GREECE FACES DEFAULT AND GREXIT IN WEEKS


*TSIPRAS COULD LOSE POWER FOLLOWING LATEST CREDITOR DEMANDS

*GREECE HEADS FOR DEFAULT AND GREXIT IN WEEKS

*LARISA POLICE AND STATE PROSECUTORS MAY SOON  CEASE TO RECEIVE THEIR SALARIES SHOULD STATE GO BANKRUPT

Greece’s Prime Minister Alexis Tsipras and Angela Merkel had a 20 minute emergency phone call after creditors insisted on even tougher austerity measures and reforms in return for financial support.

http://www.focus.de/finanzen/news/staatsverschuldung/griechenland-krise-langes-telefonat-tsipras-fordert-hilfe-von-merkel_id_5452009.html

http://www.bild.de/politik/ausland/alexis-tsipras/pumpt-merkel-an-45453124.bild.html

https://www.washingtonpost.com/news/wonk/wp/2016/04/20/the-crazy-reason-we-might-be-facing-a-huge-crisis-in-greece-again/

With Merkel weakened due to her role in the engineered migrant crisis, it may well be that we are about to see the exit of Tsipras or Tsexit. Tsipras has no majority in parliament for the existing austerity measures let alone additional ones.

He is now pinning his hopes on good Eurostat figures, and no doubt, he has good connections to the statistics body.

But if creditors are not impressed, Greece faces a default on its debt as early as June July, and an exit the euro zone (the “Grexit”).

As usual, Tsipras has made no plans for how to deal with a catastrophic default inside the eurozone or a switch to the Drachma without any preparation, which could result high inflation and a pretty worthless currency.

Anyway, Larisa state prosecutors and police officers might soon find themselves not paid for their valuable services or paid in a worthless currency. What a shame!

Offshore bank accounts are also not be as secure as they used to be.

Personally, I look forward to a relaxing summer waiting for my appeals, trials and prosecutions to go through in accordance with the law. I plan to devote some time to writing and generally unwinding after a busy year going back and forth to courts and police stations in Larisa.

Default and Grexit or no default and Grexit, the days when  the Greek government and justice and police officials could indulge in all pervasive corruption and pursue their own narrow interests without any consideration for the law and for others are over.  They have helped bankrupt their own country through their corruption and ruin its reputation abroad, something which will hit business and maybe even tourism.  They will have to change their ways if they want a future.

 

 

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