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Meanwhile In Greece, "Emotional Apathy Sinking In"

Tyler Durden's picture




 

By Pantelis Boukalas ok Kathimerini

Emotional apathy sinking in

In the past five years, despite consecutive “bailout programs,” or maybe because of them, the terms “last chance,” “Grexit,” “ultimatum” and "destruction" have been doing the rounds with exhausting regularity in Greek and international headlines.

To begin with, they are exhausting our souls. They are also exhausting the country’s economy, which could not have withstood such a barrage of negativity even if it had been among the strongest in Europe. And that it is not has been acknowledged even by the most fervent champions of the famous “success story” which left Greece unable to meet its current obligations.

Whether these proclamations of doom are based on reality are blown out of proportion or invented is neither here not there because their effect remains the same – corrosive. And, unfortunately or fortunately, we cannot all deal with the fear being cultivated in the same way as Former Finance Minister Gikas Hardouvelis, who admitted to spiriting money out of Greece because he was scared. The overwhelming majority of Greeks cannot even dream of the kind of income he made.

The result is that gradually, from one scare to another, many – and especially those who have nothing left to lose – have given up looking for defenses, whether individual or collective, and have given in to the sin of sloth. They are not lazy or indifferent but experiencing emotional apathy. It has become a certainty that our destruction is much worse than a self-fulfilling prophecy: It has been orchestrated from outside. Either to punish the “lazy Greeks” or to warn others being tempted into believing that the European Union – as it is today, as a herald of a policy of austerity that can’t even be backed by the numbers – is repulsive rather than attractive.

European Commission President Jean-Claude Juncker himself believes this to be true. His statements over the weekend in a German newspaper are probably the only comfort we can find in the deluge of negative news and commentaries about Greece, the majority of which are either patronizing and insulting or imperious and coercive. While Juncker naturally blamed Greek politicians for the country’s predicament, he ruled out the possibility of a eurozone exit and also added his concern that “not everyone in the European Union has understood how serious the situation in Greece is.” He was talking about the poverty and the unemployment, and the risks of the social fabric being destroyed if sloth spreads. Do the Europeans refuse to understand or just not care? It is a rhetorical question, especially when we consider how many times we have heard the European establishment that decides the country’s fate express its respect for the Greek people’s sacrifices.

* * *

And, just in case anyone hasn't seen it yet...

 

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Tue, 03/10/2015 - 15:05 | 5874458 SethDealer
SethDealer's picture

does this have something to do with the fact it takes 5 minutes for a european bartender to get you a beer?

Tue, 03/10/2015 - 15:06 | 5874467 Pool Shark
Pool Shark's picture

 

 

Meanwhile In Greece, "Emotional Apathy Sinking In"

 

Anyone know why I should care about this?

 

Tue, 03/10/2015 - 15:16 | 5874516 dariomilano
dariomilano's picture

the last time hitler got our attention

Tue, 03/10/2015 - 15:35 | 5874606 Publicus
Publicus's picture

The rise of ISIS in Europe.

Tue, 03/10/2015 - 19:53 | 5875762 CapnJackDaniel
CapnJackDaniel's picture

Ja

Tue, 03/10/2015 - 15:17 | 5874519 NoDebt
NoDebt's picture

Tylers- please post a quick story about how the Dow is down almost 300 points.  Not much time to ramp it back up to only a 100 point loss, and we need your help desperately.

Tue, 03/10/2015 - 15:17 | 5874522 Harbanger
Harbanger's picture

Because this is the Trailer for the movie coming to a town near you.

Tue, 03/10/2015 - 15:12 | 5874482 Haus-Targaryen
Haus-Targaryen's picture

Next time -- avoid countries where their native language is exclusively Latin based.

Tue, 03/10/2015 - 15:56 | 5874722 Ghordius
Ghordius's picture

Greek is older then Latin, and not "Latin based"

(not that long ago it was customary for serious scientists to learn both Latin and Ancient Greek)

Tue, 03/10/2015 - 16:03 | 5874774 Harbanger
Harbanger's picture

He thinks he's smarter than most.  Common problem in the west.

