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"This fits into the narrative of trying to postpone the day of reckoning for a few years. My instinctive feeling is that it won’t be enough."

MARK THOMAS, BUSINESS STRATEGY CONSULTING, PA CONSULTING GROUP

Scepticism remains despite bail-out fund

Richard Milne and David Oakley
Financial Times
15 March 2011

Mark Thomas, business strategy specialist at PA Consulting Group, has been quoted in an article in the Financial Times' Companies & Markets section. Mark gives his views on a deal agreed by eurozone's bail-out fund.

Mark says: "This fits into the narrative of trying to postpone the day of reckoning for a few years. My instinctive feeling is that it won’t be enough."

Mark goes on to comment that the deal, which reduces the interest rate paid by Greece and lengthens its loans, is viewed as easing the harsh effects of Greece's May rescue package: "The original bail-out didn’t look like a sustainable position."

You can read the article in full here.


For more information on PA’s advice about your business being fit for the future, please click here.

   
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