repulsewarrior wrote:...i'm sorry Paphitis, i fail to see any connection between the news GIG has posted and the likelihood that Free Trade continues to expand globally. Being a Cypriot i hardly think that you would be taking any glee to see hardworking people anywhere hijacked of the assets which give them the confidence to continue to work hard; it's despicable.
Personally, i am still rooting for Tsipras, although the elections will be looming soon, i suppose. This is just the beginning, a sacage (by German Banks essentially), and according to the IMF, not sustainable.
This is not an issue that will go away in the near future, it may have another thirty years to change, but it is a European problem, more a symptom, an indication of something bigger, a decline in their civilization, without change. In any case, there is the question of onerous debt, and in that regard the answers are unclear. It may well be that the Banks are responsible for a good bit of the scandal German Industry was been implicated in, and what of the German Government, by not recognising it, complicit, in it. But, we will never know because the "Troika" does not have that public control.
..ask Papandreou, if you want to know something about the "Germans", wasn't he one of their crowd at one point?
@ Paphitis, well i was responding to the post you made before this, take it with a grain of salt now.
Tsipras lost a long time ago, and was never going to win if this was some kind of Leftist Ideologically based exercise against Capitalism.
He only had 2 options as follows:
1) suck it up and do anything to appease the Eurozone blackmail, or
2) GREXIT.
After what was a brave stand off, he is now sucking it all up which has me wondering that perhaps this should have been done from day 1. If you gonna talk tough, then your only option was GREXIT, now he just looks very foolish.
Now let's be very clear. Germany has done nothing wrong really. Their politicians are pandering more-so to the expectations of their own tax payers who do not believe they should be bailing out anyone. It's a pretty fair position as a matter of fact.
Greece's issue is not the system. The system exists globally. It's not going to change. Many countries are very prosperous under this system. cyprus was very prosperous for a very long time under this system and could be on its way to recovery.
Greece however, lags behind in innovation, creativity, industry, technology and social cohesion. They even view the system as some kind of Western American cancer which has bought the country down. despite America having nothing to do with it at all. Of course it's not the people's fault who some are in fact very hard working. It's the political system in Greece that is to blame pure and simple! It is not very good when the only jobs you can offer these hard working people, often with tertiary educations, is work in tourism or in Agriculture.
What have they done in the last 4 decades? NOTHING!
What could they have done? Well, Greece could have been a very attractive country for many multi-nationals to set up there.
A backlash!
