Posted on 11/01/2011 2:23:42 PM PDT by copland1980
Prime Minister George Papandreou will press forward with a referendum on the European Union's financing package and will win a vote of confidence, reports Bloomberg.
"We’re not retreating and we haven’t retreated...
http://www.breakingeconomics.com/2011/11/papandreou-will-press-on-with.html
(Excerpt) Read more at breakingeconomics.com ...
The Greeks will vote to continue sponging off the Germans. It will be a landslide. And it will be the end of the Euro.
Wie viel Reichsmarks haben Sie?
I don't know. I think the Greeks will vote down the proposal. It won't be a landslide. And it will be the end of the Euro.
Greece already defaulted a long time ago. The others in the EMU just offered to repudiate half of the debt for Greece and give Greece a huge sum of money in return for Greek “austerity measures” (spending cuts, yes, but also more tax hikes in socialist countries of southern Europe).
The Greek government won’t make it to the referendum.
What was the EU thinking in letting Greece into the EU??? You would of thought they would of...
1. Checked their books
2. Researched their tax structure
3. Researched their business climate/infrastructure
4. Audited their social welfare system/attitudes
Apparently not. Now they’ll pay big time.
Even a blind man would realized that Greece was a no-go. They had no business in the EU.
If Greece doesn’t turn into Mad Max, they’ll end up like Argentina: Assimilate all pensions and sell off all tangible assets to outside corporations.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.