“Greece – It’s all about bailing out French and German Banks… Ireland is waiting for an excuse to claim it was pushed.” (David Malone)


From David Malone – author of The Debt GenerationGreece; It’s all about bailing out French and German Banks:

When the Greek debt crisis first surfaced it could have been dealt with as a crisis in Greece. Granted Ireland was already insolvent, but neither Portugal nor Spain had yet been dragged as close to their own crisis as both now are. But that was then and nothing was done. We had two doors to chose from, an exit from debt over which was the inscription “It will hurt” and another with the inscription “Ignorance is bliss”.  Our leaders were advised by the banks to herd us through the second door. And here we are. In more debt than before, with rapidly shrinking economies, making paying off not only our own, public debts, but those of the private banks as well, less and less feasible with every passing month.

The problem today is worse than it was a year ago. So much worse that our financial overlords will not countenance any default.

The paymasters of the EU and the ECB, France and Germany, house the banks with the most to lose if Greece defaults…

Rumours in Ireland are that the government has already told the EU it is going to default sooner or later but doesn’t want to be seen as the villain. Ireland is waiting for an excuse to claim it was pushed…

Read more.

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This entry was posted in Bankers' Bailout, Budget, Civil Disobedience, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, Independence/Nationalism, ireland, Solutions and tagged , , , , , , . Bookmark the permalink.

One Response to “Greece – It’s all about bailing out French and German Banks… Ireland is waiting for an excuse to claim it was pushed.” (David Malone)

  1. Pingback: Germany owns Europe: during boom bankers went out way to get dirty, needed to go abroad to (Vanity Fair/Michael Lewis) | rebel-alliance.org

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