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Germans Furious After Varoufakis/Tsipras Admit "Greece Will Never Repay Its Debts"
The Greco-Germanic war of words continues... Having pissed off The Greeks with his "Troika" remarks, Germany's Schaeuble went on today to more ad hominum attacks by reportedly calling the Greek FinMin "foolishly naive." The Greek ambassador has 'officially' complained to "friend and ally" Germany about the personal insult. But The Greeks had the last laugh, as first Varoufakis and then Tsipras explained respectively that "Greece would never pay back its debts," and "Greece cannot pretend its debt burden is sustainable." The German response, via tabloid Bild, "there must be an end to this madness. Europe must not be made to look stupid."
As Bloomberg reports, Germany and Greece confirmed Thursday that the Greek ambassador in Berlin made an official protest late Tuesday to the German Foreign Ministry over comments made by Schaeuble.
Schaeuble and his Greek counterpart Yanis Varoufakis have traded barbs in recent weeks, with Schaeuble on Tuesday suggesting that Varoufakis needed to look more closely at an agreement that Greece signed in February: “He just has to read it. I’m willing to lend him my copy if need be.”
“It was a complaint after what he (Schaeuble) said about Mr. Varoufakis. As a minister of a country that is our friend and our ally, he cannot personally insult a colleague.”
Koutras did not specify what the insult was, but Greek media had reported that Schaeuble had said that Varoufakis was “foolishly naive.”
Schaeuble said Thursday that any suggestion he insulted Varoufakis at the meeting is “absurd.”
* * *
And then, as Reuters reports, Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the German media on Tuesday.
A documentary about the Greek debt crisis on German public broadcaster ARD was aired on the same day euro zone finance ministers met in Brussels to discuss whether to provide Athens with further funding in exchange for delivering reforms.
"Clever people in Brussels, in Frankfurt and in Berlin knew back in May 2010 that Greece would never pay back its debts. But they acted as if Greece wasn't bankrupt, as if it just didn't have enough liquid funds," Varoufakis told the documentary.
"In this position, to give the most bankrupt of any state the biggest credit in history, like third class corrupt bankers, was a crime against humanity," said Varoufakis, according to a German translation of his comments.
Followed today by comments from Syriza leader Tsipras...
- *TSIPRAS: GREECE CAN'T PRETEND ITS DEBT BURDEN IS SUSTAINABLE
- *TSIPRAS: IT'S VITAL FOR GREECE'S PUBLIC DEBT TO BE RESTRUCTURED
Wait What!!
The Germans are not happy... the remarks caused a stir in Germany where voters and politicians are increasingly reluctant to lend Greece money.
Bild daily splashed the comments on the front page and ran an editorial comment urging European leaders to stop providing Greece with ever more financial support.
"The Greek government is behaving as if everyone must dance to its tune. But there must be an end to this madness. Europe must not be made to look stupid," wrote a commentator.
* * *
European 'Union' indeed.
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its great theater and all, but the money still changes hands under the table.
No shit? Never would have seen that coming.
RIPS
Oh so the Germans just figured out what everyone else on the planet already knows...that Greece is bankrupt? Wow...
oooooooh!!!
(This is my surprised look)
Hey, what's this on your shirt? You look down. I flink your nose !
Hey, what's this on your shirt? You look down. I flink your nose !
Hey, what's this on your shirt? You look down. I flink your nose !
Hey, what's this on your shirt? You look down. I flink your nose !
Hey, what's this on your shirt? You look down. I flink your nose !
Vee are FURIOUS.....(slams fist with emphatic gesture) LOL
The Germans seem like they're reasonable.
They should be able to come up with a final solution.
Is anyone else starting to think these Greek leaders are the smartest players at the table? I mean...if you know you aren't going to be able to pay the debts anyway, why not take the EU for another 3 - 4 $billion and then default in June. Can Germany be that stupid? I know France, Spain, and the others are.
Note to Germany: stupid is as stupid does.
Only Europe can make Europe look 'stupid'.
If someone owes you money, and in order to pay it back, they keep convincing you to give them more money, always with more promises to restructure their finances and pay you back someday.... at some point if you don't realize you're just openly subsidizing their lifestyle, you're the idiot.
I'll pay you Tuesday for a hamburger today.
Agreed Nuubee. They should stop being idiots.
