Greg Hunter
USA Watchdog
The Prime Minister of Greece, George Papandreou, has called off a vote by the people of his country on whether to accept a 130 billion euro bailout and stay in the EU. Earlier this week, the Prime Minister thought that would be a good idea and, today, not such a good idea. People there are asking for his resignation. There is talk that the Greek government could collapse.
Meanwhile, the G20 meeting in the South of France at Cannes is consumed by the EU debt crisis. World leaders are looking for ways to stop a domino-like financial collapse.
Watching the coverage today, Wall Street wonks were actually giddy that democracy was stifled and a vote by the people of Greece was stopped. I heard one weasel on financial TV say a vote by the people of Greece was a “crazy idea.” Yes, democracy is a crazy idea when you want to sign up entire countries as debt slaves for a generation or two.
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