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Greek Government Blasts Germany's Arrogance: "It's Like Being Asked To Surrender Back In The 1940s"
Germany's government has been "overtaken by arrogance" in its approach to debt negotiations, a Greek government source reportedly told Sky News. The senior Syriza politician likened Germany's current tactics to those of the Nazis, exclaiming "It's like being back in the 1940s, being asked to surrender." We are sure that will make negotiations run a lot smoother (but comes on the heels of various jibes at The Greeks by Wolfgang Schaeuble).
Germany's government has been "overtaken by arrogance" in its approach to debt negotiations, a Greek government source has told Sky News.
The senior Syriza politician said Athens would call for an emergency EU leaders' summit if the Eurogroup failed to convene on Friday to discuss its application for a loan extension.
The new government wants separately to negotiate the conditions attached to the loan at a later date, which has been called unacceptable by German finance minister Wolfgang Schaeuble.
Greek negotiators say it is a "tactical manoeuvre" designed to give both sides more time to develop a new rescue package, which would would be less onerous on the Greek people.
Criticising Germany's approach to the talks, a Greek government source told Sky News:
"Germany has been overtaken by arrogance.
"It's like being back in the 1940s, being asked to surrender."
The €240bn bailout, which came with more than 400 conditions - including reducing the public sector, shrinking pensions and lowering the minimum wage - expires in 10 days.
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Greece - STOP TALKING AND DO THE RIGHT FUCKING THING!!!
TELL THE EU AND THE KRAUTS TO FUCK OFF!
Greece is pulling a Putin and dragging Germany into killing the Euro. They still might get a bailout but they will assuredly default and exit the Eurozone at some time in the future.
This is all Theatre
All theater and a waste of time.
There are bigger fish to fry, almost anywhere you look. Barry Hussein lost big on ILLEGAL immigration, yesterday.
"its like being asked to surrender back in 1940"
You bet it is ... this is economic war ... and if you dont surrender, you know pretty well what they did last time
Nonsense. They're a nation of whores, demanding quintuple payment for services rendered 10 years ago.
u talking bout the US too right?
Sure. But don't tell me that Greece is justified in reneging on the money it 'borrowed'. Sure, Germany should never have endorsed those loans, but Greece us hardly the 'injured party' here.
They have basically stolen hundreds of billions of euros from the rest of the EU. If any nation is the "nazi", it's Greece.
where did that fiat debt come from?
how was it manufactured?
why should its manufacturers benefit from something they created out of nothingness and then lent at interest to another??
who is the theif?
who is the victim?
the MoneyChangers have u.
God Almighty, this is getting ridiculous.
Greece ELECTED to join the EEC. And had to cook their books for YEARS in order to even remotely qualify to do so.
For them to come back now and say "Screw you guys, we never intended to follow your rules to begin with --- now give us more MONEY" after spending like DRUNKEN FREAKING SAILORS for the past seven years (Austerity be damned) is the height of disenginuity.
I have no idea why ZH somehow thinks that these fanatical communists are somehow "fiscally responsible."
Circus side act, perhaps. Match that lights the global contagion yet again, for sure.
But responsible patrons of ANY level of debt? Fucking preposterous!
They're not fiscally responsible. In fact, I'm certain that when things settle down financially their true colors will show, and it won't be pretty *at all*.
But, in the meantime, they're doing what nobody else is doing, they're telling the banks that all this monetized "debt"... is bullshit. They are "morally" correct to do this, if not legally/technically/ethically correct to do so.
Everyone who knows, knows that monetized debt is little more than money printing. But so long as everyone who is deeply in debt bites the bullet, and pays it back, it is effectively a system of enlsavement that can affect people on all levels, individually, communities, states, nations, regions. Greece's current government, for all their absurdities and faults, are the only "developed" nation that is openly telling the banks, "No, that wasn't a slave you just made me, I just robbed you, and I'm going to keep robbing you."
The bankers are long overdue for a backslap, and Greece is giving it to them.
Sure it's all money printing and horse shit. Problem is, everyone wants it when it works in their favor and calls "bullshit" when it doesn't.
If you want to be able to call the "printers" crooks, you have to not participate in the "consumption" part. You don't play the game to begin with by keeping your house in order.
