Greece tells banking cartel STICK IT

[hipeter924]

Europe has had over 2000 years to get it right! WTF happened !!!!

Ottoman Empire, WW2, corrupt military dictatorships, then corrupt democratic governments.

Basically they got the short end of the stick, and never really recovered.

 

[Andylusion]

They shouldn't have accepted the bailout in 2010, and instead followed Iceland by jailing the bankers and letting the banks default on their own mistakes.

But what is done is done, and I hope that they manage to get out the abyss.

The IMF/ECB plan was a joke, and it would have not only forced taxpayers across Europe to fund a money hole, but forced Greeks to sell the country off and eventually default on their debt anyway - making a bigger money hole than if they default this year.

If it I was up to me, I wouldn't have let it get this far. It would have been better to not intervene at all than push a bailout that Greeks couldn't afford to pay, with conditions so insane that they could only plunge Greece into economic depression and a debt spiral.

The politicians in the European Union were idiots, as were the economists and bureaucrats who pushed more and more demands on Greece for the bailout, forcing the collapse of the Greek government - because the demands had reached the limit of what Greeks were prepared to accept. Syriza and the collapse of the bailout deal is the result.

Sounds like banks in the U.S. approving mortgages for people that couldn't afford the payments. Sound familiar?

This is world class corrupt banking thievery. The vultures see easy prey and try to suck the life out of it. Who could blame Greece for going to Russia now?

I have to try and think on the positive. At least as a result of this mess Greece has got rid of most of the leaches in the establishment, and with the constant shadow of debt and economic strife they are going to be held constantly to account by the Greek public - unlike the governments previous to 2009 who were able to promise stuff the country couldn't afford (and cheat the books) to keep in power.

Russia doesn't have the money to fund Greece. If they go to Russia, Russia too will impose their own strings on the money, and yet the amount of money they could borrow would be a tiny fraction of what is needed, thus it wouldn't help.

What strings could Russia impose? Allowing their major companies to come and "prey and try to suck the life out of it".

And as far as getting rid of the leaches, that's not what I've read. If anything, this was to restore public leeches back into the cash flow.

 

[Andylusion]

Europe has had over 2000 years to get it right! WTF happened !!!!

There is no way to get socialism right. You can drag it out for decades, but eventually it crashes in on itself.

 

[IsaacNewton]

Conservatives cry 'socialism' about every single thing under the sun. It used to be 'communism', but that got stale. Next year who knows what it will be.

What we know for sure is Bush and the Republicans destroyed the world economy in 2008 and we've had to climb every so slowly out of that gigantic pit. Yet these same loser now want to tell others how to handle finances.

Mental, illness.

Because it is.

Look you can't look at government giving a country a loan... and then claim socialism isn't the cause. It's socialism.

The private market wouldn't give money to Greece, specifically because they knew it was a bad deal.

You people just make up whatever facts you want, to support the claims you have already determined to be true, exempt from factual evidence.

Ok, for you conservatives that live in your forever closed bubble world.

Reagan tripled the national debt. Bush ran it up from 5 trillion dollars to 11 trillion dollars, left a 1.4 trillion dollar yearly deficit, and destroyed the world economy in the process.

Yet YOU idiots want to blame everything on 'socialism'?

Then Reagan and Bush were the all time economy killing money stealing socialists in the history of mankind. And these are the losers YOU people voted into office.

Your arguments only mean something in your own bubble of conservative delusion-world.

 

[RetiredGySgt]

Greece voted down the knife that international banks had to their throat.

The Greeks are looking at tough times no matter how they voted, so the birthplace of Democracy kicked the fascist international banks in the face and they've said in one loud voice you aren't going to turn us into slaves.
Now those very banks will be FORCED to negotiate a more equitable settlement and payment package because they have no choice

For Europe to even put the oldest democracy in such jeopardy, while insane entities like Isis watch, is beyond unforgivable. You can't squeeze blood from an orange. No matter what, the various financial institutions HAVE to work out a deal with the Greeks.

I applaud the Greeks for standing their ground. They will climb out of this financial disaster, like America has had to climb out of the Bush/Republican financial disaster handed to it in 2008, and come out whole.

What they did today was give notice that you 'don't f#$k with democracy'.

Retard alert, You borrow money you pay it back. Anything less is theft. Greece needs to stop paying people not to work and paying it's legal debt.

 

[The Rabbi]

we owe 18 Trillion dollars!!

