EU Finance Chiefs Give Greece $58Bn But Stoke Fears of Default After Delaying Bail-Out Decision!

• Will the Illuminists pull the plug on Greece on 20 March 2012? And start the global economic, financial and monetary collapse leading to WW3? Who knows. They are putting all the pieces in place, setting up their war machine in the Persian Gulf, priming their Satanic military outpost – Zionist ‘666’ Israel, preparing all the war propaganda in their Illuminist MSM … It appears they are 99% ready to start the detonations. It is a question of timing. They appear to be ready and well rehearsed for the events to come.
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  EU finance chiefs give Greece $58bn but stoke fears of default after delaying bail-out decision! 
  By Louise Armitstead, and Bruno Waterfield, http://www.telegraph.co.uk/ 
  European powers approved the release of funds for Greece’s international creditors but delayed the decision to bail out Athens until March 12 – perilously close to the country’s default deadline.
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  Ministers released €58bn (£48bn) of cash designated to smooth the €206bn bond restructuring but withheld the remaining €71.5bn allocated to help the Greek government.
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  Eurozone finance ministers, who met in Brussels ahead of European Union leaders summit on Thursday night, said they would hold a conference call on Friday, March 9 – a day after the bond swap deadline – and postpone a decision until a eurogroup meeting on Monday, March 12.
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  The delay will push Greece to within eight days of bankruptcy – a move likely to rattle global markets and put eurozone leaders on a collision course with America and China. World leaders have demanded immediate action to stem the crisis but Athens faces a €14.5bn bond repayment on March 20.
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  Jean Claude Juncker, head of the group of 17 finance ministers, said in a statement that a “high participation” in the bond swap and a “positive assessment” of the Greek austerity reforms were “necessary conditions” for the disbursement of the rescue package. He added that ministers would also withhold permission for the eurozone bail-out fund, the European Financial Stability Facility (EFSF), to issue bonds to help Greece until the conditions were met. Dutch Finance Minister Jan Kees De Jager said: “We have to wait for PSI [bond swap] before final conclusions”
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  … for more click here!

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