Tuesday, February 14, 2012

The EU and Greece


BBC News: Reports a EU meeting on Greece has been cancelled due to the fact that Greece has not given firm assurances on its Austerity plan in the view of the EU. Folks lets be real here, and honest, the EU does not trust Greece for one minute, it does not want to give them the 145 billion Euro bailout and find out that Greece comes back for more, and Greece will come back for more, there is a General Election in Greece in April, what happens if a new government disowns the agreement between the EU and the previous Government. Or worse a far right Government takes over and defaults anyway, this would mean that the EU would have thrown 145 billion Euros down the toilet. The EU is hoping that Greece will do Greece and the EU a favour and walk away from the Euro, otherwise Greece will back again with its begging bowl against for more billions, it will never end folks.

No comments: