Wellllll..... to be complete in our information, we have to realize that there’s two sides to the ability of Greece to demand bailouts.
On the one side (the most public one) are the Greeks, with their outlandish deficit spending and the criminal lengths to which their political leadership went to hide this debt - by use of SIV’s from Goldman Sachs.
On the other side is France and the French bureaucrats, who have this idiotic ideal of a “united states of Europe” to challenge the US on economic and world affairs. It is the French who insisted that Germany pay up to bail out Greece (mostly because French banks are so absurdly exposed to Greek paper), and it is the French who are peddling the “Euro ideal” harder than anyone. The Germans were mostly drug into this charlie-foxtrot by the French and their own bankers. The common man in Germany has been more than willing to throw Greece out of the Euro/EU from the get-go. Matter of fact, many German financial people were against allowing Greece into the Euro in the first place...
Oh absolutely correct. Sarkosy has big plans with his Mediterranian Group...which I understand, now, the EU is no longer opposing as they were before. As you know, Gadaffi and Mubarack wouldn't play in Sarkosy's game and we know how that turned out.
People say France is weak...but they are fools to Underestimate Sarkosy and his agenda... and the means he'll go to to carry it out. He's one manipulative SOB and doesn't hide it....but he'll smile the whole time.