Especially when they give them money that will never be repaid and Greece adds insult to injury by demanding war reparations.
Althoug I sympathize with euro countries destroyed during the war.
The whole Greece - Euro experiment was marked with fraud and the Germans chose to look the other way.
Stupid is.
NEWSFLASH: Greece sells jalopy, moves into Germany's basement to save on rent, help pay back debts. "We welcome this positive move. But whilever Greece is living under our roof, you'll live by our rules" Frau Merkel said at a hastily convened press conference around the kitchen table. "Lord knows we've done all we can . . . " she added, wiping away a tear for effect. While no official statement from Greece has emerged, Alexis Tsipras is reported to have slammed the door to the basement, muttering 'you can't tell me how to live'. Sources now report loud music coming from the basement, in defiance of German demands to 'keep it down, we have neighbours you know for chrissakes. Goddamit.' Comment is also being sought from the Greek parliament about the unusual smelling smoke now emerging from the basement, as if they don't know what we got up to in the 70's, think they invented it, Jesus that kid I swear.
Thanks for the morning laugh.
Varoufakis comments are spot on: every German with a brain knew in 2010 that Greece is insolvent.
The feigned outrage of our traitor class is laughable, they knew too.
BILD daily is for monads, you can actually feel your brain shrink while reading it.
No matter how much Euopean leaders want the Euro project to work, want alone cannot make it possible!
Yeah, though it will take some concentration so as not to go out of their voters kampfort zone.
I think of the Greeks as a car and the Germans as the driver.
The driver is going to step on the gas and do some burn outs in their car.
you got it backwards tits for toys....
anyway its not the 'germans' but a bunch of investors and banks which might suffer in the end despite the propaganda....
you got it backwards tits for toys....
anyway its not the 'germans' but a bunch of investors and banks which might suffer in the end despite the propaganda....
No I believe you have it wrong. Those bankers have moved the debt to the public arena because it is a political debt between countries not a banker debt between banks. Though the banks were the facilatator and profited from the whole setup it will be the peoples of the states that are not themselves bankrupt that will pay (whatever that means since cntrl-P still exists).
This is just a slight disagreement between two control freaks.
I hope it proceeds to some serious name-calling.
Hair pulling. I want to see some hair pulling.
And tit twisting. Gotta have that, too.
Hey, Greeks, when do you get it finally? We Germans are not your friends. We don´t care about you. You are in this European Union just because our US overlord told us we have to take you in. No one wants you to stay, so get out of the EU pronto.
und bitte ... bitte nimmst du Martin Schultz mit!
Well, eventually the Groschen will fall to even the most notorious defenders of the EU and the Euro
Greece was the Trojan Horse delivered to the EU by no other than Goldman Sachs
Always meant to create a backdoor to plunder Germany's treasuries
This is not rocket science. It is always about Germany's wealth and you-know-who wants their dirty fingers in it.
Shylocks want to bleed Germany for all eternity.
Hey Haus:
You just pulled a Maureen Dowd - ticking off some foregin language and then not letting your readers know what you said . . .
You are talking to yourself - and the handful of same-speakers who see this only within the next hour or so.
So how about bringing you nose down that is stuck up into the air with an aire of superiority, and tell us what you said.
If I want arrogance, I can always read Mo . . .
-30-
und bitte ... bitte nimmst du Martin Schultz mit!
and please ... please, you take Martin Schultz!
https://translate.google.com/?hl=en&tab=TT
I wasn't trying to be a dick. But sometimes, because I know Walküre can read German -- my comment was directed at him more than the public at large.
It's not like I made this is the first post in the thread.
That being said I begged the Greeks to take Martin Schultz with them upon their exit from the Euro. He is a worthless bucket or organs and flesh.
Nur mal so nebenbei: Ich verstehe auch deutsch, und bin hier nicht der einzige ...
(On a sidenote: I also understand german, and I am not the only one here ...)
And, by the way, it was not 100 % correct. It has to be "nimm" instead of "nimmst" ... ;)
"Nimmst" is colloquial in Southern Germany and Switzerland and correct too.
Learned German from a bunch of Gott Grüß'ing, Weißwurst eating, beer-for-breakfast drinking Bavarians.
My girlfriend's grandmother (in Rostok) couldn't stop laughing when I said "Grüß Gott" in my American accent once. Seriously, laughed for almost 5 minutes.
