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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.38

+2.7%

Nov 10 4:00 PM EST

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To: 2MAR$ who wrote (92779)

7/23/2012 4:04:04 AM

From: Maurice Winn

1 Recommendation Read Replies (2) of 217670

Greece doesn't need rescue. The creditors are the people wanting to be rescued. Greeks have not got a problem. Government employees, government pensioners and others bludging on the citizens' funds have got a problem too. But actual regular productive Greeks do not.

<
German Vice Chancellor skeptical that Greece can be rescued, Bloomberg says
As the troika of creditors are about meet to assess Greece's progress in meeting its bailout targets, the German Vice Chancellor Philipp Roesler said he is "very skeptical" Greece can be rescued and that the concept of the country leaving the European monetary union "has long lost its terror," says Bloomberg Businessweek.
>

If Greeks want to, they can stay in the euro monetary union by the simple expedient of accepting euros when people spend money there, such as hordes of Germans going on holiday there to experience actual summer. If they want to use euro, no problem. Or US$, or yuan, or yen, or the mighty $kiwi.

Mqurice

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