Greece
- Thread starter Kiopa_Matt
- Start date
It's an enlightened position if you want to listen only to the greeks.
Everyone has screwed up in this case, but pretending that debt cancellation is going to help the greeks means you believe a nation should PURPOSELY take ~$300b in loans knowing full well they can't pay them back.
Germany's debt wasn't cancelled after WW2, they actually paid it all back as of the mid 2000s. If debt forgiveness makes everything better, then Germany should have a poor economy, right?
I'm not saying there won't be a haircut, there likely will. However Greece has an extraordinarily bloated system where the government and many voters have tried to PURPOSELY live off the EU's loan stupidity. There isn't a single nation that allows retirement before 50 yet Greece allows it.
Here's a short blurb on Germany paying off all their war reparations Germany end World War One reparations after 92 years with £59m final payment | Daily Mail Online
The entire EU should be disbanded. Its promotion of higher taxes (minimum VAT levels, e.g.) and regulations along with abolishing internal border controls is a disaster for Europe.
Let Greece fall under her own weight.
[ame]http://www.youtube.com/watch?v=h7Unmu9kiKA[/ame]
Let Greece fall under her own weight.
[ame]http://www.youtube.com/watch?v=h7Unmu9kiKA[/ame]
Bit of a tricky spot for Germany though, no? Somewhat of a lose-lose situation here. Negotiate the 3rd bailout for Greece saving the EU while making you look like a pushover for others, or tell them to fuck off making Greece the first country to drop out of the Eurozone.
It's a no-win situation either way it goes.
There are some important lessons to be learned from Greece.
If a government runs out of cash it will think nothing of fucking it's citizens by denying them access to their own property.
Having something that isn't fiat currency is smart, but putting it in a bank to keep it safe only allows bigger, legally sanctioned thieves to steal it, if and when they need too.
It can't happen in X country is living in a reality that is not of this planet, what's the weather like on your home world?
No matter what happens to Greece, the one lesson everyone should take away, is that shit rolls down hill and governments/banks will think nothing of destroying your life if it means they don't have to destroy their own.
I know I'm preaching to the choir but it still baffles me how many people on WF champion their own government, when in reality it cares as much about them as Greece cares about Greeks.
If a government runs out of cash it will think nothing of fucking it's citizens by denying them access to their own property.
Having something that isn't fiat currency is smart, but putting it in a bank to keep it safe only allows bigger, legally sanctioned thieves to steal it, if and when they need too.
It can't happen in X country is living in a reality that is not of this planet, what's the weather like on your home world?
No matter what happens to Greece, the one lesson everyone should take away, is that shit rolls down hill and governments/banks will think nothing of destroying your life if it means they don't have to destroy their own.
I know I'm preaching to the choir but it still baffles me how many people on WF champion their own government, when in reality it cares as much about them as Greece cares about Greeks.
Great articles. Compelling arguments. Much logic. Such rational. Written with great long term understanding. Anticipating Part 2.
you get points if you actually explain how greece leaving the currency union is bad for us. whether it makes us look evil doesnt matter.
greece debates leaving the currency union, not the european union. they decide to keep or get rid of the euro.
its more like a germany wins no matter what scenario because they already ate our debt. what they do about it is their fucking problem. if they do something we dont want to happen well just say no anyway.
Powerful phrase I just read:
“There are many cultural differences at play here, including the fact that we Germans hate uncertainty. We invent a DIN Norm (or standard) for everything, including chairs, to ensure they will fit under tables, we like that certainty so much. That love of certainty means I always turn up at a meeting on time. So we don’t like throwing money at something not knowing where it’s going.”
Greek debt crisis: Tsipras urges MPs to back bailout plan - live | Business | The Guardian
“There are many cultural differences at play here, including the fact that we Germans hate uncertainty. We invent a DIN Norm (or standard) for everything, including chairs, to ensure they will fit under tables, we like that certainty so much. That love of certainty means I always turn up at a meeting on time. So we don’t like throwing money at something not knowing where it’s going.”
Greek debt crisis: Tsipras urges MPs to back bailout plan - live | Business | The Guardian
Greece is like a degenerate child nobody wants to admit is theirs.
But the EU should have done some due diligence when admitting them to the union, and dealt with this early on....if Greece lied to get into the EU, the EU shoulda booted them right when they realized it, it would have been easy..."you lied, you have x amount of time to get on track or gtfo"....now, decades later, they kinda own the trash they brought home.
But the EU should have done some due diligence when admitting them to the union, and dealt with this early on....if Greece lied to get into the EU, the EU shoulda booted them right when they realized it, it would have been easy..."you lied, you have x amount of time to get on track or gtfo"....now, decades later, they kinda own the trash they brought home.
The framing of this post is so far off the mark.
Capital controls were implemented to prevent a systemwide financial meltdown from bank runs. Due to fractional reserve ratios, banks can go under if everyone tries to withdraw at the same time.
Your posts are such a valuable asset to the forum. It's why we all keep coming back here.
Germany actually forces big companies to make such opportunities available to their employees.