"You are in this European Union just because our US overlord told us we have to take you in."
Then why did you sell Greece Billions of Euros worth of German goods and why did the German banks finance the Greeks who had a credit rating worse than Zimbabwe?
Because you are stupid therefore abide by the consequences: your banks are fu.ked!
Partly because Goldman Sachs said the Greek economy was sound. It had to be true because Goldman would never lie.
Goldman Sachs is Harry Lime, peddling trafficked, deadly penicillin for profit and calling it a fair market.
Sewer rats.
Germans made a deal with the devil. The Euro sounded like a good idea and was sold to Germans with much fanfare and glory. It appealed to the German psyche.
All roads lead to Wall Street and around Vichy, DC to the shores of Tel Aviv.
Wolferl
What drugs do yo take to stay zoned 24/7?
"I don't see a problem here" - with what you're taking, I don't think you can see anything in the real world at all.
The banks holding the notes are dead meat. That's who has a problem.
-30-
It´s the other Euro states and the ECB that hold the Greek debt, not banks. Seems you don´t have much clue about the topic, but go on, post smart comments here.
If you owe a bank $1000 it's your problem.
If you owe a bank a billion $ it's there problem.
-
Not to mention the sale of two German subs to Greece for 1 Bil Euros. How did that work out?
-
So stop enabling dumbass! ...btw the title of this article could have been "Germans Angry at Math"
The Germans, EU, France and bankers know Greece is bankrupt. They also know you can be bankrupt and still be in possession of many valuable assets, many of which are not readily available to be taken in bankruptcy. This group with the cooperation of the new Greek govt. will string along the Greek people with theater while they position to take it all. For example the pool of pension funds. Then on the juicier items.
Stumpy you are right on.
Hey dipshit. Countries don't have bankruptcy laws between them because there isn't a NWO, yet. If the bonds do not specify collateral, then THERE IS NONE. That means it is totally up to whether or not Greece wants to pay, or whether someone wants to send an army to take it by force.
Those that have called this theatre are correct. Greece has to refuse to pay for their voters, and Germany has to act tough for theirs. Everybody already knows the ECB will print euros and bail out the banks, and Greece won't pay because they are the panhandlers of europe -- give Greece money and you are just feeding an alcohol/dope habit.
"If the bonds do not specify collateral" - When the initial loans were made to recap the banks the wise bankers and Germans started moving bank debt into public debt with the assets of Greece being collateral. They had some succes but then there was resistance. That is once again the push but even beyond that they are not only pushing those debts onto the public but are working to sneak in deals to sell the public assets such as water supply and electrical supply at bargin prices to pay for loans. Conditions are being placed on the loans now. It was interesting that the last 4 month loan has a condition that Greece cannot make certain changes that might affect the ability of Greece to pay back the loan - even it they are voted for by the public. (Giving up sovereignty). Besides, most of the loans just passed through the bankers right back to the lenders, only now debt was transfered to the public, with conditions.
The new govt of Greece has to "pretend" to refuse to pay. Germany is getting everything it wants.
"Oh so the Germans just figured out what everyone else on the planet already knows...that Greece is bankrupt? Wow..."
YOU MEAN IT WAS SUPPOSED TO BE A SECRET????????
Greece can afford its sovereignty anymore.
The culture needs to die. It's not contributing anything anymore.
If Greece declares bankruptcy billions of dollars of derivatives(AKA weapons of mass destruction) become due and will take down the banks involved.
The Greeks seem to be pointing this out.
Bring out Mr. Panozzzzz
"Europe must not be made to look stupid."
That cow left the barn a long, long time ago.
"Europe must not be made to look stupid." Too late for that BTFdipshite.
"Europe must not be made to look stupid." Too late for that BTFdipshite.
Pay no attention to the man behind the curtain!
Seriously, does anyone with 2 brain cells to rub together think Greece will EVER pay off this debt?
pods
Debt servitude and slavery for Greece.
I wanna watch the Germans go and try to collect the sons and daughters and what not.
/s (I guess some need a tag?)
La la lah la lah la lah
(singing song; "Go Buy Me an Island")
La la lah la lah la lah la la la ah lah lal la lah
You drinkin' again, Knucks?
I don't drink any more,
but I don't drink any less either;)
Nah.... sober as a hangin' judge.
