How Does This Work Then?

It seems our bredrin in Greece are about to dig the begging bowl out:

Greece is prepared to turn to the International Monetary Fund for help if its European neighbours fail to provide the financial assistance it wants after announcing the toughest spending cuts in decades.

"Where's my damn welfare cheque? Gimme gimme gimme!"

Now forgive my ignorance but is this without precedent? A broke nation state asking for IMF money certainly not, but using a cross-border currency?

Also I'm TM'ing the acronym PIGIES when it become patently clear to everyone who isn't Gordon that England is financially screwed...




-- Post From My iPhone