Papandreou

Papandreou

LONDON – After being dissected in the rooms of parliaments and dissemination of Europe, Greece and the financial problems that finally came to the United States – in the form of a moustached man in a suit and tie. Greek Prime Minister George Papandreou and will seek to persuade the solidarity of President Barack Obama when they meet on Tuesday, he will probably be successful.

Papandreou wilil complain that Greece is a victim of the market “speculators”, the line that Obama has used the same several times in the past when discussing the rise in oil prices or save the automaker Chrysler from bankruptcy.
There will be no financial help disucssion of America and Greece, and since the country’s problems are in the first place, for Union. The euro area does not like the idea of paying to save the Greek, but would prefer to have an entity and from outside Europe, such as the IMF, or the United States, and enter the battle and discredit the Union and the euro. Hence the recent talk of the establishment of the European Monetary Fund.

Papandreou, will claim that speculators in the market have aggravated Greece in the efforts to pay part of the deficit through government borrowing more expensive. That he would encourage Obama to impose tighter controls on currency traders, and investors in bonds and hedge funds who have driven up the price swaps to repay the loans, which measures the risk of default, for the Greek sovereign debt. (See “Greece and the company’s bad.”)

“Speculators are making billions in principle every day of betting on the default Greek,” Papandreou said on Monday after meeting with U.S. Secretary of State Hillary Clinton in Washington. Clinton agreed, saying that the United States wants to work with other countries to reform “of unregulated financial markets.”

Ironically, although there may be little evidence that the market “speculators” to blame important for Greece and funding problems. Germany for financial regulation and BaFin, on Monday was not found evidence that the derivatives, known as the CDS credit, and were used to speculate in bonds, the Greek Government.