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Greece will receive the €5.2B bailout payment from the troika, says EU Economics...
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Wednesday, May 9, 2012, 10:39 AM ETGreece will receive the €5.2B bailout payment from the troika, says EU Economics Commissioner Olli Rehn, as it's already been approved. That refutes a Dow Jones report that the eurozone is considering delaying the payment, doesn't it?
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The ECB has already made it abundantly clear that they are and will backstop the banks, so whether Greece receives payments, doesn't receive payments, pays, defaults, or leaves euro doesn't mean much in the end, except to induce the usual mindless panic. Is there anybody, thinking sensibly, Merkel reluctance notwithstanding, who actually believes that Europe will allow its banking sector to collapse?