Sunday, March 06, 2011

Smelling bankruptcy in Greece.

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 comment:

  1. 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 an instinctive blaming of everyone else in the world for its blatant shortcomings and deficiencies in basic civilized behaviour. The Greeks cannot even collect their own garbage. It even brings into question to what extent, flags and anthems aside, Greece is a real country at all. It seems to fail even by minimal Balkan standards.

    Greece is on the verge of financial, political and moral collapse and no one is to blame but the Greek people and the politicians which spring from them and which represent and mirror them in every way.

    The Greeks have shown themselves incapable of governing their country, of living decently in it and of caring for it. They have degraded themselves immeasurably in the eyes of the world and have become no more than a punch-line for derisive jokes.

    I have wept for Greece for the last time in my life.


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