Economist Predicts Greece Will Default in August

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Economic Policy Journal
June 11, 2010

  • A d v e r t i s e m e n t
  • {openx:49}

Greece will eventually default on its debt because the country is highly indebted, Carl Weinberg, chief economist at High Frequency Economics, said on CNBC this morning.

A restructuring of Greek debt could happen as soon as August, when Greece is due to receive another tranche of funds from its lending agreement with the International Monetary Fund (IMF) and the European Union, according to Weinberg.

You can’t take a country that’s over-borrowed and make it more creditworthy by lending it more money,” he said. “They’re throwing Greece further and further and further in the hole by not addressing the problem directly and properly.”

Read entire article

This article was posted: Friday, June 11, 2010 at 10:05 am







Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
Dangerous Ideas: Burqa Liberation Day See the rest on the Alex Jones YouTube channel.

Flashback: 'Obama Lone Wolf Will Be Sovereign' See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.