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Thursday, February 23, 2012

Greek bailout update 2/23/11

We stated the other day that the G-20 meeting in Mexico may present itself as the first sincere and major impediment to all the corrupt leaders and bankers pushing the 2nd Greek bailout through.

A&G has made no secret we hope it fails and Greece defaults...

Bankers, financials and investors Must finally feel economic pain... Its been 40 months since Lehman Bros collapsed and all the economic powers of the world, mainly the US, did everything humanly possible (create $ out of thin air and give to evil banks) to protect them...  It Must end at some point.

Here's more optimism that outcome will come about:

"Germany's ruling parties are to introduce a resolution in parliament blocking any further boost to the EU’s bail-out machinery, vastly complicating Greece’s rescue package and risking a major clash with the International Monetary Fund... The IMF has hinted it may cut its share of Greece’s €130bn (£110bn) package and warned that its members will not commit $500bn (£318bn) more in funds to ringfence Italy and Spain unless Europe beefs up its rescue scheme.  " -- Telegraph UK

We've been burned so often on this issue..  The baddies always pull something out of thin air (or their asses) and 'win'... But at least as of today, it looks more promising of a Greek default than 4 days ago...