Fortune Telling for Greece (while expecting the results of June 17th Elections)

by Panos Mantzaris 

Forecast : ND by a small margin, and the games begin !

 ACT 1 :  EU delays installments due to unsatisfactory and unclear Greek positions who plead for understanding since SYRIZA opposition too tough to handle.

Government issues short term IOU's to supplement it's ability to pay.

Voices claim we are in Drachma, Officials

dismiss such voices in disdain.

MEANWHILE :    Hopefully in the midst of it all, new capital for the restructuring of the Greek Bank Portfolio arrives to cover write-offs determined by Black Rock.

Debt to Banks by Individuals and Companies gets it's own "Haircut" and besides the media fight to get credit for this, everyone asks for Banks to let loose the money flow !

ACT 2 : Time for "Structural Reforms". It is Christmas, the rules of the game in getting money have changed, but the new rules are still obscure ....

ACT 3 : It is February 2013 !
Greece is not the epicenter of the Crisis anymore.
We are left to our own devices.
Some talk for the formation of the "Balkan Union" ! ...

 I used to read fiction when young :-)

Panos Mantzaris (the Teller)