Greece is ‘Likely To Need Third Bail-Out’!

• The 2nd bailout has barely started and we are already talking about a 3rd bailout. These so-called bailouts are a con job. Greece has not been bailed out or saved. It is the banksters which have been bailed out. It is about saving the Illuminist banks while shoving the bill down the throat of the Greek sheeple!
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  Greece is ‘likely to need third bail-out’! 
  By Emily Gosden, http://www.telegraph.co.uk/ 
  A third bail-out for Greece cannot be ruled out, a senior European Central Bank (ECB) official said, as the country’s troika of lenders prepared to rubber-stamp its €130bn (£109bn) second financial rescue.
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  Greece concluded a complex debt restructuring with private sector creditors on Friday, leading to the declaration of a “credit event” that will trigger about €3.5bn of credit default insurance payouts. There were doubts over the exact impact of the credit default swaps, as Austria said it would need to inject up to €1bn into a state-owned bank as a result.
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  Even as ECB policymaker Ewald Nowotny hailed Greece’s debt restructuring a “clear success”, he today admitted a third aid package was a possibility. “You have to see this very realistically,” he said. “It would be negligent to rule such a thing out completely but I don’t see any need for this at the moment.”
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  Alastair Winter, chief economist at Daniel Stewart & Co, said he was certain a third bail-out would ultimately be needed. “I don’t see how they can possibly return to the capital markets in 2015,” he said.
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  … for more click here!

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