Cave Graecos . . . .etc etc

Gifts? We should be so lucky. Today it’s Greek debt we should be frightened of.

The Greeks have a record of welshing on their debts going back a millennium.

The world was astonished by the incompetence with which the Greek economy was being run when, in the wake of the financial crisis, Greek Debt threatened to scupper the Euro.

And then a couple of weeks back they borrow $4 billion.
And not even at a particularly high rate of interest – 4.75%.

So what kind of idiot buys Greek Debt? Obviously someone who doesn’t care if it’s not repaid.

Someone who knows they’ll get bailed out if things go wrong.

Someone like a banker.

It’s seems they learn nothing and remember nothing.

We all know the bankers reckon they did nothing wrong in the run-up to 2008. It now seems that they’ve forgotten what they did in the run-up to 2008.

We’d feel less threatened by Greeks bearing begging bowls if the government guarantee underpinning investment banking was removed.

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1 Comment

  1. robtronic
    April 23, 2014 10:11

    Hear bloody hear bloody hear. But why don’t our media pick up this kind of story? Between the vapid newspapers and the toothless BBC we are encouraged to be nothing but sleepwalkers. What can express better that we are the lowest form of life on the mushroom farm.?

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