I Believe It Is The Right Word Too

A politician inadvertently speaks the truth

ATHENS, Greece (AP) – Greece is planning to launch on Friday a public offer for a massive bond swap designed to knock €107 billion ($142 billion) off its debt held by banks and other private investors.

The formal announcement, expected later in the day, follows a Cabinet meeting which discussed implementation of the debt-crippled country’s new austerity program.

“We have made a titanic effort — and I believe titanic is the right word — to complete prior actions required for approval of financial support for the country and the process of the private sector involvement which will be officially launched today,” Prime Minister Lucas Papademos told ministers.

categories Biz, Nanny State, Politics | | datetime February 24, 2012 11:25 am

4 Responses to “I Believe It Is The Right Word Too”

  1. AliceH says:
    February 24, 2012 at 1:01 pm

    LOL Oops!

    I just did one of those laughs that ends with a loud snort. Fortunately, I work from home so only the cat looked at me funny.

  2. JeffS says:
    February 24, 2012 at 1:20 pm

    “Titanic” is indeed highly appropriate.

  3. mojo says:
    February 24, 2012 at 2:18 pm

    Deck chair reorg comittee meeting on the fo’csle…

  4. Yojimbo says:
    February 24, 2012 at 8:58 pm

    The depth of his comments are now just sinking in.

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