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January 4th, 2012 
FAKE NEWS for the Zionist agenda
By
James Chapman and Adrian Lowery
Last updated at 4:30 PM on 4th January 2012
The eurozone might be on the brink of recession but returning to the
drachma is not an option for Greece: that was the message from Eurogroup
chief Jean-Claude Juncker today, according to reports.
Juncker, who is also prime minister of Luxembourg, said Greece’s debt
woes would be resolved without the country having to leave the euro,
whatever troubles the currency bloc runs into this year.
‘2012 is a key year for the euro,’ Juncker said in an interview with
German radio station NDR. ‘At the end of this year it will be apparent
that further decisions which bring our goal closer were made.’
Warning: Jean-Claude Juncker said Greece’s debt woes would be resolved without the country having to leave the euro
Markets which had been up for most of the day went into reverse, as traders rethought recent weeks’ optimism on the outlook for the eurozone.
The euro was at a 12-month low against the pound after Greece last night raised the prospect of leaving the single currency and returning to the drachma, amid new warnings that botched attempts to keep the single currency together are dragging Europe deeper into recession.
The FTSE 100 index, which had started the day positively, was by late afternoon trading 40.73 points down at 5659.18.
Sentiment was not helped by the suspension of shares in Italy’s Unicredit bank after it announced a controversial fundraising share issue.
Senior officials in Athens said that unless they could successfully complete negotiations with creditors on a second bailout package worth €130billion (£109billion), Greece would be unable to stay in the euro.
The new, Brussels-approved government in Greece is struggling to gain support for austerity measures required by EU and International Monetary Fund bosses.
Until now, Athens has refused to countenance leaving the eurozone, and yesterday’s warning appeared designed to try to frighten Greeks into supporting public spending cuts and tax rises.
Opinion polls suggest Greek voters want the government to stay in the euro even if they disagree with deficit reduction measures.
Greece has a huge budget deficit and debt mountain and is being kept afloat by a 110billion euro (£92billion) bailout agreed in May 2010.
An additional bailout was agreed last October, when it became clear that the first batch of funds would not suffice, but that deal has yet to be finalised.
Sorting out the details is the main task of the new coalition government headed by former central banker Lucas Papademos, whose mandate is expected to expire in early April.
Government spokesman Pantelis Kapsis said negotiations over the next three or four months with debtors will ‘determine everything’, including whether Greece escapes a catastrophic bankruptcy.
‘This loan agreement must be signed, otherwise we are outside the markets, out of the euro and things will become much worse,’ he said.
But Conservative MEP Daniel Hannan said attempts to keep the single currency together no matter what, led by German chancellor Angela Merkel and French president Nicolas Sarkozy, were dragging the Continent into recession.
‘The reason that the eurozone faces such hard times is that its leaders have decided to keep the single currency together at any cost,’ he said.
‘The coming recession is not some inexorable force of nature; it is a consequence of the policies being pursued by ‘Merkozy’… and the rest.’
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Based on this comment, let’s hope nobody mispronounces his name
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Greek people are amongst the heaviest smokers in the world ,so perhaps if they cut down on their addiction ,it would save them money as well as better health to work more productively . As for the debt ,well just take longer (,perhaps 20 to 30 years to pay off completely ). Much better than a default. America would love nothing better than to see the Euro crumble and a return to the $ as the default currency. There is probably room for 4 major currencies in the world today ,and perhaps in 50 to 100 years time a single global currency provided no major debts are still outstanding.
If Greece can export some of that sunshine and heat , Im interested to buy.
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“Greece told return to drachma is not an option by euro chief Jean-Claude Juncker…………” Well, now, he doesn’t SOUND Greek with a name like that, so somehow I doubt he is even a citizen of Greece never mind anyone with any authority over what Greeks do in their own country………………Perhaps he needs a slap to remind him he’s just a jumped-up wannabe gauleiter with delusions of adequacy………..
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Was this person elected by the Greek people? No,then why is he behaving like a dictator?If Greece wants to leave The Euro then it will leave The Euro if that’s what its population wants. Its a certainty like night follows day.
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Juncker is the top man in the euro finance group . He is up a very smelly Greek creek without a paddle . our heart bleeds . The Greeks must all be turned into Spartans and live on a diet of hot air and aspirations . What they must not do is leave the euro . the polls say they want to remain in the euro . they are in for a horrid time whatever . My daughters friend is a Greek student . Her parents have told her not to come home . There is no money or future for her in Athens .
Now let’s all sing the “Ode to Joy ” to raise the spirits .
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What an astonishing statement. Arrogance or stupidity, or both?
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Jean-Claude Juncker would say this, wouldn’t he ? because if Greece returns to the drachma it will mean a serious devaluation of their debt, perhaps by as much as 50% or more, so the Banks in Germany France and where there are loans outstanding will take a hit. Devaluation is a serious step to take but it may well be the only answer to a very serious problem for the Euro zone and for Greece and their own people. perhaps the best solution in the end !
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Jean Claude Junker is an idiot, Greece has no option but to return to the Drachma and get away from the greed of this common market.
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oh please herr juncker destroyer of countries, can we have some more gruel,,,,,
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Ordinary people like me, who don’t profess to be in the know,
have said this for a long time. What took this man so long?
Better suggest the others go back to their old currencies
before it is too late
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