RE:Greece
As Greece explodes, who next Spain and Italy Greece is setting the frame work for other to fellow.......
Remember on Jun 20, 2015 a committee of the Greek Parliament, called the “Truth Committee on Public Debt” released their preliminary report:
“All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece.”
“Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious.”
What next for Greece is to refuse to repay its debts – its government bonds – it will no longer say it is in default or bankruptcy –How will this happen
They will simply renounce their debt as odious, a perfectly acceptable concept in international law.