Thursday, July 21, 2011

It is that simple… if u motivate the nature of the Greek plan with the dangers the Greek situation poses to the euro and the EU as a whole  and in the mean time u specify that whatsoever u won’t do anything similar for anybody else u indicate that in case another country in a situation similar to Greece posing the same threats u won’t take the necessary steps to heal the situation, therefore the logical conclusion of that is should any more trouble come up, it will be then the end of the euro adventure at least under the form known today all the parties agreeing that there is no will or political support for any other bailout within the EU.

Pathetic…

Ask the guy why if the motivation to reduce the interest rate on the Greek debt is the contagion threat, how the hell nothing comparable would be done for any other country should the threat be just the same?

Does he mean that in case any other country of the eurozone showing the same signs of a possible contagion, they have decided to let the euro die?

Will post u the numbers but whatever the plan is doesn’t change the debt gdp ratio 160 %, u can reduce the rate and renegociate the term, doesn’t modify the ratio….