Sumptin' 'bout focusin' the mind.
Greece? why all the focus on Greecian debt what about?....well, nevermind...
(17 Trillion)- "God Bless the U.S.A." the song...
The Greeks are simply trying to kick the can down the road. Other European states are also in dire straits. Buy time for the Greek people so as not to be scapegoated for the collapsing of a very poorly designed currency union.
Of course the fault lies in Brussels, but as Juncker said, "when it gets serious, you have to lie." Politicians will proclaim innocence and shift blame right up until the point where Soviet manufacture military grade bootheels are clicking in unison past the Brandenburg Gate..
..And at that point they eat a bullet in a bunker.
"Hey, guys, how about we stop wagging dicks and restructure these debts in a credible manner?"
^Some soon-to-be-unemployed diplomat c. June 1919, Paris, France.
"Zmell zis finger...you're next"
Europe must not be made to look stupid."
That one line just made my day.....hilarious
You dumbfucks have been looking stupid since the first loan......beware Greeks taking loans....haha!!
It has everything to do with how it looks.
As long as it looks like there will be no default, there is no default (yet, and in the future can be denied - for now). Large creditors want this, as having lent huge amounts to a defaulting counterparty will make them look stupid.
But if somebody start talking about a possible default, or the debt being unsustainable, the default has almost already happened. Large creditors fight those talking about it, to avoid being exposed as stupid.
In the case of the Greek debt, I do not think the money is important. This has a lot more to do with politics, and which party looks stupid in the end.
"Europe must not be made to look stupid."
This may be the key to understanding the entire human comedy. If you are right and can be made to "look stupid", you will have no impact. If you are wrong and "look smart", no one can stop you.
The official who made that remark is revealing more than most realize. I wonder if they realize it themselves?
DAX new record high.
Too late.
"But there must be an end to this madness." = THIS IS MADNESS !! no, THIS IS GREECE !!!https://www.google.com/search?q=greece+madness+300&biw=1639&bih=819&tbm=...
+1000
Too late, indeed ! I they say in my land, "stupid is what stupid does"... and they did plenty already.
How is this different from the "United" states?
Different flag, same bollocks.
Liars, stealers and benefitters.
In short? The US can run the printing presses on overtime to eliminate their CONSOLIDATED debt obligations. Greece has no such "luxury".
The US can bring freedom and democracy to your country if you have any thoughts of not using the USD>
Awesome. Can I get a supersize order of fries and some onion rings with that Democracy?
How is it different? The printing press and the dollar backed by the MIC. Simple.
Here's some moar stupid : lending the Greeks 400 billion fiatscos in the first place !
WOULD YOU AND ECONOMIC COLLAPSE JUST FUCK ALREADY!?
Gimme!
- I don't have it
Gimme!
- I'm broke
Gimme!
- But i don't have it
Gimme!
I guess this just goes on and on for the next 10 years ??
According to some rather unorthodox methods, when certain parties are unable to repay their loans, those debts are exonerated through the gratuitous application of extreme violence.
In other words, it gets taken out on your ass.
Not repaying debts? Well thats a novel idea- and seemingly ubiquitoous in our culture.
Greece will end up defaulting anyway. We all know this.
The question is how much will the Germans continue to pay to keep Greece in the EU??
Its madness!!
Greeksters have these amounts to cough up to the IMF/Troika in the next 8 days (Quote from ZeroHedge March 06th 2015)
" Greece has weekly IMF payments amounting to 350 million on March 13, 580 million on March 16 and another 350 million on March 20."
Good luck to the Greeks and sayanora to the Greek Pensioner Funds!!!
In order to make an effective example of Greece, the Mother Hubbard's Cupboard effect is a very important part of the equation.
Take it all and then flush, rather than leave them some seed corn to rebuild with.
