Showing posts with label Eurozone. Show all posts
Showing posts with label Eurozone. Show all posts
Tuesday, July 14, 2015
3 Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap
Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone.
But as you will see below, this is not true at all. Yesterday, when I wrote that “there never was going to be any deal“, I was not exaggerating.
This “deal” was not drafted with the intention of “saving Greece”. As I explained in my previous article, these negotiations were all about setting up Greece for eviction from the euro.
You see, the truth is that Greece desperately wants to stay in the euro, but Germany (and allies such as Finland) want Greece out.
Since Germany can’t simply order Greece to leave the euro, they need some sort of legal framework which will make it possible, and that is what this new “deal” provides.
More http://bit.ly/1M7Kj3u
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Labels:
Economic Crisis,
Eurozone,
Germany,
Greece,
Politics
Wednesday, April 22, 2015
Greece’s Pivot Toward Russia And China And What This Means For Gold
Today one of the top money managers in the world spoke with King World News about Greece’s pivot toward Russia and China and what this means for the gold market.
Stephen Leeb: “What is happening in Greece is much more than meets the eye. People focus on the monetary implications and whether or not the eurozone will fall apart if Greece leaves, etc….
“The monetary consequences of Greece leaving the euro will be a mess but they are manageable. But there is a major threat to the West in general. Greece has been very actively talking to both China and Russia.
Greece Sees Its Future Lies With Russia And China
More http://bit.ly/1OfoDEC
'via Blog this'
Today one of the top money managers in the world spoke with King World News about Greece’s pivot toward Russia and China and what this means for the gold market.
Stephen Leeb: “What is happening in Greece is much more than meets the eye. People focus on the monetary implications and whether or not the eurozone will fall apart if Greece leaves, etc….
“The monetary consequences of Greece leaving the euro will be a mess but they are manageable. But there is a major threat to the West in general. Greece has been very actively talking to both China and Russia.
Greece Sees Its Future Lies With Russia And China
More http://bit.ly/1OfoDEC
'via Blog this'
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