måndag 20 februari 2012

'Greece doomed, economy total farce & fiction!'

The Greek parliament has approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF in efforts to avoid devastating default. This comes amid violent riots against the vote in Athens. ­The lawmakers voted early Monday in favor of the bill that will cut 15,000 public-sector jobs and lower the minimum wage by 20 per cent. Patrick Young, from investment consultants, DV Advisors, says whatever happens in Greece, there's no saving it from a collapse that will be felt across Europe.

What's My Debt, Dad? 'Greece left to beg for pocket money'
Short of saving Greece from a financial abyss, investment advisor Patrick Young is one of those who thinks the country's supposed salvation at the hands of the EU will leave it more or less powerless.

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