"but they acted as if Greece wasn't bankrupt"
of course they did, they knew that the Samaras/Venizelos ND/PASOK TREASONOUS government would bend over and say yes to everything Germany et al asked for (to transfer Greek debt bank exposure to public exposure in the meantime) all the while stealing assets at fire sale prices, having created said blue light special in the first place with this manufactured crisis
I still think Greece holds a good amount of leverage, especially since the Troika have their Greek bond holdings marked at Par and since Deutche Bank's derivative book would explode with all the currency and interest rate derivatives, but the time to have gotten this over with was 4 years ago, and aside from selling off the country for 0, saying yes (contrary to Greece's history of saying "no" - see OXI Day and their centuries of resistance to invaders) to every demand of Germany, this is Samaras' big treason. It is much much harder now but it is never too late for Greece, despite the short term pain that will ensue- more so than 4 years ago- to get it over with and default and/or go back to the drachma
this is a financial attack every which way you cut it
One thing is for sure ...the Greek pensioners are never gonna be paid back!
Greece's debt is plain chump change! Of course they can not re-pay it.
For a really great belly laugh... The USSA can never re-pay it's debt. The joke is "we" know it and are fucking the fiat paper "system" are hard as possible.
Hear that Chicoms?
How about Japan with 44% of its budget going to interest on debt -- at these interest rate levels ?
Internally held. A lot of US and Euro debt is external. Probably Japan will be second, or third to topple (after Europe sov. debt sends a wave of volatility and fear rippling outward.)
IMHO the governments and central bankers of the world will get together and work out a new currency regime. Probably based on a peg to gold.
Half agree. I don't believe it will be gold based. They will get together with bankers and the IMF in a big SDR circle-jerk and scheme a way to maintain the system, probably a fmove toward a fully electronic currency, since that takes the power out of the hands of savers entirely.
They will also proclaim that they have "saved us from certain doom," because, you know.. politics.
They will also have to figure out a way to cut the powers that be in Russia and China into the deal, or at least court the weaker members of the BRICS if Russia and China don't want to play ball.
I like the cut of this mans jib...
"They will get together with bankers and the IMF in a big SDR circle-jerk and scheme a way to maintain the system, probably a move toward a fully electronic currency, since that takes the power out of the hands of savers entirely."
...out of the control of the people entirely.
There is nothing more desirous to meglo-maniacal control freaks than an electronic currency.
I repeat-nothing.
Just think of it, you can be falsely accused by any state, then your freedom to access your "money" can be suspended indefinitely, forcing you into a rigged legal system to fight...as your option of flight just got a whole lot narrower.
Now I know millennials and the younger ones coming along now tend to look at swiping cards or electronic debit transfer AS MONEY but its not and I'm warning all of you young people out there, its a trap to strip you of whatever is left of your liberty.
You can also track capital flows, payments, returns on investment etc. in real time. If you create a global (financial) dragnet you can map an individual's asset purchases, financial investments, food purchases, monthly rent, everything.
All that really needs to be set in place is..
1. A multilateral legal framework to support said currency, including the removal of any viable alternatives. (Central banks and global banking institutions acting with governments.)
2. A willing group of (major) economic powers. (G7 or G20 etc.)
3. A stable currency mechanism. (Now being piloted in Equador.)
4. Majority adoption, and public confidence.
Sobering isn't it?
Of course, it'll tried to be sold to the peeps as stopping the proceeds from drug/arms and assorted smuggling being laundered, terrorst financing, dictators stealing a nations wealth, the usual claptrap.
When really all it is (all that governments really are, in this case) is a syndicate of gangs seeking total control.
In the back of my mind it was one of the reasons I opposed BitCoin so vehemently, the camels nose under the electronic tent, it can't be money if it relies on anything else to be money.
An electronic currency may be the dream of TPTB, but has little chance of coming true.
Most of the world is not 'connected' the way we are here in the West. An electronic currency would not work unless everyone was connected reliably.
It would also be resisted to the point it would become more trouble than it was worth. A significant number of people would flat-out refuse, as they mistrust government AND technology. And, too many transactions still require the use of cash or some equivalent.
At best, they might be able to introduce it alongside cash, but then you'd have two currencies. They have a hard enough time controlling one these days. Not to mention the problems you'd have with tax collection with two currrencies. The 'black market' would explode to the point where people might only use the electronic stuff to pay taxes, and use some form of real currency for everything else...tax collection would become a nightmare of trying to track physical transactions.
To us in the West, electronic currency seems like a logical next step. But for the majority of the world, who aren't tied to the umbilical cords of their smart phones, it would just be another stupid idea coming from the 'smartest folks in the room'.
HAHAHAHA
This shit is going to go on for the next four months (the extension) and then more kabuki theater.
