Draconian measaures on Greece by the EU. (381)
chris27292729: A referendum,on those Draconian measaures,has been called,on 5th of July
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
They should do what the Cypriots did in a similar crisis, plynder the bank accounts of the ordinary Greek people to pay of Europe.
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Warnee.
I think the Greeks have learnt from the Cypriot situation & those who have vast amounts of money in banks have reinvested their capital to offshore accounts.
I think the Greeks have learnt from the Cypriot situation & those who have vast amounts of money in banks have reinvested their capital to offshore accounts.
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allthegoodnamest: Warnee.
I think the Greeks have learnt from the Cypriot situation & those who have vast amounts of money in banks have reinvested their capital to offshore accounts.
I think the Greeks have learnt from the Cypriot situation & those who have vast amounts of money in banks have reinvested their capital to offshore accounts.
No doubt this is true. They will get bailed out by Europe again.
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Warnee.
It's a sad situation in Greece when you see former affluent people going to food shelters & living like the homeless, although the blame lies on both the government & the greed of the people. It's too complicated to get into too much detail but let's just say, there is no short term solution.
It's a sad situation in Greece when you see former affluent people going to food shelters & living like the homeless, although the blame lies on both the government & the greed of the people. It's too complicated to get into too much detail but let's just say, there is no short term solution.
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allthegoodnamest: Warnee.
It's a sad situation in Greece when you see former affluent people going to food shelters & living like the homeless, although the blame lies on both the government & the greed of the people. It's too complicated to get into too much detail but let's just say, there is no short term solution.
It's a sad situation in Greece when you see former affluent people going to food shelters & living like the homeless, although the blame lies on both the government & the greed of the people. It's too complicated to get into too much detail but let's just say, there is no short term solution.
The Greek P.M. speaks from the cradle of Western Civilisation.
Greece will hold a referendum on 5 July on a controversial bailout deal with foreign creditors, Prime Minister Alexis Tsipras has announced.
In a televised address, he described the plan as "humiliation" and condemned "unbearable" austerity measures demanded by creditors.
The Greek government earlier rejected the proposals, aimed at avoiding the country defaulting on its debt.
Greece has to make a €1.5bn ($1.7bn; £1.06bn) IMF debt repayment on 30 June.
In the speech, Mr Tsipras said: "These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people."
"The people must decide free of any blackmail," he added.
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Warnee.
Yes I read that too..
Yes I read that too..
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chris27292729: A referendum,on those Draconian measaures,has been called,on 5th of July
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
Will it work?
ATHENS, Greece — Greece's Parliament narrowly approved a new batch of austerity measures early Thursday, including thousands of public-sector job cuts and transfers, demanded by the country's creditors to keep vital bailout loans flowing.
Lawmakers in the 300-seat house backed the cutbacks in an article-by-article vote, with two of the governing coalition's 155 deputies failing to back crucial articles.
It was the first major test for conservative Prime Minister Antonis Samaras since a left-wing party abandoned his coalition government last month.
Greece has been kept out of bankruptcy since it started receiving rescue loans in 2010 from the International Monetary Fund and other countries using the euro, but austerity measures imposed in return have caused a dramatic increase in poverty and unemployment.
The new legislation will put 12,500 public-sector staff, mostly teachers and municipal workers, in a program that subjects them to involuntary transfers and possible dismissals. It will also pave the way for 15,000 layoffs by the end of next year.
City halls across the country have been closed this week, with uncollected rubbish piling up on the streets, and unions held a general strike on Tuesday against the proposed cuts.
"I fully understand the hardship the Greek people are going through during the great crisis," Finance Minister Yannis Stournaras said during the debate. "But I am fully convinced that the path we have chosen is correct."
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chris27292729: A referendum,on those Draconian measaures,has been called,on 5th of July
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
Cris
It's a way of wiping off the hands of politicians, just like any referendum ,, it is costly .
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This article is old,under Samaras government.
Now under this present government Yannis Stournaras is the governor,
of the Greek Central Bank. Stournaras is under pressure, to resign
his post as Governor of the Greek Central Bank (most C.B.Governors,in
the EU,they deem to act indepentently),as he was installed as Governor
from the previous Samaras government.In short the present Tsipras
government,is not happy,someone,is such important position,to have been
installed by the previous government,so they apply pressure on
Stournars to resign.
Now under this present government Yannis Stournaras is the governor,
of the Greek Central Bank. Stournaras is under pressure, to resign
his post as Governor of the Greek Central Bank (most C.B.Governors,in
the EU,they deem to act indepentently),as he was installed as Governor
from the previous Samaras government.In short the present Tsipras
government,is not happy,someone,is such important position,to have been
installed by the previous government,so they apply pressure on
Stournars to resign.
tomcatwarne: Will it work?
