Thursday, June 16, 2011

Game UP ? - Greece

Guardian: Reports that the cost for Greece to lend on the money markets has gone up to 28%, the article states the following, “ Default, then, seems to be looming one way or another. ….The point of no return is fast approaching. ”. Lets recall folks that the first bailout of Greece came from the Western taxpayer via the EU and IMF, are the citizens of Germany, France and even the UK willing to put their hands in their pockets again for the lose spending Greek Government. Everything is political folks, sooner or later the local politicians are going to feel the electoral heat of these bailouts, time to cut bait and let Greece hang on its own, the cost is to high folks for another multi billion bailout.

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