This happened because demand for foreign goods collapsed in the wake of 27.3% overall unemployment and a shockingly high 57.9% youth unemployment.
The Coming Greek Default
In spite of a current account surplus, Greece’s overall debt load is unsustainable.
Here are a couple of key details: Greece has €320 billion in sovereign debt. Greece’s debt-to-GDP ratio is 174%. Continue reading
Comments Off on Mish/Mike Shedlock – Prisoner’s Dilemma Game In Greece; Contagion-Spread Eurozone Breakup More Likely Now; How Will Greece NOT Pay Back €320 Billion? – 10 December 2013
Posted in Article, Links, reblog, Uncategorized
Tagged Alexis Tsipras, Angela Merkel, Antonis Samaras, Athens, Debt relief, European Central Bank, Greece, Syriza
A lot is dropped in my mailbox and some is instantly denied again or proven to be disinfo. I see a lot of people talking about debt-forgiveness what is not the same or equals NESARA or the Prosperity programs. I know a lot is confusion and is getting people’s hope up but read a bit about NESARA. Continue reading
Posted in Article, Links, my writings
Tagged 16 September, 2012, debt, Debt relief, lucas, NESARA, Prosperity Programs
Lucas 2012 Infos 