More words without…meanings!

    The much discussed
“haircut” of Greek bonds (PSI) came to an end and was followed by publicly
expressed exuberant statements by both professor Venizelos (the SINGLE and favourite
candidate for the Chairmanship of PASOK who will most probably be voted into
office with a very large majority) and by Dr Papademos, while Greek public
opinion was utterly impressed with the deafening SILENCE of Mr Samaras ….(How
are your “renegotiations” going Mr Samaras?;)
    Subsequently since there were some
private investors who refused to participate in the “haircut”
voluntarily, (a reality which could create problems for the integration of the
PSI and the second European package of 130 billion Euros) initially Mr
Venizelos as Greece’s Economic Czar and then unanimously the Greek Cabinet
FORCED the “deniers” to accept the “haircut” imposed on them …
   This announcement of such a decision
by Greek Government led the ISDA and International Financial Houses to trigger
the CDS since by making participation in the famed PSI “mandatory»
OFFICIALLY Greece has caused a “credit event” and is now in the
status of “controlled” (but not “uncontrolled”)
bankruptcy!..
    If Greece went out today to borrow
from the international financial markets, if such

    Professor Venizelos
in his exuberant statement described as “important and historic this day while
he removed from the shoulders of the Greek people a national debt of 100
billion euro!…He did not say, however, how many billions of euro under this
new arrangement future generations of Greeks will have to repay to our Lenders…
    Even
If we accepted what you told us my esteemed university colleague, Deputy Prime
Minister for Finance and soon Chairman of PASOK we still did not hear from you,
despite the easiness which distinguishes you in your verbal rhetorical
positions:

    How these
incredible figures of the financial obligations of Greece and the Greeks were amassed
and by whom they were created?

    Will any member of the Political Systems
that rules Greece for the last 38 years as Prime Ministers, Ministers, MPs and
managers of public companies and service institutions ever be held accountable for
having brought us to this dramatic, pitiful and catastrophic end as a people
and a Nation?

    And the
Prime Minister Dr Papademos, in his Statement to the people said among other
things “the PSI now opens the prospects for the second bail out MEMORANDUM
of 130 billion euro and better future and growth for our economy”
    Showing good will let us say that the Greeks
accept what you said dear former Governor of the Bank of Greece, former Deputy
Governor of the European Central Bank, former Advisor of the Prime Ministers of
PASOK Mr Papandreou and Simitis and current Prime Minister of Greece.
    But how do you as a Doctor in
economics could explain the EXUBERANCE you and Professor Venizelos have
showed in the face of published reports of foreign financial rating institutions
stating that you are now in charge of a technically “bankrupt” country?

    And,
incidentally, have you forgotten that ths Leader of PASOK and ex-PM who
selected and appointed you to this SEAT OF POWER with the Parliamentary support
of the New Democracy and LAOS parties only a few months ago were anathematizing
the terms “credit event” and “controlled bankruptcy” and were
scaring us with such terms?

    And as a world renown economist how do you
explain that only two years ago Greece could borrow at rates of 7% to 10% (which
were then considered CATASTROPHIC) and now after ALL the Greeks have lost in
salaries, wages, pensions and standards of living as well as in National pride
interest rates are running at the astronomical levels of close to 40%, the Economy
continues to be in recession which flirts with double-digit levels, the
unemployment rates (officially and technically) have exceeded the level of  21% while the rate for youth unemployment hovers
at around 50%? …
    “HAIRCUT”, BONDS,
LOANS, SUCCESS, SALVATION, DEVELOPMENT, “CREDIT EVENT”, “controlled”
BANKRUPTCY, UNEMPLOYMENT, AUSTERITY MEASURES and MORE cuts of salaries, wages,
pensions, benefits and yet you harbor “HOPES” for IMPROVEMENT and economic
growth! …
    
While you continue Governing us words keep loosing their…
meanings!