GREECE: GOVERNMENT ‘PRINTING DRACHMAS

Sunday, June 28, 2015
By Paul Martin

BY JOHN WARD
Hat4uk.wordpress.com
JUNE 28, 2015

Bild in Germany this morning leads with the “news” that there will be a putsch today in Greece led by Nia Demokratia. On closer examination it merely has an ND bag of wind saying the Samaras-led Party will raise Parliament’s awareness of the “cowardice” of the proposed referendum “and get it scuppered”. It’s a little vague on the “how” bit, but probably Freddie Starr will be involved somewhere: perhaps he’ll eat Alexis Tsipras’s hamster.

More seriously, an anti-EU but still badly-briefed piece appeared in the UK’s Sunday Telegraph saying that the Syriza leader now wins either way….either the credtors blink and retreat, or Syriza gets an electoral approval of his rejection of the Troika2 terms.

One thing it is right about, however, is that Greece will start to default on Tuesday, and be in a kind of limbo for four days prior to the vote next Sunday. July 5th is the day after American independence day, and the significance of that goes beyond ironic: Wall Street would normally go into Holidays mode from Thursday lunchtime onwards.

The Rest…HERE

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