- advertisements -
They will not let Greece go until they are convinced the Eurozone can withstand the shock. Then they will let go. The reality however is that the Eurozone is dead and buried. The Euro is very much a dead currency at this point, European banks are insolvent and the EU is headed towards a brick wall. Next up:The dollar and US banks. The more I look around, the more I feel that the system is about to reset. Big time reset.
Bend over and take it like a Greek.
We prevented the communists from taking over right after we kicked out the Germans. The Germans have been thanking us profusely for the last 66 years for getting them out of Greece. maybe we should have muted Winston Churchill and let the communists win. I've got some friends in Thessaloniki and I told them 15 years ago that they couldn't last the way they were running the country. Everyone, everyone, was "retired" - maybe working a second job for spending moeny but still retired. They are scared right now, pulled their money out of banks and bought "stuff" that can be moved out of the country.
It's funny how for boomers, with thousands of years of history to reference, things always have to come back to WWII or the 60's.
This is what the future holds for the US. We should be paying attention and taking notes.
The property tax will be never work, so the deficit will rise. There is no infrastructure in the power companies to cross check data about square meters, or who is uneployed or not. On the top of this, it is unconstitutional to cut the power supply if someone dosen't pay an extra tax. Troika is doing her work, reporting as such, but there is not even one chance that Greek people will pay the relevant tax, especially during this timeframe that are paying the power bill in installments
the greeks have already taken a huge "haircut" on their standard of living, it seems they are at their wits end. the taxi drivers are pissed because they took out large loans to pay for permits but now they are facing compertion from guys who havent paid large sums of money for permits and dont have huge debts to pay. i get their point the rules have been changed half way through the game and they are getting hosed the govt should give back the money they took forr permits. all the stories coming out of grecce have another side to them
dont you guys get it the greeks are being set up as the patsys for the collopse
it will be in the history books "the economic collapse of 2012 was the fault of the greeks" there will be no mention of bankers
Too bad their standard of living was financed entirely with borrowed money and totally unrealistic given their lack of a work ethic or any sense of responsibility. Its hard to feel any sympathy for anyone who goes on a spending binge by maxing out their credit cards and then tries to play the victim when the bill comes due.
The Greeks are not being set up as patsies. There is no one more richly deserving of being the poster child for the failure of the Eurosocialist Ponzi scheme.
Its a shame actually that we can't have both A) Greek bondholders taking a huge haircut for being stupid enough to lend to these spoiled children and B) the Greeks being forced to repay every euro they borrowed, with interest.
Ron, everyone's standard of living is financed entirely with borrowed money and totally unrealistic. Why blame the patsy?
That may be largely true of siesta countries like Greece, but it's simply not true of many people in northern Europe, the US, Canada and Asia who work hard, pay their bills and live within their means.
Those peoples' patience with subsidizing lazy moochers is rapidly wearing thin.
Todays headline in Greek Newspaper...
ARE YOU READY FOR REVOLUTION?
Look at it from the Greek people's perspective, why change? They want to keep their piece of the pie and like most cultures sacrifice is for the other guy. Imagine what the return on investment is for a few days of protesting and not doing what needs to be done, they have been able to keep up the status quo.
On most of the .gov contracts I've been on, most .gov employees are like the Greek people. Their punishment when not doing their job is less reponsibility and less expectation....what's not to like.
More teachers paid to do nothing: 700 in New York City alone
Fred Sanford: Oh, this is the biggest one I ever had. You hear that Elizabeth? I'm coming to join you honey.
The strategy has to be suck as much as you can until the very end.
"Suck for Luck", Greek-style.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.