(Sunday Telegraph) Greece will run out of money soon, warns deputy prime minister

Speaking exclusively to The Sunday Telegraph, Theodoros Pangalos said he was “very much afraid of what is going to happen” after Greek voters rejected the deal in elections last Sunday.

“The majority of the people voted for a very strange mental construction,” he said. “We want to be in the EU and the euro, but we don’t want to pay anything for the past.”

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, Greece, Politics in General, The Banking System/Sector

2 comments on “(Sunday Telegraph) Greece will run out of money soon, warns deputy prime minister

  1. driver8 says:

    I note in Greece we see the mainstream political parties in collapse and the far right and far left explosively growing. Scary stuff.

  2. David Keller says:

    Why don’t they do what Jerry Brown is doing and just raise taxes on the rich? That will fix everything.