Geek isn't Greek Ricky.
Greece
- Thread starter Brownslave688
- Start date
Yah, fiscal responsibility sucks.An inspection of the new government’s cast and programme shows that they are aiming for a Latvian solution to our permanent Great Depression: dealing with under-employment via the emigration of even more young people; subjecting the remaining workers to medieval terms and conditions; devastating small businesses whose market share will be taken over by troika-supported multinational oligopolies; using the banking system to launder dark money; surrendering public assets and the property of indebted households to assorted vultures; and leaving the state too impoverished to look after the weak but ever so generous to the strong.
As this naked class war will provoke considerable resistance, I expect the new government to turn viciously authoritarian. Already, New Democracy cadres warn of new draconian laws against dissent. The alliance of neoliberals and post-fascists entering Greek ministries will work together to violate basic civil liberties in the name of … economic liberalism.
How Syriza’s capitulations allowed the Greek right to escape the dustbin of history - The New Statesman - Yanis Varoufakis
The left-wing party’s embrace of austerity created the conditions for a parasitic and cruel oligarchy to return The Greek right is back: greedier, uglier and more focused than ever. The incoming New Democracy government is determined to reclaim full control of the state on behalf of the most...www.yanisvaroufakis.eu
Its not responsible. debts that cant be repaid wont
Then they shouldn't have borrowed the money. Seriously, imagine how much money they borrowed and they knew they couldn't repay it.
UnionStrong
Sorry, but I don’t care anymore.
Dirty Greeks
I dated a girl from Athens when I was 20. Most beautiful girl I ever dated. Dumped me after I went into the Air Force.
UnionStrong
Sorry, but I don’t care anymore.
I hear they like it “Greek” style….
Wouldn't know. We made out like crazy but we were both good little church kids.
UnionStrong
Sorry, but I don’t care anymore.
Perhaps
UnionStrong
Sorry, but I don’t care anymore.
You took the money!
Well apparently Greece does. It's not the same as you going down to your local bank. Sovereign nations issue bonds. Other nations and banks buy those bonds. That's the loan. They expect to be paid back with interest. Greece defaulted. They have a responsibility to the bond holders. If a nation doesn't honor its sovereign debt then it's likely no one will lend to them in the future(buy their bonds). And nations buy with taxpayer money. Banks buy with depositor money. You can't just write it off because then those entities will be damaged. People will lose money. Greece should have been responsible at the start and now they're paying for it.
Greece never declared it. Thats wat happened in 2015, the govt just borrowed more that it knew couldnt be repaid. Read wat i posted
Thats why theres interest bc lender bears risk of not being repaid
Greece doesnt have to repay lol
The government sold bonds. They were giving ridiculous benefits to their citizens. It's their responsibility to know the costs and what they could repay. They figured they'd get around it somehow. They figured wrong.
What do you think austerity is? It's the government cutting way back on their services to their people so that they can pay the restructured debt.
Turdferguson
Just a turd
If you are going to revive 8 year old threads could you at least pick one thats interesting?
Greece was never bailed out; it remains a debtor’s prison and the EU won’t let go of the keys - op-ed in The Observer - Yanis Varoufakis
Over the past week, the world’s media have been proclaiming the successful completion of the Greek financial rescue programmemounted in 2010 by the European Union and the International Monetary Fund. Headlines celebrated the end of Greece’s bailout, even the termination of austerity. Buoyant...
View attachment 379029
This blows, @Brownslave688 should be embarrassed by this flaming pile of dog poo of a thread.
greece can declare bankruptcy and not pay. thats why yanis quit because everyone in his new left wing party capitualted except him in 2015.
austerity is junk economics which takes money out of the economy. its likely just class warfare.
you guys did the same thing, but you had some kind of other orwellian term for it....i cant recall now. but anyways you guys started it after you bailed out the banks.
wall st got bailed out, main st got sold out.
