German Cabinet Minister Calls For Greek Euro Exit !
- This financial rape is not just of Greece. It is also the financial rape of the German public. They are asked to fork out billions of Euros and when Greece defaults, they will lose it all. The solution that is best for the German public is to stop giving good money after bad money. For Greece, defaulting on its debts is the best solution for the people. The ‘bailout’ monies are all going to the Illuminist banksters! Not to the Greek public! So, take a leaf from Iceland, vote ‘HELL NO!’ and kick all the banksters out!
German cabinet minister calls for Greek euro exit !
By Richard Blackden, http://www.telegraph.co.uk/
Germany’s interior minister called for Greece to leave the eurozone on Saturday as hopes that the world’s richest countries would stump up more cash to help the International Monetary Fund (IMF) fight Europe’s debt crisis faded.
Becoming the first member of Germany’s cabinet to openly call for a Greek exit, Hans-Peter Friedrich told Der Spiegelmagazine that Greece’s chances of restoring its financial health would be greater outside the euro.
“I’m not saying that Greece should be thrown out but rather to create incentives that it can’t say ‘no’ to,” he added.
His comments came as eurozone leaders faced calls to increase their own efforts before any more money is made available from the IMF. Fresh from agreeing a second €130bn (£110bn) bail-out for Greece, there were hopes that this weekend’s gathering of G20 finance ministers in Mexico City would achieve a deal on how to ramp up the IMF’s own European war chest by as much as $600bn (£378bn).
UK Treasury officials made it clear that any new deal with the IMF was now likely to be delayed until meetings in April. Eurozone leaders have been negotiating with the US, China and Japan to contribute more to the IMF to build a “financial firewall” that would shield the likes of the Spanish and Italian economies from any intensification of the region’s crisis this year.
Despite fears in Washington, Tokyo and Beijing that Europe still poses a real threat to the wider global economic recovery, they want to see Europe take further steps first. America’s opposition is fiercest, with the White House making clear it won’t contribute more to the IMF. “What we don’t want to see is the IMF substitute – and it really cannot substitute – for a stronger European response,” US Treasury Secretary Tim Geithner said.
… for more click here!
Sorry, the comment form is closed at this time.