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The implications of the Greek debt crisis
Published: 28 April, 2010, 17:14
Edited: 05 May, 2010, 19:36
Greece, Athens: Protesting firefighters light red flares in front of a police cordon blocking the entrance to the Greek Parliament in Athens on March 23, 2010.(AFP Photo / Louisa Gouliamaki)
(18.2Mb) embed videoTAGS: Markets, Currencies, Economy, Finance
With concern mounting the Greek debt crisis will become a contagion, RT Business spoke with Ben Aris, editor in chief of Business News Europe.
28.04.2010, 17:05
2 comments
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So Grece is replacing a mountain of debts with another mountain of debts and they call it saving the economy ? Secondly, to pay for the increase indebtiness of the rescue loan they cut wages, pension and all general benefit increasing all costs of the social services ! This , of course, will result in a massive reduction of the taxation income to the State ( less wages etc. less exenditure hence less sales hence less profit hence less income, vat etc. to the State ! ) So Greece will never, ever be able to pay debts or reduce indebtiness ?! Who is taking these decisions ? The new Pinocchios of Brussels ? Goodbye Grece. Snowhite
This is all a big SCAM . Bailout = payout for Goldman and FELON associates . Greece should go bankrupt so that the Euro falls to all time low and the rest of Europe crashes as well . ONLY then will the right questions be asked and governments be scrutinised why this happened and how some investment Brokers in the US can destroy the entire middle class by deregulating banking sector and then violating each and every one of us . It's a obvious SCAM on such a low level that i am shocked not to hear more about the people making the money right NOW ... I want to know who got filthy rich in the last year ... who ? put some names to the SCAM ! Every other channel is owned by the criminals trying to manipulate us so spread the word and ask the question why Greece should be the country to pay for this SCAM ! I say no let Greece go bankrupt and get out there and fight for your rights and miserable salaries that are taxed un-proportionately . European people have to stand up and make Taxes be payed proportional because anything else is FRAUD and we are being manipulated by left and right governments on a daily basis .
I was looking everhywere and this popped up like nothing!