Saturday, May 28, 2011

Inspectors Say Greece Missed All Fiscal Targets

Well, the Greeks are taking bankster austerity plans seriously.

Greece has missed all fiscal targets agreed under its bailout plan, a mission from an international inspection team found, putting further funding for Athens at risk, according to the German magazine, Spiegel, reports Reuters.

Greece will likely go into default at some point. It is going to be near impossible for politicos in Euro countries like Germany to support sending more bailout money to Greece, when the Greeks can't significantly slow government spending. German Chancellor Angela Merkel is likely under extreme pressure from banksters to keep the money flowing, but it is political suicide if she continues to do so.

1 comment:

  1. has any one done a piece on the derivatives exposure of a greek default??? please provide LINK!