Now It's Been 11 Days Since The Greek Bailout And Leaders Are Still Denying There's A Bailout

zeus greece greek chariot

Now it’s been 11 days since EU leaders announced a bailout.

We immediately declared that there was no such thing, and that the announcement — which was just a half-page long — was obviously an empty statement with no details, and with no purpose other than to “calm” markets.

Well, here we are, and there’s still no deal.

Not only are Euro leaders saying silent — they’re actually denying reports about deals. It’s not the most calming behaviour.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at