SCOREBOARD: Greek spotlight

The market reaction to Greece's bailout was mixed, with big moves in the commodity space.

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Peter King,

"It appears that commodity punters took the view that with Greece out of the way, there'’s not much in the way of downside risk". (SCOREBOARD: Greek spotlight, February 22.) On which planet do these commodity punters reside? That proverbial can has been kicked further down the street. It is getting very dented and very large. Greece has simply conned the ‘experts’ into giving them bailout that they need to kickstart their own new foray into the drachma mach II. Does anyone honestly think for one moment that Greece is going to ‘work’ it’s way out of this. Their economy slid more than 7 per cent in the last quarter and 50 per cent of small businesses are either bankrupt or heading full speed toward it. The new deal is supposed to reduce the debt to 120.5 per cent of GDP by 2020. Hello! How is even that sustainable? Greek citizens are being made destitute and being slung into the poor house at breakneck speed by the stand-over Northern Europeans who want to keep their corrupt banking and tilted political gig rolling along. The end to this saga is rapidly closing in now. The wheels are about to fall off this massive debt-ridden and corrupt European cart and carry with it massive personal and financial grief on a global basis.

Warren Mcdonald,

Just so I understand, how is Greece expected to maintain their debt at 120 per cent of GDP when the measures introduced are going to have a severe impact on their economy? (SCOREBOARD: Greek spotlight. February 22.) With the likelihood of a socialist government being elected watch for some real trouble here in the coming months.