Tuesday, November 29, 2011

Eurozone Finance Ministers OK $10.7 Billion Greek Loan

You are going to love this one!  The Associated Press reports that "Eurozone finance ministers have approved $10.7 billion bailout loan installment for Greece."  Now get this.  "The EU had demanded, and received, letters from the leaders of Greece's main political parties pledging support for tough austerity measures to get the loan."  How often have we heard this statement by Greece?  To be honest with you, I can not count that high!  And, where will the EU get the $10.7 billion?  Oh, it will simply print it, just like our Fed.  The game is just about up.  No one believes that the EU will survive.  Who are they really trying to fool?  I guess themselves.  Good luck with plan, but there is always the next plan.

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