Greece is now a “dead man walking”

I have always said that Greece will not depart until the money spigot is turned off. Therefore Greece will hang around as long as she can but the moment is coming and coming soon when Germany and the rest will say that since Greece is not keeping its part of the bargain that it cannot play any longer in the sand box. They may demand repatriation through the Bank for International Settlements. They may try and keep the Greek assets pledged at the ECB as an offset to the sovereign and municipal debt which will never get paid back but it will not just be consequences but carnage when this point is reached as even the ECB itself will have to be recapitalized by the other nations in Europe as the Greek default overwhelms its equity capital. The Greek banks, one way or another, are history and their debt will only be useful as certificates to be hung on some office walls as a reminder of lessons that should have been learned and were not. Greece is now a “dead man walking” and the execution chamber is primed and ready. The only remaining questions, really, are who is going to flip the switch and at what time. [bron]

2 thoughts on “Greece is now a “dead man walking”

  1. Our minister of finance: mister “De Jager” makes us believe (the Dutch people)
    “That we’ll get the money back” …… because the majority of the Dutch
    believes also in…………. Sinterklaas

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