Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

The debt situation in Greece is an “absolute nightmare” for European officials, Martin Wolf, FT’s chief economics correspondent, told Yahoo! Finance – The Daily Ticker.

“It’s just not going to get better. Essentially they have to bit the bullet. The difficultly is managing that while maintaining some financial system in Greece and avoiding massive contagion within the Eurozone,” he said.

Source: Yahoo! Finance – The Daily Ticker, May 11, 2011 (hat tip: The Big Picture).

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Greek debt crisis “an absolute nightmare,” says Martin Wolf was first posted on May 12, 2011 at 9:50 am.
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