Greek PM: economy is in a ‘Great Depression’
Debt crisis: Greek economy is in a ‘Great Depression’ says Samaras
Greece is in a “Great Depression” similar to the American one in the 1930s, the country’s Prime Minister Antonis Samaras told former US President Bill Clinton on Sunday.
TelegraphUK
22 Jul 2012
Mr Samaras’s comments come two days before a team of Greece’s debt inspectors arrive in Athens to push for further austerity measures if the debt-laden country wants to qualify for further rescue payments and avoid a chaotic default.
Athens wants to soften the terms of a €130bn euro bailout agreed last March with the European Union and the International Monetary Fund, to soften their impact on an economy going through its worst post-war recession.
Greek GDP is expected by the end of this to have shrunk by about a fifth in five consecutive years of recession since 2008, hammered by tax hikes, spending cuts and wage reductions required by two EU/IMF bailouts. Unemployment climbed to a record 22.6pc in the first quarter.
“You had the Great Depression in the United States,” Samaras told Clinton, who was visiting Greece as part of a delegation of Greek-American businessmen. “This is exactly what we’re going through in Greece – it’s our version of the Great Depression.”
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Paul, I see you are posting articles earlier and later in the day lately. Much earlier than you ever have before. It seems so much is happening (all the while MSM all, but ignores it)and I presume you see this too. It is frustrating too see how “dumbed down” the world has become, excluding a few. Thanks for this site with the collection of articles…..
Thanks, Stan522! World is gettin’ crazier by the minute!
Hang On, and keep those “Depends” Ready! LOL
I think it is awful. A lot of people now will live way in the deep and grow their own food etc. Why be a slave to the governments around the world. you work hard and they take most of it. Then, they bring you to your knees to get you to be thankful for the crumes off the table. Next when you are desperate, they will make you take the microchip or bar code. In order to eat.
They create every virus and disease on the planet. They keep this hidden so there can never be any proof. Then they tell you go get your vaccine and you will get better. When a few years goes by, you end up with cancer or something else caused by the vaccines. But remember, it is all in your head and they consider you mentally ill for thinking such thoughts. Don’t let them fool you, stay strong. Think for your selves. Let the results of the vaccines that cause illness prove the answers to you.
The governments have clones around the world who can take these vaccines and don’t have any thing bad happen. That is to keep you off banance and confused. To make you think there is nothing to these vaccines.
Next those who take the chip or bar code, it will change the D.N.A. in thir bodies. Don’t let them become the creater of who you are!
The simple minded go on and are punished, but the prudent when they see danger hide them selves. Now is the time to pull the carpet from under the feet of those who caused the finanical problems. If you don’t want to be a slave, you must fight back.