Here’s the definitive scoop on poor old Hellas, better known nowadays as the EU country that missed its day at the municipal dump. Greece will default sometime in 2012 and, if there are any doubters around, tell them this comes from the great economist Taki, the very same Taki who smelled a rat even before the Greek government was caught red-handed cooking the books by entering into a massive controversial (yet legal) deal with the poisonous giant squid Goldman Sachs. The latter took its giant fee and went back home in order to continue to screw the innocent. The Greeks stayed on the beach and are now paying for past follies.
The trouble is that no one responsible for the disaster has been punished and allegations of corruption continue to surface. Recently, an ex-minister of defence under the socialist government of ten years ago, one Tsohatsopoulos, was named in a corruption probe being carried out by German prosecutors.
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