A total restructuring of Greek debt is not an option and nobody is planning it,” Luxembourg Prime Minister Jean-Claude Juncker reiterated yesterday. A few days earlier, the French Finance Minister, Christine Lagarde, declared, “A restructuring of Greek debts is absolutely out of the question.” Likewise, German Finance Minister, Wolfgang Schäuble, is on the record saying, “A debt restructuring is not under consideration and is completely speculative.”"Where the Wildest Things Are." By Eric J. Fry, The Daily Reckoning, 6/11/11.
These vehement official declarations can mean only one thing: A debt restructuring is absolutely certain and everybody should be planning on it.
A blog about Islamic intolerance and fanaticism; socialism; communism; government stupidity; and lying weasels everywhere, hopefully couched in vibrant and literate English and foreign words that make us look good.
December 23, 2011
Pearls of expression – XXVI.
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