Greece and Other World Economies

http://psychicfocus.blogspot.com.au/

Q. Could you do a reading concerning the situation about Greece. According to the mainstream media people are desperately collecting their money from the banks. And why is the EU so concerned about saving Greece or is it a back door for the relocation of money. Maybe there is more to it than they will tell us.

A. I do see Greece is in a very uncertain place right now. They feel so vulnerable that a small act of free will can really alter the results. If they stay on the current momentum, I get that the demands for repayment for their current loans will not be able to be paid. They do not have the economy to support such large repayment plans (and still survive). They were desperate and agreed to their current terms for support that they hoped (but feared) they could meet.

I see that a plan is being devised to somehow cut them loose from the European market (almost like they are being insulated so their economy situation cannot have as much damage on the European market). I cannot see another bailout happening, but rather some kind of creative "buy out" happening. Resources Greece has looks to be sold off (l see it like an auction??) and that money will go back into the economy. I also see their government being forced to "sweep" some money from the higher balanced banking accounts.

I actually don't see the EU as being as worried about saving Greece as they are about protecting the other countries. It is more about how to NOT allow Greece to cause harm to the other markets, and HOW to help Greece in a way that isn't more loans (hence the "auction" and buying things for pennies on the dollar). The EU realizes that Greece cannot pay the debt as outlined in these newer bailout plans, and Greece agreeing to the terms only prolongs further damage to Greece and the EU. [They EU doesn't want Greece to agree to any bailout either..]

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IZAKOVIC