John Ward – Greek Scare-Tactics Continue As Berlin Remorselessly Plans A Future Fiscal Union Dominated By Wolfgang Schäuble – 31 May 2012

Schäuble’s outline plan for FU is a totalitarian accident waiting to happen

One man’s poison….

There was more Domesday scariness from the National Bank of Greece on Tuesday. If Greece exits the euro, its latest report suggested, the events would lead to a devaluation of the new currency by 65%,  a GDP nosediving by 22%, 34% unemployment, and income per capita nearly halving to 55%.

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