Sunday, July 17, 2011
Greek PM knows game is up for Greece. Game is also up for the rest of EU. Time to change the game.
Greece's Prime Minister said "...I've been continuously reiterating to our partners that we must collectively take brave decisions, not just for the future of Greece but of Europe as a whole. It is time for Europe to wake up." Papandreou said that several of the options that he had suggested and were rejected a year and a half ago, such as buying back debt, issuing common euro zone bonds and keeping credit rating agencies in check, were now on Europe's negotiating table." PM knows that it's not just Greece, but also the rest of the EU that is bankrupt. And if Europe can't keep those pesky ratings agencies in check, they'll ruin EVERYHTING. And we must 'buy back debt': what a great oxymoron - we are in debt therefore have no money, so we will 'buy back that debt' (with what exactly?)