Guardian: Reports the following on the Greek Crisis, “ Greek insiders confirmed that the possibility of bankruptcy loomed larger than at any other time. ”. In essence folks the troika of the EU/IMF/ECB don’t trust the Greeks to follow through with its reforms, the EU itself is getting to the point that its throwing good billions down the toilet, past reforms by the Greek Government have not been followed through, the Greek political system is stalling, the people don’t way to pay new taxes. Thus folks its 50/50 that Greece will default, this has been going on for to long, it’s a Greek tragedy that will end badly for Greece.
Sunday, February 05, 2012
Greek Default ?
Guardian: Reports the following on the Greek Crisis, “ Greek insiders confirmed that the possibility of bankruptcy loomed larger than at any other time. ”. In essence folks the troika of the EU/IMF/ECB don’t trust the Greeks to follow through with its reforms, the EU itself is getting to the point that its throwing good billions down the toilet, past reforms by the Greek Government have not been followed through, the Greek political system is stalling, the people don’t way to pay new taxes. Thus folks its 50/50 that Greece will default, this has been going on for to long, it’s a Greek tragedy that will end badly for Greece.
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