When the U.S. defaults, I don't want to be held accountable for tons of debt I never endorsed, debt hung on my neck by prior generations, grown massively the present-day looters, and now set to choke my children and theirs. So screw the lenders for being irresponsible and trusting politicians I never voted for, who enabled the looting parasites in the Banking Cartels to destroy my ability to save wealth and protect the fruits of my labor, while undermining the economy by flooding it with carcinogens. And screw the politicians willing to hang more anchors of debt around us all so to prolong the feathering of their own nests, and those of their constituencies. Screw them ALL!
There are clear victims here: Individuals who are always victimized by the politicians and banksters who rape their countries while sticking the tab on the riff-raff lacking the power to do anything.
The only solution is liberty, and yet the masses have been brainwashed to blame liberty for their problems when it is government power collectivized among the elite. Hence, they will gravitate to yet more collectivization, and get raped 12 more times, and probably led into war.
Sad, but history always rhymes this way.
The citizens are always the victims. No doubt. And this can only be perpetrated by the state and its minions. The thing I find interesting is that once again, the Germans are painted as the villans.
Personally, I don't see the citizens of Greece as being blameless. Time and time again, when presented with the opportunity to behave productively versus vote themselves gigantic welfare payments, they've chosen the latter. No matter how many times "Big Government" has been proven as an abject failure throughout history, the average Greek voter continues to support these types of big tax, big spend programs. As such, I see them as being ENTIRELY to blame for their financial situation, and COMPLETELY irresponsible in their actions.
That being said, Germany continues to put up with this crap for the same reason any other modern Western government does - Extend and pretend, baby. The ginamic multi-trillion dollar debt overhang we DON'T see, CAN'T POSSIBLY hurt us.
Right??
No one who's thinking clearly is saying that the Greek citizen is "blameless"
But anyone who says that the non-voting or unborn Greek citizen should actually be forced to pay off debt that their priors created is insane.
Enslavement is thrust upon the unborn by all parties who knowingly create debt that cannot be paid off within a lifetime. Banker and Borrower alike are both guilty of this crime, and it should fucking stop.
Nice rant but a simple fact remains: The less you rely on .gov, the less you will suffer.
Also, you are protesting prior to the SHTF and probably have been for years. There is a good chance that you are not part of the Free Shit Army that gladly takes but refuses to give.
They're simply pulling the Greek version is the Race Card. When you're completely in the wrong or have zero argument, pull a race card out of your butt.
The enslavement is voluntary. The greek people wanted the loans so they could continue the bread and circuses. The lenders are more than happy to yoke the future generations when their government will backstop the loans. The borrowers are more than happy to kick the can rather than pay the fiddler.
There are no innocent parties here.
In something that deserves to be called "Rule of Law" there exists a voluntary exit for the slaves from enslavement, and it's called bankruptcy.
Freemoney
You're right, yet when a responsible banker loans money its not just the return on his money he's looking for but the return of his money. Who is the fool if you lend money and can't get it back? Get a mirror out and start learning.
The "enslavement" for greece was agreed upon by wealthy greek elites who will never have to account for their poor decisions because they already moved their wealth outside of Greece. The people who will have to deal with it are the plebes, who only wanted their own meager net worth to not take a nosedive.
If I agree to a loan, that is voluntary.
If my government, most of whom I didn't even vote for, agrees to pay back a loan, that is enslaving a nation of born and unborn peoples.
and the loan was taken out to give free shit to everyone who gladly accepted it and continued to vote for the free shit givers for MOAR!!!! They only complain when it's time to pay. The free shit army includes all those overpaid consultants and other useless bloodsuckers too.
I understand and partially agree with what you are saying. The real solution is to limit the debt a government can burden its people with. Also, when the cuts come, they should come exclusively from government and not from old people scraping by on social security.
Actually, I disagree there. I think if anyone should sacrifice to pay back loans, it's the old people. They're the ones most responsible for the situation as they've been alive the longest. They're also the ones who've been around long enough to recognize their own position and likely future needs. So really, if you're over 65, yeah, fuck you for thinking others should pay the bills you voted in.
Actually this is wrong. When we voted for/ against EU + NATO back in the day, we voted against. It was not a referendum. It was elections. New Democracy was saying they would bring Greece to Europe. PASOK was saying oute of Europe and NATO and that they are one and the same and they wanted out of both. People voted PASOK. That same PASOK government saying all this before the elections subsequentely joined the EEC
The Greek people were not voting against the EU and NATO, they were voting for the free money and jobs he was handing out. They were being bribed and they went along.
