Submitted by Tyler Durden on 02/24/2012 21:55 -0500
default
Germany
Greece
Greenlight
headlines
Reality
Reuters
No. No way.
If we have to go through one more year of endlessly repetitive and utterly worthless European bullshit, rumors, headlines, and other subterfuge whose only point is to extend and pretend the fact that Europe is utterly broke, just so the effete Greek citizens can pretend they give a rat's ass about their independence, when in reality they will gladly pay 80% of their salary to keep European banks solvent simply to retain the illusion that their retirement funds are still worth more than diddly squat, we are done.
Reuters has the story that needs no commentary:
The head of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said on Friday he could not rule out that Greece may need a third bailout.
Asked in a television interview if he could be sure Greece would not need a third bailout, Juncker said: "You cannot really exclude that, although we should not have as a starting assumption that a third program will be (needed)."
"We made it clear last Tuesday in Brussels that we are standing ready to support Greece even beyond the time period of this program but I have good reasons to believe that we should now not engage ourselves in a debate on a 'maybe' third program. We should now ... implement the second one," he said, interviewed by David Frost on Al Jazeera.
Asked about some experts' view that a Greek default is inevitable, Juncker said: "I don't see that Greece would go for a default."
Why of course not: since nobody in Greece has the balls to say enough, why should the broke European banks, whose LTRO lifeline incidentally is ending, stop sucking the last remaining drops of blood from the Greek debt slaves? If we were in their shoes we would do precisely the same thing until the bitter end. And frankly,
http://www.zerohedge.com/news/juncker-greece-may-need-third-bailout?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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