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Tsipras Rejects EU Ultimatum, Demands Bridge Deal: "Greeks Can't Take More Disappointment"
Speaking defiant tone on Sunday evening, Greece's new Prime Minister Alexis Tsipras showed no signs of backing away from the commitments and pledges he and his party made to the Greek people (and that so many staunch status-quo huggers believe he will back down from). Raging that Greece "won't take orders by email" any more, Tsipras warned "Greeks can't take any more disappointment, " and pointedly stated that Syriza "will make Greece economically autonomous," in about as strong a rejection of the EU's ultimatum as is possible by not requesting a bailout extension and exclaiming unequivocally, "we will keep our pre-election promises. This is non-negotiable." This is not just a Greek crisis but a European crisis "and the solution will be European."
- *TSIPRAS SAYS WILL BREAK OLIGARCHS' HOLD OF POWER IN GREECE
His speech began aggressively:
- *TSIPRAS SAYS GOVT WANTS GREEK PEOPLE TO REGAIN SOVEREIGNTY
- *TSIPRAS SAYS GREECE "WON'T TAKE ORDERS VIA EMAILS" ANY MORE
- *TSIPRAS SAYS AUSTERITY IS NOT AN EU RULE
- Tsipras "Winning back our sovereignty, restoring equal role in Europe, tackling humanitarian crisis are among our key targets"
- Tsipras "I am fully aware of difficulties and responsibilities"
- *TSIPRAS SAYS REBUILDING GREECE WILL TAKE YEARS
But then Tsipras appeared to take direct aim at Germany and the EU's demands...
- *TSIPRAS SAYS GOVT WILL MAKE GREECE ECONOMICALLY AUTONOMOUS
- *TSIPRAS SAYS GOVT WILL FIGHT TO GET OUT OF BAILOUT DEAD END
- *TSIPRAS SAYS WANTS TO NEGOTIATE TO MAKE DEBT SUSTAINABLE
- *TSIPRAS SAYS AUSTERITY WILL MAKE GREEK DEBT PROBLEM WORSE
- "We must build a new independent Greece which is equal to our partners in Europe."
- *TSIPRAS SAYS GREEK GOVT WILL FULLY IMPLEMENT ELECTION PLEDGES
- "We will keep our pre-election promises. This is non-negotiable."
- *TSIPRAS SAYS GREEKS CAN'T TAKE MORE DISAPPOINTMENT
- "We will put an end to presidential decrees and bring back respect for the constitution"
These seem about as strong a threat/promise as a leader can make that GREXIT is coming!
- *TSIPRAS SAYS GREEK GOVT HAS NEGOTIATING STRATEGY
- *TSIPRAS SAYS COMMITMENT IS TO SERVE INTERESTS OF GREEK PEOPLE
Then Tsipras takes aim at previous governmental decisions...
- *TSIPRAS SAYS THIS WILL BE GOVT THAT STAYS TRUE TO ITS WORD
- "The previous gov't wanted its successor, but also Greece, to fail. They forgot to account for Greek people"
- "The Greeks will take part in the negotiations - not just technocrats."
- "Our partners wanted 6-month extension of bailout but previous gov't demanded two months"
Finally he concluding, fire and brimstone exuding...
- "Things are difficult in Europe, but they are changing. Greece will play a leading role"
- "The problem is not just Greek - it is European - and the solution will be European"
- *TSIPRAS SAYS CRISIS NOT JUST GREEK, IS EUROPEAN CRISIS
- *TSIPRAS SAYS WON'T NEGOTIATE ON GREEK NATIONAL SOVEREIGNTY
- *TSIPRAS: GREEK PEOPLE GAVE MANDATE TO END AUSTERITY, BAILOUT
He ends with his demands, clearly rejecting Europe's ultimatum by not asking for a bailout extension...