Thanks Dubya!

Yeah, thanks Dubya who hasn't been in office in 7 years, and the debt has doubled since he left. Thanks indeed. If only we had Dubya, our debt would be half of what it is now.

Oh, look! Another moron has arrived.

It's been proven again and again how bush put trillions on the national credit card, and between that and the interest, it's grown to 17 trillion.

What has the Republican House done to raise revenue to pay down the debt? We can't do it by cutting mere millions from homeless children, so sorry.

You are the biggest stinking fool on this board.
Debt was 10T when Bush left office.
Debt is 18T today.
Debt will be 20T when Barry leaves.
What has Barry done to undo all this "damage" you say Bush caused? Nothing. The opposite. He has added to the debt at a rate that makes drunken sailors blush.

 

[hipeter924]

They shouldn't have accepted the bailout in 2010, and instead followed Iceland by jailing the bankers and letting the banks default on their own mistakes.

But what is done is done, and I hope that they manage to get out the abyss.

The IMF/ECB plan was a joke, and it would have not only forced taxpayers across Europe to fund a money hole, but forced Greeks to sell the country off and eventually default on their debt anyway - making a bigger money hole than if they default this year.

If it I was up to me, I wouldn't have let it get this far. It would have been better to not intervene at all than push a bailout that Greeks couldn't afford to pay, with conditions so insane that they could only plunge Greece into economic depression and a debt spiral.

The politicians in the European Union were idiots, as were the economists and bureaucrats who pushed more and more demands on Greece for the bailout, forcing the collapse of the Greek government - because the demands had reached the limit of what Greeks were prepared to accept. Syriza and the collapse of the bailout deal is the result.

Sounds like banks in the U.S. approving mortgages for people that couldn't afford the payments. Sound familiar?

This is world class corrupt banking thievery. The vultures see easy prey and try to suck the life out of it. Who could blame Greece for going to Russia now?

I have to try and think on the positive. At least as a result of this mess Greece has got rid of most of the leaches in the establishment, and with the constant shadow of debt and economic strife they are going to be held constantly to account by the Greek public - unlike the governments previous to 2009 who were able to promise stuff the country couldn't afford (and cheat the books) to keep in power.

Russia doesn't have the money to fund Greece. If they go to Russia, Russia too will impose their own strings on the money, and yet the amount of money they could borrow would be a tiny fraction of what is needed, thus it wouldn't help.

What strings could Russia impose? Allowing their major companies to come and "prey and try to suck the life out of it".

And as far as getting rid of the leaches, that's not what I've read. If anything, this was to restore public leeches back into the cash flow.

Never said they would hand over the money, if anything they might get a few subsidies and possibly a trade deal - but not a massive cash injection.

Ultimately though if Greece left Nato it could cut its military budget a lot, and even be paid by Russia to lease areas for a military base.

But that is in the worst case scenario, where Greece is kicked out of the Eurozone.

 

[IsaacNewton]

They shouldn't have accepted the bailout in 2010, and instead followed Iceland by jailing the bankers and letting the banks default on their own mistakes.

But what is done is done, and I hope that they manage to get out the abyss.

The IMF/ECB plan was a joke, and it would have not only forced taxpayers across Europe to fund a money hole, but forced Greeks to sell the country off and eventually default on their debt anyway - making a bigger money hole than if they default this year.

If it I was up to me, I wouldn't have let it get this far. It would have been better to not intervene at all than push a bailout that Greeks couldn't afford to pay, with conditions so insane that they could only plunge Greece into economic depression and a debt spiral.

The politicians in the European Union were idiots, as were the economists and bureaucrats who pushed more and more demands on Greece for the bailout, forcing the collapse of the Greek government - because the demands had reached the limit of what Greeks were prepared to accept. Syriza and the collapse of the bailout deal is the result.

Sounds like banks in the U.S. approving mortgages for people that couldn't afford the payments. Sound familiar?

This is world class corrupt banking thievery. The vultures see easy prey and try to suck the life out of it. Who could blame Greece for going to Russia now?

I have to try and think on the positive. At least as a result of this mess Greece has got rid of most of the leaches in the establishment, and with the constant shadow of debt and economic strife they are going to be held constantly to account by the Greek public - unlike the governments previous to 2009 who were able to promise stuff the country couldn't afford (and cheat the books) to keep in power.

