BANKRUPTCY WOULD BE GOOD FOR THE CRADLE OF DEMOCRACY!

Basil Venitis asserts that bankruptcy would be God's gift to the cradle of democracy, because Greece needs a shock to recover from Graecokleptocracy. And it looks like God will manifest his benevolence pretty soon! A bankruptcy will also bring the much needed revolution to get rid of the huge political corruption. Untouchable Graecokleptocrats, the most corrupt politicians on Earth, those freaks that enjoy full impunity and full parliamentary immunity, assert that Greece cannot go bankrupt, because it's a member of the eurozone. So what? To the hell with euro and Fourth Reich(EU)!

There is no joint guarantee for euro adopters. Eurozone debt is not backed by a single lender of last resort. Not only would a bailout of a distressed lender be undesirable for moral reasons, it would also be illegal. German Finance Minister Wolfgang Schaeuble notes that Greece, the most corrupt country on Earth, has been living beyond its means for years, and can't expect Germany to pay for Greece's mistakes. Frank Schaeffler, a member of the German parliament's finance committee, points out that any attempt to accomplish a joint bond sale by both countries would be the first nail in the coffin of the euro.

The European Central Bank(ECB) has no mandate to take into account the situation of a specific country. Moreover, credit markets, Fourth Reich, and ECB do not trust Greek Finance Minister George Papaconstantinou, because he was a corporate director of OTE, an infamous phone company in cahoots with Siemens in superscandals. There's no question that Greece, the most corrupt country on Earth, is in an economic and moral mess. Greek budget is an oxymoron! It's 13% of gross domestic product, much worse than the 3% limit stipulated for Eurozone slave States. Papaconstantinou says he'll shrink that shortfall to 8% next year, but Graecokleptocrats always mislead investors and Fourth Reich about how unfit the nation's finances are. Venitis estimates the deficit to increase to 20% next year! By 2030, all Greek Treasury bonds will be junk bonds!

Graecokleptocrats point out the Stability and Growth Program is in fact a program for the reconstruction of the national economy, and the government's updated Stability and Growth Program will be submitted to the European Commission by the end of January and is expected to be approved by an ECOFIN Council on Feb. 16.

Graecokleptocrats assert the program highlights the government's will to promote major changes in public finances, in taxation, budgetting, and all the radical reforms promoted in the public sector and the economy's production model. Venitis notes the most infamous house on Earth is the Greek Parliament, aka the Grand Brothel of Syntagma Square, which houses 300 wild prostitutes, minotaurs that suck the blood of Greeks! It's a long way from the 300 Spartans of Leonidas to the 300 Graecokleptocrats of the Grand Brothel!

Graecokleptocrats claim the government is not examining a hike in VAT rates, while stressing that the government also rejects calls for a freeze in civil servants' pay or abolition of the 14th monthly salary-bonus. Graecokleptocrats are now examining plans to offer incentives for the repatriation of capital, and open services of the closed professions.

Greece's updated Stability and Growth Program would include two scenarios over the country's public finances, a basic and a more pessimistic one. Under the basic scenario, the country's public debt will begin falling as of 2012. Graecokleptocrats claim the three-year stability and growth programme will be made up of fair measures of a permanent nature for restructuring the government, stimulating the economy, and reducing the deficit and public debt.

Graecokleptocrats assert the next three years would manifest changes benefiting the average Greek, which would provide support to small and middle incomes. The Cabinet will convene next Sunday afternoon in this framework, to discuss a draft bill being prepared by the interior ministry for a new stucture of local government.

Regarding various meetings between a team of European Commission and European Central Bank officials with staffs at various departments in Athens, Graecokleptocrats claim they had been very constructive, and they had not been a form of inspection, but a collaboration between the two sides, focusing on a series of initiatives designed to boost liquidity for businesses, support investment, improve competitiveness, and make the Greek economy more outward-looking.