By: TRACER

TRACER — Tue, 10 Jul 2012 11:40:42 +0000

After all that bank bailouts and Fend brief from Germany. Germany will never get the money back. One does not have to be an expert or German finance minister.
TARGET2 (Trans-European Automated Real-time Gross Settlement Express Transfer System) will walk in. That is as I understand all the German citizen will be pushed into compulsory credit that could be 10% to 20% of the real estate value whether one likes it or not, afford it or not to support and finance the country over spending. I hope and wish it’s all not true ????????? . A normal citizen of EU has no idea what is written in the EU policy which The government has agreed to.

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By: TRACER

TRACER — Tue, 10 Jul 2012 06:29:53 +0000

The best thing what Greece can do is leave EU, it is a money trap which Greece has fallen in.
Bailout is only for the banks and not for the Greek small industry or population. Bailout helps only miss management of the banks CEO’s. Since S&P is supported by the banks and insurance companies there for Greeks rating can go up and down according to the wish. There are no parameters for the rating setup. Greece has so much oil and gas which will be later taken away for free because the multinational companies will buy privatize state owned object or property very cheep for example Air Port, Sea Port, and railway, Post and so on. A country in general can not get bankrupt. The local tax payers will suffer for the entire miss happening.
Disagree champions should prove other wise. I have worked in and with bad banks right on the source and have good inside knowledge how things work.

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Comments on: Greece euro exit to hit Spain and Italy hardest

By: TRACER

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