greece The Greek Economy Thread

[RED SHERIFF]

well seems like a deal has been agreed to for a third bail out...

 

And Tsipra the capitalist is talking about badly needed reforms..seems like he spent time on here reading some of the better posts..

 

too bad for the Russia backers and the 50 million tourists buying diet pepsi to save the economy and bring back pensions at 47.

Edited July 13, 2015 by RED SHERIFF

[XXX-18T]

Anyone know if he agreed to sell our souls for $50B collateral?

If he didn't then he did well.

I still think we should of left the EU will collapse sooner or later

[RED SHERIFF]

the 50 billion will be held in Greece not in Luxembourg

[Akritis_1944]

All first males will need to be circumcised and the foreskin will be sent to Berlin, Amsterdam and Helsinki.

[RED SHERIFF]

at least they will be forced to reform in certain areas...as well as using the 35 billion for growth/investment...

 

for example Elliniko is finally being mentioned ...a master project that should have been developed into a show piece of Athens 11 years ago.

[PAOmelbourne]

Rise of the extremists will occur

KKE or XA

[XXX-18T]

So basically Germany will own Greece as collateral? As Greece doesn't even own anything that's worth $50B

[Akritis_1944]

So basically Germany will own Greece as collateral? As Greece doesn't even own anything that's worth $50B

 

No that's not even close to reality. Greece has prime real estate, infrastructure and untapped potential in manufacturing and other resources that might actually be developed for Greece's benefit.

 

Anyone who claims Greece doesn't own such assets is being dishonest. The Troika know full well what the country has.

[Bananas]

Rise of the extremists will occur

KKE or XA

 

I can see XA getting a larger share of the vote, if things don't improve.  It's too early to say, but if in 2 or 3 years from now, Greece is now 500 billion in debt and on the verge of requiring a 4th bail out, then yes, XA could very well become a contender.

 

Syriza had a chance to do something historic.  All they had to do was have the guts to issue IOU's on the day the ECB cut off liquidity.  But, it's a gamble.  I get it.  It could have failed and the consequences could have been dire.  But if you're not willing to roll the dice, don't play the game and sign the document put in front of you a few weeks back.  You F***wits.

 

Schauble and Merkel must be laughing at our incompetence.

[Akritis_1944]

One thing I would like to see is a reduction on military spending which can be pumped in to hospitals and education. I'm not sure if the Nazi's will go for that though.

 

Some interesting points brought up by a Greek who's based in the UK and works for the Chinese owned bank ICBC Standard:

 

Demetrios Efstathiou of ICBC Standard Bank says that Greece has been comprehensively routed by Germany in Brussels this weekend:

• Tsipras had to concede on almost every point.
• Merkel comes out as a winner, and should be able to get the deal though the German parliament.
• Germany?s extremely tough position would serve as a warning to other Eurozone nations. There are arguments that she even pushed too far.
• Varoufakis may have gambled, Tsipras and Syriza may have lost, but Greece may be the ultimate winner - Greece has a golden opportunity to implement in record time the drastic reforms that it desperately needed and which successive governments have been unwilling to commit to.
• The formation of a national unity or special purpose government to pass the reforms in the tight time-frame is now required. Elections would have to follow at a later stage.
• The debate will now move on to the reaction of the Greek people. There is no easy answer. Only time will tell. The way I see it is that the Greek people will be relieved to see their banks reopen, their pensions and savings to be still denominated in euros, and the tourist season not destroyed. They should also be celebrating the implementation of structural reforms, but I doubt that.
• Greece must now push through parliament, by Wednesday, July 15th, a series of legislations that include the streamlining of the VAT system, and pension measures.

Politics and egos aside, the point in bold above is some hope at the end of all this.

[XXX-18T]

What I'm trying to ask is does Germany / EZ now own the $50b of Greek Assets?

[gyros]

It will cost 25 billion just to repair and recapitalise the banks that were damaged through the referendum fiasco.

If Syriza was smart they should have shut up and let Samaras sign the new mou in the winter and then called for elections in the fall. They got too eager and now the party of no austerity is the party of giving the country away to the Germans and Syriza is now a fringe party again.

[gyros]

What I'm trying to ask is does Germany / EZ now own the $50b of Greek Assets?

It's called collateral so they will since we have a history of not paying for things.

[Dimitri13]

From what I have been reading this week....The United States played a big role in this deal to happen.

In case a deal wasn't reached....The USA had a bailout package ready for Greece to go to the drackma!!!

And in that bailout package....Greece would have to agree to austerity measures put in place by Washington.

At the end of the day....Greece would at some point except austerity measures,.absolutely no choice.

Where did you read this, can you post links please ~~~ thank you

[js1000]

No that's not even close to reality. Greece has prime real estate, infrastructure and untapped potential in manufacturing and other resources that might actually be developed for Greece's benefit.

 

Anyone who claims Greece doesn't own such assets is being dishonest. The Troika know full well what the country has.

Of course they know, which is why they're looting it all.

 

 

Greek debt crisis: Meet the Goldman Sachs banker who got rich getting Greece into the euro

http://www.independent.co.uk/news/uk/home-news/greek-debt-crisis-meet-the-goldman-sachs-banker-who-got-rich-getting-greece-into-the-euro-10381951.html

 

Edited July 13, 2015 by js1000

[gyros]

I wish the unions would just shut up for once. Enough of the strikes and work stoppages to protest austerity. Not picking up the garbage or walking out of hospitals or transportation being shut down does no good. There is no money. Just stop it you morons.

[gyros]

Greece needs to print money and come up with an exit plan down the road because we know this won't work. Not go unprepared like an idiot, piss everyone off, and have no exit plan. Greece had no choice but to take crumbs because they had no exit plan.

