Oh, and by the way, I should have tagged the post with a “barf alert” — my apologies.
Default is inevitable, and not just in Greece.
Wow.
Writer posted an update that makes it clear that he was not advocating a coup...per se, he was pointing out that it would theoritically solve some of the problems.
The EU was so hungry for expansion they made a huge blunder in admitting Greece to the EU, and pretty much everyone with half a brain knew it at the time, now the bill is come due and no one wishes to pay it..in true socialistic fashion.
As long as Govt’s continue to guarantee investor’s profits, this will happen over and over and over again, at least the people of Iceland stood up for National Sovereignty and said “tough luck” to the banksters who duned them for payment.
Greed Works
Will Pappendreau plebicite grease Greek slide into a Hell(istic) hole ?
Hell, it worked out really in Chile. OK, it was a little messy to start with but look where Chile is today.
So, whatever the EU does re. Greece, they can't help these people. Greece is too far gone.
Forcing Greece into default & out of the EU MIGHT convince the rest of the PIIGS & their people to do the difficult things necessary to get their budgets in order & remain in the union. The EU is throwing good money after bad with these futile, unappreciated bailouts.
Useful idiots take not. Greece was the perfect leftist-socialist state. Lavish social and public sector spending far beyond its capabilities.
What happened? It excess eventually threatened the greater socialist machine, and that machine turned on it in a second.
Those on the government teat here, should take a good hard look at what their masters are willing to do with them when the time comes.
Have there been any good estimates of where all the money went?
Greeks and USA?
We all know it went down some rat hole, where?
Papandreou threatened leaving NATO and the EEC to secure constant funding from the West. In fact, in 1985, he blocked the admission of Spain and Portugal into the EEC until he was given nearly 30 billion in EEC funds. Jaques Delors finally caved! There is a constant and overriding theme in post WWII Greek politics: the world has used Greece as a pawn, and hence the world owes us. The Germans, the British and the Americans kept Greece from democracy and freedom until the late 70s. It suited their wartime aspirations. And while we in the US were going through the Reagan revolution in the 80s, the Greeks were still trying to right the many perceived wrongs from the WWII and Cold War battles. Much of Greece's debt troubles can be traced back to reparations for the tragedies associated with those two wars. There are strong senses of entitlement, retribution and redistribution that have taken Greece down this path of excess debt for the last 30 years. The political culture of redistribution that came with freedom in the 1980s, morphed into a culture of unsustainable state entitlement.
Is that a good idea, keeping your off-shore money in euros?
In other news, http://www.freerepublic.com/focus/f-news/2801422/posts reports the top Greek military leaders were just replaced, perhaps in fear of a coup.
Because you can't put the air back in the bubble after it pops.
The mask covering today’s internationalist (Multi-cultural) business ideology slips.
Corporate idiots are supporting corrupt American politicans who permit them access to the US treasury and who stand against the untidiness of the US constitution. That is why they give money to Obammy. Soros is definently a fascist.