Over the past week, the Greeks passed the framework for an austerity package which would cut 28.4 billion Euros over the next 5 years. They also will look to sell 50 billion Euros worth of public assets including water works, ports, public owned banks and the countries gambling operations.  On Saturday the EU passed the next tranche (12 billion Euros) of fresh money to the Greece which represents the 5th installment from the $110 billion Euro package passed in May 2010. 

There has…