Greek PM, opposition leader reach deal

Greek Prime Minister George Papandreou and opposition leader Antonis Samaras have agreed on a new coalition government, the office of the country's president said on Sunday.

The Greeks still have to give up massive portions of their entitlements (retirement, medical, disability, welfare) in order to right their ship of state.

All indications are that they will refuse to do so.

They are demanding that Germany, France, and the rest of Europe pay their debts.

Greece will default.

Whether that takes down the Euro, and then scuttles an already sinking world economy remains to be seen, but the signs are ominous.

What’s happening in Greece is going to haunt we Americans. Guaranteed!

It’s as much the banks as the Greek people that are on the take, but since the bankers control the world , only the people will pay just as in the USA.

Let’s go back 2-3 years to the Icelanders, who were a responsible and frugal people who were undercut by the Iceland/European bankers that came out of nowhere but infiltrated their economy, just like they did in the USA with a bank on every corner. The bankers themselves profited enormously while people in Iceland, Europe and UK etc put their money in these private banks. The banks were profiting too fast to count it. Then it was discovered in 2008 that the banks investments and capital were a smoke screen and deposits were going to be lost because of the cancerous mortgage money and various derivatives and AIG insurance.

Of course the world bankers said that this can’t happen and it will threaten the world’s (yes corrupt!) financial system and that the Icelandic people must pay for the acts of the private banksters with a societal austerity. Unlike us in the USA and apparently the Greeks the Icelanders told the bankers and their politician to shove it and they were not going to accept the liabilities of private banks. (we should have done that in the USA). Other countries and probably our own Fed backed their banks with capital and that was the end of it.

What we needed across the globe was mass prosecutions and use of the DHS holding pens to contain the crooks. What we got was a continued burden on our currency and debt levels while the banksters are buying our public parks and assets with our money. Criminal behavior has never been punished.

The Greeks had a sovereign right to vote on this and the international banksters led by the NYC money people and IMF said no, and the same will inevitably happen to us.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.