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Friday, 9 March 2012

Greece confirms debt swap deal success

A big "well done!" to the Greek unelected Government, their Banks, the European Central Bank, Angela Merkel and the German government, the IMF the Eurozone financiers and not least of all the speculators who have made another killing out of the last few days panic to secure "the deal". Now, they can look forward to the next Greek crisis requiring yet another "bail out" when they make some more money. The Greek people on the other hand, will be faced with further reductions in their minimum wage, cuts in the public sector, even higher unemployment, increased taxation, higher contributions to pensions, reduction in pension payments, and restrictions in every sector of public services. No prizes for guessing who got the best of the "deal". (Again)