By Jeff Cox
Though other parts of the continent are improving, Greece actually is worse up close than it appears from the outside, investor Wilbur Ross told CBNC.
Ross, a vulture capitalist who seeks to turn around distressed companies and who has invested heavily recently in Ireland, toured the region and said he found the country in disarray, with many citizens expecting Greece to leave the European Union so it can establish its own currency and pay off its onerous debt.
“There’s almost a feeling of resignation both among the people on the street and the wealthy people that eventually Greece doesn’t stay in the EU,” Ross said in a “Squawk Box” interview.
That’s not necessarily a bad thing, said Ross, who believes that the impact of a Greek exit now will be less than it was earlier, when some economists feared that if Greece left it would trigger other debt-laden nations to do the same and lead to a larger crisis.
full article at source:http://finance.yahoo.com/news/bad-greece-worse-think-ross-163658866.html
As I have outlined in previous postings on this blog we in Ireland must now take on board the real possibility of us being forced out of the Euro by our so called friends in Europe. I expect we will only come to the “End Game” when all of our natural resources (Oil, Gas, forestry, ports and tolls on all national roads along with the full privatisation of our acute health services like caring for the elderly have been scooped up in fire sales organized by our corrupt politicians and their insider pals we eventually be turfed out on our ear and forced to use a severely devalued punt pegged to the English pound.
Yes my friends this is the future mapped out for Ireland by the mystery moneymen and their political stooges in Berlin! Are we just going to sit back and let our country be taken from under our noses????
Wake up Ireland and stand up for our own future, and the future of our next generation
- Wilbur Ross: It no Longer Makes Sense for Greece to Stay in EURO (valuewalk.com)
- For Greece there is an alternative to austerity – as Argentina proved | Dean Baker (guardian.co.uk)
- Merkel ally threatens German bailout veto if Greece fails on reforms (ekathimerini.com)
- Greece Holds Biggest Debt Sale in 2 Years (world.time.com)
- For Wrong-Headed Reasons, E.U. Leaders Are Leaning Toward A Greek Exit (forbes.com)
- Coming Here Soon – Greece, Bust and Broken (99getsmart.com)