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October 29, 2011 / 74

The Greek Financial Crisis – The Agreement?

I’ve been looking for concrete facts – what was agreed to? Under what conditions would the agreements be initiated? Is the talk of a 50% “haircut” for Greek sovereign bonds accurate? Or not?

But the euphoria and whoop-la that caused a US stock Market Rally seems to be yet another bubble. I’m finding nothing concrete that has actually been agreed to and inked and signed.

But I DID find this gem attributed to “Anonymous” in the New American

“The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title.”

;-D

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