The People of Greece Are Fighting for the Whole of Europe

[P F Tinmore]

In a statement, one of the unions said, “The crisis should be paid by…all those who looted public finances.” Last week nearly 100,000 people participated in a mass demonstration and a twenty-four-hour general strike against the austerity measures.

"The People of Greece Are Fighting for the Whole of Europe": Tariq Ali and Mark Weisbrot Discuss Greece's Economic Crisis and Popular Uprising

 

[Oddball]

Democracy Now!....'nuf said.

“The crisis should be paid by…all those who looted public finances."

Said one of the union hack enablers of the bureaucrats and other various hangers-on who've looted the public finances.

 

[Colin]

The people of Greece are not fighting for the rest of Europe. They are fighting to retain their overpaid and workshy ways, expecting the rest of Europe to bail them out. A bloated public sector and retirement at 50! **** 'em! And **** the EU too!

 

[P F Tinmore]

Democracy Now!....'nuf said.

“The crisis should be paid by…all those who looted public finances."

Said one of the union hack enablers of the bureaucrats and other various hangers-on who've looted the public finances.

The question I always had was that when the economy is good there is money for things like jobs there is money to start small businesses. When times are bad there is little money to be found.

Where did it go?

 

[Oddball]

People who have the money don't spend it.

Economic good times are about the motion of money through the economy, not the amount of it.

 

[California Girl]

The people of Greece are not fighting for the rest of Europe. They are fighting to retain their overpaid and workshy ways, expecting the rest of Europe to bail them out. A bloated public sector and retirement at 50! **** 'em! And **** the EU too!

Yep!!!

 

[P F Tinmore]

People who have the money don't spend it.

Economic good times are about the motion of money through the economy, not the amount of it.

That is true, however, when money concentrates at the top (as it has been doing at an ever increasing rate) doesn't that pinch off the flow of money?

 

[Colin]

Democracy Now!....'nuf said.

“The crisis should be paid by…all those who looted public finances."

Said one of the union hack enablers of the bureaucrats and other various hangers-on who've looted the public finances.

The question I always had was that when the economy is good there is money for things like jobs there is money to start small businesses. When times are bad there is little money to be found.

Where did it go?

Greece defrauded its way into the Eurozone. We know now that they rigged their accounts to falsely claim that government deficits equated to no more than 3% of GDP – a prerequisite for EMU. They traded their pathetically weak currency for the euro based on a tissue of lies upon lies. Government finances were not reported correctly, military expenditure was falsely reported. Government interest rate payments were distorted. Government pension reserves were purposely over-valued by a huge amount. Regional and local government debt was completely ignored. Non-budget government spending was not reported. Increased social costs and much higher government wages were not reported. I could go on...and on...but by now you probably get the picture. That's where the money went. Into the black hole of lies and fraud.

Greece though, is only the tip of the iceberg. When it comes to fraud, the people who run the EU are experts. From the unelected mandarins at the top, to the parasitic MEPs whose expenses are even bigger than their inflated salaries.

As I said. **** Greece and **** the EU!

 

[Oddball]

People who have the money don't spend it.

Economic good times are about the motion of money through the economy, not the amount of it.

That is true, however, when money concentrates at the top (as it has been doing at an ever increasing rate) doesn't that pinch off the flow of money?

Europe's problem is that the concentration of money in the EU is chiefly into the hands of politicians and bureaucrats, who bear no consequences of misallocating resources.

 

[Neubarth]

The people of Greece are not fighting for the rest of Europe. They are fighting to retain their overpaid and workshy ways, expecting the rest of Europe to bail them out. A bloated public sector and retirement at 50! **** 'em! And **** the EU too!

Hey, retiring at 50 is a good thing. I retired at 51, and have enjoyed my life. Why work until you drop dead. Learn to enjoy life.

 

[Colin]

The people of Greece are not fighting for the rest of Europe. They are fighting to retain their overpaid and workshy ways, expecting the rest of Europe to bail them out. A bloated public sector and retirement at 50! **** 'em! And **** the EU too!

Hey, retiring at 50 is a good thing. I retired at 51, and have enjoyed my life. Why work until you drop dead. Learn to enjoy life.

I assume you will have retired on a private pension. These arseholes expect to retire at 50 on public pensions!

 

[Toro]

In a statement, one of the unions said, “The crisis should be paid by…all those who looted public finances.” Last week nearly 100,000 people participated in a mass demonstration and a twenty-four-hour general strike against the austerity measures.

"The People of Greece Are Fighting for the Whole of Europe": Tariq Ali and Mark Weisbrot Discuss Greece's Economic Crisis and Popular Uprising

“The crisis should be paid by…all those who looted public finances.”

