Congratulations to the Greek people on making the right decision and rejecting the threats and blackmail of their pro austerity enemies. While there may well be difficult days ahead for Greece, it marks the beginning of the end of the nightmare that has gripped their country for the past several years... The EU is essentially a German superstate that has threatened and bullied little Greece into submission, cutting off the money supply a disgusting spectacle of arrogance but the people of Greece have said No and so too will the rest of Europe. The EU has divided and weakened Europe at a time when Europe faces up to the real threat of Islamic fundamentalism. The EU should be finished...
This will be interesting... the EZ promised Armageddon for Greece... but really it amounts to a disaster for the creditors. Greece under the Drachma will be back on its feet in 2 years time minus 300 billion they have managed to sucker the EZ for... but where will the EZ be having had to pay the losses, lost credibility at the IMF, as well as investors worldwide, still in deflation and having sustained the other countries on the edge of which there is a fair number beginning with more than half of European GDP (France, Italy and Spain) and a fair number of small ones?
I am looking forward to Monday's statements from Merkel et al. after the markets tank and people start thinking about the losses and the forced haircuts... plus the ones coming for Portugal for instance... not to mention Spain which has the highest added sovereign/company/private debt at 300%... or the fact that Greece is still in the EZ and EU and can make them struggle through the Courts and meetings using their veto... fun, fun fun... serves you right EUSSR commissars!
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