A Pap made very good koolaid and the whole country was drinking it. What is happening today is the result.
Greece like a lot of Club Med countries joined the EU in the hope of sidelining their own corrupt governments and getting Northern European government. Instead their elites infested the EU agencies and the corruption went wild.
You have no idea how far the Greeks like the Irish have colonised EU institutions and brought their brand of corruption. Ask how it is in the Eastern States of the US the Irish get to control the Police and the Italians get to control the Fire Service ?
No Doubt.
Everyone knows the system is rigged and how it works but that didn't stop the Greek leaders from doctoring up their data so they could get the FIAT. The people that are suffering are the Greek people at the hands of their own statists and those of the EU, Germnay included. There is no innocents in this. Germnay wants to keep the system going and Greece recognizes it can't
If only the Greek politicians and the EU bureaucrats could BOTH lose this fight.
However it was manufactured, it was done well enough to permit the Greeks to use it to supply food and energy supplies for their country. After all, no Greek was going to pay the cost in taxes to support the Socialists they voted for.
Victim is the remaining itizens of EU who atually put any trust in Greece.
They have basically stolen hundreds of billions of euros from the rest of the EU
That's not entirely true somecall.
Come on, are you seriously telling us fellow Zero Hedgers that the homeless, the families that gave up their children to the orphanges, the young who aren't even working / voting age STOLE these billions you speak off?
No, I'd venture to suggest that collusion had occured between a few powerful greeks, Goldman Sachs (which helped with cooking the books - it is out in the open), more powerful bankers and plutocrats, as well as EU politicians. They all have something in common: They are thieving-scheming elites (probably Zionists too!). However, what they aren't are the majority of ordinary Greek people.
I mean these poor folks get it really bad: the greeks are lazy (yet work the longest hours), the greeks are tax-dogers (yet the majority, barring the elites have their taxes collected source), they don't have honour and so on.
The majority are just ordinary people, they were told lie upon lie, and they believed it (sounds familiar?).
Any which way you slice it, a population of 11 million, of which only 4 million have "ordinary" jobs, aren't going to be able to pay €300Bn they've been saddled with.
So, relax yourself and take a little time to understand the concept of saddling normal people with debts they have no hand in, normal people that are being taxed to the next n-generation for this interest chosenite-infested debt. It could be any country really, the USA, the UK and so on...
"Yes", the Greek government stole that money, knowing they'd never pay it back. Don't pull that "widows & orphans" horse shit with me.
Greece is going to burn. And I've got a ring-side seat.
Hey Timmah-
Kindy send $57,000 for each member of your family to the US Treasury. That is your portion of the national debt. Don't be a thief and refuse- please pay back what you owe.
Hugs,
The Honorable Jack Lew, PhD
So, you clearly consider yourself among the elite, not one of the 'regular folks' at all. From your perspective, whatever the corrupt elite do amongst themselves is the commoners burden to bear.
Why not? It's been working for you for a long, long time.
Things have been changing rapidly, though. The debt burdens have grown too large, and far more 'commoners' are waking up to the game of usury being played on them by a small privileged group. The number of awakened Greeks has reached critical mass, it seems, and the game board is about to be tipped over.
Greeks may get burned, but so will many others with their lips around the teat of privilege. Who really knows the outcome when the daisy chain of default begins, but I doubt if the average Greek has any derivatives exposure
somecallmetimmah
Either this guy's a wind up or he's a member of the chosenite / tribes who fancies himself as a Daniel amongst the lions.
Well, somecallmetimmah,
you've been reading your book all wrong. Zero Hedgers are indeed Lions, but you're no Daniel. You're probably a Levy, a Cohen, a Yellen, a Blankfein, a Bernanke, or a Greenspan even!
Of all the currency 'loaned' to Greece only 5% atually went to Greece, the rest went to European banks that refused to accept their loses on Greek bonds, just like the banks refused to accept their losses in 2008 after much criminality. The simple fact is the Greek people are not to blame, the filthy banks are once again so do us all a favour and stop writing crap.
I'd say there's plenty of blame to go around. Greedy bankers loaning money to obvious deadbeats who have been in default on their debt 50% of the time since 1826. The bankers knowing the structure of the currency will force a bailout of either Greece or their bank if something goes wrong. Then they stick the costs to everybody else (who didn't benefit). Nice work if the middle income, non elites will stand for it. So far they have.
