Greece is in trouble because the entire global monetary system is turning to dust and will soon fall to the ground. You cannot borrow forever with no intention of paying anyone back. Greece will still need even more help possibly twice according to the ECB (European Central Bank):. Greece will need about €10-11 billion euros and that is if interest rates stay the same. There is no hope for the bond markets come the other side of 2015.75.
ECB Warns Greece May Need Two More Bail-Outs
Posted Sep 11, 2013 by Martin Armstrong |
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