Tue, 03/10/2015 - 16:44 | 5875016 Haus-Targaryen
Haus-Targaryen's picture

Counterpoint, I am smarter than most.  

Mensa & my mom tells me so.  

Tue, 03/10/2015 - 17:20 | 5875146 nightshiftsucks
nightshiftsucks's picture

So you're so smart that you're stupid.

Tue, 03/10/2015 - 17:35 | 5875198 Haus-Targaryen
Haus-Targaryen's picture

Yeup.  Complete moron.  You caught me. 

Wed, 03/11/2015 - 02:41 | 5876673 Harbanger
Harbanger's picture

"my mom tells me so."

That completely describes you bro.

Wed, 03/11/2015 - 03:30 | 5876691 Haus-Targaryen
Haus-Targaryen's picture

????

Wed, 03/11/2015 - 03:30 | 5876692 Haus-Targaryen
Haus-Targaryen's picture

????

Wed, 03/11/2015 - 03:31 | 5876694 Haus-Targaryen
Haus-Targaryen's picture

????

Tue, 03/10/2015 - 16:05 | 5874787 Haus-Targaryen
Haus-Targaryen's picture

I've always experienced excellent service in Greece.  Well, save for cab rides, but apart from that -- miles better than Italy or Spain, or even France for that matter. 

Tue, 03/10/2015 - 15:16 | 5874509 oudinot
oudinot's picture

Really?

Being a frequent traveller in Ireland, England, Scotland, France  and Italy I get far better bar service there than in North America  and I don't have to tip.

You, really don't have a clue.

Tue, 03/10/2015 - 15:18 | 5874527 Haus-Targaryen
Haus-Targaryen's picture

Have you ever been to Poland the Czech republic or Germany?

Tue, 03/10/2015 - 15:40 | 5874588 Harbanger
Harbanger's picture

I've travelled everywhere and the attitude of the "professional" waiters/bartenders in western europe is the worst.  If the tips we not included they would starve.  Plus the fools have to pay taxes on their tips.

Edit-  Too many socialized bitchez in the developed west.  A financial collapse will do their spirits good.

Tue, 03/10/2015 - 16:09 | 5874808 TeaClipper
TeaClipper's picture

Tipping is for people who think its OK to pay for a drink or meal, and be expected to contribute to the staff's wages. Do you tip the Gas station attendent, or the Bank teller, or the Checkout person in the store? no of course not

Tue, 03/10/2015 - 16:20 | 5874863 Harbanger
Harbanger's picture

Tips being included into your Bill is the expectation of having to pay for the staffs wages.  Otherwise a tip is appreciation for good service.  I also give my postman, bank teller and others a christmas gift.  Could be the reason I always get good service.

Tue, 03/10/2015 - 17:14 | 5875122 DFCtomm
DFCtomm's picture

I judge you unfortunate because you have never been unfortunate; you have passed through life without an antagonist; no one will know what you can do, – not even yourself.

Tue, 03/10/2015 - 15:42 | 5874634 Charlie M.
Charlie M.'s picture

How iz Greeklish even remotely rooted in Latin ?

OOOoops zorry... Amerikanski?

Niet? Tedeschi?

Tue, 03/10/2015 - 16:51 | 5875048 Haus-Targaryen
Haus-Targaryen's picture

I never said it was.  Check your reading comprehension skills.  Its something Ghordo fails on almost daily.  Its why I let it slide with him.  You however -- do you have an excuse? 

Tue, 03/10/2015 - 17:01 | 5875073 Charlie M.
Charlie M.'s picture

Ok so you were just making general remarks to potential tourists?

Do you work for TUI?

Next stop Ulaan Baatar Mensa boy.