ATHENS, Greece — Greece's Parliament narrowly approved a new batch of austerity measures early Thursday, including thousands of public-sector job cuts and transfers, demanded by the country's creditors to keep vital bailout loans flowing.
Lawmakers in the 300-seat house backed the cutbacks in an article-by-article vote, with two of the governing coalition's 155 deputies failing to back crucial articles.
It was the first major test for conservative Prime Minister Antonis Samaras since a left-wing party abandoned his coalition government last month.
Greece has been kept out of bankruptcy since it started receiving rescue loans in 2010 from the International Monetary Fund and other countries using the euro, but austerity measures imposed in return have caused a dramatic increase in poverty and unemployment.
The new legislation will put 12,500 public-sector staff, mostly teachers and municipal workers, in a program that subjects them to involuntary transfers and possible dismissals. It will also pave the way for 15,000 layoffs by the end of next year.
City halls across the country have been closed this week, with uncollected rubbish piling up on the streets, and unions held a general strike on Tuesday against the proposed cuts.
"I fully understand the hardship the Greek people are going through during the great crisis," Finance Minister Yannis Stournaras said during the debate. "But I am fully convinced that the path we have chosen is correct."
ATHENS, Greece — Greece's Parliament narrowly approved a new batch of austerity measures early Thursday, including thousands of public-sector job cuts and transfers, demanded by the country's creditors to keep vital bailout loans flowing.
Lawmakers in the 300-seat house backed the cutbacks in an article-by-article vote, with two of the governing coalition's 155 deputies failing to back crucial articles.
It was the first major test for conservative Prime Minister Antonis Samaras since a left-wing party abandoned his coalition government last month.
Greece has been kept out of bankruptcy since it started receiving rescue loans in 2010 from the International Monetary Fund and other countries using the euro, but austerity measures imposed in return have caused a dramatic increase in poverty and unemployment.
The new legislation will put 12,500 public-sector staff, mostly teachers and municipal workers, in a program that subjects them to involuntary transfers and possible dismissals. It will also pave the way for 15,000 layoffs by the end of next year.
City halls across the country have been closed this week, with uncollected rubbish piling up on the streets, and unions held a general strike on Tuesday against the proposed cuts.
"I fully understand the hardship the Greek people are going through during the great crisis," Finance Minister Yannis Stournaras said during the debate. "But I am fully convinced that the path we have chosen is correct."
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Why then
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
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The Politicians they say those meassures,designed by the EU,and IMF,
are unacceptable and unworkable,thus the referendum.
In the mean time,IMF has admitted(under Mrs Langard),that their
policies concerning Geece,(the last 5 years)were wrong.
The counter finance proposals,by the Greek government,aren't accepted
by the IMF and the EU, in the mean time, those ultimatums,they way
they are presented, to the Greeks,aren't accepted by the Greek
government.-
are unacceptable and unworkable,thus the referendum.
In the mean time,IMF has admitted(under Mrs Langard),that their
policies concerning Geece,(the last 5 years)were wrong.
The counter finance proposals,by the Greek government,aren't accepted
by the IMF and the EU, in the mean time, those ultimatums,they way
they are presented, to the Greeks,aren't accepted by the Greek
government.-
Lolette: Cris
It's a way of wiping off the hands of politicians, just like any referendum ,, it is costly .
It's a way of wiping off the hands of politicians, just like any referendum ,, it is costly .
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And those German submarines,are faulty,they lean towards one side.
And they tell us to admire the German technology,and the Germans
insist, we get them, and pay for them.
And they tell us to admire the German technology,and the Germans
insist, we get them, and pay for them.
tomcatwarne: Why then
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
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chris27292729: The Politicians they say those meassures,designed by the EU,and IMF,
are unacceptable and unworkable,thus the referendum.
In the mean time,IMF has admitted(under Mrs Langard),that their
policies concerning Geece,(the last 5 years)were wrong.
The counter finance proposals,by the Greek government,aren't accepted
by the IMF and the EU, in the mean time, those ultimatums,they way
they are presented, to the Greeks,aren't accepted by the Greek
government.-
are unacceptable and unworkable,thus the referendum.
In the mean time,IMF has admitted(under Mrs Langard),that their
policies concerning Geece,(the last 5 years)were wrong.
