Markets flat again today, BUT The good news is that the Greek parliament passed new tougher measures that the Euro group may accept. It still has to get approval from the Euro zone but it looks good at this point, as it will give enough time for funds to be approved and transferred before Greece becomes officially bankrupt Mar. 20 when those bondholders are owed 16.5 billion Euros.
These austerity measures still have to be implemented and some Euro members want them in writing as they have heard enough talk from the Greek government. Tougher time ahead for the Greek populace as they already have 20 percent unemployment as well as high unemployment for the young. These measures are necessary as one German official says they do not want to keep contributing to the Greek bottomless pit. (No pun intended).