The Crisis In Europe Has Only Just Begun

[ljm2002]

3. Oh here we go again...

...funny how you always fail to mention Lloyd Blankfein, whose division at Goldman Sachs engineered the deception in the first place. And how you fail to mention that it was a conservative Greek government who engineered Greek's deception to gain entry to the EU.

You do not seem to grasp a basic tenet of finance, to wit: Any debt that CANNOT be paid, WILL NOT be paid. The IMF has already determined that Greek's debt CANNOT be paid. The austerity measures so far have decreased Greece's economy by 25% and have INCREASED the already unpayable debt, with untold suffering for the population, the vast majority of whom had nothing whatsoever to do with the original deception, but who are shouldering the burden nevertheless. So the current "solution" is to grant Greece another loan, all of which goes right into the coffers of the banks, NOT into programs to assist Greece and its people in any way; and which comes with strings attached, namely: more austerity measures guaranteed to decrease their economy even more, and selling off Greece's priceless heritage. This will result in more suffering by the Greek population, and the end result will be MORE debt, not less.

Yeah, that's the ticket.