Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

EU Given Six Weeks To Protect Itself Against ‘Inevitable Greek Default’!

September 26, 2011 by mosesman
6 weeks to Armageddon?
  • Behind the scenes, Eurozone governments are preparing for a Greek default ! I do not believe that it can be contained because the Illuminists will intentionally attack the Eurozone and bring down the system. Are you prepared for the coming global economic, financial and monetary meltdown? Got physical gold/silver yet? They are looking awfully cheap and deeply oversold. Silver it appears is running out of stock! The bullion banksters can manipulate the paper silver and gold prices lower all they want. But they cannot deliver physical goods. They have created a wonderful gift of exceptionally low prices! What are you waiting for? (emphasis mine)
    –
    EU given six weeks to protect itself against ‘inevitable Greek default’
    Heather Stewart and Larry Elliott, http://www.guardiannews.com/uk-home
    IMF tells eurozone EFSF may need to be boosted five-fold to £1.7tn to convince markets that default could be contained
    –
    European Union governments will spend the next six weeks building a financial firewall to protect their fragile banking systems against what is now seen as an inevitable Greek default.
    –
    G20 sources said that up to 50% was likely to be wiped from the face value of Greece‘s €350bn debt – but not until Europe had put into place a war chest to prevent the contagion spreading.
    –
    More money will be disbursed by the International Monetary Fund and the EU next month to keep the Greek government afloat, but this is seen as a short-term fix while Europe’s leaders beef up the eurozone bailout fund, the European Financial Stability Facility.
    –
    Europe came under ferocious pressure at this weekend’s IMF meeting in Washington to contain the spiralling crisis, which is blamed for dragging the global economy to the brink of a double-dip recession. The IMF is reportedly willing to continue bailing out Greece in the short-term, provided that Europe uses the time to tackle the issue of debt once and for all. The Washington-based lender believes the 18-month delay since Greece was first bailed out last spring has exacerbated the crisis.
    –
    Tim Geithner, the US treasury secretary, said: “The threat of cascading default, bank runs and catastrophic risk must be taken off the table, otherwise it will undermine all other efforts, both within Europe and globally. “Decisions as to how to conclusively address the region’s problems cannot wait until the crisis gets more severe.”
    –
    Officials attending this weekend’s meetings suggested that the EFSF may have to be boosted to up to £1.7 trillion, almost five times its current size, to convince markets that it could contain the destabilising impact of a Greek default. Instead of European governments being forced to pour in cash up front, Geithner and others are calling for the EFSF to be allowed to underpin the operations of the ECB, by guaranteeing to bear part of any losses it is forced to take on sovereign bonds. That could massively boost the ECB’s buying power and help it to damp down the crisis in the event of a Greek default.
    –
    The US and Britain believe that Europe needs to deploy massive firepower to prevent a domino effect from Greece bringing down the other vulnerable members of the eurozone such as Portugal, Italy and Spain. However, ministers are reluctant to admit publicly that a Greek default is inevitable. George Osborne said in Washington: “No one here has put forward a plan for that; Greece has got a programme and needs to implement it.”
    –
    … for the full article click here!

end

Post navigation

Previous Post:

World Bank Chief: ‘World is in a Danger Zone’!

Next Post:

Meltdown Fears For Euro As G20 Makes Plans For Athens To Default on Debt!

Pages

  • About

Recent Posts

  • Franklin Graham Reacts to Biden Omitting ‘God’ from National Day of Prayer
  • Israel-US to Simulate Strike on Iran; Turkey Rejects Sweden-Finland NATO’ Bid TV7 Israel News 18.05
  • WHO Tries To Form World Government and Geraldo Rivera Is Exposed
  • Good Morning America Admits Vwac-xine Boosters Destroy Your Immune System
  • City Mayors Working Directly With U.N. as U.S. Government Surrenders Authority to the W.H.O.
  • The Great Reset | Google Co-Founder “Eternal Life? In 10 Years We Have an Implant In Our Brains?”
  • Bill Gates And World Health Organization Drafting A Global Pandemic Treaty Is Nothing Less Than Bringing In The Government That Antichrist Will Require?
  • Third of Global Population Killed in Next War Cycle – Charles Nenner
  • Orbán Warns West is Subjecting Itself to “Suicide Waves” of Decline
  • Situation Update, May 17, 2022: America Will Soon Become an ACTIVE WAR ZONE With Radiological Attacks
  • Fully VWAXCED YOUNG ADULTS Are 92% More LIKELY TO DIE than UNVWAXCED YOUNG ADULTS (Daily-Expose)
  • UN-WHO PLANDEMIC TREATY (Sen. Malcolm AU; Dr. Tess Laurie UK) Forced Jabxbing; Detention Camps +
  • Key NIH Research Executive Received 70 Secret Royalty Payments; Colleague Got 7
  • The American Journal: “Twitter Does Not Believe in Free Speech,” Says Senior Engineer – FULL SHOW – 05/17/2022
  • Russian Ops in Ukraine: Advances in Donbas, Ukraine Surrenders at Azovstal
  • Investigation Launched After ‘Mystery’ Surge in Deaths of Newborn Babies
  • Pandemic Treaty Will Crush Sovereignty: Elected World Governments Prepare For Global Enslavement
  • A Currency Apocalypse Courtesy of the Old Lady of Threadneedle Street.
  • Mortality Among White Collar Workers Jumped 24 Percent Between 2020 And 2021, Life Insurance Data Show
  • Azov Battalion SURRENDERS in Mariupol

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
September 2011
M T W T F S S
« Aug   Oct »
 1234
567891011
12131415161718
19202122232425
2627282930  
© 2022 Socio-Economics History Blog | WordPress Theme by Superbthemes