Fears Grow Over Greek Debt Default Despite Bail-Out!

Source: http://www.greece-map.info/

• Greek bailout? What bailout? There is no bailout! We are being lied to. More debts are being piled upon existing debts to build an even bigger problem. Eventually, the Illuminist banksters will force Greece to sell their national assets, land, buildings, public roads…etc. at a dirt cheap fire price. This is all a SCAM ! It is the conquest of the nation-state via fraudulent finance!
   
  Fears grow over Greek debt default despite bail-out
  By Philip Aldrick, The Telegraph UK
  Fears that Greece will default on its debts soared on Thursday as the German finance minister admitted that a restructuring may be needed, despite last year’s €110bn (£97bn) bail-out.
   
  Investors’ flight from Greek government debt left 10-year bond yields at a new euro lifetime high of over 13pc and yields on two-year bonds at over 18pc, after Wolfgang Schaeuble said “additional steps” could be necessary if the European Central Bank concludes that the country’s burden is unsustainable.
   
  Greece is implementing spending cuts but concerns have mounted in recent days because tax revenues have disappointed as the austerity programme squeezes the economy.
   
  Although it can tap the rescue package backed by Europe and the International Monetary Fund as the Mediterranean nation’s debts come up for refinancing, traders reckon Greece will be unable to escape its vast borrowings. Market caution means it now costs €1.1m to insure €10m Greek debt for five years.
   
  Although Greece is not expected to default officially on the principal amount, holders of its debt may agree to reduce the interest rate and lengthen the terms of the loans. The effect would be largely similar to a default, as the value of the debt would fall.
   
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