- *TSIPRAS: GREEK GOVT WON'T ASK FOR BAILOUT EXTENSION
- *TSIPRAS: GREEK GOVT HAS NO RIGHT TO ASK FOR BAILOUT EXTENSION
- "We want a bridging deal - until June - to give us a chance to kickstart development."
- "We're asking for bridge agreement until summer. Despite difficulties, this is possible"
- *TSIPRAS SAYS CONFIDENT GREECE CAN REACH AGREEMENT IN 15 DAYS
- Greek PM Alexis Tsipras says minimum wage will be raised to previous level of €751 but gradually until 2016
Here is Reuters' take:
Greek PM Tsipras says EU bailout failed, rejects extension
Greek Prime Minister Alexis Tsipras on Sunday dismissed his country's European Union and International Monetary Fund bailout and said he would not ask EU leaders for an extension. But he said it was possible to negotiate a transitional agreement with lenders by the end of the month to tide Greece over until a new debt pact had been reached. "The bailout failed," he said in his first major speech to parliament as premier. "The new government is not justified in asking for an extension ... because it cannot ask for an extension of mistakes,"
Greece's current bailout expires on Feb. 28 and the EU wants Athens to apply for an extension, including the commitment to reforms. Greece has ruled that out, setting the stage for clashes in the coming week at an EU summit and finance ministers' meeting.
In Tsipras' own words:
We need an honest negotiation with our partners that does not condemn the greek economy and society to unending recession
— Alexis Tsipras (@tsipras_eu) February 8, 2015
Our government's slogan is: Democracy everywhere. Austerity did not just impoverish our people but it deprived them from the right to decide
— Alexis Tsipras (@tsipras_eu) February 8, 2015
We will move to implement the greatest institutional reform ever in the country, aiming to declare war against corruption and tax inequality
— Alexis Tsipras (@tsipras_eu) February 8, 2015
In summary:
- Greece cannot back down (mandate is clear)
- Greece rejects bailout extension (implicit GREXIT unless EU backs down)
- Europe cannot afford repeat mistakes - will not humiliate one nation.
- Greece's first priority: humanitarian disaster
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What do Arius and Draghi have in common?
Both are egregious pieces of shit.
Go little Greece go!
EU will back down - they're too scared. Technocrats shown to be the elitist pussies they are
The EU has to back down. Don't think that Spain isn't watching this with great interest. If anybody leaves the Eurozone it'll be Germany.
Since I can't pay on my bankrupt loans and you won't renegotiate them with me, how's about paying yourself back with a bridge loan to me so you don't have to write off your debt, which I'll likewise not pay back, to give you guys some more breathing room until you realize that I already toldja I ain't gonna pay you back.
Excellent summary.
Print the Drachma!
that and avoid grassy knoll areas
We grassy knolled some people.
I just had to do that once. Please forgive me.
We will move to implement the greatest institutional reform ever in the country, aiming to declare war against corruption and tax inequality
10:34 AM - 8 Feb 2015 Would like to see this happen in USofAOnce you do it once, you're hooked...
let's say they reneg on their debts, whether or not they bring back the drachma they still have the same problems that got thim here in the first place, i.e. spending more money than they take in taxes.
New Drachma will have engraving of smiling tieless Tsipras and Varoufakis pulling shit covered Merkel, Draghi, Schnable, and DJissboom via nose rings through the streets of Athens.
@knukles...... genius!! hahaha
The current Greece gov't knows these simple facts:
1) If they want to remain in power they will keep giving hand outs
2) They failure to pay the EU fascists this will cause serious hurt to the EU
3) Greece's gov't does not have the ability to pay in the long run
4) The bailout is funding the current leftist's opposition
In the end it is all a dog and pony show. The leftist will keep giving hand outs to the people while defiant and demand a bailout. No way to lose there.
Expect the following:
1) Derivatives will be triggered.
2) Banks will not be able to cover those bets.
3) Grexit. Contagion. Chaos.
