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greek mess

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Re: greek mess

Postby Cap » Sat Jul 13, 2013 7:50 am

supporttheunderdog wrote:The tragedy continues

http://www.incyprus.com.cy/en-gb/world-news/4329/36063/protests-continue

Contrary to the lies I take no satisfaction in what is happening in Greece.



And does that surprise you?
When a socialist state collapses, the masses are yanked from from the teat of the system, so they're like a fish out of water.
The system was never geared for innovation, industry and job creation.
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Re: greek mess

Postby kimon07 » Sat Jul 13, 2013 8:42 am

Cap wrote:
supporttheunderdog wrote:The tragedy continues

http://www.incyprus.com.cy/en-gb/world-news/4329/36063/protests-continue

Contrary to the lies I take no satisfaction in what is happening in Greece.


And does that surprise you?
When a socialist state collapses, the masses are yanked from from the teat of the system, so they're like a fish out of water.
The system was never geared for innovation, industry and job creation.


But it was.

From 1955-60 (first K. Karamanlis era) from 1967 to 1974 (the junta = the best period for the Greek economy after ww2) and somewhat but less, from 1975 to 1981 (second K. Karamanlis era). Then came Andreas the "Terminator1" Papandreou.

In international literature, the first two eras ('55 to '74) are characterized as the "Greek (econimic) Miracle"

Very positive and promising results were achieved by Mitsotakis from 1990 to 1993. It was certain that they would help the country recover rapidly from the depression to which Andreas had put it (big deficit-huge debt). But then came Antonis the "Terminator2" Samaras (todays P.M.) who toppled the government of Mitsotakis and brought back to office the half daed (at that time) Andreas the "Terminator1" who was succeded by the infamus Kostas "The Infamus Crook" Simitis who was succeded by George "Forest GAP" alias "the Traitor" Papandreou, the son of "Terminator1".
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Re: greek mess

Postby Paphitis » Sat Jul 13, 2013 6:27 pm

kimon07 wrote:
Cap wrote:
supporttheunderdog wrote:The tragedy continues

http://www.incyprus.com.cy/en-gb/world-news/4329/36063/protests-continue

Contrary to the lies I take no satisfaction in what is happening in Greece.


And does that surprise you?
When a socialist state collapses, the masses are yanked from from the teat of the system, so they're like a fish out of water.
The system was never geared for innovation, industry and job creation.


But it was.

From 1955-60 (first K. Karamanlis era) from 1967 to 1974 (the junta = the best period for the Greek economy after ww2) and somewhat but less, from 1975 to 1981 (second K. Karamanlis era). Then came Andreas the "Terminator1" Papandreou.

In international literature, the first two eras ('55 to '74) are characterized as the "Greek (econimic) Miracle"

Very positive and promising results were achieved by Mitsotakis from 1990 to 1993. It was certain that they would help the country recover rapidly from the depression to which Andreas had put it (big deficit-huge debt). But then came Antonis the "Terminator2" Samaras (todays P.M.) who toppled the government of Mitsotakis and brought back to office the half daed (at that time) Andreas the "Terminator1" who was succeded by the infamus Kostas "The Infamus Crook" Simitis who was succeded by George "Forest GAP" alias "the Traitor" Papandreou, the son of "Terminator1".


No it wasn't and the evidence is in your post! This is just typical Greek komatismos. You're just smearing and blaming one side and praising the other.

When will you ever learn? :roll:
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Re: greek mess

Postby supporttheunderdog » Thu Apr 09, 2015 3:24 pm

The Greek mess continues but the good news is that they have at least paid off a tranche due today

http://greece.greekreporter.com/2015/04/09/greece-paid-448-mln-euro-tranche-to-the-imf/

There is still a long way to go and the word Grexit, seems to be back in Vogue or "Grexodos" , flowing from the word for final scene or departure, especially in tragedy and usually Old Comedy.
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Re: greek mess

Postby repulsewarrior » Sat Aug 27, 2016 6:18 pm

The love affair was no surprise. Nor was the fact that the IMF had taken part in the immolation of Greece. No, the surprise was that the IMF would publicly disclose the extent of incompetence and massive rule breaking that had taken place.

