Finally doing away with the pretense that the Greek bailout is for Greece, the EU is insisting...

|By:, SA News Editor

Finally doing away with the pretense that the Greek bailout is for Greece, the EU is insisting that most of any new rescue funds be directed into an escrow account earmarked for paying off bondholders. The move would give the EU near-complete control over Greece's finances without actually installing a "commissar" in Athens.