Wednesday, May 23, 2012

German Bundesbank and Greece


Telegraph Live - Greece: Reports in its 11.45am post of a warning from the German version of the Bank of England, the Bundersbank to Greece, the post notes the following, " ..it is putting any future financial aid at risk by failing to elect a government which promises to stick to the bailout terms. ".

Lets Get Real:

The Germans folks are not going to pay for the election promises of the French or the Greeks. This is a brutal warning, either elect a Government that the Germans want or your on your OWN. It is about time that someone from the EU leadership was this plain. The last such comments got the UK PM David Cameron in hot water, but such comments show leadership, its telling the voter the hard truth, no spin, just the harsh fact of reality. The German Basic Law, the German Constitution states that Germany can not take on the debts of others, the Germans recall the disaster that was the Weimar Germany and the raise of Hitler. Thus Greece has a brutal choice, IN or OUT, no discussions, no revised agreement, tough austerity or Greece is out of the Euro. Is Athens sleeping walking over a cliff, or have the Greek people lost the plot so much they cant tell what is real any more, lets see what June 17th bring folks.

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