Posted on 05/13/2010 9:06:14 PM PDT by blam
Deutsche Bank CEO Says What Everyone Knows But No One Will Say: Greece Is Toast
Henry Blodget
May. 13, 2010, 10:16 PM
The straight-talk express, Greece edition...
From Calculated Risk:
"Ob Griechenland über die Zeit wirklich in der Lage ist, diese Leistungskraft aufzubringen, das wage ich zu bezweifeln" Deutsche Bank CEO Josef Ackermann, May 13, 2010
Translation: "Whether Greece - over time – is really in a position to raise its [economic] performance [to repay its debt], I doubt it"
[snip]
(Excerpt) Read more at businessinsider.com ...
Did my part...bought a gyro at a Greek restaurant.
“Did my part...bought a gyro at a Greek restaurant.”
I watched Zorba the Greek on Netflix. Zorba was a lousy businessman too.
And we are buttering up the toast with US dollars. Which will fall on the carpet, butter side down, no doubt.
Btt
Germany will have to raise it’s retirement age to 70 so that the Greeks can retire at 55 with full pensions.
Ah, collectivism.
So much fun, food and free time...for a little while.
watch Mecouri in “never on sunday”.....that’s pretty Greek
Just pull a Greek on them: 'I'll pay you in installments, honestly. Just give me the restaurant and $2 million and wait for me to pay you back'
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