The counter finance proposals,by the Greek government,aren't accepted
by the IMF and the EU, in the mean time, those ultimatums,they way
they are presented, to the Greeks,aren't accepted by the Greek
government.-
Cris, i'm following this issue closely,,, let's see what will come, out of it ,,seems so hard to correct those errors ,,, from both party anyway ,,
drastic measures was not the solution, it pulled down to the lowest level whatever economic growth substantial to the economy of your country,, but it was implemented,, so what now? I remembered the speech of DSK when he was still in the IMF , he was out, nobody followed his insights ,,,
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chris27292729: And those German submarines,are faulty,they lean towards one side.
And they tell us to admire the German technology,and the Germans
insist, we get them, and pay for them.
And they tell us to admire the German technology,and the Germans
insist, we get them, and pay for them.
..I hope thy are under guarantee.------ This thread is Archived ------
tomcatwarne: Why then
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
Why then
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
Because, huge sum to that purpose were not directly tunneled to Greece, but instead passed by so many banks, which releases the sum with an interest rate 5 times higher that the EU bank charged, automatically it becomes a lot more expensive for Greece,, just the by the interest alone, we're talking of billions here ,, it's already enourmous,, FRANCE/BANKS are among the biggest creditors , it's a tangled web,,,
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chris27292729: And those German submarines,are faulty,they lean towards one side.
And they tell us to admire the German technology,and the Germans
insist, we get them, and pay for them.
And they tell us to admire the German technology,and the Germans
insist, we get them, and pay for them.
damn things must be leaning to the right then?
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chris27292729: A referendum,on those Draconian measaures,has been called,on 5th of July
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????
Yes, the Greek people pretended to be several social classes higher than they actually are for decades, and now I see it as as only right for the Greek people to live their deserved standard of living even if this only lasts one decade.
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tomcatwarne: Why then
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
1. How the debt was derived, why it is, after six years of austerity, now nearly twice the size it was before, and how the fiddled budget surplus for 2014 was a whopping one 360th of the Greek national debt.
2. How Yanis Varoufakis of Syriza railed against the debt accumulation from 2006 onwards.
3. The cynical way in which both the EC and Berlin both encouraged the Greeks to buy armaments with the borrowings, and then exaggerate how bad the situation was
4. How 2/3rds of the debt could be written off by the ECB with not a scintilla of harm to either the bank itself or the eurozone citizens it so risibly claims to represent
5. Of the remaining 1/3rd, 50% is unreal money that comes courtesy of the mad FRB banking system which Mr Hannan so admires
6. If both these realities were accepted by Troika2, Greece’s debt would be eminently manageable
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good
8. The real creditors got away with at worst break even and at best a profit margin of some 25%, having bought cynically on the junk market at 10c on the $
9. Hollande and Merkel insist on Greece “meeting its obligations” when neither of them has ever met any of theirs since the day the euro was launched on an unsuspecting world
10. If Wolfgang Schäuble had cancelled the arms contract that alone ran up a €150bn of the debt, none of us would be in this position….but he refused
11. Greece has still only received 1 of the 2 submarines it ordered under that contract
12. Germany has dumped secondary Austrian banks in the mire by reneging on all “its obligations”
13. Only a democratic election put Syriza in the position of having overwhelming citizen support to reduce the country’s debt burden: the Troika would vastly prefer to deal with the crooks who ran up the debt in the first place
14. The creditors’ sole strategy now is to load austerity onto the backs of 10.5m Greeks, at least 97% of whom gained no benefit from it
15. Germany had all its massive war debts written off in 1947, and never paid a penny of reparations to the Greeks they starved half to death for three years
16. Greece is NOT asking for more money, it wants only a brief debt moratorium followed by debt restructuring
17. Greece has slipped back into recession because Draghi and his cohorts have manipulated the fiscalities to make normal economic activity impossible.
18. Grexit is not possible for two years…as an MEP, I would expect Mr Hannan to understand that
19. Whatever he may think of “radical Leftists” the average Greek would far rather have Pinnochio as Prime Minister than a return to the previous ventriloquists’ dummies.
20. In nine weeks of negotiations, Syriza has made 7 major concessions, while the Troika has made, um, none.
******
7. If the original debt had been written off in 2009, the ECB’s balance sheet would be €210bn to the good ,,,
This was once the proposal of DSK,, it should have been much lighter for all the parties involved,, but i am convinced,, financial sharks has a lot to answer for this,,,
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Obstinance_Works: Yes, the Greek people pretended to be several social classes higher than they actually are for decades, and now I see it as as only right for the Greek people to live their deserved standard of living even if this only lasts one decade.
Greece had been living on Bond Street which should have been Vine Street and now you'll have to spend a few years down the Old Kent Road.
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in Greece.
Shall the Greeks,vote YES or NO , for those EU measaures.????