2011/06/16

Farooque Chowdhury: Greece Gyrates

Greece is now buying time as it gyrates on its debt axis. The Standard & Poor's have pushed Greece to the lowest levels in the world, lower than Ecuador, Jamaica, Pakistan and Granada. The Greek people are paying an extremely high price, as the "finance oligarchy" is putting the burden of the crisis on the working people, and the bankers are preparing to have even bigger chunks of public properties. The fear is that a formal default by Greece would widen and deepen the financial crisis. Citing Standard & Poor's, a Reuters report informs: Greece is now the lowest-rated country in the world. "The cost of insuring Greek debt is now almost twice as much as the price of insuring Pakistani bonds." The move is the latest blow for the country. Ratings of four Greek banks - National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, and Piraeus Bank will probably be downgraded as well. The capitalist European country with a socialist government was downgraded by the rating agency on June 13. Simultaneously, a warning was issued: "Any attempt to restructure the country's debt would be considered a default." A Greek default could trigger a widespread meltdown having "dire consequences" in the world banking system. The lower rating has been a massive blow against the Greek government!

1 comment:

Lucky Archer - Λάκης Βελώτρης said...

Athens Archbishop Christodoulos said we deserved 9/11 (ISBN 960-252-007-8). On the Thursday before Easter Greeks chant pogrom inciting Beatitudes against "godslaying lawless Jews"in Greek, but change it to "Assemby of Jews" in English. They removed American Archbishop Iakovos because he was too American and Jerusalem Patriarch Irineos because he was too friendly with Israelis. Old witches who used to work at diners until they dropped now slip "Elder Protocols" and other terror claptrap in the pews. When I was growing up priests, would bathe, shave, wear pants - Robed, bearded, stovetopped priest is terror sympathist by definition. Greece was only euronation not to vote for 1947 Israel creation. In such time of war, we should insist that any public assembly of more than ten mandatorily be only in English! These heathen necromantic iconolaters have the nerve to ban Psalm 150 organs? If the Greek government did an Enron with its own books, and Greeks Trojan Horse their Greek taxes, what makes you think they pay the IRS? They go to Greece annually to tend their undisclosed accounts on soviet Cyprus. Notice the soviet spy money laundered Metsos disappeared with Cyprus complicity? Did Illinois Giannoulias, Florida's Crist, California's Angelides and New York's Gianaris apply Greek budgeting techniques like Sarbanes Oxen? Greek Ponzi fourfold Eurodefecit boasts Trojan Horse Perfidy, Klephth Brigandage. Upset that industrious Albanians invaded their lazy, gungrabbing, babykilling homeland, the soviet-churched Greeks vindictively hire, house and promote illegals. As quakes render their homes disposable, Greeks are oblivious to the very concept of maintenance. Instead of blaming environmetalists for fires and socialists for deficits, jealousy driven soviet faith seeks scapegoats. Olympia Snowjob supports Obamacare and abortion because of her gangreen patriarch (Is Orthodox Christianity progressive? Michelle Boorstein Washington Post 11-4-09 Ecumenical Patriarch Bartholomew spoke about the spiritual imperative for nonviolence, universal health care and reducing consumption to help the environment.) Ancient Greeks reduced consumption to help the environment through infanticide and sodomy. Palamite Zealotes massacred Thessalonian aristocracy in preparation for Cantacuzene usurpation via hesychast hyperventilatory hallucination. This soviet socialism motivated Anatolian farmers to embrace Turks in the 1400s to avoid redistributative taxation and then for liberated mainlanders to migrate to Smyrna in the 1800s.