Yes, we agree. The public unions should pay for looting the public finances.

And they are about to.

Next.

 

[georgephillip]

Since the European Union, which is expected to grow by only one percent this year, is telling the Greeks to shrink their way out of Wall Street's Great Recession, maybe Athens should leave the Euro behind, devalue their currency and renegotiate their debt the way Argentina did in 2001.

Argentina's economy shrank for one quarter, then grew by 63% over the next 6 years.

 

[Oddball]

In a statement, one of the unions said, “The crisis should be paid by…all those who looted public finances.” Last week nearly 100,000 people participated in a mass demonstration and a twenty-four-hour general strike against the austerity measures.

"The People of Greece Are Fighting for the Whole of Europe": Tariq Ali and Mark Weisbrot Discuss Greece's Economic Crisis and Popular Uprising

“The crisis should be paid by…all those who looted public finances.”

Yes, we agree. The public unions should pay for looting the public finances.

And they are about to.

Next.

No they're not...You're going to pay for it via-IMF-via-Fed-via-inflation.

Gubmit goons will never throw their moocher class toadies overboard.

 

[P F Tinmore]

[ame=http://www.youtube.com/watch?v=SnM6L_HJ4_E&feature=related]YouTube - Greek Bailout:- Its Robbers, Not A Bailout[/ame]

 

[georgephillip]

Over ten years a 3.0% rate of inflation will reduce the real value of a fixed debt by 26%.

A 4.0% inflation rate will deliver a 34% reduction over the same time period.

"The modest inflation of the 40s, 50s and 60s was a big factor in bringing down the huge US World War II debt to a manageable level.

"Inflation can also be enormously effective in euro-zone countries with excessive labor costs (Greece, Spain, and Portugal) to get their costs more in line.

"If wages in competitive countries keep pace or exceed average euro-zone inflation,while wages in the troubled countries don't rise as rapidly, then they should be able to restore their competitiveness more quickly."

Another possible solution that David Rockefeller and the world's RICH central bankers aren't calling for is tax amnesty as a means of reducing Greek debt and ending wholesale tax evasion.

RICH Dave and his working class slaves apparently expect the Greeks to balance their budget during the worst economic downturn in 70 years.

 

[editec]

“The crisis should be paid by…all those who looted public finances

Yup.

Ain't gonna happen though.

The same class of people who broke the bank run the governments.

 

[JWBooth]

Democracy Now!....'nuf said.


Said one of the union hack enablers of the bureaucrats and other various hangers-on who've looted the public finances.

The question I always had was that when the economy is good there is money for things like jobs there is money to start small businesses. When times are bad there is little money to be found.

Where did it go?

Greece defrauded its way into the Eurozone. We know now that they rigged their accounts to falsely claim that government deficits equated to no more than 3% of GDP – a prerequisite for EMU. They traded their pathetically weak currency for the euro based on a tissue of lies upon lies. Government finances were not reported correctly, military expenditure was falsely reported. Government interest rate payments were distorted. Government pension reserves were purposely over-valued by a huge amount. Regional and local government debt was completely ignored. Non-budget government spending was not reported. Increased social costs and much higher government wages were not reported. I could go on...and on...but by now you probably get the picture. That's where the money went. Into the black hole of lies and fraud.

Greece though, is only the tip of the iceberg. When it comes to fraud, the people who run the EU are experts. From the unelected mandarins at the top, to the parasitic MEPs whose expenses are even bigger than their inflated salaries.

As I said. **** Greece and **** the EU!

Gonna go down and take the rest of Europe with them. Congrats on your new government, too bad they aren't any more likely to bail on the EU than the Liberals were.

 

[Neubarth]

Gonna go down and take the rest of Europe with them. Congrats on your new government, too bad they aren't any more likely to bail on the EU than the Liberals were.

In reality, if the Euro Union were to collapse, Germany and France would continue as Industrial mights and still be competitive in world commerce. They might prop up Italy because of the industrial might in the north where there is a strong work ethic. Southern Italy is not a strong work ethic area and has been a drain on the Euro.

Productivity matters.

 

[Neubarth]

“The crisis should be paid by…all those who looted public finances

Yup.

Ain't gonna happen though.

The same class of people who broke the bank run the governments.

Actually, it is the same "breed" of people. Southern Europeans are just stupid and lazy. There is very little work ethic and concept of responsibility in the populace of countries that touch the Mediterranean. Not only that, but the IQ of southern Europe is about ten points lower than northern Europe. They just breed them stupid down there.

Low IQ people always want welfare. That is the same problem that we have in the US.