Wednesday, January 04, 2012

Greece and the Eurozone


Telegraph: Reports that Greece has stated that it will crash out of the Eurozone if it does not get the planned 130 billion Euros bailout. The Greeks are holding a gun at the temple of the EU, this blog has lost count of the number of bailouts Greece has had, it is still not enough, even with the extreme austerity package over years Greece will still have 120% of debt when compared to all the assets of Greece. The Greeks need to get out of the Euro, for their own health and that of the Euro and the EU. The EU cant bailout Greece forever, the Greeks don’t want the austerity but they want to stay in the Euro, something has to give, the Greek Government should decide over one weekend, to close the borders, secure the banking system, close down the bank dispensers and return to its native currency, then the EU can help Greece, as Greece would have been blackballed by the Markets, otherwise its just good money down the toilet, the Greeks did give the West Democracy, its needs a chance to get itself back on its feet, otherwise the Classic Greeks would disown modern Greece.

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