Greece is much closer to collapse as we shall know

Here’s the chart by liars.
Eurozone "expects" said that Greece will
bounce back to zero real GDP growth in 2013,
and positive real GDP growth from 2014 onwards.

Not good news.
A fitful reaction from the markets to the news that the second bailout of Greece is much closer after eurozone finance ministers agreed to the latest bailout package.

While the bailout grabbed the headlines, the chances of Greece being bailed out in the true sense of the phrase are receding because the 130 billion euro package won’t be enough, according Financial Times, to give the stricken country long term stability.

The package will aim to reduce Greece’s debts from around 160% of GDP now to 121% by 2020. That, according to a secret report obtained by the Financial Times, is pie in the sky stuff.

Instead, it looks increasingly likely that the country will need years of ‘life support’ measures from the rest of Europe to survive without default.

Greece would need extra aid to cut its debts near to the official debt target 2020, given the ever-worsening state of its economy and if the government doesn’t do what it has said it will to improve its finances, its debt could hit 160% by 2020, meaning its position will be unchanged from where it is now.

We would need for strong leadership but our decision-makers is making shits in their own pants.
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