EU Commissioner for Greece Horst Reichenbach told Austria’s Passauer Neue Presse newspaper this morning, “I am optimistic as never before about Greece”.
When asked why, he replied:
“The segment in the finance ministry which is responsible for pensions has greatly improved.”
As a result of this, it may well be that Greece can now monetise its pensioners by leveraging them several times, and offering them a new life as a credit derivative obligation. It is a miracle. Greece is saved. Continue reading