Maybe the pensioners wil revolt, but I doubt it.
Not kabuki sumo wrestling. Watch 2 fat guys in diapers stomp around and butt heads. Over and over and get noplace.
No, Greece, see, Europe has a 300 year payment plan for you.
Way way too late.
Turn Crete into a bad bank and sink a few container vessel surplusses a few miles off the coast. Problem solved.
The world is like a Apple watch with a small red stripe in the right upper corner.
I love how Germany comes off as having never heard that before.
how dare zeese greeks state zee painfully obvious!
"Yea we borrowed gigantic amounts of money to finance retarded government programs which we knew we couldn't afford, but it's all the fault of the people who loaned us the money! We're the victim here! Debt slavery! Banksters! Whaaaa! ....O, and we also want you to give us more money to keep those retarded programs running..."
Fuck you. Starve to death.
You make full government pensions for 45 year-old hairdressers sound like a bad thing?
Hi! I'd like to make an appointment to get my back shaved and pube extensions, please.
TMI!
So do they glue the back shavings to the pubes? Or sort of weave them in?
Or do they use synthetics, you know, derrivatives?
You want an old lady haircut or some luscious young thing running her fingers over your pate?
There's a lot to be said in favor of experience.
germany must be pissed over all that bailout money greece squandered on new submarines, german submarines. it's a comedy and tragedy.
The Greeks should give back the subs as a payment.
Those German subs are equipped with a remote kill switch just like cars sold to sub-prime auto buyers. If Greece misses a payment, the engine shuts down in the middle of the Mediteranean and the repo man shows up to tow it off to the holding lot.
I thoroughly agree with you.
Just one hitch though , the said Submarines are , with the latest GERMAN ENGINEERING, sailng lopsided (i.e NOT UPRIGHT)
plus they cost 3 times the normal price.
Munch munch munch...
"there must be an end to this madness. Europe must not be made to look stupid."
...lol...popcorn anyone?
Schaeuble shouldn't have given Varoufakis the 'crooked finger!'
Europe must not be made to look stupid.
-----
Yup, this reveals the true nature of the predators-that-be. They know they are stupid, they know virtually everything they say is stupid, but they just can't stand when someone calls their pretense of legitimacy what it actually is, namely a farce.
All predators-DBA-government are nothing but self-important imposter-liars, and they know that the moment regular people understand their entire scam is fraud, they'll be hanging from the trees. Which means, their only defense is not looking stupid (to too many people).
Here is all you need to know. From the Wiki on the topic:
Narcissistic personality disorder (NPD) is a Cluster B personality disorder[1] in which a person is excessively preoccupied with personal adequacy, power, prestige and vanity, mentally unable to see the destructive damage they are causing to themselves and to others in the process.
No need to drag Obama into this.
Europe must not be made to look stupid," ...
Stupid is as stupid does!
Flush the Greek shit already !!!!!!!!!!!!
If I were the leader of germany, I would make a Putin move on the Greeks, ie take over the country to protect the German interests. Then recycle the Greeks who are permanently ruined by communist & socialist ideology, change the national language to English and German, and add the land to the German republic as another state called "sunshine state".
No you naive Mr. Schnitzelface :)
Tsipras strikes deal to help Greece reform as war of words grows with Germany, Mar 12, 2015 euronews https://www.youtube.com/watch?v=DO3NeL2Ir5M
Sure we have deal Mr. Schintzelface ;) https://www.youtube.com/watch?v=Zvl9N9GdraQ
No, loaning moar and moar Euros to BK country must be made to look genius.
Tsipras and Varoufakis seem to be playing the EU, Troika et al to annoy as many Greeks as possible. They don't care, in the interim, how it upsets any of TPTB as long as the majority of Greeks who want to keep the Euro come to realise that trying to cope with the stupidity of the "rulers" of Europe is impossible.
They could convince the voters that keeping the Euro in not in their best interests when the voters see TPTB for what they really are.
An interesting theory. Since the majority of Greeks don't want to leave the EZ, make them want to.
