The ECB/IMF should never have bought all the bad loans of the lenders for Greece.
These people are apparently experts in finance and one would think risk minimisation.
Now their bad debts have defaulted. What is new about that , most financial institutions have bad debt write offs. I think they are trying to make bank debt public debt in an attempt to control Greece. That is what imo the EU experiment was about to unite every country in the EU under one government, the German government and the ECB, one currency and the only bank that can print that currency is the ECB, controlled by Germany.
Hungary refused IMF loans and they are doing much better.
Iceland defaulted and they are doing much better.
Austria has a petition now to leave the EU, over 200,00 signed.
Britain will soon be talking about leaving the EU.
Greece has already done a 2billion usd deal with Greece to build a gas pipeline directly into Greece to service the EU. Russia is stumping up all the money.
Talk about Greece never having access to international money is just ridiculous imo.
I cant see Russia giving up the Greek opportunity personally.
