Monday, 26 September 2011

Is this the last gift we give to Greece?

News that the banks are effecting a controlled default of Greece's debts, with 50% of their debts being written off, shows that finally the Eurozone and the banks are beginning to accept what every one else knew - Greece is bankrupt. It was never going to trade out of the amount of debts it had.
Maybe now they will start creating a two tier Eurozone where only those with economies strong enough to stay in the Euro will be allowed to stay.
We need them to sort this mess out soon - as their mess is hindering our own economy getting back into shape.