BREAKING NEWS - Probe On How Greece Entered Memorandum Goes To Parliament

The "dynamic duo" or financial prosecutors Mr. Peponis and Mr. Mouzakidis, who are investigating the period before the memorandum just sent their probe to Parliament and from what it looks like, former premier George Papandreou and former minister of finance George Papakostantinou are going to have a lot of explaining to do. Of course the testimony several months ago from the former representative of Greece in the IMF Panagiotis Roumeliotis only added more pieces to the puzzle, as did his book which was released in the early Fall. The book reveals how Greece was led to the Memorandum by Papandreou's PASOK government, and the dialogues that were apparently held between himself and the former PM. It also notes the mistakes that were made by Papandreou's government which eventually led to the collapse of the Greek economy.

Shockingly Roumeliotis revealed in his book that former IMF Head, Dominique Strauss-Kahn, had summoned him to send a warning to Papandreou to proceed immediately with debt restructuring. Executing his orders, Roumeliotis then warned Papandreou five times, namely in March, April, May, June and October 2010, because at the time European banks were loaded with Greek bonds and, consequently, the former Prime Minister had the bargaining power to do so. Even so, and although Roumeliotis delivered this information to the former premier, Papandreou just shut his ears and literally played the role of a deaf man. "If debt restructuring occurred with the first memorandum, all these tough austerity measures and the fiscal adjustment program would have more of a chance of being a  success," notes Roumeliotis. He more or less added that Papandreou's government is completely responsible for the collapse of the Greek economy, since it did not pressure the Eurozone to take this direction and it did not exploit the expert advice from Mr. Strauss-Kahn. (Reference dexiextrem)

Editor - George pes alevri... a parliament probe se girevi...  The following song is dedicated to Mr. Papandreou, and Mr. Papakostantinou with all our love.