"Greece is determined to avoid another international bail-out even though it
faces a gaping hole in its public finances, the country's deputy prime minister
has said". May I suggest pollyfilla or Red Devil or a good quality expanding foam. If
none of this works then try Germany. Oh! BTW he takes up two seats when he is flying business class if he slimmed
down he could reduce the cost to the state by 50%. What he surely means is an "adjustment", as the EU likes to call it, the
latest of which, in November last year, involved the extension of the maturities
of the bilateral and EFSF loans by 15 years and a deferral of interest payments
of Greece on EFSF loans by 10 years. "Our demand is not debt relief. It is additional reprofiling without
problem, without additional burden for our institutional partners," he
added. "It is not possible to implement new fiscal measures. It is not
possible to impose new cuts on wages and pensions," he said. If that isn't a clear indication that Greece is in the wrong currency I don't
know what is. I think the Eurozone needs to get on with its "re-profiling"
because if Venizelos thinks there is a magic money tree that will allow him to
keep paying his public sector friends their guaranteed hard currency (Euro)
salaries he is in for a rude awakening. The Euro money tree is looking more
stressed by the day, and Greece will take another bail out because they have no
other option. If the Euro crisis is not dealt with meaningfully the Euro will crash. German hyperinflation awaits if this carries on, get your barrows
ready. Clearly Greece is still unable to repay their Eurozone Payday Loans on the
terms agreed. This is of course no problem whatsoever. It will no doubt be
rolled over further. The taxpayer will bear the cost and, let's be absolutely
clear here, that may well involve the UK taxpayer next time around, as part of
our EU budget may well be used in future EU bailouts!
Please remember to only apply for a Eurozone Payday Loan if you know you
can't afford to repay the amount borrowed.
Quite astonishing to think that anyone reading this would be gullible enough
to believe it. Whilst Greece remains in the € - it will need continuous bailouts from the
rest of the € zone. Eventually, it will require debt write off and the fools providing the
bailouts will then lose all their money.
The fools are the unwitting € zone taxpayers who don't fully realize (yet)
they have been stuck with this unrecoverable Greek debt - and with the rest of
the FPIGS debts too.
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Greek Party Leader Arrested
Greek police launched a crackdown on the country's far-right Golden Dawn party, arresting the party's chief and more than a dozen party members on charges of belonging to a criminal organization following a high-profile murder allegedly connected to a party member.
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