Tue, 03/10/2015 - 17:20 | 5875149 Haus-Targaryen
Haus-Targaryen's picture

I'll keep your seat warm for you. 

Tue, 03/10/2015 - 17:23 | 5875160 Charlie M.
Charlie M.'s picture

Even average folk can smell out a farter.

Tue, 03/10/2015 - 15:40 | 5874567 Kirk2NCC1701
Kirk2NCC1701's picture

Greeks are getting there, looking at the Investor Sentiment Cycle**

They're still in Denial & Fear, IMO. Next is Desperation & Panic, before they either act and kick ass (riot, hang people), or Capitulate and become totally Despondent.

The following chart applies to many of us here on ZH:
http://www.clinical-depression.co.uk/cycle-of-depression-diagram/
(FYI... Obesity and Chronic Insomnia are inter-related in a vicious circle: one leads to the other and vice versa. Look into if, if it applied to you, as it leads to a host of other health issues)

** http://www.kirkreport.com/2010/09/16/the-investor-sentiment-cycle/ (different 'Kirk')

Tue, 03/10/2015 - 17:17 | 5875132 DFCtomm
DFCtomm's picture

I'm curious Kirk, where do radiation cannons fit in that diagram?

Fri, 03/13/2015 - 11:57 | 5885396 The_Small_Lebowski
The_Small_Lebowski's picture

try a bartender from Ireland mate - those guys in Europe arent bar tenders as you might think it - they are mainly cafe workers

Tue, 03/10/2015 - 15:05 | 5874462 SilverMoneyBags
SilverMoneyBags's picture

Who cares? Tell the Greeks to pay their bills and their taxes.

Tue, 03/10/2015 - 15:09 | 5874487 i_call_you_my_base
i_call_you_my_base's picture

Just a little numbers breakdown: it was reported here recently than an estimated $70bln in taxes went uncollected over the last decade. Which is about $7bln per year. Greece is over $400bln in debt. How does that math work out?

Varoufakis was correct initially when he said they can't pay it back.

Tue, 03/10/2015 - 15:48 | 5874683 SilverMoneyBags
SilverMoneyBags's picture

Then leave the Euro.

Tue, 03/10/2015 - 15:48 | 5874684 Harbanger
Harbanger's picture

Problem is, he was saying we can't pay it back and you should help us.  Otherwise the Greek gov can't maintain it's promises to the people.  So rather than economic liberty by reducing gov, like a good leftist, he's using his gov power to collect taxes from the few working fools left in the country.

Tue, 03/10/2015 - 18:51 | 5875484 JimBowie1958
JimBowie1958's picture

" So rather than economic liberty by reducing gov, like a good leftist, he's using his gov power to collect taxes from the few working fools left in the country."

Well, on the few fools workinon the legal public economy. As I m told, there is a huge black market economy at employs hundreds of thousands.

Tue, 03/10/2015 - 15:09 | 5874490 Winston Churchill
Winston Churchill's picture

Greeks and taxes. Thats a joke , right ?

Tue, 03/10/2015 - 15:26 | 5874548 Harbanger
Harbanger's picture

When the gov can borrow all it wants  and the debt is unpayable, then having to pay tax is simply oppression of the working class.  There's no economic point.

Tue, 03/10/2015 - 15:47 | 5874677 froze25
froze25's picture

That is a very good assessment.  I will start saying that to people in lose conversation.

Tue, 03/10/2015 - 15:49 | 5874688 SilverMoneyBags
SilverMoneyBags's picture

So the Germans just get hosed for helping another nation out? Time to kick out the Greeks.

Tue, 03/10/2015 - 15:54 | 5874716 Harbanger
Harbanger's picture

Who bailed out the German banks in 2008?  Nobody gets hosed like the American tax payer.

Tue, 03/10/2015 - 16:35 | 5874971 Harbanger
Harbanger's picture

I guess nobody wants to talk about that.  All is great in euroland.

