This is a real
avoidable Greek tragedy, and similar to money lending scams outlawed
in most countries .
How on earth did a
country borrow so much money, that towards the end it was even
borrowing money to pay its debt payments. Yes, Greece is now "in
arrears” with its payments and in true idiot style the IMF now
charge interest on the none payment making the debt worse.
The sly culprit is
of course Europe it self
The whole ethos of the
Euro monetary system was to get the economies of the Europe to
converge into one political state, but in effect with economies
running at different speeds the Euro has forced the countries further
apart than ever before and some to the brink of collapse
Smaller countries with
semi agricultural economies cannot keep up with the German industrial
powerhouse , Germany wont give away its money to balance the other
economies, it lends it at a cost and that cost is big, the only way
the Euro will succeed is if the strongest economy controls the lot,
for many a step to far
It would be like the UK
lending money to Scotland or Wales then asking them to pay it back?
Strange thing is even
when Mr Cameron says the UK is doing well, he forgets to tell you all
our former commonwealth countries are doing better than the UK
(OUTSIDE THE EU) in free trade zone.
Canada and Australia
are almost running a surplus economy, something the UK has not done
for years and is becoming even more doubtful with the news that
borrowing under the Conservatives continues to raise our
debt
Just how much of the UK's
borrowing goes to pay our EU membership fee?
The main heartening bit
of good news to come out of this is its taken a left wing Government
to work to the will of the people and Greece is holding a referendum
on the EU this weekend , the more astute will wonder why it
takes Britain another 2 years, but I'll leave that for another day.
One thing of note was
the queues of OAP 's trying to get money out of closed banks to buy
food, If other EU countries can watch idly by while Greek OAP's go
hungry inside the EU, it proves perfectly the EU puts political
ambition ahead of its people and is not the club our UK should be in
Blogger said
We wish the Greek
people well and we wait to see if Mr Cameron sends in humanitarian aid to help to Greece ?
