B-DAY (Prenounced “Bidet”)- One Year Ago: Bloomberg – “Ireland, Greece May Leave Euro, Standard Bank Says”

Let’s do the Scooby Doo flashback: one year ago this week, scandalmongers on Bloomberg dared to suggest this sacrilege:

Greece and Ireland are among countries in an “intolerable” economic situation, which may lead to bailouts or even an exit from the euro area by the end of next year, according to Standard Bank Plc. The absence of a mechanism to permit so-called fiscal transfers within the 16-nation region may undermine the exchange-rate system…

Bailouts! Never happen! Never! Read more “uninformed comment” here. Ah, but sure, lads, who could have seen this coming though?

This entry was posted in Accountability, Bankers' Bailout, Euro / Sovereign Money and tagged , , , . Bookmark the permalink.

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