"Standard and Poor’s has downgraded Greece’s credit rating to “CCC … the
lowest credit rating of any economy ranked”. Germany now insists that it won’t
pick up the tab for another new Greek bailout unless all the other members of the
EU chip in. That includes Britain, which opted to stay out of the Euro and will now
be asked to bail it out notwithstanding. “Cameron and Osborne have often said
that the UK won’t participate in any way in the rescue of a Eurozone member
state,” said a European commission official. “But it cannot veto this.”
The tax on the UK taxpayer is going to be levied via the IMF, which may also
participate in a bailout and of which the US is also a member. The interlinkage of
structures now means that the taxpayer everywhere may now be on the hook for
government excess everywhere.
Marketwatch says US banks are exposed to the tune of $41 billion in Greece. But
that is chickenfeed compared to the looming threat it poses to European financial
institutions."
See:
http://pajamasmedia.com/richardferna...-taking-gifts/
Maybe they can ask this guy for help:
http://avvesione.files.wordpress.com...kaki-smile.jpg