Russia doesn't have the money to fund Greece. If they go to Russia, Russia too will impose their own strings on the money, and yet the amount of money they could borrow would be a tiny fraction of what is needed, thus it wouldn't help.

What strings could Russia impose? Allowing their major companies to come and "prey and try to suck the life out of it".

And as far as getting rid of the leaches, that's not what I've read. If anything, this was to restore public leeches back into the cash flow.

Oh absolutely Russia would ask for a deal that favored their companies, that is the point. Greece would align in many ways to Russia. And don't kid yourself, the Russians have money to spend. We aren't talking about trillions of dollars.

 

[The Rabbi]

Conservatives cry 'socialism' about every single thing under the sun. It used to be 'communism', but that got stale. Next year who knows what it will be.

What we know for sure is Bush and the Republicans destroyed the world economy in 2008 and we've had to climb every so slowly out of that gigantic pit. Yet these same loser now want to tell others how to handle finances.

Mental, illness.

So Obama's first term was a waste and he failed tof ix the financial crisis? Yup.
Back to Greece: those people expected someone-anyone-to bail them out so they could continue retiring at 60 and collecting full pensions for not working.
The rest of Europe just got sick and tired of their shit.

 

[The Rabbi]

They shouldn't have accepted the bailout in 2010, and instead followed Iceland by jailing the bankers and letting the banks default on their own mistakes.

But what is done is done, and I hope that they manage to get out the abyss.

The IMF/ECB plan was a joke, and it would have not only forced taxpayers across Europe to fund a money hole, but forced Greeks to sell the country off and eventually default on their debt anyway - making a bigger money hole than if they default this year.

If it I was up to me, I wouldn't have let it get this far. It would have been better to not intervene at all than push a bailout that Greeks couldn't afford to pay, with conditions so insane that they could only plunge Greece into economic depression and a debt spiral.

The politicians in the European Union were idiots, as were the economists and bureaucrats who pushed more and more demands on Greece for the bailout, forcing the collapse of the Greek government - because the demands had reached the limit of what Greeks were prepared to accept. Syriza and the collapse of the bailout deal is the result.

Sounds like banks in the U.S. approving mortgages for people that couldn't afford the payments. Sound familiar?

This is world class corrupt banking thievery. The vultures see easy prey and try to suck the life out of it. Who could blame Greece for going to Russia now?

I have to try and think on the positive. At least as a result of this mess Greece has got rid of most of the leaches in the establishment, and with the constant shadow of debt and economic strife they are going to be held constantly to account by the Greek public - unlike the governments previous to 2009 who were able to promise stuff the country couldn't afford (and cheat the books) to keep in power.

Russia doesn't have the money to fund Greece. If they go to Russia, Russia too will impose their own strings on the money, and yet the amount of money they could borrow would be a tiny fraction of what is needed, thus it wouldn't help.

What strings could Russia impose? Allowing their major companies to come and "prey and try to suck the life out of it".

And as far as getting rid of the leaches, that's not what I've read. If anything, this was to restore public leeches back into the cash flow.

Oh absolutely Russia would ask for a deal that favored their companies, that is the point. Greece would align in many ways to Russia. And don't kid yourself, the Russians have money to spend. We aren't talking about trillions of dollars.

The Russians do not have money to spend. The fall in oil prices has hurt them signficantly.
Youi are an ignoramus.

 

[Andylusion]

No matter what, the various financial institutions HAVE to work out a deal with the Greeks.

Why should they, if Greek's leaders fucked up their own economy?

Because they either get it figured out, or eat the debt.

The most powerful position isn't when you have billions, its when you have nothing. What can anyone do to you.

As I said, Greece was going to have tough times ahead no matter what. At least now they have a say in how the ladder that they can climb out of this hole is built.

The whole thing to this point, was them trying to figure it out. Greece just refused.

Look, if your brother-in-law opens a business, and you lend him $10,000... and he comes back two months later asking for another $10,000.... do you just give him the cash? "Oh, hopefully he'll figure it out......" No, you ask to see the books, and what his sales were, and what his revenue is, and profit margin.

If you notice he's spending thousands of dollars on A/C for his building, which eats up the profits... what are you going to do?

You say, brother... you need to turn off the AC, until you build the business enough to afford it.

Because if he doesn't.... he'll just need more money and more money until you end up broke.

So if he wants to get more money from you..... he has to make changes to the economy of the business, so it's profitable.

