Tuesday, January 27, 2015

“I know not what the future holds, but I know who holds the future.” -Homer

 Will the gods bless or punish Greece?

The Greeks, finally, have decided to dust off the Trojan horse and pull it into the city, where the Troika (Berlin, Brussels, IMF) stand in their luxurious garments lecturing the Greek ministry on how to run a country. They have lavished the Greeks with so much wealth and Ouzo to get them to join and stay in the Euroclub that the Greeks are in a no-lose position. It is either debt forgiveness or default, if they go back to the Drachma. A huge hit for the ECB and anyone else that holds Greek debt, but just a clean new slate for Greece. A land where their majority of income is tourism, and would make them the cheapest destination in all of Europe.  Their economy may not flourish immediately, but would certainly not be devastated. Greek banks would also default, so there would be no debts left to pay and there is always someone ready to take a chance at the very beginning in funding the next Greek Ponzi scheme.

Odysseus is alive and well!


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.