Saturday, August 25, 2012
Francois Hollande: In Greek Crisis, 'There's No Time To Lose'
What a disaster for Greece. The Greeks are going to see their assets sold off to the highest bidder. What a betrayal of their heritage. Greece should have bailed on the Euro and reverted to the Drachma. I have a sneaking suspicion that once the International Bankers strip Greece of its assets and distribute their islands amongst themselves as spoils of this economic war, Greece will be unceremoniously dumped from the Euro anyway and return to the Drachma in a far more diminished position. Then it will be Spain, Italy and Portugal's turn for the same treatment.
The only nation who got the response to this economic crisis right was Iceland.
The Greeks should have made a stand and bailed on the Euro when they had the chance, instead the figured they would stay in and try to find a way to leverage the situation to their benefit. They won't.
Read the Article at HuffingtonPost
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