By John Farnam
Ft Collins, CO –-(Ammoland.com)- On the European situation, from a friend and student who lives there and works in their System:
“Greeks have now spoken. Sixty-one percent of Greek voters said ‘no’ to the last proposal of anxious creditors: IMF, European Commission, and ECB (European Central Bank)
The Greek Central Bank, which has been literally kept alive by constant injections of money by increasingly uncomfortable creditors, is already begging the ECB to raise the cash-ceiling for its ‘allowance.’
Angela Merkel (Germany) will meet with François Hollande (France), and the ECB, to decide if they will keep defaulting Greece on a money-drip.
Socialist Greek Prime Minister Tsipras is now performing a cynical Pontius Pilate imitation, literally washing his hands. When things go south, he will blame the Greek electorate for the choices they made, which presumptively includes electing him!
The big question is: will Greece exit (voluntarily or involuntarily) the Euro Area?
Greece stubbornly refuses to even begin to pay its bills. Other European countries (ie: us other European citizens) will have to pick-up their tab, or Greece is unceremoniously jettisoned from our System and becomes a wretched, poverty-stricken orphan!
In ancient …read more