4) PM´s and stock markets will be volatile as hell and the manipulations unprecedented.
5) Greenspan will be correct regarding his latest statement.
6) The Great Reset: sometime this year.
Get your shit together. War will not be far off.
There's a good chance the PTB will go along with this. It's kind of like the REO guy at a bank who avoids selling a bad foreclosure so that the loss doesn't have to be written off against the books.
Your words, knukles, can be immediately carved in marble and installed on the facade of the EU parliament.
Stop - It's Panzer Time!
Whether these guys mean business or don't realize what they're about to unleash is of no concern to me...
BURN BABY BURN
This is so fun. It might be the popcorn moment we have waited for.
I wonder if Blankfein and Dimon have shit themselves yet?
No doubt in a frenetic meeting with German and French Banks and lawyers in redefining what constitutes a Devivatives Default.
If a party to a contract fails to pay when payment is due how much farking wiggle room can there be in the farking definition of default.
I wonder if Blankfein and Dimon have shit themselves yet?"
Why should this weekend be any different from any other?
Greece's courage is indeed admirable.
If Tsipras were really courageous, he would pull Greece out of the EU immediately and would not ask for a transitional agreement with lenders to tide Greece over until a new debt pact could be reached.
I agree with this.
The statement looks like a pile of gibberish. Are they actually going to do something as heads of State OR DRAMATICALLY ESCALATE NEGOTIATIONS?
He has to have the people's support for this first, perhaps via a referendum.
Hey agent Durden,
you forgot to mention the free food, free electricity and free accomodation for thousands of people (paid by what?). Also the rehiring of 1000s of useless state employees. Didn't fit the agenda?
And another little piece from Tsipras: Immediate naturalisation of immigrants children.
And another: Minimum wage to €751.
And another: make it superhard for private enterprises to lay off people.
Been saying it for weeks now.... What is the ACTUAL plan to restore the Greek economy? More socialism? This guy sounds like a college freshmen who wants to occupy the student union building. "Bridge Loan" = free money with no conditions. Nut up or shut up. Leave the EU, print your own currency or STFU. If I'm Germany, I tell this guy to go pound sand.
'Immigrant stew' in less than two weeks. This shit is going to be horrible, and all on YouTube.
Superficial comment's, he wants his country back. What he does with
it is his and the majority of his people to decide, not some twat in Brussels
It's to easy to say I want out. He is giving these surfs an option, sort it out
or you kick us out and deal with the real problems of this pretend
fest.
He is a fuckin communist. What superficial comments? Also he is power mad, using the problems to get more power. Or did you think he is the first politician of pure heart???
We all know more socialism will result in failure. At least now the big banks will get what has been coming to them. Greece is not without the majority of blame here; their governments have done the same thing as governments around the world by giving away free shit to maintain power, running up that debt and taking care of the oligarchs. Its game over and this is the first domino to fall. In the end money will only flow to those who are self reliant, responsible and accountable and the rules will change so banks CANNOT create self serving high risk 'solutions' to simple problems and rake in huge fees. Corrupt governments must fail along with the corrupt big banks.
The trick is to let progs stew in their own juice, always. At the very least Deutschland can separate themselves from this continued fiasco.
TSIPRAS SAYS AUSTERITY WILL MAKE GREEK DEBT PROBLEM WORSE.
This is the John Perkins recipe for perpetual slavery to the elite.
TSIPRAS SAYS AUSTERITY WILL MAKE GREEK DEBT PROBLEM WORSE.
This is the John Perkins recipe for perpetual slavery to the elite.
a simple "fuck you" would suffice
I hope they have a plan to default in the middle of the night on all Troika debt + impose capital controls to protect Greek bank deposits at the same. Then introduce their own currency and tell Draghi to go home and get his fucking shine box
Middle of the night? I hope they don't do it at the Friday close.
I hope they do it on a Monday at 9 AM.
Get his fucking shine box, I LOL'd love that Goodfellas reference.
