Friday, July 22, 2011

Greece Defaults = EU Review

Guardian: The left wing Guardian has the following editorial on the Greek Default, “ ..Greece cannot pay its bondholders back in full on time, and so must default;….enough to quell the panic….Probably not;…” but the papers thinks the EU is heading in the right direction with its new bailout for Greece. This is the problem folks, you have the politics and you have the real world, in the politics of the left and Europe, the defence of the Euro must be done at all costs, no matter about the d-m tax payer or that that Greece, Ireland and Portugal will never be able to pay back their debt, the EU has just spun to give it a few more weeks or months breathing space, the EU will be back in crisis mode within short time folks. Never trust pro European papers or Governments, they will sell you down the river and smile at you while they watch as the Euro burns.

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