Tag Archives: euro

Greece to nationalize banks, default on IMF loan

“Greece draws up drachma plans, prepares to miss IMF payment

‘We are a Left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer,’ says senior Greek official”

http://www.telegraph.co.uk/finance/economics/11513341/Greece-draws-up-drachma-plans-prepares-to-miss-IMF-payment.html

Finally, the dreaded Greek default. It will not be the cataclysm that it once would have been, but it has deep implications for the E.U. and the future of the Euro.

Don’t worry, everything is better in Tehran Europe. The whole Euro scheme isn’t teetering on the verge of collapse as IMF dollars are hastily imagined deposited into Europe’s hemorrhaging banks.

They are digging a hole so deep that if it collapses they will not dig out of it for 100 yrs.