[gyros]

https://twitter.com/keeptalkingGR/status/620659259915792384

 

Greece was punished for its democratically held referendum. LOL!!! The euro is an absolute joke. 

 

The referendum was foolish.  This whole hardball negotiations were even more foolish especially now that we are hearing that they didn't even have a plan B to exit so the EU knew they had them pinned down.  As the Erlich said on Silicon Valley "They brought piss to a s%$#! fight"

[Koro]

Now that Tsipras has switched sides, hopefully there is a rebellion or something. Greece cannot be allowed to surrender it's sovereignty to the EU.

[athinaios]

The referendum was absolutely foolish. Another mistake by Tsipras. It was a democratic exercise in futility.  No clear questions and most importantly the voters didn't vote for this deal? Or, did they?!

 

Actually it made things worse. Tsipras had been warned not to do it because the Euro leaders would not deal and would push to kick Greece out if an "Oxi" vote was the result.  Plus, it wasted more time. Just the closure of the banks and capital limits have hurt the economy and everyone. :tdown:

 

I wonder how many Greeks who voted "NO" like this deal.

[Akritis_1944]

Who would of ever imagined that Tsipras and a majority of SYRIZA are full adherents to capitalism and opening up Greece's economy!?

Kick out the commie lunatics like Lafazanis and Konstantopoulou and sort this out!

[gyros]

I really hope Tsipras will start to go after all the tax evaders.  Ridiculous that in Greece you have people that claim salaries of 10k and have $4 mil Euros in the bank.  No matter what we are going to sign an agreement and we should stick to it no matter how painful it is.  Greeks needs to get on with how the west lives (i.e. property taxes, income taxes, sales taxes).  Its time we learn to stand on our two feet instead of beggars to the EU.  No more spending more than we bring in.

[Lamiara ole]

Tsipras is catering to the fat cow called "public sector"

He does not want to disturb that!

Greeks who work for that BIG FAT COW have become the demice of the greek economy and Greece's prosperity!

 

I left Greece 32 years ago since I did not want to become a public sector FAT COW!

I did not want to occupy a position that I was not going to be proud of!

I did not want any "glipsimo","visma" or "meson"!

I wanted everything "AXIOKRATIKA"!

I had a lot of ambition and aspiration for my future!

There were a few like me who were thinking the same and took off leaving behind papandreou(I left Greece after he was elected) to creat a massive FAT COW catering to the laziness and ohaderfismo of the Greeks created by sosialism!

This FAT COW grew over the years and the worst became very demanding! It expected everything handed to them at any cost!

Since the "ekastote" govenments wanted the FAT COW'S votes,they haned everything to them creating more "sindikalistes" more sosialists more communists and the like! In other words REMBESKADES! USLESS ARROGANT "TENEKEDES XEGANOTOI"!

Today's Greece's society is a mere reflection of all the aboVe! It is the FINAL PRODUCT!!!

Is anyone surprised? NONE of us who did not want ROUSFETIA,MONHMOTHTA KAI DHMOSIO are surprised at all!

Tsipras and his cronies are direct product of all that! They are al ex-Communists who never put a day's work in their lives!

THE BIG FAT COW ALWAYS DELIVERED!

 

Now! That FAT COW has very little to offer siNce it is no longer fed by the EU'S ANATREPOMENA OF EUROS!

Tsipras is left will all the COW MINURE that the fat cow HAS CREATED AND HE IS NO LONGER ABLE TO CLEAN THE STINKING STABLE!

 

I say we round all the MPs that served since 1974 and parade them in front of the European Justice(the Greek one I don't partcularly trust) and let them one by one confess for the harm and evil that have caused to this glorious nation and land!

Send them all in Gyaro and let them vanish!

We are not ready to let a Greek nation vanish!

Only a few of the bastards who brought that nation to its knees need to face justice,and they will!

this is what i wrote a few weeks back! Time for the FAT COW to bow out!

[js1000]

 

 

Greek prime minister Alexis Tsipras 'beaten like a dog and crucified' by EU sanctions

http://www.mirror.co.uk/news/world-news/greek-prime-minister-alexis-tsipras-6059935

 

Greece goes on strike: Civil service workers announce 24-hour walkout after government gives in to creditors... as summit insider reveals leaders' furious rows in tense talks

i was reading some of the comments, its like reading this forum, here's an example

Antipodean, Sydney, Australia, less than a minute ago

Lol, Greece on strike, UK taxpayers to shell out a Billion Pounds to keep those lazy idiots afloat. What's wrong with this picture? So nuts, its actually comical (thank God my tax dollars aren't paying for them!)

http://www.dailymail.co.uk/news/article-3159710/Greek-civil-service-workers-announce-24-hour-strike-government-gives-creditors-insider-reveals-leaders-furious-rows-says-Tsipras-crucified.html

 

Goldman Sachs fixes Greece Euro entry, then bailout- more debt - crush the people and pinch some assets - then bailout(more debt) then crush the people through austerity/cuts again and pinch more assets, and on it goes. 

At what point is enough enough and we exit? it should have happened 5 years ago.

 

yet all i'm reading is that my UK tax contributions are keeping Greece afloat because they're too lazy to work. 

 

Edited July 14, 2015 by js1000

[Akritis_1944]

Don't read the comments of news sites. It's like all the backward, narrow-minded ignoramuses on the planet go there to comment on subjects that they don't understand. A bit of casual racism and offensive national stereotype statements and then they think they have solved the problem. "Lazy Greeks! There! Take that. My taxes...They're not European anyway! Yeah I showed 'em!" Then you get a dozen or so morons agreeing.

Not everyone is like that but it's a majority. At least we debate and make our claims in a readonable manner on these forums.