Tue, 03/10/2015 - 16:54 | 5875056 TheReplacement
TheReplacement's picture

Okay, I'll bite, just for fun.

Fed bailed out Euros.  Euros bailed out Greece (and others).  Japan bailed out Fed.  Euro bailing out Japan.... 

Has anyone ever played three card monty?

Tue, 03/10/2015 - 19:01 | 5875547 Joe A
Joe A's picture

The Germans only helped themselves.

Tue, 03/10/2015 - 16:48 | 5875035 Charlie M.
Charlie M.'s picture

Bbbbeeeee BBBeeebbbebebeebeeee

shee plz plz pay ze taxez plz

Tue, 03/10/2015 - 15:07 | 5874476 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Can anyeone blame anyone for feeling this way these days? 

Tue, 03/10/2015 - 15:59 | 5874750 Ghordius
Ghordius's picture

+1 the reason why the label "depression" fits so well. economy is full of human psychology, and the bad parts are blue indeed

Tue, 03/10/2015 - 16:13 | 5874843 HardlyZero
HardlyZero's picture

If this following were followed there would be much less debt, and much less mess.  Didn't Andrew Jackson fight the fiat banks ?

 

No State shall...coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts....

Article I, Section 10, Clause 1

Tue, 03/10/2015 - 15:07 | 5874478 Jason T
Jason T's picture

"they delay to go to russia and they freeze in the snow ... like morons" 

that's the best line

Tue, 03/10/2015 - 15:09 | 5874489 NoDebt
NoDebt's picture

OK, the video is worth a few laughs.  Too long, but funny.

Tue, 03/10/2015 - 19:22 | 5875638 Jstanley011
Jstanley011's picture

It's three years old.

Tue, 03/10/2015 - 15:11 | 5874493 Augustus
Augustus's picture

It has become a certainty that our destruction is much worse than a self-fulfilling prophecy: It has been orchestrated from outside.

 

The idea that some outside force compelled Greece to borrow money is absolute nonsense. 

Tue, 03/10/2015 - 15:14 | 5874507 p00k1e
p00k1e's picture

The absurdity is younger U.S. Taxpayers borrowing money to payout Social Security claims. 

Tue, 03/10/2015 - 15:20 | 5874533 g speed
g speed's picture

The Idea that some outside force offered Greece loans to buy stuff they didn't need, (arms, etc.)  that they knew could not be repaid, and then lied about the conditions of the loans is not nonsense. You make a case for TPTB moral high ground in this---its bullshit--just like a student loan to someone you know will never get a job doing what they are going to school for.

Tue, 03/10/2015 - 15:30 | 5874575 JimmyRainbow
JimmyRainbow's picture

the idea that banks helped faking account data in favor of greece pre-euro ist not.

 

Tue, 03/10/2015 - 15:57 | 5874731 Charlie M.
Charlie M.'s picture

Well here is some nonsense for u Meine Freunde. You are the minister of defenz in greez and your newly euro-atoned state has just began borrowing cheap. What to do? What to do? You come up with a plan!!! You will buy planes und submarinez und rocketz und all sortz of toyz (becauz NATO-reich sayz so)... But with a catch...  You will buy it 4 or 5 or 6 Timez higher from your EU comradez und Amerikanski friendz... Und zee best part??? U will get a kickback of hundredz of millions of eurotrash from ze same guyz that you originally borrowed ze moneyz from... All ze time you will make ze Greek sheeple und goatz feel guilty for not getting a receipt for dat gyro burger they had last night...  Little Bitz outsidez Little Bitz insidez.

Tue, 03/10/2015 - 16:04 | 5874781 Ghordius
Ghordius's picture

agreed. and yet... lots of people like those toys

tanks, frigates, submarines. national pride exists

if you don't agree, imagine this: China offering 2 trillion for the US Supercarriers. what would the popular response to that be? "Cool, we don't need them anyway? All pacifists, here?"

