Why is the ECB sounding and acting like common thugs? They are heavily leaning on Greece like old school loan sharks. Europe is in a desperate situation which calls for desperate measures. They cannot allow Greece to get out from underneath their heels. Greeks are on the verge of a very important election that could mean they walk away from previous ECB and IMF commitments. There are talks of throwing Greece under the bus if necessary. Europe will cut off Greece from further stimulus and make use of their debt they bought up to damage them as an example to others.
The ECB is still buying Greek debt to drive them further into a corner, let’s make note of the important bits:
– European bankers see Greece as the weak link in the chain. If there is a Grexit then most assuredly the country will be in dire straits but it will keep all the other countries in line.
– Unless they are rigged, elections are a source of instability for central bankers. The Euro is at an all time low, QE is on the table and EU is handing over billions to Ukraine to lure them closer.
– The overriding theme of the elections in Greece is about austerity. Cyprus and Greece have been the red-headed stepchildren of Europe and the world will be watching. It will be the will of the people vs the will of the banksters.
– Prosperous nations in Europe grow ever so tired of bailing out their neighbors. Germany is losing steam and on the verge of a recession. The collective belts of Europe will be tightening and those problem nations eventually will be left to their own devices.