"we will keep our pre-election promises. This is non-negotiable."
This is what happens when you elect officials that are backed by the bankers. They keep their principals that got them elected in the first place. Anyone with any ties to the bankers (ie Ted Cruz) or politicians that take bankers donation money should not get our vote. Bankers got us into this mess and they will not get us out of it!
They will finish off the dollar in the next few years (if even that long). Its already lost over 95% of its value since 1913 (Thanks Fed!). Don't kose more of your wealth due to inflation. Buy silver! A great way to get someone interested in silver is giving them a candle with a silver coin prize: https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu
They will learn that tehir silver coin is worth way more than those zinc coins we call money today!
Silver has an intristic value BUT also has an productive value like copper. Thus as the country goes into depression, the productive part of siver will diminish while the intristic value will advance. Gold is somewhat different in that the productive percentage of its value is much less. You can see that throughout the last several year's charts. Small 90% silver coins in case TSHTF and gold for recession or hyperinflation value is my plan.
So, you are never going to vote again.
I'm cool with that.
haha...our political scene in the US is pretty bleak isn't it. I will likely vote 3rd party again. I do not believe the GOP will let Rand win the nomination. Local politicians have a shot however. Look at Amash from Michigain or Massey from Kentucky. They are outstanding!
dow 20k tomorrow.
25,000.
I don't give a flying fuck what the market manipulators do anymore, send it to 100k for all I care. The empire is burning down everywhere, all those gains won't be worth the 9" knife at your throat once chaos ensues.
Me thinks Putin is getting a hard-on!
They gots lots of islands that they could do a long term lease on.....
Big MoFo airbase!
I salute their spirit, but don't quite understand what happens next for them.
Either way they are screwed. " Give me liberty or give me death" comes to mind.
"GIVE US YOUR FUCKING MONEY!!!!! We DEMAND it!!!!"
Get a frick'n job and work for it.
Was that directed at the banks, or the Greeks?
The people who believe that they deserve other people's money without the people being taken from freely, willingly, wanting to give it to them. So, not directed to capitalists as dealing with capitalists is purely voluntary.
Depending on what you mean by "banks," I have money in banks (as well as a credit union) and voluntarily do so because they offer me a service that I want to buy. I do so of my own free will. Why would I have a problem with them? If you mean central banks who are taxing the population through inflation so that politicians can spend, spend, spend, yes. Of course it is also directed at the slugs who believe that other people owe them some or all of their income.
Didn't the people want to go back to work from which they were locked out? Some of these people had their property taxes increase 1000% and it was tied to their electricity bills, so if they didn't pay their taxes, they didn't have electricity either.
This is a land grab by the elite, imho. But then, I don't have an American flag flying from both sides of my car, so what do I know?
So you agree that it is a problem with the government. Banks don't and can't increase property taxes.
"So you agree that it is a problem with the government."
A problem with corrupted gov't, yes. Corrupted by whom, I wonder.
"Banks don't and can't increase property taxes."
Not directly(yet), but then we all know who ultimately yanks the chain in the debtor/creditor relationship, don't we.
Didn't the people want to go back to work from which they were locked out? Some of these people had their property taxes increase 1000% and it was tied to their electricity bills, so if they didn't pay their taxes, they didn't have electricity either.
This is a land grab by the elite, imho. But then, I don't have an American flag flying from both sides of my car, so what do I know?
Comandante Tsipras dreams of emulating Comandante Chavez.
LOLOLOLOLOLOLOLOL
So, Comandante Tsipras thinks that Greece is (wait for it.............) ...equal to Germany?
LOLOLOLOLOLOL
LOLOLOLOLOLOL
LOLOLOLOLOLOL
What hashish was he smoking?
