Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

"Deny All Rumors" Is Almunia Lying About No Greek Bailout?

Courtesy of Tyler Durden

European Union Economic and Monetary Affairs Commissioner Joaquin Almunia speaks to Bloomberg, and says "Greece will not default. In the euro area, default does not exist. There is no bailout problems." Too bad crooked budgets and associated deficits can not be funded with hopes, dreams and bureaucratic pragmatism.

Almunia snaps and asks the reporter not to create rumors about bailouts. Too late – at this point the rumor is that Greece will not be in need of saving, presumably as soon as next week. "We have no Plan B – Plan A is on the the table, it is fiscal adjustment." Yeah, cause that worked so well the last few years Greece was feeding the EU budgets that only now are becoming obvious were complete shams. Almunia also points out the recent bond issue – too bad those who bought these are already looking at a substantial capital loss in less than a few days. 

 

 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!