Sunday, May 20, 2012

Greece and the Euro



Telegraph: Reports that the G8 has called for Greece to remain in the Euro but for it to keep to its agreements.

Lets Get Real:

The above in a way is a threat to Greece, toe the line as to your agreement or your out, the political leaders might stress growth but only Germany has the money to bailout Greece and the rest of the PIIGS, and the German tax payer has had enough of its lose spending EU allies. Thus since the May election in Greece the Greeks banks have seen billions taken out by people afraid that their saving will be cut over night should Greece return to its original currency. The question that has to be asked can Greece get to June 17 and its General Election before the Greeks banks go under, will the EU/IMF/ECB bailout the Greek banks before the June election. If not Greece will be carried out of the Euro by events not the political process. Its down to Greek voters folks, they have to decide, austerity or OUT of the Euro. The fate of Greece and the Euro could be settled by the June election in Greece.


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