I see an Alexis Tsipras still in electoral mode, fanning the flames of righteous disdain for the situation and "rallying the troops" to keep their morale up
I see a Yannis Varoufakis playing the Game Theory moves he thought at universities in Australia, and bargaining in a hard "AS way" instead of the softer "continental way"
I see a grumpy, old and tired Wolfgang Schäuble, the immovable object subject to a less then irresistible force
I also see a lot of pro-Russian interests in pushing Greece to some kind of break from the eu partners, while keeping Greece in the EU, an interesting balancing act
I see Varoufakis plundering the social funds of Greece, in order to repay the IMF (often called US Taxpayer Money)
I don't see Varoufakis paying back the eu-partners (that's three quarter of the Greek debt) because that debt does not even pay interest until 2023
I see though both arguing that the debt is unpayable, something everybody agrees, but where the disagreement is about when it has to be restructured
I see the eu partners haggling with the Greek government about how balanced the Greek budget has to be
what I still don't see is the Greek budget for 2015 approved by the new parliament, the real elephant in the room
I also don't see yet a triumphant Varoufakis telling us that he tamed his ministry and managed to get the flow of taxes back to his desired level
meanwhile, I see Greeks preferring to have an EUR to a new Drachma, and I see a Greek government unwilling to introduce a new Drachma because - as they themselves stated - if they had found a Drachma, they would be devaluing now, and it makes no sense for them to set one up just to trash it down
but go on and blame the EUR. it's easy, and makes everybody happy to have something to blame. Argentina et al, after all, don't exist
Eventually, the IMF will need to send Dominique Strauss Kahn down there to personally rape the population into submission.
If that doesn't work, B of A has bankers that can rape and kill people and then chop them up and stuff them into suitcases.
The bankers are done playing around - and ready for the Charles Manson Phase of bank "lending"
http://www.dailymail.co.uk/news/article-2818968/Banker-booked-prostitute...
The idea of a Privately owned central bank printing what THEY call money and loaning this ink and paper out with interest is patently absurd.
"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863
Wake up!!!!!!!
Whatever "it" is, If they are not going to pay back what they borrowed and agreed to pay back, then they are thieves and parasites and should be eradicated - or just not borrow "it" in the first place.
Shill.
Shit
You are right, I am not going to pay back what my parents and grandparents borrowed from you.
Guess that makes me a thief and a parasite in your eyes.
yep
and I have a solution for it too :-))
Troll.
vermin
Okay, so people borrow these fake money simulacrums on a promise to pay back in fake money simulacrums. Why is that a plot?
If the banks were loaning out FMSs and insisting on repayment in specie, bullion, or firstborn children, that might be another thing.
If people say that they spent all their fake money simulacrums but still have this nice silver tea set and their grandfathers farm to offer in its place, whose fault is that?
This is not to say that the Great Republic should have ever devolved into playing these perverse continental moneychanger games. Hopefully, these imported viruses will eventually run their course and the patient can regain his natural condition of health and wisdom once again.
But Contractual Party A is not responsible for the density of Contractual Party B. If anyone is to be blamed and punished, I would start with the professional educational establishment long before I started working on the list of loan officers.
My people perish for a want of knowledge.
And the specially-constituted class of knowledge guardians have betrayed their duty to instruct the citizenry on how to safeguard their liberties, both financial and chattel.
I'm not sure what Greece pretends it wants at this point.
Once again, they say that they are broke and that loaning them any more money would be immoral, evil, and useless.
Okay, I get that. So what is their solution?
They want someone to loan them more money. Or give them more money. Or fork over for reparations. But it's all about getting more money that they will not pay back.
Painful as it is going to be for everyone, the sooner the world resets, the quicker the healing can begin and the shorter the period of chaos and misery will be on a gross basis.
I see at least a double game here. I'm not a writer or spy novelist.
Yanus and Tsipras say different thing to different audiences as all politicians do. I get that Yanus thinks that Grexit would be very hard on Greek consumers and businesses as well as government revenue and may trigger an EU Depression.
*TSIPRAS: GREECE CAN'T PRETEND ITS DEBT BURDEN IS SUSTAINABLE
*TSIPRAS: IT'S VITAL FOR GREECE'S PUBLIC DEBT TO BE RESTRUCTURED
- Reparations are a bargaining point = power
- Public statements are bargaining and power
- Having an Uncle Sugar = Plus, giving up Uncle Sugar = Loss
- Attracting Big Corporate or State Investors = Plus, Giving up Big Corporate or State Investors = Loss
- Squeaky Wheel gets the oil, or Complaining is Negotiating Power = Strength
- Outrage = Strategic Strategy = Negotiating Power
- Accusations without Evidence = Power in USA = Politics
- Accusations without Evidence = Book or Talking Deals for Cash
- Writing political or economics papers for Political Groups = Cash
- Writing political or economics papers for Political Negotiations = Power
All I got.
ad hominEm.
these two will make for a great act if they decide to take up comedy together - actually more like satire of the absurd - their chemistry is in plain view - imagine them racing S's turbo charged wheelchair vs Var's 1000cc bike
Professor Einstein, could you please give an example of the term "stupid?"