Shit or get off the pot.
by saying merkel is unfairly negotiating, the greeks are admitting they want a deal and the whole exit is a bluff
guess the greeks have nothing to negotiate with
status quo is unchanged and unfazed......end of story regardless of what greeks ultimately do
the never wanted to leave...maybe they'll get booted out
"All theater and a waste of time.
There are bigger fish to fry, almost anywhere you look. Barry Hussein lost big on ILLEGAL immigration, yesterday."
Admin to quadruple admission of Syrian refugees...
http://www.cnsnews.com/news/article/susan-jones/us-expects-quadruple-num...
Program called 'backdoor for Jihadists'...
http://www.wnd.com/2015/02/syrian-refugee-program-called-back-door-for-j...
---
BACKDOOR GUN CONTROL: OBAMA’S ATF PROPOSES AR-15 AMMO BAN
http://www.breitbart.com/big-government/2015/02/15/backdoor-gun-control-...
---
Net neutrality plan misleads the American people
http://www.cnet.com/news/republican-fcc-commissioners-net-neutrality-pla...
"All theater and a waste of time.
There are bigger fish to fry, almost anywhere you look. Barry Hussein lost big on ILLEGAL immigration, yesterday."
And how about these developments on the NSA bacdoors built into all hard drives.....
http://sputniknews.com/us/20150217/1018397423.html
Absolutely reeks with guilt, more below:
http://sputniknews.com/science/20150217/1018400669.html
http://sputniknews.com/us/20150218/1018404478.htm
Yes I truely hope so. Expensive for us all (Europeans) on the near term, but so much better on the longer term. Perhaps yes/no financially (lots of arguments go either way), but 100% better on all moral grounds. After the EU dissolves, the US should do the same (and I truly mean that in a positive way).
The real costs are the unseen ones.
Well yeah, what did you expect?
they don't have the guts and besides the begging bowl is easier
"TELL THE EU AND THE KRAUTS TO FUCK OFF!"
Yeah, that about sums it up in my books. ;-)
Sign that its over...recriminations have begun
Germany: OK, give us back our money and we will never bother you again. Oh, you don't want to pay back the money? And you want us to give you more money? And you think WE are the crooks?
Kiss my ass.
Hey addahere-
Kindy send $57,000 for each member of your family to the US Treasury. That is your portion of the national debt. Don't be a thief and refuse- please pay back what you owe.
Hugs,
The Honorable Jack Lew, PhD
Wow, that sort of dialog means this shit is toast.
So what happens when they run out of candy? Do the Greeks head east to the Russians?
The Greeks need to put away their tin cups, and go back to molesting sheep and leetle boyz.
Oh phuck those toothless threats. Go to the Russians, who gives a phuck!? Not me, not one bit.
Getting my popcorn ready
why wait? the show is now.
Saving my popcorn for the shit show.
This posturing is just the piss weak warm-up band that you have to endure when you are waiting for the main act to come on stage.
yea, i got plenty and got hungry. not sure of outcome yet. main act mgiht be can kick and then i won't be popcorn enthusiastic...
You get the popcorn. I'll get some sleep. This is old and boring.
Greece has been through how many government changes? Has anything changed with their reset?
Nope. Quite frankly the Greeks are pissing me off for dragging this shit out so long. I'm ready to nuke them.
Someone has got to stop Germany,..from trying to take over the world !!
Thank God for the Superior Greek mind.
that is a biiiiiiiiiiiiiiiiiiiiiiig streeeeeeeeeeeeeeeeeeetch.
He's quoting Mr. Panos, spokeman for the "genius, genius, genius Greek people.", BTW.
Mr. Panos on the last "bail out" :
https://www.youtube.com/watch?v=Zvl9N9GdraQ
Genius! Genius! Genius!
I know that phucking /s tag is there somewhere, still looking, otherwise complete utter phucking (fat ass greek) bull shit.
"The senior Syriza politician likened Germany's current tactics to those of the Nazis"
And they should know.
