Posted on 01/25/2015 6:01:49 PM PST by Lorianne
The Greeks are going to build a big, wooden horse and give it to Obama. They might give him the horse, too.
Even a minimal welfare state will be hard to fund due to the lack of cash.
Realistically both the EU and the new incoming Syriza government have very few options. The EU wants to be repaid, and Greece wants the leash loosened so it can stimulate its economy.
Finding the right formula to do that is the next stage of this long-running drama.
Not a figure for me.....
Well here’s the thing. If the rich don’t get to rip off the government, why shouldn’t the poor?
Greece still mad at Germany from the Second World War. Apparently, Germany paid some countries for what they destroyed by did not pay Greece. Now Greece could embrace austerity and put itself back on its feet eventually, but chooses not to. Long memories, according to a friend.
Europe tried to be the United States of Europe but it’s not working out that well. Too many millennia of fighting one another.
by = but
The EU has plenty of options, up to and including attaching* its claims to all Greek transactions overseas, on pain of EU sanctions. Syriza has very few. Maybe if a latter-day Alexander can conquer the EU for Greece...
* That would be drastic - even the US hasn't gone that far, although it does remain a policy option. Remember how Argentina lost is flagship to its hedge fund creditors? The EU could do that to Greece, only much more systematically, since they can punish countries that transact with Greece much more systematically than hedge funds could Argentina.
When I have work done at my home it is not uncommon for the service provider to say, "If you pay with cash the bill will be reduced by 20%."
Only in Greece does a drowning man find hope from grabbing on to an anvil.
One of the best trips of my life. Athens, Santorini, & Paros. Fabulous beaches, food, and history.
...”at least it would be Greeks making the decisions, not international lenders and that would be good in the long run both for Greece and for Europe”....
Not so sure it will play out that way though...I tend to think another deal will be struck in order to keep Greece in the EU...not because they want them, but because they don’t want pthers following the same path.
Bingo! They have elected a “Santa Claus,” blindly hoping that the new guy will continue down the socialist path and everything is fine. Nonsense. The clock for the US is ticking too, ever faster and faster....
Sounds like they will go ‘double austerity’ to me.
Cause any money from the European Union will stop.
"Buddy, you have no money. You're tapped out. I mean: no money!"
"Okay, how about if I spend less, would that be good?"
"That would be good."
"Okay, I'll spend less. But only for a week, alright? Then I'm going on a cruise. I figure after a whole week of austerity, I'll have earned a little vacay."
"Whatever, dude."
???...
Someone once said, “War is the continuation of politics by other means.”
....”Only in Greece does a drowning man find hope from grabbing on to an anvil.”....
Pretty much how I see it as well....false hope in this guy...they’ll soon find their limited in what they can do.
They overspent for decades, then cried for help... they mistakenly think 5 years would be enough after a lifetime of how they got themselves into this mess?
Stick your hand in the pot of the IMF and World Bank...you are going to pay for dealing with “loan sharks”....
Russia already took over Crimea. It has a massive presence in Cyprus. Greece isn’t too far, and Russia could start by buying up islands or offering massive debt for land collateral loans.
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