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May 15th, 2012 
FAKE NEWS for the Zionist agenda
Karolos Papoulias, the Greek president, warned party leaders that their
continued failure to agree was risking “fatal consequences”. Citing a secret
government document, he said Greeks were already pulling £80 million a day
out of the country’s banks. Almost €1 billion (£795 million) has been
withdrawn since the last elections on May 6.
“The extension of political instability will lead to fatal consequences. The
absence of government is a serious risk to the financial security of the
Greek people and our national existence,” the president was reported as
saying.
Mr Papoulias said he had been warned by the central bank and finance ministry
that the country faced “the risk of a collapse of the banking system if
withdrawals of deposits from banks continue due to the insecurity of the
citizens generated by the political situation”.
Some economists have suggested that a euro exit could be done in an orderly
way by closing Greek banks while the country prepares to reissue the
drachma. Costas Simitis, a former prime minister, said that would spark
panic, warning that Greeks would rush to withdraw money from banks. “If they
close more than three days there will be a bank run,” he said. A report in
Germany’s Wirtschaft Woche magazine forecast that a Greek bankruptcy and
exit from the euro would cost the governments of the single currency’s 17
members £240 billion, pushing the eurozone and European economy into a
crisis not seen since the 1930s.
François
Hollande, the new French
president who was sworn in today, was in Berlin hours after his inauguration
for talks with Angela Merkel, the German chancellor.
In a joint press conference, Mr Hollande insisted that “everything must be put
on the table” to help growth in Europe. The pair agreed that they wanted
Greece within the euro. However. Mr Hollande added: “We have to allow Greece
to find solutions.”
Adding yet more drama to the day, Mr Hollande was initially forced to turn
back when his plane was struck by lightning after leaving Paris.
Wolfgang Schauble, the German finance minister, piled further pressure on
Greek voters, warning that unless they deliver a government that honours the
terms of the bail-out, he said, the country will have to leave the euro.
Attempts to form a government collapsed yesterday after the Left-wing Syriza
party refused to work in any unity government that implements cuts required
by the EU-IMF bail-out.
Alexis Tsipras, the leader of Syriza, said: “If it is not possible to reach a
government formation, we believe that the judgment of the people and their
verdict is not a national disaster.”
Evangelos Venizelos, the leader of the socialist Pasok party, attacked Mr
Tsipras and other anti-austerity parties for “arrogance and adventurism”.
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