Anybody who tries to make a political point by comparing the United States political system to Greece is a fool.
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Greece has been living on someone else's money for many years. Now, the EU led by Germany is telling them the free ride is over. They will have to do now what they should have done years ago. The Greeks can throw all the tantrums they want to. They can burn the whole country down, but they cannot force others to pay their way any longer.
Greece has been living on someone else's money for many years. Now, the EU led by Germany is telling them the free ride is over. They will have to do now what they should have done years ago. The Greeks can throw all the tantrums they want to. They can burn the whole country down, but they cannot force others to pay their way any longer.
A major point, though.
The real problem here is the EU and the European Union, not just Greece. Greece had it's way of doing things for a long time, and that was fine. They could devalue the Drachma, attract foreign investment, bring in marks and dollars and pounds by becoming the cheap tourist destination.
Once they signed onto the Euro, their hands were tied as to their economic status.
And this is the problem with the Euro in general. Because it is not a national currency, governments can't take actions on it. Greece is a victim of the rest of the EU and China now.
Brit Bimbo.I think I'd rather be poor, Greek and destitute than be a lackey of Brussels, but that's just me.
Yea, ummm, they're the lackey's of Brussels, and China. Twit.
I don't know what I'd do if there wasn't some bimbo from cali to set me straight. Thanks.
Its great to see dumb people who don't know anything about the foreign affirs of European countries. Greece lied about its financial situation which is why the EU and the euro are in the situation they're in right now, noit because of socialism, for God facking sake quit listening to rightwing pundits who don't know shat about European econnomic affairs.
Its great to see dumb people who don't know anything about the foreign affirs of European countries. Greece lied about its financial situation which is why the EU and the euro are in the situation they're in right now, noit because of socialism, for God facking sake quit listening to rightwing pundits who don't know shat about European econnomic affairs.
Oh, I see. Greece lied. That's it.
Ummmm... first, shouldn't it been obvious to the rest of the EU that Greece was lying before it was admitted?
Second, Greece's GDP is only about 300 billion, compared to the combined 15 trillion for the entire European Union. So essentially, they are all of 2% of the entire EU GDP. And yet their threatened default is going to drag the whole of Europe into a recession, destroy the Euro as a currency.
Yup. socialism and globalism are wonderful things. Let's sign up for that shit!
Its great to see dumb people who don't know anything about the foreign affirs of European countries. Greece lied about its financial situation which is why the EU and the euro are in the situation they're in right now, noit because of socialism, for God facking sake quit listening to rightwing pundits who don't know shat about European econnomic affairs.
Oh, I see. Greece lied. That's it.
Ummmm... first, shouldn't it been obvious to the rest of the EU that Greece was lying before it was admitted?
Second, Greece's GDP is only about 300 billion, compared to the combined 15 trillion for the entire European Union. So essentially, they are all of 2% of the entire EU GDP. And yet their threatened default is going to drag the whole of Europe into a recession, destroy the Euro as a currency.
Yup. socialism and globalism are wonderful things. Let's sign up for that shit!
I have yet to see any proof that "socialism" caused the Greek debt crisis. Thats bullshit and you know it Joe.
Its great to see dumb people who don't know anything about the foreign affirs of European countries. Greece lied about its financial situation which is why the EU and the euro are in the situation they're in right now, noit because of socialism, for God facking sake quit listening to rightwing pundits who don't know shat about European econnomic affairs.
Oh, I see. Greece lied. That's it.
Ummmm... first, shouldn't it been obvious to the rest of the EU that Greece was lying before it was admitted?
Second, Greece's GDP is only about 300 billion, compared to the combined 15 trillion for the entire European Union. So essentially, they are all of 2% of the entire EU GDP. And yet their threatened default is going to drag the whole of Europe into a recession, destroy the Euro as a currency.
Yup. socialism and globalism are wonderful things. Let's sign up for that shit!
Its great to see dumb people who don't know anything about the foreign affirs of European countries. Greece lied about its financial situation which is why the EU and the euro are in the situation they're in right now, noit because of socialism, for God facking sake quit listening to rightwing pundits who don't know shat about European econnomic affairs.
