Thursday 18 June 2015

EUROZONE NOW PANICS AT PROBABLE "GREXIT" !


Tsipras clearly announced his intentions before he was elected to be Prime Minister on January 25, 2015. 

He wanted a substantial write down of the Greek Debts by the EUROZONE, to enable him and his Government to restructure the Greek Economy and to end the increasing austerity which Greeks had been facing for many years.  

Today the last of countless meetings ended without any agreement.  No debt reductions have ever been  proposed and now Greece has reached the point of "total bankruptcy" !   The economy is stagnant, there is high unemployment and prices are rising !

For "self preservation" Greeks have recently withdrawn Billions of Euros from their bank accounts in anticipation that this will not be possible tomorrow ! 

Panic has now struck the EUROZONE whose leaders have this evening, been convoked to an urgent meeting on Monday evening in Brussels.  Not only "Grexit" will be discussed, but probably also the fact that Tsipras is this evening already in St. Petersburg to join Putin  tomorrow at a meeting on "International Economics" ! 

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