The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Saturday, 19 May 2012

Is The G8 Serious?

The G8's official communique today was straightforward enough, they want debt-stricken Greece to remain in the eurozone. No disenting voices, no doubts, no alternatives. Now that, if you think about it, is rather surprising. Surely at least one of them would look at the situation in Greece and conclude that its exit from the Euro is not only sensible but perhaps the only viable solution. Then there's the Greeks themselves who, we are informed, are almost unanimous in their view that they have to stay in the Euro. Why? Staying in the straighjacket of the Euro is bankrupting them and bringing their society to the edge of collapse. Think about this. If Greece was about to exit the Euro it would have to be a closely kept secret to avoid panic in the markets and in order to put predatory speculators off the scent. In addition there would have to be a long period of preparation just to print the necessary new currency for Greece. Is it just me, or can anyone else hear the distant sound of printing presses?

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