Monday, June 27, 2011

Greece Defaults = Blog Call

Guardian: Reports on a French Plan for private debt holders in essence to write off Greek Debt, the article states the following, “ ….whether private creditors could agree to roll over some Greek debt. …credit rating agencies could still choose to view the plan as….a "credit event". Folks you would still have the same problem, the Euro does not work for Greece, the private debt holders should say a BIG NO, to any write off of Greek debt, this is a plan of spinning economics, the Greek economy needs to get out of the Euro, as long as it is tied to Germany and France it is always going to lose, you have bigger and efficient economies and then you have the turkey that is Greece, its broke, Greece has defaulted, the Eurozone Government are spinning a lie folks, if your in the market sell your Greek debt, otherwise be ready to lose YOUR SHIRT or your BONUS.

Greece in the Eye of the Storm = EURO

Telegraph: Reports that the Greek Defence Minister, Panos Beglitis has stated if the Parliament in Athens does not pass the austerity package then Greece faces a catastrophe. This is emotional blackmail of the first order folks, Greece will not fall apart if the Greek Parliament rejects the demands of the EU/IMF, the Sun will come up the following day, the only losers would be the Greek Government and the banks for France and Germany. If the Parliament in Athens does pass the package its cutting the throat of the Greece to get out of this mess, no real thinking person thinks that Greece will not default, Greece will be back for a third bail out next year, Greece is a busted flush folks, the only people who think Greece should remain in the Euro is France and Germany, and that is to protect their banks, not for the benefit of Greece. Time for the Greek MPs to stand up for Greece or dishonour the Greek name by voting for this package.

Arrest Gaddafi = ICC

BBC News: Reports that the International Criminal Court has issued a warrant for the arrest of Colonel Gaddafi on charges of crimes against humanity. Well folks, the Mad Dog has two choices NOW, either win the fight against NATO or leave Libya. The Allies of UK, US and France cant be seen to do a deal with suspected war criminal, thus the Allies have only one aim, the removal of Gaddafi either through his fleeing or Gaddafi dead, either through NATO bombing or taken out by his own side. It can be argued that former Labour PM Tony Blair must really wish he had not visited Gaddafi in Libya, with Iraq and Libya one has to really question the judgement of Blair when it comes to International Affairs.