Telegraph Live - Greece: Reports on the affect of a 2nd Greek bailout on the Greek debt, the 6.26pm post states the following, “ ..it was reported that the bail-out would only bring debt down to 129pc of GDP, far from the 120pc target. ” Thus folks Greece would still be in the toilet even after a proposed decade of austerity. It can be argued that Greece even with the austerity can not afford a debt of 129% of GDP, there has been talk out of EU than there will be a deal and Greece will get a bailout, if that happens it will show that EU leaders have lost their bottle. The Greeks will be back for more folks, and the next time the EU will just say NO, the Germans voter has gone beyond its limits, why should Germans voters bailout Greece who conned their way in to the Euro and have spent like drunken sailors for years. Time for tough medicine folks, Greece out of the Euro and for Greece to GROW UP.
Friday, February 17, 2012
The DEBT of Greece - Euro crisis
Telegraph Live - Greece: Reports on the affect of a 2nd Greek bailout on the Greek debt, the 6.26pm post states the following, “ ..it was reported that the bail-out would only bring debt down to 129pc of GDP, far from the 120pc target. ” Thus folks Greece would still be in the toilet even after a proposed decade of austerity. It can be argued that Greece even with the austerity can not afford a debt of 129% of GDP, there has been talk out of EU than there will be a deal and Greece will get a bailout, if that happens it will show that EU leaders have lost their bottle. The Greeks will be back for more folks, and the next time the EU will just say NO, the Germans voter has gone beyond its limits, why should Germans voters bailout Greece who conned their way in to the Euro and have spent like drunken sailors for years. Time for tough medicine folks, Greece out of the Euro and for Greece to GROW UP.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment