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Strategies & Market Trends : The coming US dollar crisis
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To: Giordano Bruno who wrote (38708)5/28/2011 6:35:21 PM
From: ggersh  Read Replies (1) of 71477
 
This was known awhile ago, Greece had to
get into the Euro, it is doomed to failure.

"It had worked before. In 2001, just after Greece was admitted to Europe’s monetary union, Goldman helped the government quietly borrow billions, people familiar with the transaction said. That deal, hidden from public view because it was treated as a currency trade rather than a loan, helped Athens to meet Europe’s deficit rules while continuing to spend beyond its means."
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