Thursday, April 22, 2010

The Greece Plan Roadshow

Don't worry folks, what is happening to Greece will be coming to a Country and/or State near you within time.

German Stocks Fall as Greece Leads Jump in Euro-Region Deficit

The European Union said Greece’s deficit was 13.6 percent last year, higher than the government’s April 7 forecast of 12.9 percent, and could top 14 percent of gross domestic product as “off-market swaps” cloud its estimates. Ireland overtook Greece as the EU nation with the largest shortfall, which was revised up to 14.3 percent.

Greece holds all the cards, and if you don't like the cards they hold wait till you see Portugal, Spain, and Italy's cards. The amount of new credit being generated is not enough to sustain the system, therefore the system must continue to collapse.

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