“Nothing is happening inside the Eurozone that favors growth.”
Will Greece’s new heroes of democracy fold and kowtow to the Troika’s demands, as every government has done since the Eurozone debt crisis began?
Overriding dilemma: “Debts that can’t be repaid, won’t be repaid.”
The ECB’s QE is fraudulent credit – really dangerous, toxic stuff.
French Megabank: the ECB is “a prisoner of financial markets’ expectations.”
Official secrecy, obfuscation, and deception rule.
Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.
“Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
The new Eurocratic elite is worried. Deep cracks are spreading.
Et tu, Finland?