Telegraph Live - Euro: Reports the following on Greece in its 11.50am post, " ..not receive its next bail-out tranche until September at the earliest.....bonds totalling €3.1bn will mature on August 20....The delay means Athens could be forced to raise money on the debt markets to repay them - at a very high cost. ".
Lets Get Real:
In other words folks the Greek people are being hung out to dry, they have voted for austerity and Germany has had enough, it can be postulated that the Troika will state that Greece has failed to meet its agreements with the Euro when it comes to austerity, thus Greece is in breach, the Germans will be happy, they want Greece out of the Euro. The recent Greek election is in way went the wrong way for Germany, a pro austerity Government was formed but it has not meed the the benchmarks of the EU deal. The Greeks are a open wound, they just want more and more money, and the the German taxpayer has to worry about about Spain and Italy. Thus Greece is a goner folks, its a dead man walking, its just the Athens Government does not know its extinct.
No comments:
Post a Comment