Option Millionaires

[silencedogood2011]

Greece Bailout and Referendum: Damned if they do, or abandoned if they don't.


Greek PM George Papandreou won a 7 hour session with the MP's to go ahead with the Referendum. The Vote looks so far to take place in Mid-January. While it seems a victory for the PM, German Chancellor Merkel and french president Sarkozy have (get this) Summoned PM Papandreou to meet with them prior to the G20 Summit.

If greece does take the bailout, then the IMF will take over certain aspects of greek financial politics and will be in Greece for a forseeable future.
All of this adds up to so called Indentured Servitude since Greece will be under the microscope and told how to conduct business (might be a good thing?) until the IMF is paid in full and Greece gets its debt ratio down to 65% of the GDP.

Alternative: Leave the EU and go back to the Drachma.

Website:http://www.reuters.com/article/2011/11/02/us-greece-referendum-idUSTRE79U5PQ20111102