I swear, Greece has been in this position -- and holding -- for more than 5 years.
Posted on 04/15/2015 7:48:25 AM PDT by C19fan
The depth of Greece's financial woes have been laid bare as official figures showed the country has fallen further into the red following the election of its Leftist government. Greece's primary budget surplus, which excludes its debt interest payments, shrunk to just over €1bn during January and February, compared to €3.17bn over the same period in 2014, according to figures from the Ministry of Finance.
(Excerpt) Read more at telegraph.co.uk ...
They aren’t worried. They are counting on Germany to pay them a couple hundred billion in reparations any day now.
...an alliance of progressives and communists.....recipe for disaster.
I swear, Greece has been in this position -- and holding -- for more than 5 years.
Next step will be to sell islands to Russia and/or China to be used as military bases.
Soon to be followed by Greece becoming a communist satellite. A very poor one.
look at the source and remember Greece is a pawn in an economic war.
England has ALWAYS wanted the eu to fail. They stayed out of the currency in order to be the dominant currency when things fell apart.
Germany has used the Deuche mark to become the backbone of the “euro currency”. IOW they achieved with paper what failed with bullets.
UK media has and does always report the EU is falling.
Where's the downside?
Are these new reparations being paid in order to make amends for the failure of the last round of reparations to fix Greece’s financial crisis?
This is a british newspaper pumping up the british pound.
Wait a minute!
Do black holes even HAVE abysses?
They can’t be broke; they still have cheques.
Which will also pump up Greece's currency when they escape the EU. Nice stops for those Cunard cruise ships, good place to park some British military hardware in the Med.
Still out there riding in the wind, does Greece EVER have to come down and resume practical governance again? Conservative money management and fiscal responsibility seem to not be their strong point, but man, are they ever compassionate.
They are the closest thing there ever was to “making socialism work”.
Event horizons are the black hole equivalent.
“But since Syriza were elected in late January, tax revenues have collapsed and capital has fled the country’s banks”
Now, who could have possibly foretold that electing a socialistic government would cause capital to flee?
Germany is already trying to do this by having Greece sign over the mineral rights to German companies. (oil gas gold etc)
Like every three or four months we get these headlines about being close to dissolution or economic death. Hasn’t happened yet. The Germans always figure out how to kep Greece tied to the system.
it never did. You always had 6 or so families that were the dynasty class. (aka aristocrats) who were able to manipulate fortunes by controlling the government and currency.
They want the eu to fail so they can control again.
Supposedly, it sells papers. Or, in this century, clickthroughs.
” Eurozone creditors have insisted the government carries out further cuts to its wages and pensions, and raise cash through selling off its public assets.”
The creditors are want to squeeze blood out of a turnip - foggetaboutit!
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