Article

2011-06-20 Europe

Greek PM warns against 'catastrophic' default

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Posted by Fred 2011-06-20 00:00|| || Front Page|| [5 views ] Top

#1 See also WAFF > [YouTube] CIA FEARS COUP IN ATHENS | US INTEL CHIEFS DO NOT RULE OUT MARTIAL LAW IN GREECE.

and

* VARIOUS > IMF CHIEF: GREECE DEFAULT THREATENS STABILITY OF EU [EuroZone], GLOBAL ECONOMY.

HMMMM, HMMMMM, iff China decides to use its $$$ surplus to prop up the ailing US + EU, what will it demand in return, espec as per Asia-Pacific Milbases???

Posted by JosephMendiola 2011-06-20 00:22|| 2011-06-20 00:22|| Front Page Top

#2 One economist's opinion: "If all else fails, lower your standards."

Posted by Anguper Hupomosing9418 2011-06-20 11:57|| 2011-06-20 11:57|| Front Page Top

#3 Jerry Pournelle emphasizes the key issue with Greece, and with US: Of course no one questions the sanity or morality of those who loaned Greece that much money, or the people who got rich on commissions pushing those loans; but then that could be said of California's debts, too. All kinds of people got rich on California bond sales commissions as we raised $3 billion for Stem Cell Research (at a cost of $6 billion!) for which we have, so far, got nothing, and for which, I suspect, we will never get anything. All kinds of people get rich rolling California's debts around. They got rich losing a good half of the money put into the California pensions funds...

Posted by Anguper Hupomosing9418 2011-06-20 12:26|| 2011-06-20 12:26|| Front Page Top

#4 I've always said. The main problem is this.

There's TOO MUCH debt.

Posted by Bright Pebbles 2011-06-20 12:56|| 2011-06-20 12:56|| Front Page Top

#5 TPTB have too much energy invested in the European Union to allow it to fail. Greece will be kept in, no matter what it takes. Austerity measures will be imposed upon it, so that the Greeks have no future except poverty and emigration.
As the song Hotel California says; "you check out any time you like but you can never leave"

Posted by tipper 2011-06-20 14:03|| 2011-06-20 14:03|| Front Page Top

#6 There's TOO MUCH debt.

No BP you silly, it's the rent, THE DAMN RENT IS TOO HIGH.

Send money or a voucher, kthxbai.

Posted by Goldies Every Damn Where 2011-06-20 17:32|| 2011-06-20 17:32|| Front Page Top

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