The Greek crisis is a Euro crisis

The Greek crisis is a Euro crisis

The Greek crisis is a Euro crisis

http://europenews.dk/en/node/29993

Excerpts:

"A lot of attention has been paid to the economical crisis in Greece.
This is understandable, for Greece has broken important promises and
apparently committed fraud towards the other eurozone members.
However, the narrow focus on Greece clouds what really matters: This
is no mere Greek crisis, this is a crisis for the euro as such...

....The exact extent of fraud committed by Greece to appear euro-ready
is still uncertain, as new details are still emerging,...

.....Greece really needs a devaluation

....Now, since Greece no longer has a national currency, devaluation is
not an option....

....Greece does admit to extensive fraud in order to join it - but
opens a different front, in stating that Italy is even more
fraudelent...

...A prediction:
Since the other eurozone leaders are setting the rules, no credible
threat of kicking Greece from the euro will be made, not to mention
Italy. The expediency of lenience can be expected to dominate over
strict consequences, the money supply of the euro will be permitted to
expand, and the fundamental problems of competitiveness and mounting
tension will remain, all while the eurozone economies will continue to
falter.

There is a fundamental need for a return to market economy in the
financial markets. Won't happen anytime soon. Further centralization
of power in Brussels is a more likely outcome."

And both Greece and the European Union are dealing well with Greece's
problems. We have more than one state right here who are bankrupt,
same ole ****, different day.

GLOBALIST wrote:
And both Greece and the European Union are dealing well with Greece's
problems. We have more than one state right here who are bankrupt,
same ole ****, different day.


One normally decries all crossposting, however, you've committed
a further sin. You've added a.a.d-p. to your response which means
that we here do not know what the original message referred to
or on what newsgroup it was posted. 2 out of 10 - must do better
next time.

And you need to get a life