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greek mess

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Re: greek mess

Postby Hermes » Thu Jul 26, 2012 3:57 pm

Viewpoint wrote:
Tell that to the Germans....I dont think people will take you seriously Greece is bankrucpt and soon you will be as well...I predeicted this many moons ago plus the few honest GCs are also saying the same.

Read and weep, the title tells you everything... http://biz.thestar.com.my/news/story.as ... c=business


VP. We all know you are obsessed by Greece and Greek Cypriots. We are all really flattered. But it is wrong to focus on Greece when similar problems exist in more than half the eurozone. This is not a simple matter of profligate spending by southern governments (as the Germans would have it); the economic situation is resolvable, but only through the institutions that caused it in the first place. That is, the eurozone.

Since Germany is being allowed to run the eurozone, then all attention should be on Germany. Please do not distract people with trying to focus on Greece. The problem is with Europe, and specifically with the terrible political leadership of Europe. Indeed, these are more political problems than economic — regardless of the underlying weakness of certain economies, and the deteriorating overall position of Europe in the global economy.
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Re: greek mess

Postby GreekIslandGirl » Thu Jul 26, 2012 4:28 pm

Hermes wrote:
Viewpoint wrote:
Tell that to the Germans....I dont think people will take you seriously Greece is bankrucpt and soon you will be as well...I predeicted this many moons ago plus the few honest GCs are also saying the same.

Read and weep, the title tells you everything... http://biz.thestar.com.my/news/story.as ... c=business


VP. We all know you are obsessed by Greece and Greek Cypriots. We are all really flattered. But it is wrong to focus on Greece when similar problems exist in more than half the eurozone. This is not a simple matter of profligate spending by southern governments (as the Germans would have it); the economic situation is resolvable, but only through the institutions that caused it in the first place. That is, the eurozone.

Since Germany is being allowed to run the eurozone, then all attention should be on Germany. Please do not distract people with trying to focus on Greece. The problem is with Europe, and specifically with the terrible political leadership of Europe. Indeed, these are more political problems than economic — regardless of the underlying weakness of certain economies, and the deteriorating overall position of Europe in the global economy.


A very well reasoned response. I would add that the eurozone has been under attack from Bankers (mostly US and UK) and has not responded appropriately. Probably because (post-war) Germany has been bought by the USA.
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Re: greek mess

Postby Lordo » Sat Jul 28, 2012 2:00 pm

has anybody cleaned up the mess yet. I can smell it from here.
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Re: greek mess

Postby Hermes » Sat Jul 28, 2012 2:32 pm

supporttheunderdog wrote:
no, Greece has started to save it self - I hope this government survives but it has a long way to go amd there is no certainty even from the beeb article you quote that Germany and the rest of the net contributors to the EU and Eurozone project will accpet significant cahnges to the austerity plans. It os however a start and there is some hope for the people of Greece, but the Government of Greece has got to make fundamental changes to spending plans.


The debt is unsustainable even if Greece implements the changes being asked of it. The debt needs to be restructured (a further haircut) or more preferably written off. Current policies are just kicking the can down the road and make an uncontrolled default and eurozone exit more likely.
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Re: greek mess

Postby boomerang » Sat Jul 28, 2012 2:37 pm

it doesn't sound like the problem has bottomed out yet...more so for greece than the eurozone...greece will eventually be pushed out of the euro...the eurozone is restrucruring as to keep the effect to a minimum...once plans and safeties are in place you can bet your bottom dollar the very next day is adios greece...then we might start to see bottoming of the problem...again more so for the eu...it will take greece a while longer before she bottoms out...
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Re: greek mess

Postby Viewpoint » Sat Jul 28, 2012 5:04 pm

:lol: Who said that Greece's economy was booming and in great shape ?
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Re: greek mess

Postby Hermes » Sat Jul 28, 2012 5:10 pm

Viewpoint wrote::lol: Who said that Greece's economy was booming and in great shape ?

They said the same about Ireland, Spain and Portugal. Don't focus just on Greece, VP. It only shows your obsession and makes you look a little bit unhinged.
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Re: greek mess

Postby supporttheunderdog » Sat Jul 28, 2012 5:22 pm

Lordo wrote:has anybody cleaned up the mess yet. I can smell it from here.


You mean the one in the occupied zone from when the bin men weren't paid because the authorities had run out of, sorry, run off with the money ? ?
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Re: greek mess

Postby Lordo » Sat Jul 28, 2012 11:00 pm

is there really a comparisson. how much was the bail out 200 billion. the best greek joke i have heard in a long time.
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Re: greek mess

Postby Hermes » Sun Jul 29, 2012 12:03 am

Lordo wrote:is there really a comparisson. how much was the bail out 200 billion. the best greek joke i have heard in a long time.

The bailout was for the French and German banks who are insolvent. The Europeans want to keep loaning the money to the Greeks to pay off the bankrupt European banks. It's all a big charade to fool the European public into thinking they're not the ones who are ultimately paying. Why do you think the Europeans are so keen to keep lending to Greece? Do you think this money really goes to Greece?
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