Greece and small dead animals.

by | May 3, 2010 | Economic Intrigue, Housekeeping, Wasp likes these

small dead animals‘ being a new blog I found today which I rather like (now added to the blogroll) – their opinion on Greece as an introduction :

Greece Saved!

Those who thought Greece’s problem was that they didn’t have enough debt can rejoice! They’ve generously agreed accept a 120 billion Euro “rescue package”. This should work about as well as IMF involvement in Argentina in the 1990s, after which they concluded:
The IMF should refrain from entering or maintaining a program relationship with a member country when there is no immediate balance of payments need and there are serious political obstacles to needed policy adjustment or structural reform.
Greece hasn’t even begun to balance their budget and they show no inclination to accept the changes really needed. If Greece can’t face their current debt why would anyone think pushing the problem down the road three years and making it bigger would be a solution? Madness.

Much as every sensible person seems to be thinking except for the EU and IMF who are probably of the same opinion in private but are doing it for the sake of appearance and NWO shenanigans.

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