Blog Smelling bankruptcy in Greece.

Smelling bankruptcy in Greece.

Posted by Author on in Blog 49

In March 24-25 summit, Eurozone will be finish

Since the well-known Monetary Liberal policy shock therapy from IMF/EU, failed,
Germany is negative to the lending capacity of the European Financial Stability Facility,
as also is negative to improve the terms( cutting rates on bailout loans) of the rescue loans that have been provided not only to Greece but also and in Ireland,
it seems that Greek goverment is nearly to declare bankruptcy,
as the deadlock becomes more visible, society will awaken from the shock and tension will grow. Let’s hope that when the time comes, the government will keep away from anti-democratic practices. In fact, the memorandum appears to be the safest way to bankruptcy is FINISHED.
Thomas Friedman in 1996 commented that:  there are two superpowers in the world today in my  opinion. There's the United States and there's Moody's Bond Rating Service. The United States can destroy you by dropping bombs, and Moody's can destroy you by downgrading your bonds. And believe me, it's not clear sometimes who's more powerful.
After Greece, the Ireland, Portugal and Spain wiil be the next victims of the new World Leaders that call Standard & Poors, Moody's and Fitch Ratings.
These are my feellings.

  1. Alfred di Genis
    Lamentably, what "the memorandum" has exposed is the total bankruptcy of Greek social and political institutions and the failure of a national character which consists of boundless greed, a tireless energy to destroy, demolish, efface and even murder, and
    March 11, 2011