Tue, 03/10/2015 - 16:13 | 5874820 Charlie M.
Charlie M.'s picture

At six timez ze cost zee Germanz pay my Patriot?

Ze greekz should get zemselves better accountantz...

Tue, 03/10/2015 - 16:15 | 5874853 Ghordius
Ghordius's picture

Greece was anything but pacifist, in the 20th C. And the war with Turkey was big, and left huge revanchist scars. Cyprus needed UN Troops to keep Turks and Greeks apart, and the two NATO partners often looked not too far from sparring blows until the big earthquakes let a bit of human compassion in

Yes, Greek govs always bought with gusto arms and then more arms. But there was a relevant background to this story

(Corruption is a different story)

Tue, 03/10/2015 - 16:24 | 5874909 Charlie M.
Charlie M.'s picture

My pardonz.. I only talked aboutz zee ministree of ze defenz. Zey have like 20 more ministrie z und Ministerz...

Tue, 03/10/2015 - 18:45 | 5875454 Chauncey Gardener
Chauncey Gardener's picture

Bitz, bitches. Bullish.

Tue, 03/10/2015 - 16:08 | 5874759 HardlyZero
HardlyZero's picture

Yes.  But who was "in charge" of the people's democracy ?

The Oligarch's setup the fiat loans for the people...that is the entire point.

 

Who bankrupted Detroit ?  the elected leadership.   The people elected corrupt politicians, yes, absolutely...because they were able to get the emergency finance/funding.  Is that honest ?

Instead of working and causing organic economic improvement over time...the Oligarch financiers got quick-fix funding (loans, bonds, bail-outs, etc.).  Is that good ?  time will tell my friends.

Who also got their personal/company finances (on the side) while the government loans were installed years ago ?  A. the Oligarch leadership...they won their prizes and accounts on the side, along with the govts., and then walked away.

( that is the point. )

Fiat corrupts everything eventually.

the revolving doors are well oiled, and rotating for many decades (or millenia) in Greece as elsewhere.  Fiat allows these setups to occur.

Tue, 03/10/2015 - 17:51 | 5874806 Charlie M.
Charlie M.'s picture

OOOOOooh F@ckle ze Fiat und Ze Maserati und ze Alfa Romeo... Humanz are Flickering corrupt. Where zey not before all ze car makes? Leviathan iz ze answer... Saudi style.. Hand steal? Hand cut off (metaphorically speakingz alwayz).

Tue, 03/10/2015 - 16:16 | 5874860 TNTARG
TNTARG's picture

Back to the Library, pal.

Tue, 03/10/2015 - 16:40 | 5875000 Charlie M.
Charlie M.'s picture

Back to yo mama boy.

Tue, 03/10/2015 - 15:12 | 5874496 unplugged
unplugged's picture

it will end in some level of war - civil, or regional, or global - as usual

Tue, 03/10/2015 - 15:15 | 5874508 NoDebt
NoDebt's picture

I'm thinking something along the lines of global thermonuclear.

Tue, 03/10/2015 - 15:17 | 5874521 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Hopefully, humanity has gone full retard anyway

Tue, 03/10/2015 - 15:19 | 5874530 Winston Churchill
Winston Churchill's picture

Won't have to worry about dying from hypothermia in that case.

Tue, 03/10/2015 - 15:16 | 5874512 Paveway IV
Paveway IV's picture

"...It has become a certainty that our destruction is much worse than a self-fulfilling prophecy: It has been orchestrated from outside. Either to punish the “lazy Greeks” or to warn others being tempted into believing that the European Union – as it is today, as a herald of a policy of austerity that can’t even be backed by the numbers – is repulsive rather than attractive..."

I refuse to believe the Greeks were targeted or are otherwise special other than to be the first victims of the financial psychopaths' grand European plan. The lesson being ignored here is just like the other ingnored lesson WB pointed out re: pre-war Germany: we (and every other nation) are not different from 'them'. Our neighbor's problems will be our problems. Psychopaths don't care whose flag they wipe their feet on - you're all 'little people' to them.