The Ambrose Evans-Pritchard byline told me this would be a good story. Here’s his lead:

The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions.


http://www.businessinsider.com/the-imf- ... uro-2016-8

The IMF-EMU love affair led the agency to accept reports and assurances from eurozone officials at face value, without the same kind of routine verification they demand from less-developed countries.

I suspect those less-developed nations, noting favoritism toward Europe, asked the IMF Independent Evaluation Office to start a probe. The IEO bypasses the bureaucrats and reports directly to the executive board. Once unleashed, the IEO had no trouble finding bias, incompetence, and deceptive dealing.

IMF corruption has left Greece with no good options
These tendencies led the IMF to cooperate in imposing harsh austerity measures on Greece while protecting Greek creditors from haircuts. The IMF was far more concerned about protecting the sanctity of the euro system and the stability of European banks than it was about helping the citizens of Greece.

We can’t know for sure, but it seems likely an orderly debt write-down process would have put Greece back on its feet. This would have spread the pain equitably among the parties. The IMF instead pushed a plan that it knew would never work—or at least many inside the IMF were saying so.

Here’s a sad fact. If Greece had just walked away from its debt, left the euro, and reintroduced the drachma, it would have gone through a very severe depression… but it would now be on its way to recovery.

Instead, Greece is trapped in a more than five-year-long depression that is worse than the Great Depression of the ’30s in the US. And, there seems to be no way out if they continue to follow IMF-imposed mandates in order to keep bailout money coming.
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Re: greek mess

Postby GreekIslandGirl » Sun Aug 28, 2016 11:06 am

repulsewarrior wrote:Here’s a sad fact. If Greece had just walked away from its debt, left the euro, and reintroduced the drachma, it would have gone through a very severe depression… but it would now be on its way to recovery.


They live to walk away another day ....
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Re: greek mess

Postby Lordo » Sun Aug 28, 2016 1:22 pm

till they resolve the problem, no matter what they do the problem will prevail.
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Re: greek mess

Postby MrH » Mon Sep 05, 2016 6:32 pm

Here's something that will really wind the Greeks of Greece up. ever since their Financial crisis, every stock broker I know has been relentlessly "Shorting" every corner of the Greek Stock trading opportunity on a daily basis - and I mean millions. Germany is so frustrated with how Traders on the stock market is making money AGAINST the EURO due to Greece's ill-fated companies that she is seriously considering leaving the country to suffer in its own vermin until it cries for surrender and designates itself as the shameful nation of Europe - if it's not already. Even Bulgaria is laughing at Greece's actions on its economy. It's an embarrassment for such a nation whom claims to have helped expand the subject of Advanced-mathematics when they couldn't even calculate basic accounting. It goes to show that the Greeks of Today have no connection to those people whom occupied their lands in Ancient times. If anything, I would say that the true ancient Greek people were banished and replaced with the Arabs of northern Syria! The Greeks of today definitely don't look like the original Greeks from ancient times! everything they touch they destroy; from Cyprus to Greece. What a bloody mess of a nation. And even more embarrassingly is the fact that they are on 10million people. There are more people in London for god's sake.
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Re: greek mess

Postby kurupetos » Mon Sep 05, 2016 11:19 pm

MrH wrote:Here's something that will really wind the Greeks of Greece up. ever since their Financial crisis, every stock broker I know has been relentlessly "Shorting" every corner of the Greek Stock trading opportunity on a daily basis - and I mean millions. Germany is so frustrated with how Traders on the stock market is making money AGAINST the EURO due to Greece's ill-fated companies that she is seriously considering leaving the country to suffer in its own vermin until it cries for surrender and designates itself as the shameful nation of Europe - if it's not already. Even Bulgaria is laughing at Greece's actions on its economy. It's an embarrassment for such a nation whom claims to have helped expand the subject of Advanced-mathematics when they couldn't even calculate basic accounting. It goes to show that the Greeks of Today have no connection to those people whom occupied their lands in Ancient times. If anything, I would say that the true ancient Greek people were banished and replaced with the Arabs of northern Syria! The Greeks of today definitely don't look like the original Greeks from ancient times! everything they touch they destroy; from Cyprus to Greece. What a bloody mess of a nation. And even more embarrassingly is the fact that they are on 10million people. There are more people in London for god's sake.

:lol: :lol: :lol:
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