Monday, February 06, 2012

Greece CLOSE to DEFAULT ?


Guardian: Reports the following on the Greek political crisis, “ ..Greece might finally be heading for the disorderly default international creditors, lead by Germany in the EU, have tried to avert. ”. The local Greek politicians don’t want their fingerprints on any more austerity for Greece, any Party or Party leader that’s sings the demands of the troika of EU/IMF/ECB could find himself/herself out of a job at the forthcoming elections in Greece. Lets get real here folks, the Troika don’t trust the Greek Government to follow through with any austerity package, the Greek Government has promised reform, but that has stalled, Greece has suffered years of austerity and the people of Greece have had enough, it could be argued that any more austerity forced on Athens could lead to mass street protests and violence, also it plays in to the extreme Parties in Greece, also one should not forget that of late there have been rumours of Military Coup in Greece. The only thing that will save Greece is for it default, and restart its economy, otherwise the present Greek Crisis could send Greece in to social turmoil and spell the end of the Euro.

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