Greek Rescue Funds About To Be Released, Officals Optimistic

Greek political leaders claim that now money is about to be released as  part of a rescue package  a new period for the southern European nation has started. Finance Minister Evangelos Venizelos said Greece has a “new starting point” when he was interviews by CNBC. That is not likely. Most economists believe that another bailout is only two or three years away. Greek GDP continues to contract at a 5% or greater level. Unemployment is well over 14% and on the rise. Even with government expense cuts it is hard to imagine how the country can bring down deficits and cut into the size of its national debt.