Austerity….protests…..violence…..IMF loans….more austerity…..more cuts….more privatization…..more protests…. and the beat goes on…….but sports fans, will all this austerity and cuts and protests and…….will Greece be saved?
Not only will they NOT be saved but will still probably default……all that BS and they still cannot be saved…..
From BBC…….
“The announced EU programme… implies that the probability of a distressed exchange, and hence a default, on Greek government bonds is virtually 100%,” the agency said.
[…]”The support package for Greece also benefits all euro area sovereigns by containing the severe near-term contagion risk that would likely have followed a disorderly payment default or large haircut on existing Greek debt,”
Now my question is……with all the cuts and austerity….who will benefit the most if default is coming? I can tell you the big losers…..the Greek people….that is who!
You realize that this is FAR from over, right?
Well, THEY screwed up – so why should everyone else pick up the tab?
FIRST and most important message to EVERYONE: we are beginning to see the start of a whole new era – f*ck up, pay the price! Pity we didn’t take that attitude with the worlds bankers, we’d be over it by now and we could move onwards and upwards!
But what about the banksters…they f*cked up and we paid the price?
Exactly – and we, the people (all of us) are saying NO to a next time – attitudes are changing!
They seem to be changing….but I worry about the next election……we will see just what the people have learned from the games…….my bet is very little.