Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Monday, September 19, 2011

The Gang Rape Of Greece Update, September 19

Greece Must Shrink State to Avoid Default: Lenders

Now that they have looted everything they can from a prostrate Greece, they've added new conditions for the promised loans. This is why they are called banksters.

Kudos to CNBC for telling the truth: The new conditions were a result of adverse trends in Euro bond speculation and had nothing to do with anything the Greeks did or didn't do.

International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.


http://www.cnbc.com/id/44574980