Well it will be the same for any country, Yeah our Governments bail out the wealthy in oder to bail out everyone, but the wealthy will not bail out the governments. perrish the thought! They will squirrel it away to save them selves.
Unfortunatly this is where free enterprise has gotten us. Its a great system isn't it? Well actually it is a pretty good system - until you throw greed in to the mix.

Never before has it been so glaringly obvious as to who is really in the driving seat of the modern world.

Well that points us to were the bailout funding is being channeled/directed :DL

Greek Leader 'to offer to resign'

http://www.bbc.co.uk/news/

So, Papandreou is going to go and most likely be replaced by Lucas Papademos.

So, let's look at this through the eyes of the Greek people...

They were offered a chance to vote on the future of their country, and suddenly the man who offered the vote is being dumped in favour of the leader of their central bank. A man who is not likely to turn down the EU bailout offer, and is, therefore, very likely to cancel the referendum.

Something tells me that the riots are not going to go away by this news...in fact, something tells me that they're going to get worse...

Pensioners will freeze to death again this winter as Cameron states he is ready to give more money to the IMF to help out the euro zone. :nope:

Greek state TV just announced Papandreouis not going to resign according to the latest from Greek state TV. According to all the headlines this morning it was almost certain he was going to resign, with the last one saying the announcement was to come in 30 minutes. Then about an hour later, Greek TV said no resignation and he'll make a speech tonight.

Yep, it wouldn't surpise me if at any moment Greek TV goes blank, then comes back on in a few minutes with a nervous looking presenter reading "Communique No. 1". :-?

In all this im not actually clear where the Greek people stand, they have so far protested and rioted against austerity messures and bailouts.
Yet so many media sources are reporting that the majority of Greeks dont want to lose the Euro? quite how they established this fact, I dont know?
maybe its true or maybe its propaganda.
But I think the Greeks realise that neither path is going to be paved with roses and they might be having the realisation that sticking out the Euro is actually going to be the more pleasent option.... at aleast in the short term.
They could still vote to quit the Euro later on, but do it in a more controlled manner, rather than a default that could push them in to 1930s style depression. Thats if this rescue package works...

Well, I am very glad my parents chose to emigrate to Canada. I am worried sometimes about my sis living in NYC (though I love the Big Apple) but she met her hubby there and made a life and they have a wonderful daughter. I am also glad I came to, at least for now, one of the most stable and well-off countries in Europe to study and then work.

However, as I still have relatives in Greece, I am sick about what is going on. I can't even be mad anymore. Certainly not mad at the Germans, not even their government, well not as much as the Greeks or other institutions.

My wierdest fantasy is that somehow the USS Enterprise loaded with hypnotised Klingon, Romulan and Jem Hadar warriors falls through a wormhole (without any other crew exept Data who is also linked into the ship's computer). The malfunctioning ship's computer beams me aboard, calls me the "creator" and listens to my every command, as do the warriors and Data. Then I would hijack all internet, TV and other mass media and launch my ultimatum. Zap some highly visible but deserted targets like the mothballed ships at Suisun Bay, California (not the Iowa). Then beam the world's political and economic leaders aboard and tell them they have 1 week to present a plan to start fixing things.


P.S. I also hope Mudd's android women are included in the package.

http://upload.wikimedia.org/wikipedi...%27s_Women.jpg

Military coup anyone? :hmmm:

I do not think it is likely.

He' going...going...going...staying! :o

Greece the master of suspense.

I got the BBC 24 News on and sitting on the edge of my seat!


UPDATE
Prime Minister George Papandreou is not stepping down.

BREAKING NEWS


The Greek referendum has been scrapped!

1448: Reports coming in suggest the proposed referendum has been scrapped.


1451: Two officials close to the Greek prime minister said he had scrapped the idea after the opposition would not back it, AP reports. The leader made the comments in an emergency cabinet meeting earlier.

Minute by minute..

http://www.bbc.co.uk/news/world-europe-15570986

New ECB president Draghi did what I 100% had expected any Italian or Greek gaining the seat in that office to do - he cut the ECB interest rates.

When the debtors are allowed to run the Central Banks, then you know what to expect from that. The ECB may be called European Central Bank, but Draghi after all is Italian in the first.