Greferendum

[scotttswan]

No. The people should keep it, instead of giving to the government who will either give it to creditors or piss it away on a inept airline or on populist "para todos".

Or invest in proper infrastructure that will benefit the country for years to come.

 

[Bajo_cero2]

This is what awaits many European countries if no real compromise (involving both haircuts and reforms) is not achieve soon. And from this brew of despair, something really nasty will emerge.

Crying Greek pensioner: the story behind the poignant photo

You make me laugh. This is what happens when you follow those austerity doctrines.

 

[ajoknoblauch]

You make me laugh. This is what happens when you follow those austerity doctrines.

The problem in Argentina is not Keynesianism - there was no alternative to it in 2002 - but rather the unwillingness to acknowledge the limits of Keynesianism. That said, there are also limits to austerity.

 

[toongeorges]

Well yeah,

it is all Europe's fault, Greece nows better, Europe must listen to them (sarcasm)

https://www.youtube....h?v=-SvbId2fQ3w

The guy in the video above is clearly sick. He is full of narcissism, anger and revenge.

Europe does not want to drop Greece because it knows there would be no winners.

However as a saying in Italian goes, if you offer a finger, they will take your hand and if you offer your hand, they will take your arm.

Current Greek politicians want the impossible, no solution is enough for them and their tactic is to say: Europe has to listen to us, because if Greece goes down, all Europe will go down. Now they are deliberately destroying Greece to maximize the damage on Europe. Only they are mistaken, Europe will be damaged if Greece is destroyed, but it will not be destroyed. Europe is tired of this senseless drama.

I think it is rather possible that Greece will be kicked out, not because Europe does not want to help, but because Europe wants to limit damage to itself.

Poor Greece.

 

[Bajo_cero2]

http://www.diarioreg...-argentina.html

This is Stiglitz analizys of Greece and Argentina.

Toongeorges, there is no good or bad, Grece has to do what is goiod for greeks, simple like that.

The Euro is the Deusch Mark.

 

[camberiu]

Current Greek politicians want the impossible, no solution is enough for them and their tactic is to say: Europe has to listen to us, because if Greece goes down, all Europe will go down. Now they are deliberately destroying Greece to maximize the damage on Europe. Only they are mistaken, Europe will be damaged if Greece is destroyed, but it will not be destroyed. Europe is tired of this senseless drama.

I think it is rather possible that Greek will be kicked out, not because Europe does not want to help, but because Europe wants to limit damage to itself.

Poor Greece.

Are you European? Do you have an European bank account? If so, when you go check your balance online and see the amount of money that you have deposited under your name, remember this: Your money is not there inside some nice safe in Germany, France, Austria or the Netherlands, waiting for your withdraw. Your money, and that of most Europeans, was lent to Greece, Spain, Ireland, etc... All the money that you think you have, is nothing more than promise that they will pay you back.

Poor Europe.

 

[toongeorges]

Toongeorges, there is no good or bad, Grece has to do what is goiod for greeks, simple like that.

The Euro is the Deusch Mark.

I am not saying Greece is bad. I have a Greek friend and I emailed her, because I was concerned about her situation and she was very emotional.

Though Greek leaders clearly are incompetent. One part of it is the huge corruption in Greece. It is ironic that the most corrupt country in the EU is lecturing the other countries about governance.

Maybe it sounds familiar, Greece has a tendency to blame its problems on others and to show no responsibility in addressing its problems itself. Maybe I fail to understand that they are now addressing their problems in a responsible way.

The euro requires financial discipline, as all Europeans countries, including Greece agreed on when joining. Greece did not tell it did not respect the conditions when joining and it did not want to respect them. If Greece does not honour the agreements on the euro, then why did they join and why would they stay? Is it like Argentina selling bonds according to US law, because that gives cheaper interest rates?

 

[Matiasba]

The posture the 'Troika' is having with Greece (I mean not to give up a milimeter) is clearly a message to other countries where left parties or movements will arise. Spain, for example, with Podemos. What is happening with Greece (as what happened with Argentina and the vulture funds) is setting a precedent for these countries.

The are using Greece and its left government to disciplinate the next ones.

 

[toongeorges]

Are you European? Do you have an European bank account? If so, when you go check your balance online and see the amount of money that you have deposited under your name, remember this: Your money is not there inside some nice safe in Germany, France, Austria or the Netherlands, waiting for your withdraw. Your money, and that of most Europeans, was lent to Greece, Spain, Ireland, etc... All the money that you think you have, is nothing more than promise that they will pay you back.

Poor Europe.

I paid over 600 euro directly to Greece through taxes. They can have it, I am over it. Just like Europe, I do not want to keep sending money to Greece, because it is "unfair" that the Greek state cannot spend more than it receives.

 

[toongeorges]

The posture the 'Troika' is having with Greece (I mean not to give up a milimeter) is clearly a message to other countries where left parties or movements will arise. Spain, for example, with Podemos. What is happening with Greece (as what happened with Argentina and the vulture funds) is setting a precedent for these countries.

The are using Greece and its left government to disciplinate the next ones.

That is indeed one of the reasons why Europe cannot accept Greek demands. If it did, Portugal, Spain and Italy could feel treated unfairly and would want similar conditions and that could be the beginning of the end of the euro.

Another reason of course is that Greece is the only country that fails to make reforms that work. Portugal, Spain, Ireland are all recovering.