Thursday, January 19, 2012

The heads are coming off…and the wheels too

and a curious tidbit on the DJ Newswire:
Greece wants the European Union to delay a planned oil embargo on Iran for up to eight months to give Athens time to secure new sources of crude for its crisis-hit economy...Greece, now stumbling through a fifth year of a grinding recession, sources about 50% of its oil imports from Iran. The reason: Iran is the only country to provide Greece with oil on unlimited credit--up from 30% two years ago.
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