Greece Enters Twilight Zone As It Announces 90% Banker Bonus Tax Plans, Expectations For Sub 3% Deficit By 2013

Tyler Durden's picture

Developing story as highlights from George Papandreou's speech become available. Some notable snippets include his desire to cut deficits below 3% of GDP by 2013 (good luck), a cut in debt sovereign starting in 2012, and, most notably, a limitation on banker bonuses in the form a 90% bonus tax.

More headlines: Greek PM says will privatise companies not essential to the state, will proceed with state asset sales

Goodbye Greece