I think some of the ZH ers are confused, they want greece to blow up the euro (which is a foregone conclusion with or without greece) but they are cheering on the very problem that got everyone here at this same moment in time in the first place. I understand them holding the opposing positions under the same hat at the same time, it is emotion. "Feelings" not rooted in logic. Down arrow all you want but come to terms with it at least and then deal with it. Admitting you have a problem is the first step.
so this place isn't the local AA meet? OK I'll go then but you people just can't admit to having a drinking problem
Admitting you have a problem may be the first step, but unfortunately, that realization usually comes last. I believe it is commonly referred to as "hitting rock bottom".
equal in what? money fraud? ECB? bailout banks or nato expansions?
European union is a union by the name, not some cabal slave land, oh wait
Who in their right mind would buy a gold coin that say's $50 for 1200 US Dollars, am I missing something or something?
(sarc)
so basicly he ment : "i reject your money, giv' me some till i can't think of beging some more in june" ???
Yup. Free shit army theory repackaged in emotions and patriotism. Lefties are great with words.
P.S. Hopefully he can get some growth going to help out a bit. Otherwise........
P.P.S In past posts I had warned about allowing comments designed for internal consumption by the masses being confused with actual international relations.
Make friends with Greek farmers; the best insurance policy you can buy....
Ranting against Germany and the European Central Bank is cheap rhetoric. It is easy to do and just as easily ignored. What is he doing against the corrupt oligarch system? What is he doing to mobilize the Greek people against their internal enemy? What is he doing to encourage solidarity with people around the world who sympathize with the situation of the Greek people?
Greece and Germany are playing chicken.
Tsirpas just publicly announced he's locking the wheel.
Tomorrow should be fun.
Hey Brooklyn,
Every day seems to be fun nowadays. Scary fun! If it ain't Ukraine, it is a half dozen other places where TPTB poke their noses and threaten war.
Greece and Germany are playing chicken.
Tsirpas just publicly announced he's locking the wheel.
Tomorrow should be fun.
In other words pandering to the lowest form of reason, human emotion. I think if he wants to be free of the shackles of the Euro he should just bring back his own currency and be done with all of the theatrics, hmmm?
Part of his pre-election retoric said "they wanted to keep the Euro". It looks like he is doing everything he can to keep the Euro knowing full well that there is probably a Drachma in their future.
No currency (other than free money) can cure what ails Greece.
I've been reading headlines on Zerohedge about Greece leaving the Eurozone for more years than I can remember. My children were born and learned to read headlines on Zerohedge about Greece leaving the Euro, and now their children have begun to read Zerohedge headlines about Greece leaving the Euro.
Excellent point. See my comment below.
Kind of like Franco dying.
We're not gonna take it.
https://www.youtube.com/watch?v=4xmckWVPRaI
And yet...back down they will.
Any deal struck with "Europe", including what Tsipras says he wants, a bridge only, will result in the status quo ante being restored. The only way out for Greece is the exit, which whey will not take.
Regardless what happens you have to admire his balls. I wonder if Merkel's are deflated yet.
I will make the point again.
Look at the current coercion of Bermuda, Isle of Man and Jersey to lift their skirts and veils or lose their SWIFT connections.
Look at the US and City of London real estate markets where paying cash for real estate is exempt from reporting to the government a la "gotta find the terrorists." - the kings of capital will always need ways to hide and lander their monies.
Greece need only abandon the IMF/EU paradigm and create their own tax and banking haven and wait for Russia and China to arrive with their own SWIFT system.
The Greek people could become a creditor nation within 12 months by simply being the first European centric banking state to reject the IMF kool-aid. Just fucking market Greece the new Switzerland and everyone from Colombia, Tel Aviv, London, Shanghai, and Xianggang will love you and put money and employment in your economy too.
Compare Ukraine and Greece these days and see what happens when you relativitize your sovereignty.
These Young Greeks need only invite German and EU creditors to Athens, usher them into government buildings for high level negotiations and invite the local population to show up and let them know how The People feel about things.
