was supposed to be that Greece promised to line up enough loan commitments to carry them through the next twelve months.
Representatives of the IMF, The European Commission, and the European Central Bank went to Athens to find out what’s going on. No one thinks Greece is going to have sufficient loan commitments to pass the test.
The only choice? Germany must open its purse string and give aid, or the Euro Zone will be a thing of the past.