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To: tflabo

I hate to say it but I agree with Soros, Greece should never been part of the Euro. I am not sure if he also meant the EU.


6 posted on 06/30/2015 7:28:23 PM PDT by Maine Mariner
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To: Maine Mariner

RE: Greece should never been part of the Euro.

For that Goldman Sachs shares part of the blame.

In 1999, They helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country’s already bloated deficit.

Eventually, you cannot escape what’s coming to you.

Just as the USA will not escape what’s coming to her. It’s only a matter of time.


9 posted on 06/30/2015 7:31:42 PM PDT by SeekAndFind
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