"This is a national emergency. The government is being overwhelmed by events,"
With little interest from foriegn banks the governments is slowly startving.
We have exhausted our margin for manoeuvre
Time to cut spending. Otherwise you may experence a more violent downward trend.
S&P said euro membership had become part of the problem since it prevented the country resorting to aggressive monetary stimulus to counter the housing crash, or from devaluing to restore competitiveness.
Euro is a dead man walking.
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