EU: Greek Defiance on Debt Would Be 'Suicidal' | WHAT REALLY HAPPENED

EU: Greek Defiance on Debt Would Be 'Suicidal'

A refusal by Greece to repay bailout debts would be "suicidal" for the country, the European Union's top finance official said Monday in a clear warning to the country's popular opposition.

EU Finance Commissioner Pierre Moscovici made the remarks after a three-hour meeting with conservative Prime Minister Antonis Samaras.

"The idea of contemplating the possibility not to reimburse a huge debt is suicidal ? it's not possible, you'll be in default and that's what we've been trying to avoid for years," Moscovici said.

Moscovici's two-day visit went ahead despite stalled negotiations between Greece and bailout creditors, and took place ahead of a parliamentary vote that could topple Greece's pro-bailout government this month.

Webmaster's Commentary: 

A memo to EU Finance Commissioner Moscovici: it sure as heck was NOT suicidal when Iceland did it. They repudiated their odious debt, threw the politicians and the banksters responsible for creating their financial mess into prison, and their economy is doing quite well, thank you very much!!

I frankly think it is a GRAND model, sir, and one that the Greeks might well think about emulating.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA