Monday, September 19, 2011

Greece and the IMF

BBC News: Reports that the IMF has told Greece that it needs a more efficient way to collect taxes and there needs to be deeper public spending cuts. How much pain can Greece take to defend the Euro, at what point does the Greek Government care about the Greek people and not Germany and France, the Markets all over the world have been tanking due to the idea that Greece will default in the near future, well if its going to happen, then Greece might well take the punch and return to its previous currency, then it can control its destiny, then the bailouts that would have gone to Greece would be sent to cover banks with Greek debt, also ease Greece out of the Euro. Otherwise Greece is money Zombie, eating Euro funds, and it will not end well folks.

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