So, the answer to corruption in Greece is to invite all the oligarchs to launder their money there???
Sounds like a great plan.
Actually, while I'm certainly not endorsing it, suggesting the Greeks say
'We won't let you steal from us anymore, but you're welcome to keep what you 've blagged from everywhere else here, for a price'
appears to be one of the more plausible 'modest proposals' offered up by ZHers
+1 to Bankonz. from me, for the lulz at least.
Yes, a theory tried by Cyprus :-)
Hopefully this puts a monkey wrench into their debt slavery plans.
Pull the ripcord Mr. Prime Minister!
"We must build a new independent Greece which is equal to our partners in Europe." HAHAHAHAHA, yeah then you can join the EU.
"We want a bridging deal - until June - to give us a chance to kickstart development."
So they are going to "kickstart" development in 3 months?
lol...NO? what a dream stealer you are... sheeesh...
Tourism could ramp up very quickly if Greece suddenly becomes a cheap place to go to again. Tourism is a massive business opportunity and Greece already has the resources and infrastructure in place. I'm pretty sure that Spain's population effectively doubles every year because of tourism.
Sounds like a shovel ready infrastructure project --
A bridge to nowhere.
"You brng the heads of conquered kings to my city steps, you promise my people slavery and death"
Oh ive chosen my words carefully"!!
THIS IS SPARRRRTAAAAAAAAA!!!!
First European leader to stand up and call a duck a duck and everyone is in shock.
This is a testament to how delusional the technocratic oligarchs are, they seriously think people are going to stand by and do nothing while they pillage all the small nations in europe to enrich themselves. . .
I don't agree with everything Tsipras says or advocates, but atleast he has the balls TO DO SOMETHING other than bend over and let the Nazi German EU scrubs keep pillaging the future of nations.
For small nations like Greece the EURO implementation and austerity was nothing short of attempted Genocide.
All the young able bodied men in Greece have left the country, there is quite literally no one left there who can work because there is no work for them there even if they stayed.
Greece needs a reboot back to Drachma to give young greeks a reason to come back home and re-establish their roots.... if things continued indefinitely the way they were going with the idiot bankers running the country like a money laundering debt whore . . . there would not have been a "Greece" in 10 years... it would of been a Nazi Banker island resort where the scum of the earth parked their mansion Yachts.
You can take over a Greeks land and his bank and you can even take his freedom, but you can never take his pride... Greeks are a proud people with a never ending moral high ground.... you can not win an argument with a Greek it is damn near impossible because ... we all know whats really going on here.
It was made this way from the beginning
Free makret is good for countries with capital and plants, but free market a bad for weak countries, because they are getting more weaker.
It was made this way from the beginning
Free makret is good for countries with capital and plants, but free market a bad for weak countries, because they are getting more weaker.
"Greeks are a proud people with a never ending moral high ground"
As a Greek Government Employee I agree with everything (munch, munch) you have said (takes long sip of wine) *Burp* We want our jobs back.
Before Greece joined the Euro shit union the Greek govt was very....VERY small, pretty much a handful of people sitting in an office stamping papers (passport applications/travel visa's etc...) as for your statement alluding to the idea that all Greek Govt employees sit around do nothing and drink wine....
I ask you this... WHAT IS WRONG WITH THAT?
YOU SHOULD BE SO BLESSED THAT YOUR GOVT IS SOO SMALL THAT WE CAN ALL SIT AROUND AND DRINK WINE AND EAT FETA CHEESE.
The cops in greece drive from cafe to cafe drinking shots and talking with people instead of beating them down to enforce "rule of law" and "taxes".
Give me a choice between:
A) Government A (Drachma), small govt, pretty much nothing do but stamp visas and arrest murderes and thieves.... spends most of its time drinking with the citizens.
B) Government B (Euro), big govt, run by a foreign banking power who dictates the laws, hires a lot of police and tax collectors to harras the citizenry, still drinks and eats like a pig, but now is too cheap to share with the citizens.
