After 2 day strikes Greece suddenly turned even more attention to the country’s situation as German politics have made negative statements about the state of its economy. The statements were not quoted, yet the major tone was such as Greece might have to leave EU due to unsatisfactory positions of the country and default is definitely and option in a near future. Angela Merkel, turned down both statements, yet markets have already reacted with a decline. For once, Germany is rated to have the strongest economy in Europe, secondly it is a known fact that the only reason Greece is not defaulting at the moment is a massive bulk of international loans that keep the country on the float. The European Commission said
Monday that Greece was still not meeting its targets. Through August, Greece's budget deficit was 18.1 billion euros, or $24.7 billion. It has already exceeded the full-year target of 17.1 billion euros, or $23.3 billion. Greece says its finances will improve as tax hikes and spending cuts take effect.

On Friday, the surprise resignation of a top official of the European Central Bank fueled fears that leaders are at odds over how to solve the Greek crisis. Analysts suspected the official, Juergen Stark, left because he opposes the bank's plan to buy government bonds. The program is designed to keep the debt crisis from enveloping Italy and Spain but could expose the bank to losses on the bonds.

UAIndex