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Rescue mission to Greece could last 2 to 3 weeks

Insiders from the European Union are making it plain to reporters and analysts that the European Union and International Monetary Fund visit to Greece, to appraise the budget and economic situation, could last up to three weeks. This is a body blow for investors in the European Union and worldwide who had hoped that the Greek situation would be sorted in the short-term and the proposed multibillion euro bailout package put in place and taken up by the authorities.

It is bizarre in the extreme to consider the situation was supposed to have been sorted out two weeks ago yet it is still ongoing today. The euro is again coming under renewed pressure with investors now losing patience. In the first few days of the Greek budget problem it did seem that the European Union had a very firm grip on the situation and was looking to react with lightning quick speed to put out a fire which could in theory spread throughout Europe. However, the situation today is very different and internal bickering within the European Union seems to be to blame.

As we have suggested on numerous occasions, this is an issue which needs to be resolved now!

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