Professor Einstein: "Yes, that would be lending money to someone who has no possible way to pay it back."
(Unless, of course, you can package the loan, and sell it to some small town mayor in Norway)
Wait that sounds like US Derivatives for Sub-Prime Housing.
We need to keep this comparison going.
WB7; Are you with us?
Question: Is the US using Financial Techniques from Pre WWII Germany... Or is Germany & USA & London in a Treaty allowing the use of "Crazy Ass Ideas & Make up the Financial Rules as you Go"????
"there must be an end to this madness. Europe must not be made to look stupid."
Too late mother fucker! You ass holes look like fucking idiots before all the world. EU, the EURO, European Integration, it all looks like a joke!
If something can not be paid back, it will not be paid back. The EU is so used to "extend and Pretend" that it pisses it's pants when one person states a fact!
"there must be an end to this madness. Europe must not be made to look stupid."
Too Late.
Cut them off, Germany, and live with your bad decision to give the Greeks so much money in the first place because Europeans love to play the guilt card against you. It's reasonable to demand repayment up to the point you simply loaned too much money. After that, it's on you. If you have to totally bite the bullet, dump the Euro and let the rest of Europe simmer in its own juices then so be it. You'll suffer......believe me you'll suffer......but at least you would have cut the cord and can begin the process of calling your own shots toward Russia, the U.S., NATO, Europe and the rest of the world. Do it, Germany. Do it.
Yeah, it aint Capitalism unless you cut off bad loan receivers and let the Lenders take losses.
Germany: Federal parliamentary constitutional republic, a social market economy with a highly skilled labour force, a large capital stock, a low level of corruption,[107] and a high level of innovation.[108]... so it is a Social Welfare state with Corporate Socialism to keep the largest corporations from taking losses.
It is not Germany that has to cut them off. It is the Corporations. Germany has a Triparty marriage between Labor, Industry & Government. Nothing says it includes protecting the largest Bank Lenders or makes decisions for the Largest Banks.
Maybe we should call Germany a Corporate Republic since the USA a Military Republic is Protecting it.
I don't even read these articles anymore. Greece is doomed either way. Seriously, who can believe anything the new government says???
And so, for the first time, Syriza tells the truth about the Greek debt.
So I'm not needed as an undercover tourist tax inspector?
There’s something missing here: valid counterparties.
A search for such would not be a pointless exercise; for, in a very short time we will have to address the same issue. Who, in other words, is responsible for debts of governments that have become destructive of our rights?
Are we (am I) responsible for those who sought our (my) destruction? For this to be true, it has to be demonstrated where I gave my consent to such obligation. Without it, the debt is legally uncollectable against us (or me).
Another option that is missing is an investigation and recovery of money that was stolen from such governments.
In the case of America, wouldn’t it be preferable to recover $9-$11 trillions that went missing from DoD, HUD, SSA, among other amounts and other agencies. And then there are the $3-$6 trillions amassed by American states (cities, counties and special districts). This money is invested in real estate and stocks, bonds and land, domestic and foreign; and represent taxes that were collected unnecessarily. When I did my research for California (about 2000), such surpluses divided out to $20,000 for every man, woman and child in the state. Then I factored in assets hidden in footnotes – and the dividend ballooned to $40,000 for every man, woman and child in the state.
My work raised two questions, at least, ‘Who owns these surpluses?’ and ‘When do I get my dividend?’
If we are to recover this stolen property, we have to resort to Founding principles: to historically-proven methods of redress… methods that are totally absent from American law reporters, law reviews and history books. This will give you an intro.
What we are witnessing in Greece is only a prelude to what we will have to live thru in America.
One step closer into the open arms of the Russian bear.
Wheee need one of those Hitler discovers Grease is broke voice-overs.