I mentioned several weeks ago that the UK will end up bailing out Greece.
Well we will !
Even after all of the austerity packages the Greeks cannot cut the debts and here is why:
The Greeks do not pay anywhere the amount of tax due and they fiddle all the time.
VAT collected in the town Corinth in the past 6 months was Euro 18,000 !
There has been a number of payments gone to Greece but still they are no where near to sorting their problem out as this money has gone to pay salaries.
Threatening not to pay anymore seems to be against the fact that the EU leaders don't want Greece to default!
Unless Greece is forced to take tax payments they will NEVER sort their debt issues out. It's only common sense.
We all know they have to go bust. The politicians would not make traders, because they cannot cut their losses!
So where is the UK involved in the funding.
Well the EU leaders are creating Euro Bonds, which the Germans do not want.
So basically each EU member will have to buy a portion of these bonds.
Hang on a sec! doesn't the UK have a debt problem - Exactly, so it'S pass the the parcel time!
The yanks going to Poland to tell the Euro members to sort out their debts was a joke ! Don't they know they are worse than countries in the EU and are a spent force?
Siemens withdrew Eur 500 mio from a french bank in the past week, so this isn't good????
It'S also curious how Angela Merkel said that Greeces debt was Eur 500 Billion and yet the UK said at first it was under Eur 100 bln and this weekend the Sunday Times said it was Eur 328 bln. Can the UK people never get their facts right?
My guess is it'S now nearer to Eur 500-750 bln due to interests and other hidden works creeping out!
Well we will !
Even after all of the austerity packages the Greeks cannot cut the debts and here is why:
The Greeks do not pay anywhere the amount of tax due and they fiddle all the time.
VAT collected in the town Corinth in the past 6 months was Euro 18,000 !
There has been a number of payments gone to Greece but still they are no where near to sorting their problem out as this money has gone to pay salaries.
Threatening not to pay anymore seems to be against the fact that the EU leaders don't want Greece to default!
Unless Greece is forced to take tax payments they will NEVER sort their debt issues out. It's only common sense.
We all know they have to go bust. The politicians would not make traders, because they cannot cut their losses!
So where is the UK involved in the funding.
Well the EU leaders are creating Euro Bonds, which the Germans do not want.
So basically each EU member will have to buy a portion of these bonds.
Hang on a sec! doesn't the UK have a debt problem - Exactly, so it'S pass the the parcel time!
The yanks going to Poland to tell the Euro members to sort out their debts was a joke ! Don't they know they are worse than countries in the EU and are a spent force?
Siemens withdrew Eur 500 mio from a french bank in the past week, so this isn't good????
It'S also curious how Angela Merkel said that Greeces debt was Eur 500 Billion and yet the UK said at first it was under Eur 100 bln and this weekend the Sunday Times said it was Eur 328 bln. Can the UK people never get their facts right?
My guess is it'S now nearer to Eur 500-750 bln due to interests and other hidden works creeping out!
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