Monday, October 8, 2012

Merkel to Spend 6 Hours in Greece

German Chancellor Angela Merkel will tell Greeks she wants to keep their country in the euro when she visits Athens this week, but she faces a hostile reception.

About 6,000 policemen will be deployed in the capital for her 6-hour visit, turning the city center into a no-go zone for protest marches planned by labor unions and opposition parties.

Merkel's visit is a sign of Germany's support for the coalition government of Prime Minister Antonis Samaras. The bailouts will continue. The German people will be treated like suckers, with German money being sent over to Greece, Spain, Italy, Cyprus and, eventually, France. But, then Germany will need money, who will bailout them?


  1. At this point, I don't see any real risk of a Greek default, or default by the PIIGS. Either the Germans will give more money, or the ECB will print up the necessary Euros. This in turn will to a 1970's style stagflation scenario which the market has yet to account for.

  2. Can't these leaders have video conferences? Quit wasting money on flying and police.

  3. If the Euro falls significantly as a result of the money printing, then it's still a default. The politicians may call it something else, but when you stiff your creditors, its still a default.