(With all necessary apologies, of course)
Well, he entered the Euro using Goldman Sach's best
Grexite-able boy, they all said
Then the credit swaps blew up, leaving quite a mess
Grexite-able boy, they all said
Well, he's just a Grexite-able boy
He imposed austerity like the Eurocrats said
Grexite-able boy, they all said
Then the peasants revolted, tried to chop off his head
Grexite-able boy, they all said
Well, he's just a Grexite-able boy
After four long years he owed more than before
Grexite-able boy, they all said
So he told all the Eurocrats "I won't be your whore"
Grexite-able boy, they all said
Well, he's just a Grexite-able boy
And the Eurocrats thundered, got their grumpy-face on
Grexite-able boy, they all said
He said "We either default, or here comes Golden Dawn"
Grexite-able boy, they all said
Well, he's just a Grexite-able boy
Ooh-EEE-UUU-UUU, E-U, Grexite-able boy (repeat; play out)
Greeks are pushing their luck with all this WW2 stuff. Bad things were done but rubbing Germany's face in it over and over is not likely to get the desired result.
The Greeks are both entertaining and creative.
Quite frankly, I find the Greeks boring.
Though I have seen a few good looking women there.
The inventor of the razor blade deserves a nobel.
Subtle, but vonderbar;)
Perhaps, but Germany has been a U.S. puppet for a long time. Either way that Russian gas and oil will get more expensive, speaking of "results"...
follow the money morons, that "arrogance" is coming from Goldman, not necessarily Germany.
Is there any truth to Merkel being one of Hitler's biological children?
Assuming he faked his suicide and lived out his reaming days in South America or the Nazi base in the arctic... haha
perhaps, but generally there's no need to spy on your puppets so perhaps not as much of the US apparatus as you think.
Again, whether or not German is part of the apparatus is quickly becoming irrelevant. Some will have access to calories available for consumption, most will not.
Those who do will still be able to actually do and make real shit, the rest will have trouble simply maintaining the status quo...
Same as it ever was.
It was worth a try, the chosen people are still getting a lot of mileage out of WW2 guilt.
The Greeks are just upset that Germany lost two world wars and still managed to be somewhat fiscally responsible (albeit with some help).
;-D
FETA CHEESE FETA CHEESE...now I'm hungry..
Do an Iceland. Default and jail the banksters.
Then leave NATO.
Every country needs to do an Iceland
Fuck em, go Galt or shut the fuck up. Long past time for the Greeks to fix Greece, period.
This is truly the bottom line. Build an economy, take the pain and get it over with or STFU. More debt won't help.
Greeks are debtors, and they are trying to dictate the terms. Debtors trying to dictate terms? Try that with a mortgage lender - haha! The only way Greece can "dictate the terms" is by defaulting and then living with the fallout. And if they are noble they will re-build in a way that avoids taking on more debt than they can repay - wow! - what a concept - living within one's means - let's see Greece do that, or anyone else do that.
That which cannot be sustained, won't be, period.
"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem."
J. Paul Getty
With a population of about 11 million, only about 3.5 million of whom work, owing over 373 billion in USDs, which of the above do you think applies to Greece?
Beacuse....Nazis!
In other news:
Because...racism!
Sorry Greece - time to exit the Euro or STFU.
This is like watching a 5 year old child throw a tantrum in a supermarket cause they can't get a box of sugary cereal. It sure is noisy but you can't help but laugh and snicker. I love it best when they flop on the floor and do the whole 'dead weight' thing.
sad that it's europe and usa is 5 year old child
sugar daddy, ha...
This is more like a 5 year old that's been hit with the belt one too many times and now has dad's gun trained on him.
Laugh it up!
No, we are far from that still. Next will be the pity play. When Germany pinches back, expect to see stock footage of empty store shelves, moms freaking out looking for baby formula, and slow motion video with sad music of babies crying or trash burning in the street. Then we have a "humanitarian crisis" and "Civil Rights Violations" and whatever PC gooblygook the sniveling pundits want to interject. Then we will have "massive pressure" on the world government to do something.
It is like this every time. There are no sides, its just what they do.
"...and then Angela took the babies out of the incubator and threw them on the floor"
<snifles>
I hope those in the video of this are wearing work shirts that have "Baby Milk Factory" printed on the back. In English.
I guess when all you have left is name calling then that is what you use.
How many days operating cash does the Greek government have left?
Greek Government should have been stacking the shit out of Gold...
they are drawing from the lifeline - daily infusions to the banks(ELA?)reviewed today, i believe. ends 2/28-d day.
