Something big must be on the horizon for Greece. For no apparent reason the privates banks have been on a media offensive over the weekend to threaten Greeks that the economy will be imploded if the new austerity measures are not implemented.
The international media seems to be quiet on the Greek front for the past 3 weeks so for the head of one of Greece’s largest banks and for the governor of the central bank of Greece to come out threatening that Greece will be set back 50 years sound suspicisoulcy like there will be extreme new measures on the way.
The CEO of the National Bank of Greece has come out and said Greece returning to the Drachma will set the country back 20-25 years and the governor of the central bank of Greece has come out and said
These shortages would include fuel, raw materials and even agricultural products. Schools, hospitals and public services would have difficulty operating. There would be fuel shortages so the police and army would not be able to use their vehicles.
These dramatizations and nightmare scenarios being painted by two of the most powerful people in Greece is setting the stage for something.
Bearing in mind that the context of the Drachma vs Euro arguments always come down to “do as the banks want or Greece will go back to the Drachma” the message is clear.
Greeks must do as the banks recommend/want or Greece will be forced to go back to the Drachma.
2 statements in the period of 2 days feels to me like ground work being laid for something even more onerous than what has already been put forward.
Papademos is predicted to announce new measures in the beginning of 2012, these statements do not bode well for Greeks.
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