EX PM Papademos warns of Greece’s Financial Collapse, Aliens Invasion…

Greece would financially collapse if no stable government emerges from June-17 elections. The warning comes from somebody who knows and has good contacts to aid giving powers. The warning comes from former Greek prime minister Lucas Papademos who worked as vice president of the European Central Bank until 2010. Papademos served as PM of the provisional  government in Greece, Nov 2011- April 2012 and who’s only ‘political’ achievement was to take the country through the Greek Bond Swap and to sign the second bailout agreement after the first had failed with a powerful Big-Bang sound.

Greece’s public finances could collapse as early as next month, leaving salaries and pensions unpaid unless a stable government emerges from the June 17 election, according to Lucas Papademos, the technocrat prime minister who left office after this month’s inconclusive vote.

Mr Papademos warned that conditions were deteriorating faster than expected with cash flow likely to turn negative in early June amid a sharp fall in tax revenues and a loosening of spending controls during two back-to-back election campaigns.

Mounting anxiety that Greece is headed for further political instability and a possible exit from the euro has prompted many Greeks to postpone making tax payments, and has also accelerated outflows of deposits from local banks.

Athens bankers estimate that more than €3bn of cash withdrawn since the May 6 election has been stashed in safe-deposit boxes and under mattresses in case the country is forced to readopt the drachma. (Further reading CNN)

 What neither Papademos nor international media fail to mention is the possibility that citizens of Greece may have no the cash money to pay their taxes. That could be more than one million jobless. That could be low pensioners who struggle to buy their prescription medicine. Another reason could also be the silent “revolt” of Greeks towards a inhumane austerity without perspectives… Just some options…

 

Sunday edition of To VIMA newspaper published the leakedsecret memo that Papademos handed out to the president of Greece with the request to brief the leaders of the political parties while they were attempting to form a coalition government after May 6 elections. It was Papademos & Banking, Markets Co. ‘dramatic’ effort to push for a government in Greece.

Greece’s Secret Government: 100% pro-bailout

 

In the memo dated May 11 Papademos stressed the deteriorating situation of state revenues and predicted  that government cash balances “will enter negative territory” starting on June 20.

 

Banks deposits declined as two billion euro were withdrawn from the banks form May 1st to may 9th.

 

Papademos may be right in his grim predictions. But what has he done, while he was prime minister and after he stepped down except joining the catastrophology chorus forecasting that the Earth will be thrown out of the Galaxy, should PASOK and NEA DIMOCRATIA won’t be in the government? 

 

Some Greeks wonder whether Papademos secret desire is to lead again a ND-PASOK government…