EU break up in 3 months will eliminate these drags on growth. BAM!

EU break up in 3 months will eliminate these drags on growth. BAM!

“We are all well aware that we can’t spend more than our income. We must put an end to all subsidies, subventions and government ‘suckling’; it’s over, we must increase our income.”

Spanish politician warns cuts are necessary “if we don’t want to become another Argentina”

the chairman of Piraeus Bank, Michael Sallas, and his children had taken out loans of more than 100 million Euros to secretly buy shares representing an undeclared family stake in the bank of more than 6%.
The purchases, conducted as part of an 800-million-Euro Piraeus rights issue in January 2011 designed to strengthen the bank's capital base, were made via offshore companies owned by Sallas and his two children, according to audit documents seen by Reuters. The transactions were not declared to the Athens Stock Exchange by the bank....
In a series of articles about alleged mismanagement at three Greek banks, Reuters also reported in April that Piraeus had not disclosed it had rented properties from private companies run by the Sallas family. The bank has sued Reuters for defamation over the story, claiming 50 million Euros in damages.

EC considering major shake-up in scandal-ridden bailed-out Greek bank