Russian President Medvedev to visit Greece.
The surprising announcement, quoted in this posting's headline above, is attributed to Greece Finance Minister Evangelos Venizelos in a report linked from here.
China has already been shopping for influence in Greece as the financial strains across the ill-managed and unsustainable EU become unbearable for the West, read a CNNreport from last June, linked here. A quote from that report states:
These overtures are continuing, as may be read from this report from Reuters earlier this month which reported Chineses willingness to purchase Greek debt when is once again issued!
The truly lamentable leaders of the former EU nation states have forgotten their responsibilities as national leaders. First they ignored the growing signs, plain to see, over many years that the Euro project was a fragile pack of cards - now even more seriously, they are ignoring the geopoltical implications of their long-running financial imprudence.
In Britain's case, our Prime Minister, David Cameron, acts as if by being outside of the euro currency he has some kind of magic immunity from the consequential maelstrom from the decades of EU economic incompetence, which will soon be swiping the entire world sideways!
Putting faith in the promises of Merkel and Sarkozy is exactly what the world has done for the past eighteen months - nothing has come of it and nothing is what will arrive with their latest deadline of 3rd November! Remember this from 4th February of this year:
China has already been shopping for influence in Greece as the financial strains across the ill-managed and unsustainable EU become unbearable for the West, read a CNNreport from last June, linked here. A quote from that report states:
China is hunting for bargains in some unlikely corners of the world. Earlier this week, it opened its checkbook to make 14 commercial investments inside Greece, which is struggling to avoid defaulting on its mounting debt.
China's vice premier Zhang Dejiang signed off on each contract, securing deals in major industries such as telecommunications, real estate and shipping during his four-day visit to Greece, which began on Monday.
These overtures are continuing, as may be read from this report from Reuters earlier this month which reported Chineses willingness to purchase Greek debt when is once again issued!
The truly lamentable leaders of the former EU nation states have forgotten their responsibilities as national leaders. First they ignored the growing signs, plain to see, over many years that the Euro project was a fragile pack of cards - now even more seriously, they are ignoring the geopoltical implications of their long-running financial imprudence.
In Britain's case, our Prime Minister, David Cameron, acts as if by being outside of the euro currency he has some kind of magic immunity from the consequential maelstrom from the decades of EU economic incompetence, which will soon be swiping the entire world sideways!
Putting faith in the promises of Merkel and Sarkozy is exactly what the world has done for the past eighteen months - nothing has come of it and nothing is what will arrive with their latest deadline of 3rd November! Remember this from 4th February of this year:
Labels: Euro collapse, Greece, The Crash
posted by Martin at 8:33 AM
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