If he doesn't.... then he doesn't get anymore money.

Greece was going broke. They asked for more money. The EU said 'sure if you make these changes to your economy, so you can pay us back.... otherwise you are not getting another loan'.

The people of Greece just said no.... so the EU is going to say... NO.

That's how that works.

 

[jwoodie]

I wouldn't be surprised if Obama jumps in with bailout help in order to prevent the appearance of another Russian victory.

 

[Rexx Taylor]

doesn't France think they are so much better and smarter than us? oops, arent they about to crash and burn sometime soon?

 

[The Rabbi]

I wouldn't be surprised if Obama jumps in with bailout help in order to prevent the appearance of another Russian victory.

Maybe he'll swap the contents of Ft Knox for some Americans captured fighting for ISIS.

 

[Vigilante]

Greeks can’t use iTunes, the App Store, PayPal and more thanks to the financial crisis

The Next Web ^
Greece has a lot of problems right now as a result of the debt crisis, but one that you might not have immediately anticipated is that online services that require credit or debit payments to a foreign company are broken. As BuzzFeed reports, the Greek government’s imposition of capital controls – which restrict citizens’ ability to take money out of the country – following its failure to make debt repayment, also mean they can’t buy a €0.99 song from iTunes or grab new apps. Of course, it’s not the biggest issue faced by the country, but it is another source...

 

[Sun Devil 92]

I wouldn't be surprised if Obama jumps in with bailout help in order to prevent the appearance of another Russian victory.

That would mean Greece is....dare I say it......too big to fail ?

 

[Rexx Taylor]

am i the only one who saw this coming when we were partying in the 90's? even then i knew things were going to get much worse sometime after 2000.

 

[IsaacNewton]

No matter what, the various financial institutions HAVE to work out a deal with the Greeks.

Why should they, if Greek's leaders fucked up their own economy?

Because they either get it figured out, or eat the debt.

The most powerful position isn't when you have billions, its when you have nothing. What can anyone do to you.

As I said, Greece was going to have tough times ahead no matter what. At least now they have a say in how the ladder that they can climb out of this hole is built.

The whole thing to this point, was them trying to figure it out. Greece just refused.

Look, if your brother-in-law opens a business, and you lend him $10,000... and he comes back two months later asking for another $10,000.... do you just give him the cash? "Oh, hopefully he'll figure it out......" No, you ask to see the books, and what his sales were, and what his revenue is, and profit margin.

If you notice he's spending thousands of dollars on A/C for his building, which eats up the profits... what are you going to do?

You say, brother... you need to turn off the AC, until you build the business enough to afford it.

Because if he doesn't.... he'll just need more money and more money until you end up broke.

So if he wants to get more money from you..... he has to make changes to the economy of the business, so it's profitable.

If he doesn't.... then he doesn't get anymore money.

Greece was going broke. They asked for more money. The EU said 'sure if you make these changes to your economy, so you can pay us back.... otherwise you are not getting another loan'.

The people of Greece just said no.... so the EU is going to say... NO.

That's how that works.

Red Herring argument.

You can't compare the economy of a country to the utter simplicity of loaning your brother money. It sounds 'folksy' and like it is the same, but it isn't. Not by a million miles.

If the Greek people just want to lounge around and get paid, why did they just reject this offer of more financial help then? Surely by your estimation they know they are headed into much tougher times.

No one likes to be told what to do with a knife to their throat. And on a national scale such things even lead to wars.

 

[hipeter924]

I wouldn't be surprised if Obama jumps in with bailout help in order to prevent the appearance of another Russian victory.

Well, there is still the issue of US military bases in Greece: The Strategic Consequences of Grexit

There are also rumors that Athens might allow Russia the use of Greek military bases. Russia is expanding militarily in the Black Sea and the eastern part of the Mediterranean. Greece could also serve as a base for the Russians to strengthen their position in the Balkans. If Greece were to turn its back on NATO, it could become a geographical link between Russia and its Balkan vassal, Serbia -- a process that would link the three Christian-Orthodox nations of Russia, Serbia and Greece.

It would be a public embarrassment to the Obama administration if US military bases in Greece are forced to close, as a result of not supporting Greece financially, and Russian military bases are set up there instead.

 

[Preacher]

Good! I was hoping this is what would happen. Golden Dawn was hoping for a NO as was UKIP among others. Hopefully this destroys the EU. A real big FUCK YOU to the Rothschilds.