Buying gold at $1,800 would have been espeially good.
If the country does not have the ash to fund the pensions and medical supplies, how the hell would Greece come up with the cash for gold purchases?
This ^
Countries can only stack gold when they have an account surplus. The same reason agstacks cannot "stack the shit out of gold". :)
he who owns the gold rules....and that is not the Greeks.....ever buy a Greek car...or a Greek Printing press....or a Greek anything.....maybe a salad....that is all....you have talked your talk..now walk your walk....you are not going to find the Socialism thing is that good....but you derserve everything that is coming to you Greece...
They were doing fine before the EU. They could do a lot better now too as long as they default and have a government that is not corrupt.
What?! They were dirt poor before EU and thats where they are returning with Syriza.
Remember when Adolf stopped buying Greek bonds?!!! The cunt!
it's not about bonds -Greeks didnt take any of this 320bn, most of this money go through germans and french banks in Greece.
320bn is a a tribute to the European Union
Ohhhhhhhh, so all this noise *isn't* about Germany...
is it not obvious? WTF you was doing here all this time?
No the Greeks earlyon used that money to make a Socialist paradice.....they spent it all on themselves...now they have to pay it off...and that is why these new loans seem to only go to paying the interest on the debt..not even the principal....but you can bet the Greeks lived high on the Hog for a long while...but guess what...not anymore....
I love how they keep Godwinning themselves. Maybe the Germans should mobilze an army and show them what 1940 really felt like.
Maybe a Grexit would remind Germany what Dresden felt like. ;)
Grexit won't 'punish' Germany. It'll just get the other southern euro-trash fuck-tards in line. If anything, gre it will save the euro zone from certain destruction.
I do not think the word 'save' means what you think it means.
In 1940, it was Italy that invaded Greece. Plot twist??
Indeed. I was sitting here trying to recall if a national government had ever violated Godwin's law before....then I remembered: http://preview.tinyurl.com/k5augzp
I'm assuming you mean other than Israel?
Ah yes, we come full circle back to those "God-damned Jews", again.
Actually, the Greeks make some pretty nice HK pattern rifles, and .308 ammo.
Really?
Gold imports permitted on consignment
http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=9573&Mode=0
SHOTS FIRED
Just when we think we have a kernel of truth it ends up a Colonel Sanders of truth: 5-day old grease (or Greece) hidden within a pleasantly chewy exterior.
Whatever you do don't mention the 40's . . . . aah , too late!
Germany's government has been "overtaken by arrogance"
I think "overtaken" is a poor word choice. The Germans have ALWAYS been arrogant except for those moments when they have to duck due to th gunfire of their pissed off neighbors.
I think the Greeks are getting the Germans without the mask, pure and unfiltered.
Words of a destitute, middle-aged whore, named "Greece".
Okay, Greeks you win, all your backstop funding will end. Oh, and you still owe the amount you borrowed, do what you want but we want payment immediately.
What's that? You still want the EU to loan you money? But you want to dictate the terms? Beggars don't get to be choosers. You want to do your own thing, so do we and that includes not funding an insolvent, bankrupt country.
Pay as you go, cash basis from now on.
You smell that? That's good contagion.
Pretty sure that's the aroma of your country's future---burning.
The Greeks only strength is the idea that not giving them what they want will be worse than giving in and renegotiating. No body really knows what happens if/when Greece defaults, or how Spain and Portugal react if the Greeks get a better deal.
Even Japan, as an isolated case of unsustainable debt couldn't engineer a mechanism to pull itself out, and that was in the context of its largest trading partners booming. The West is fucked.
If Greece leaves the Euro and the EU in effect the Euro will fall like a stone through a glass window. No way the EU is going to let this happen even though I hope to God this is what occurs for the sanity and future of the free people of Greece.
Dude, you're tokin' on the crack-pipe a little too hard.
Putin shills here are prone to that.
"......Uber Uber Uber Deutschland.....just give me the dough!....." Learn it from the Irish!!!!!
Time for Occupy Troika!
/s/
It is the doom of men that they forget.
