Monday, June 27, 2011

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.

No comments: