While the UK papers underplay the Greek debt by saying the first tranche was about € 100 bln and now another €110 billion, In fact the German newspapers are already quoting €350 billion.
So even with the latest funding mentioned there is still a shortfall of €140 billion!
There is no way Greece can get out of this.
Even with Greece defaulting this will mean everyone is hit including the U.S. with Letter of Credit debt etc.
The IMF will take an enormous hit as will the European Central Bank.
So we may just as well get it out of the way.
What plans are under way to make a bankrupt country, liquid again?
How will people get paid.
Will we return to bartering?
So even with the latest funding mentioned there is still a shortfall of €140 billion!
There is no way Greece can get out of this.
Even with Greece defaulting this will mean everyone is hit including the U.S. with Letter of Credit debt etc.
The IMF will take an enormous hit as will the European Central Bank.
So we may just as well get it out of the way.
What plans are under way to make a bankrupt country, liquid again?
How will people get paid.
Will we return to bartering?
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