Road to Depression

Obama asks euro zone to keep Greece in until after Election Day!

on . Posted in Road to Depression

Illegitimate fascist president worried that Greece exit from EU will damage election hopes.



LONDON, England (PNN) - August 24, 2012 - The illegitimate Obama regime will pressure European governments not to let Greece fall out of the eurozone before November's presidential elections, according top Fascist British government sources.

Representatives from the International Monetary Fund, European Central Bank, and European Commission are due to arrive in Athens next month to assess Greece's reform efforts.

They are expected to report in time for an October 8 meeting of euro zone finance ministers, which will decide on whether to disburse Greece's next 31 billion euro aid tranche, promised under the terms of the bailout for the country.

Fascist Amerikan thug officials are worried that if they decide Greece has not done enough to meet its deficit targets and therefore withhold the money, it would automatically trigger Greece's exit from the eurozone weeks before the presidential election on November 6.

Like good fascists, they are urging eurozone governments to hold off from taking any drastic action before then, fearing that the resulting market destabilization could damage illegitimate President Obama's re-election prospects.

The illegitimate president discussed the eurozone crisis with British Prime Minister David Cameron during a conference call on Wednesday and both welcomed statements by the European Central Bank that it was "standing firmly behind the euro".

The ECB is expected to present a plan in the next few weeks to help indebted countries like Spain and Italy by buying their government bonds.

Today, Greece Prime Minister Antonis Samaras will travel to Berlin to meet Chancellor Angela Merkel, and then to France tomorrow for talks with President François Hollande; he is asking that Greece be given more time to meet its deficit targets and implement its reforms as its economy is struggling through a fifth year of Depression.

But Germany's Finance Minister, Wolfgang Schäuble, said it was only months since creditors drew up a second bailout package and agreed on a massive debt write-down for Greece.

Britain is understood to have pressed the Germans to ensure that if eurozone leaders decide Greece's position is unsustainable the financial "firewall" around Spain and Italy is made stronger. Officials are worried that if Greece was to exit the eurozone, the move could result in dramatic increases in the cost of debt for other weaker eurozone members, making their financial situations unsustainable.

 

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