After Greece Warns It May Get Funds From Russia Or China, Europe Said To Propose 6 Month Extension

Did Europe just fold?

Moments ago Bloomberg blasted a headline which has to be validated by other members of the European Commission as well as Merkel and the other Germans (and may well be refuted, considering this is Europe), which said that:

  • COMMISSION TO PROPOSE 6 MONTH EXTENSION FOR GREECE – SOURCES.

So did Greece just win the first round of its stand off with Brussels? It remains to be confirmed, but congratulations to Greece if indeed it caused Merkel and the ECB to fold. Continue reading