Greek Banking Collapse ?

Daily Mail: Reports that Greeks have withdraw 1.4 billion euros from their banks over the last two days.

Lets Get Real:

It can be argued that Greece does not have in till June 17th to decide its fate, at this rate the Greek banking system will need a separate bailout just to keep it going, the good people of Greece are not fools, they might not want to see the truth, that they have only two choices, thus this move to take their money out, either to hide under the bed because they want hard currency or out of the Country. If Greece chooses to leave the Euro, a lot of people are going to get hurt folks, lot of old people with pensions, those in the public sector, even less jobs for young people. In fact there is a chance that the Military could take over in Greece it would not be the first time, they could do a deal with Russia, could Greece even leave NATO, and in return Russia bails out Greece, or even China folks, they have the cash. When a Country is on the floor folks nothing is out as a solution, troubling days and weeks ahead for Greece and the EU folks.

Euro Breakup and PM Cameron

Guardian: Reports on the following comments by the Coalition PM David Cameron, the PM " appeared to cast doubt on the future of the euro during prime minister's questions ".

Lets Get Real:

Folks every EU Government has a plan in case the Euro goes belly up, one can be sure that the UK has plans to make sure there are no runs on UK Banks with the Greek debt, also those Banks holding Greek debt or UK Banks with links with EU banks with the Greek debt will have been told to have a firewall in place should Greece go out fast. In many ways its a matter of waiting folks, the 2nd Greek Election is on June 17th, thus its waiting in till the Greek voters make up their minds what they want, in our out of the Euro, if in they have to follow the agreed austerity plan, if not they are out. The EU cant spin folks, it has to tell the Greek voter the truth, the harsh truth, they are not getting that from their own politicians. It can be argued that PM Cameron is telling the truth, that's new in modern politics, the question that has to be asked does the EU voter want the truth or spin, that is the question folks.

UK Unemployment Down

Telegraph Live - Debt Crisis: Reports that between January and March of 2012, UK unemployment fell by forty five thousand and the rate fell from 8.3% to 8.2%.

Lets Get Real:

This is good news for the Coalition Government folks, lets hope this is a trend, this would really blow Labour out of the water if UK unemployment was falling while the of Europe has seen massive increases, the Labour Party has been very quiet about this, the story does not fit their spin, just spend more. They should have learned from a former Labour PM Harold Wilson, the former PM stated that a week is a long time in politics, if this blog was Ed Miliband he would not think yet he had a lock on No 10, its a long road to 2015 folks.

G Day - June 17th

BBC News: Reports that Greece will hold a 2nd General Election on 17th of June.

Lets Get Real:

Thus folks the 17th in Greece Day, the day Greeks decide their future, in our out of the Euro. The Greek people should be under no illusion, if they vote for Political Parties that will not support the austerity deal then they are out of the Euro, also they not expect much help if this happens, the EU has spent billions on Greece and if Greece stabs EU in the back they will face a cold future. The Greek banking system is seeing a run on its banks NOW, as of the last election as noted my previous post over seven hundred million euros have been taken out of Greek banks, and it can be assumed sent outside Greece. Thus the Greek banking system will be on the floor, the Greek State will not have the money to pay its public sector, there will be civic disorder, people will starve, YES folks it will be that bad for Greece if it says No to the EU. Think carefully Greece, there will be no going back after this vote.

Obama's Rewriting of History - Narcissism Run Wild

The New York Times: Reports the following on Obama's rewriting of history, " the White House Web site that connect past presidents’ achievements to President Obama’s initiatives.. ".

Lets Get Real:

This level of rewriting of history has not been seen since the Soviet period, one has to be great full that Obama even thinks that past Presidents matter, someone before Obama, this shows what happens when you give a President a Noble Peace Prize for doing nothing, and is told by his fawning press that he is fantastic, sorry to tell the press but kissing Obama's backside does him no favours, the Oval is a very close bubble folks, the last think a US President needs a fawning staff that thinks he is close to divinity, he is not, a press that thinks he is best African - American that has ever walked the earth, he is not, if we are giving out those kind of awards that would go to Dr King. Also he is not the most cleverest man in the room, his Afghan mess shows he would be suited for post in the UK Foreign Office in the early 19th Century, they also did not understand Afghanistan. Lets hope the Oval has the grace to revise its web site, does Obama want to lose in November.