«

»

Feb 22

Fearless Prediction: On March 20, Greece Will Default

by bill bard

 

On March 20, Greece has to come up with €14.3 billion—or else it will be bankrupt.

Of course, Greece doesn’t have €14.3 billion—that’s why the Troika of the IMF, the EC and the ECB are trying to hammer out a deal to bail them out again: A bailout to the tune of €136 billion. They’ve had marathon-length negotiating sessions, one “crucial emergency meeting” after another—hell, they even called the Pope to send them a case of holy water and a truckload of wooden stakes. I’m serious!

Last Monday, a deal seemed to have emerged: That’s what the announcement sounded like. In fact, it looked so much like a done deal—it was spun so decisively as a done deal—that I was all set to write something snarky like, Greece Takes It Greek Style: “Thank You Troika, May I Have Another” Bailout On Its Way. (What can I say: I’m a vulgar bastard.)

But then . . . then we all started looking at the fine print of the deal. And that’s when everyone who follows this stuff started to realize that the deal wasn’t a deal—merely the illusion of a deal.

[Read more...]

Bill Bard says:

It’s bound to happen, now we have a date !!!

Related posts:

  1. Nightmare vision for Europe as EU chief warns ‘democracy could disappear’ in Greece, Spain and Portugal
  2. Greece: Riots, Revolution and Default? Will America Follow?
  3. The Financial Collapse Of Greece: The Canary In The Coal Mine For The Global Economy?
  4. The Greek Government’s Betrayal of Greece to the Foreign Occupational Forces of the Troika
  5. Austerity Riots Rage as Greece Faces Debt Default
  6. Ack! They Are Actually Going To Let Greece Default!