Tue, 03/10/2015 - 15:17 | 5874520 Bokkenrijder
Bokkenrijder's picture

German economist Flassbeck on Greece and the Euro: http://deutsche-wirtschafts-nachrichten.de/2015/02/16/oekonom-flassbeck-...

Tue, 03/10/2015 - 15:26 | 5874549 Haus-Targaryen
Haus-Targaryen's picture

Good article. Although he doesn't really say anything unknown

One thing I'd like to critique about his analysis -- he assumes le Pen will actually do what she promises. We've seen this story before. What prevents her from finding a dead horse head in her bed and suddenly decides the euro is a great idea?

Tue, 03/10/2015 - 15:29 | 5874546 ebworthen
ebworthen's picture

That's the bankster playbook - play people off each other:  nationality, religion, race, sexuality, politics, courts, media - anything to distract the regular citizen's anger and frustration from them.

If things are looking really dicey for them they foment a physical war.

Remember Hank Pauson - "There will be tanks in the sreets!"

Tue, 03/10/2015 - 15:24 | 5874553 Panic Mode
Panic Mode's picture

Who is willing to take all these shit junk bonds??? No one. Tax payers will be forced feed with it, then government comes with more desperate measure, then revolution, then war & death ..... dead people can't claim the debts.

 

Tue, 03/10/2015 - 15:37 | 5874617 Hohum
Hohum's picture

Well, at least it's better to be emotionally apathetic in a nice climate.

Tue, 03/10/2015 - 20:27 | 5875860 Village-idiot
Village-idiot's picture

Yeah. Cold weather does have a way of making you move a little faster (to keep warm).

Tue, 03/10/2015 - 15:53 | 5874707 HardlyZero
HardlyZero's picture

When the grappling and hand-to-hand combat begins, that is when the Greeks will be on top.

Before then its all talk about fiat, and someone else's problem.

Thank you Mr. Panos (the Greek version of Fight Club)

Tue, 03/10/2015 - 15:57 | 5874729 TeaClipper
TeaClipper's picture

Nothing is going to change for the Greeks until they realise that the European Union is not their friend. They are still way to in love with their abuser. Stockholm Syndrome is ugly to behold

Tue, 03/10/2015 - 15:57 | 5874734 Jano
Jano's picture

Grexit would be a defeat to US and Neocons.
I wish it happened already yesterday.

Tue, 03/10/2015 - 16:11 | 5874821 markar
markar's picture

The way the Euro is tanking, a new Drachma could launch at parity.

Tue, 03/10/2015 - 20:25 | 5875852 Village-idiot
Village-idiot's picture

Zimbabwe may even resurect their dollar at par.

Tue, 03/10/2015 - 16:15 | 5874849 Atticus Finch
Atticus Finch's picture

As in WWII, time for the Greeks to take to the mountains and begin guerrilla warfare.

Tue, 03/10/2015 - 17:08 | 5875101 Charlie M.
Charlie M.'s picture

Yes Yes Ze Mountainz of Mykonos.

Tue, 03/10/2015 - 16:21 | 5874892 TNTARG
TNTARG's picture

GET-RID-OF-THE-EURO, GREECE.

Tue, 03/10/2015 - 16:37 | 5874980 tommylicious
tommylicious's picture

Do it Greek Style!

Tue, 03/10/2015 - 18:09 | 5875302 fainzilberg
fainzilberg's picture

lazy mf-ers

Tue, 03/10/2015 - 18:27 | 5875365 victorher
victorher's picture

As usual, Greeks reject the facts and blame all the others for their condition, I have seen the same in Argentina and Venezuela.

Tue, 03/10/2015 - 19:04 | 5875553 Son of Loki
Son of Loki's picture

This Mr Panos fellow is great! Humor is a very good way to get the point across as the Onion does also.

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