Oh, I see. Greece lied. That's it.
Ummmm... first, shouldn't it been obvious to the rest of the EU that Greece was lying before it was admitted?
Second, Greece's GDP is only about 300 billion, compared to the combined 15 trillion for the entire European Union. So essentially, they are all of 2% of the entire EU GDP. And yet their threatened default is going to drag the whole of Europe into a recession, destroy the Euro as a currency.
Yup. socialism and globalism are wonderful things. Let's sign up for that shit!
Greece lied to get into the euro. They entered into a debt swap brokered by Goldman Sachs to make it appear they had less debt so they could meet the formal Maastricht requirements.
It wasn't obvious because it wasn't reported.
Somebody better come up with a compromise.
If Greece's debt instruments go down, a shitload of Euro's banks go down with it.
Now before you entirely blame the Greeks for possibly taking down the whoe EU, remember that nobody forced the Euro banks to bet on those Greek Bonds.
Remember also -- a Greek Bailout is not a bailout for the Greek people.
It's a bailout for those EURO banks holding all Greece's debts.
Oh, I see. Greece lied. That's it.
Ummmm... first, shouldn't it been obvious to the rest of the EU that Greece was lying before it was admitted?
Second, Greece's GDP is only about 300 billion, compared to the combined 15 trillion for the entire European Union. So essentially, they are all of 2% of the entire EU GDP. And yet their threatened default is going to drag the whole of Europe into a recession, destroy the Euro as a currency.
Yup. socialism and globalism are wonderful things. Let's sign up for that shit!
I have yet to see any proof that "socialism" caused the Greek debt crisis. Thats bullshit and you know it Joe.
AskCherlock » Blog Archive » Greek Socialism : A Road to Ruin
Ironically, the standard of living in Greece may plummet anyway under the terms of the EU and IMF loans. The sad fact is that Greeces particular brand of socialism is primarily what has brought it to the brink of disaster. By giving the ever-present labor unions too much power in determining wages and hiring practices, and by demanding wage increases without higher levels of productivity, the country has had to borrow money to maintain its living standards. In short, the Greeks have lived high on the hog at the expense of their creditors. Unfortunately for Greece, the Gravy Train has just pulled out of town, and the country is now faced with the prospect of working for a living.
I have yet to see any proof that "socialism" caused the Greek debt crisis. Thats bullshit and you know it Joe.
AskCherlock » Blog Archive » Greek Socialism : A Road to Ruin
Ironically, the standard of living in Greece may plummet anyway under the terms of the EU and IMF loans. The sad fact is that Greeces particular brand of socialism is primarily what has brought it to the brink of disaster. By giving the ever-present labor unions too much power in determining wages and hiring practices, and by demanding wage increases without higher levels of productivity, the country has had to borrow money to maintain its living standards. In short, the Greeks have lived high on the hog at the expense of their creditors. Unfortunately for Greece, the Gravy Train has just pulled out of town, and the country is now faced with the prospect of working for a living.
Why do you keep citing rightwing blogs? Do some real research.
Well, then you are being willfully blind, then.
AskCherlock » Blog Archive » Greek Socialism : A Road to Ruin
Ironically, the standard of living in Greece may plummet anyway under the terms of the EU and IMF loans. The sad fact is that Greeces particular brand of socialism is primarily what has brought it to the brink of disaster. By giving the ever-present labor unions too much power in determining wages and hiring practices, and by demanding wage increases without higher levels of productivity, the country has had to borrow money to maintain its living standards. In short, the Greeks have lived high on the hog at the expense of their creditors. Unfortunately for Greece, the Gravy Train has just pulled out of town, and the country is now faced with the prospect of working for a living.
Why do you keep citing rightwing blogs? Do some real research.
Well, then you are being willfully blind, then.
Besides attacking the source, do you actually have a rebuttal to the man's point?
When you let labor and not the market dictate the cost of labor, especially government services, you get into trouble. The economic realities can't support the obligation. It's really the same mess we are in. Too many people riding in the wagon and not enough people pulling it.
"He suffers from the Socialist Disease in its worst form- the belief the world owes him a living." - Robert A. Heinlein.