Platinum Prestige Balance Transfer Rate Expected To Ease Debt Crisis
|CHN File Photo: Picture of a drawing of the Greek Flag|
Athens (CHN) - President Karolos Papoulias has officially notified the European Union regarding plans to increase the nation's credit capacity while transferring some existing debt through a recent online application for a Capital One Platinum Prestige Card.
The move, prompted by the latest S&P credit downgrade on the Balkan Peninsula country to 'credit watch negative'; is expected to generate between $2,500.00 and $5,000.00 ($U.S.) in new credit capacity. The decision follows a well placed television advertisement during halftime of yesterdays PAOK Salonik 2 to 1 victory over Panathinaikos.
President Papoulias and Prime Minister Giorgos Papandreou are said to have been absolutely enamored with Alec Baldwin's portrayal of a popular Hollywood Actor turned credit card pitchman. However, the deal stalled for several hours as the Greek Finance Minister determined that the card did not allow for custom images, as previously used on the nations existing maxed-out credit card through Discover.
Public Unions have already expressed dissatisfaction with the deal, citing the lack of cash back and mileage package bonuses for purchases made at gas stations and restaurants.
European Union Member Nations are expected to ratify approval for the debt solution package in the coming days; as of press time there was no official word on Greek plans to walk away from a 5-year ARM taken out on the Islands of Kythera and Antikythera.