German media: "The Greece exit is a done deal"
Thursday, May 24, 2012
Thursday, 24 May 2012
From Zero Hedge:
Did France, Italy, and Greece think they are the only ones who can float strawmen in the media? No. Once again, Germany shows us how it is done. From Deutsche Wirtschafts Nachricthen:
The Greece-exit is a done deal: According to the German economic news from financial circles EU and the ECB have abandoned the motherland of democracy as a euro member. The reason is, interestingly, not in the upcoming elections - these are basically become irrelevant. The EU has finally realized that the Greeks have not met any agreements and will not continue not to meet them. A banker: "We helped with the Toika. The help of the troika was tied to conditions. Greece has fulfilled none of the conditions, and has been for months now."
So more posturing? Or is Germany truly just so sick and tired of bailing out not just Greece (which pockets between 0% and 20% of any actual bailout cash), and indirectly French banks, which as of this moment are the biggest pass thru beneficiaries, and of course the ECB with its tens of billions in old par GGB holdings, that this article is, gasp, founded in reality?
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