Monday, June 20, 2011

Blackmailing the Greeks = Bailout by EU/IMF

BBC News: Reports that the EU has delayed sending a 10 billion pound bailout from the 1st bailout of Greece in till the Greek Parliament passes even tougher austerity measures. At what point does the Greek Government just give up, it cant pay back the 340 billion euros it owes in debt, therefore its broke. Any more bailouts will make the situation in Greece worse, if a person is on drugs, do you give them more, or do they go cold turkey. Greece needs to go cold turkey, its needs to get out of the Euro, default on its debts and restart Greece, there should be bailouts to help Greece should it default, as Greece would not be able to borrow from the money markets. The EU/IMF could then bailout the banks that have been hit by the Greek default, otherwise its flushing good money down the toilet, because the Greeks will come for a 3rd bailout folks, that is a promise.

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