Something is not confirmed till government denies it… (Greece)

… the more forceful the denial, the more confirmation something will occur…

And so it is I am reminded of this post when Almunia was already getting all hot and bothered, limbs aflailing saying they have a plan. The time for the plan is now folks.

But, apparently, now Almunia is saying we don’t need a plan because something everyone knows will happen will not happen. And since a plan is not needed, they don’t have a plan B either…

You can’t make this stuff up.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7104762/Joaquin-Almunia-we-dont-need-a-Greek-bail-out-because-the-country-wont-default.html

Excertp:

No Greece will not default. In the euro area, the default does not exist,” he said. He suggested there was no question that a bailout would be necessary because Greece was a member of the single currency, which afforded it more funding options than would be the case if it was not a member of the euro.

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3 Responses to “Something is not confirmed till government denies it… (Greece)”

  1. Something is not confirmed till government officially denies it « Guido's temple of the absurd Says:

    […] https://guidoromero.wordpress.com/2010/01/31/something-is-not-confirmed-till-government-denies-it-gre… […]

  2. A study in hypocrisy and political expediency « Guido's temple of the absurd Says:

    […] https://guidoromero.wordpress.com/2010/01/31/something-is-not-confirmed-till-government-denies-it-gre… […]

  3. David W. Lincoln Says:

    Guido, I still like the idea of this template: Canada, Great Britain, Australia, New Zealand, India, and Singapore have the same foreign policy, defense policy and currency. The template would also work for the Balkans, Italy, Spain, Central Europe & Eastern Europe. They would have the same currency, and more flexibility than under the EU to deal with times of testing, such as these.

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