Biggest Greek bank warns of dire euro exit fallout

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Biggest Greek bank warns of dire euro exit fallout

May 30th, 2012

FAKE NEWS for the Zionist agenda

Karolina Tagaris
Reuters
May 30, 2012

If Greece left the euro, living standards would plummet, incomes would be slashed by more than half, and inflation and unemployment would skyrocket, the National Bank of Greece warned on Tuesday.

In a report released ahead of an election on June 17 that may determine whether the country stays in the single currency, the country’s biggest bank said the risk of Athens exiting the euro was no longer just a theoretical possibility, warning that the fallout from such a move would be dramatic.

“An exit from the euro would lead to a significant decline in the living standards of Greek citizens,” the NBG wrote ahead of a vote which parties opposed to austerity measures that have kept Greece in the euro so far have a chance of winning.

The bank said per capita income would collapse by at least 55 percent, the new national currency would depreciate by 65 percent against the euro and a recession, now in its fifth year, would deepen by 22 percent.

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4 Responses to “Biggest Greek bank warns of dire euro exit fallout”

Just go on and fuckking do it already!
‘An exit from the euro would lead to a significant decline in the living standards of Greek citizens’! I thought their living standards couldn’t get much lower!
Greeks, no one ever said freedom was free.

You will be better off in the end. Or, you can choose to be a debt slave. Hey it’s your choice!

Freedom isn’t free!
Greek citizens – what is a citizen? Is it not a government employee? And so, I dare say, this statement is true! Indeed the government employees will be worse off ! As for the people of Greece, well, Argentina seemed to do pretty well ! Better than a life of serfdom ! The euro was thrown on the people of its members without referendum and consent ! This is a chance for Greece to take back it’s sovereignty and stick it up the bankers ! That would be the one thing the ruling elite fear more than anything else ! Greece and her people – do what’s right for you and your children !