Saturday, January 28, 2012
EU To Impose Dictatorship On Greece
Bloomberg reports that European policy makers are discussing plans to directly intervene in Greek budget decisions as the country struggles to cut its deficit.
Under the proposals, European institutions would have powers to implement austerity measures agreed under the terms of Greece’s bailout agreements.
This will not go down well with the Greek people.
In fact the Greek government have told the German government to fuck off wrt this proposal. This rejection means that Greece will not get its second bailout and will default.