Greece needs to stop pussy footing around and just immolate itself already. Drop the Euro, keep the pensions, hyperinflate away!
yada - yada - yada - ad infinitum - so far all just bluster & posturting on both sides - no ACTION - everything is still the same old shit
I cant wait for a year from now...after Greece is on its own..to hear the horror stories coming out of the country...how the government took over this and that business...how people are starving...hospitals suck....no gas for the cars...how the tourists are all getting robbed.....it should be fun to watch them go SOCIALIST....
When that does occur,
the stories will be about the nobility of poverty.
They will all have a favorite donkey and a smile.
Yes sir. But remember: don't buy Greece's "bottom" until *after* the Golden Dawn's evolution.
If Syriza capitulate thats what comes next, if they don't its bankruptcy.
Yes sir. But remember: don't buy Greece's "bottom" until *after* the Golden Dawn's revolution.
Have you read the news from Greece? That's already going on now due to austerity. It lost 25% of its GDP after the troika started "helping" the country by sending 90% of the Greek bailout money to the German and French banks.
http://www.tradingeconomics.com/greece/gdp
25% decrease is nothing, compared to where they come from.
Or going to...
"by sending 90% of the Greek bailout money to the German and French banks"
To pay off loans these banks gave to the Greek government -
Where did the money from the original loans go?
Not much different from what it is now. 25% of school children go hungry and faint at school. Cancer patients can't afford their medications. A female docter had to prostitute herself to feed her children. It goes on and on. You enjoy hearing these kinds of stories?
An Britisch NGO calculated that only 10% of the 250 billion Euro bailout went to Greek society. The rest went to bailout German banks that made bad investements. When you and me make bad investments, no one will bail us out. Why should banks be? Oh, because they are "TBTF". But fuck societies right?
I feel bad for individual Greeks, but their hour has come anmd there is really no getting around it. Great changes will need to be made.
The problem with government-operated charities is that they eventually morph into "rights", where the recipients demand that the idealistic continue their contributions even if they no longer wish to.
The truth is that the Greek economy on its own is unable to support the lifestyle which the Greeks have grown accustomed to in the fat days of borrowed money. Since they can no longer borrow, they will have to return to the old days of living within their limited means until they are able to increase their means.
The same calculation is barreling down the road towards every other civilized society on the planet, as well. It is simply a question of who gets tossed out of the lifeboat last.
As an American, I expect that we will be the last ones at the tiller but it will happen to us as well. This is why I got out of the rat race and went back to the ranch. Investing is all about beating the crowd to the desirable spots.
Funny is it not, neither side wish to pay for their past actions. The Greeks do not want (cannot) pay for the loans that have had but want more and/or to pay back less. The ECB/Germans do not want to pay for lending to someone who patiently never intended to/now can not pay the loan back.
Hopefully no one blinks and we get the moment of epiphany we have all been waiting for that the game reaches its Dénouement.
Sadly I am not going to be holding my breath.
"The ECB/Germans do not want to pay for lending to someone who patiently never intended to/now can not pay the loan back."
But would the ECB/Germans have lent had they known the true position? Don't forget that Greece grossly falsified their economic growth and budget figures for years in order to 'qualify' for those loans. The fraud masterminded by the current Head of the ECB, ex-Squid Draghi.
"But would the ECB/Germans have lent had they known the true position? Don't forget that Greece grossly falsified their economic growth and budget figures for years in order to 'qualify' for those loans. The fraud masterminded by the current Head of the ECB, ex-Squid Draghi."
What do you mean 'known the true position'? Of course they knew! The whole EU scam has been a stitch up from conception! If Italy hadn't done the same thing, by the same Goldman Sachs team, when Draghi was chancellor, we wouldn't have a 'euro'?
why not? still works every time for israel...
The question is not who carries the most fault for what has happened or what percentage of fault each side has. The real question is whether the EU medication will begin to have effect before the Greek economy dies and secondly whether the debt level in Greece etc is sustainable.
To me both answers are "no" so the rest is academic posturing which ignores the tsunami that approaches.
If some one offered me Greek drachma bonds at say a 25% discount to face over 10 to 20 yrs , with a coupon matched to output or GDP and a condition they bail out of the fucking ponzi scam euro trash voucher system I would have to say I would buy them.
I think there is no way on earth that Greece out of the fucking EU would not grow massively from what is after all a level now at the same place they were at in 1945.
Well done fucking Brussels cunts, you just did again what German Nazis did to Greece in the WWII and have fucked Spain Portugal Cyprus and Italy just as much to BOOT.