I would gladly pick A.=, you are going to endup with some kind of govt... might as well be a small/useless one that doesn't cost a lot of money... booze is cheap... food is cheap... especially when govt doesn't tax the shit out of you for producing it.
If Greece drops the Euro and boosts tourism it could suck in all the tourists who go to Turkey or Italy - it could boost itself by trading as a Club Med nation with everyone and consolidate all the banks into one bank
You mean like how they were operating successfully for hundreds of years until the Euro came and fucked it all up with high taxes, and high tourism costs that drove tourists away and caused the Greek tourist based economy to completely collapse?
Greece has been operating successfully for hundreds of years? Ahhh, that would be a no. Greece has defaulted on its external sovereign debt obligations at least five previous times in the modern era (1826, 1843, 1860, 1894 and 1932)
http://www.investopedia.com/financial-edge/0911/the-history-of-greek-sov...
So has the United States.... a duck is a duck.
U.S. Defaulted in 1930s, 1980s, and a few failed currencies before that.... not to mention that the country was pretty much founded by a default against the King.
Defaults are the natural order of things its how people put the past behind them and start to build a future.
The monetary systems we use are not meant to last more than 30~50 years.... every new generation pretty much gets its own monetary system at one point or another.
The Euro is a failed system, just like the Dollar is / was a failed system numerous times.
The Drachma did not fail for the most part, it was abandoned because the Euro came with promises of peace, prosperity and economic cooperation , which clearly was a great big lie because all the Euro did for Greece was cause massive unemployment, inflated prices of goods most Greeks used to get for free from their neighbors.
What people fail to understand is, the majority of Greece DOESN'T EVEN NEED A CURRENCY, most of Greece is farmland, where farmers OWN their land and their livestock and they produce food and fuel and booze and energy at home........ people have tons of cheese, lamb, chicken, eggs, milk (so much so its impossible to sell to eachother cause everyone HAS their own).
The Euro is only spent by Greeks for the following....
TAXES (The euros people earn only go to pay taxes, taxes that they never even had before the Euro was implemented)
Cell Phone Bills (you need tax papers to get a fucking cell phone in greece)
Electric bills for people who live in city
Internet Bill for people who live in city
Gasoline for farm trucks
There is no advantage for Greece to be in the euro
Under the Euro:
Greeks pay more taxes as a % conversion of their labor
Greeks pay taxes on shit they never used to pay taxes on (homes for example)
People traveling to Greece pay almost 60% of their plane ticket expenses to taxes to keep the Greek government operating in Debt ( this drives away tourism)
People buying stuff in Greece pay more taxes ontop of the things they buy at stores to keep the Greek govt operating in Debt.
Under the Drachma
Almost no one in Greece pays taxes
Everything is pretty much affordable
The value of Drachma is kept low so people flood into the country , spend money and party
Everyone keeps what they earn and there was very little/no taxes on stuff you owned
Everyone spent all their money living life, making improvements to their homes etc..... now under the Euro everyone is Broke and Greek supermarkets are shut-down so that German super markets can run profitably.
In Greece most of the supermarkets are GERMAN, most of the Cell-Phone stores/shops are owned by GERMANS....
The Euro was an economic/tax take-over of Greece.
This is why the Euro council does not want to negotiate with Greece because the entire point of getting Greece in the Euro was to pillage and plunder it and completely take it over politically and economically.... the only way to do that is to keep the debt shackles on Greece.
So this new government is breaking the chains and trying to negotiate for the creation of a sustainable partnership and the oligarchs are enraged and want to cut their losses... its plain as day to see.
Yep. The EURO was a disaster for Greek tourism. Before the Euro there were books like "Greece on fifty dollars a day". The country was packed. Charter flights were running out of JFK daily (Remember TowerAir?) Now you can't even get a non stop flight from US to Greece any more unless you pay Delta $1300 round trip for the privilege.
Everyone here loves this guy's "Fuck the EU" rhetoric-- but what is his solution after he identifies the problem?
He says he will not apply for an extension of the current rescue package...
But wants a bridge loan bereft of any strings instead.
He says Greece is bankrupt...
But then raises everybody's pensions and calls all the laid-off government employees back to "work".
He defies the ten-day deadline...
But then says that it can be done in fifteen.
The whole point of the rescue was to gradually wean Greece away from a northern EU lifestyle it could not afford without continually borrowing more.
What happens in a Grexit?
The gradual weaning becomes instant shock therapy for the citizens of Greece who can no longer borrow to maintain their lifestyle.
The EU taxpayer gets ripped 250 B that has been transferred off of private balance sheets and onto public ones.
The big banks witness a net inflow of funds fleeing Greece pre-Grexit.
Greek banks get destroyed and Greek depositors get shiny new shares in the approaching Hellenic bail-in.
This guy is as much of a spend-other-people's-money socialist as the people sitting on the other side of the table. He may quack like a rational libertarian when it comes to calling out the problem, but it is his actions that show he has no solution other than free money from outside Greece.
Big trouble ahead. For everyone, but Greeks especially.
I suppose it is very fun to pretend we all exist in a vacuum and intellectual simplicity rules the day. Unfortunately, that is not the case and no matter how many false memes are spread, reality will always be a bitch.
The real troubles started when EU started. Since then prices and crime and lies and corruption and imbalances have increased x-fold.
While we, the poeple, have gained nothing.
For the future we face even more devaluation of the promised stable curreny, more cronyism, more stupid regulation, more lies, more crimes, stealing of our earlier liberties, financially and economically, sending zillions of money into Ukraine which no one wants ... so I and many others will not have the slightest problem once this stupid idiotic "throw 'em all into one kettle" finally ends and blows up - and our individual countries finally are back on their own. For the individual almost nothing will change - just crony capitalism rightfully gets a mighty slap into its rotten face.
Long live Greece.
Power to the poeple.
Power to our countries again.
Nuland was right: Fuck EU.
And Fuck that war mongering USSA which never ever stops meddling into foreign affairs and just brings chaos and civil unrest and cronyism and destruction where ever they try to get their hands on.
Hopefully Greece can make it back to their original freedom and currency. And maybe they have even learned from the past and even throw out all those parasites and oligarchs and useless corrupt parties because of which they are suffering today.
Unfortunately though - nothing changed ever - since Stonage.
So likely nothing will change into the futures.
Give 'em a few years and the parasites will be back.
But still - good luck and power back to the Greece population.
Even a mistake may turn out to be the one thing necessary to a worthwhile achievement.which will it be?
up arrow https://www.youtube.com/watch?v=eZeYVIWz99I
or
down arrow https://www.youtube.com/watch?v=sZrgxHvNNUc
I say stocks are all green tomorrow on this just terrible news
Greece is not exiting the Euro voluntarily
If someone loaned greece lets say 3 billion in gold without it leaving their vault lets say. Greece printed a gold back drachma, the fractional reserve system took that to 60 billion. Should be plenty, what am I missing?
Ridiculous. Owing 300bln and having demands like this. It is only natural that the lenders are asking for earnings power to be restored and cutting spending is part of that equation. Socialism isn't the answer.
The 300B was bullshit monopoly money to begin with that was used purely to enrich non-greek banks. Socialism seems to be working ok in Iceland and Singapore.
This fits right in.
https://www.youtube.com/watch?v=Z_JOGmXpe5I
I think now is a good time to invest in, Depends.
What is the difference between a bailout extension and a bridging deal? And why nothing coming out of proud greece about how the citizens are working to keep things going when the external cash stops? I think it was on here where the greek judges made it unconstitutional to cut their pensions. What a worthy goal-just make it illegal for others to stop giving you money.