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Thread: Greece threatens top court action to block Grexit

  1. #11
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    Re: Greece threatens top court action to block Grexit

    Quote Originally Posted by Chagos View Post
    I can't present any quotes from Greeks I know that might be representative. But according to the people I speak to, denial is at an all time low by now.

    Disgust with the idjits now in the driver seat going in the opposite direction fast.
    If the people support austerity then they shouldn't have elected the idjits they elected.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

  2. #12
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    Re: Greece threatens top court action to block Grexit

    Quote Originally Posted by Fenton View Post
    Leftist are loyal to their ideology above all.

    Its why they're so dangerous when given positions of power and influence.

    Honestly, there were Greeks flying Che Guevara flags during the recent protest.

    Unbelievable. We're witnessing cognitive dissonance on a National scale.

    Yeah, I have said for a long time that the problem with Utopian ideologues is that they can't adjust their end goals, Utopia is always the goal, they just blame the people for being too weak to reach Utopia.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: Greece threatens top court action to block Grexit

    Quote Originally Posted by joG View Post
    I am actually surprised that nobody has taken the finance ministers to task for creating a situation where living conditions collapsed to those of a third world country. This is rather against the demands of the European Human Rights Charter with which all sorts of legislation is justified and a number of laws have been wacked.
    Which third world country would that be?

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    Re: Greece threatens top court action to block Grexit

    Quote Originally Posted by ludin View Post
    they will simply force Greece out. without a way to issue currency and the EU not loaning them any more money to not fix their problems. Greece will have to exit.
    they won't have a choice. I am sure there is some contractual language that can be used to get rid of them even if their is actually no provision.

    the simple fact that they fail to abide by their own obligations and cannot be self-sustaining without major influx of cash from other countries.
    the rest of Europe is not going to put them on the hook for Greece's mismanagement.

    if Greece was voted in they can be voted out.
    And they need to get out of the failing Euro. There is no way the Euro can sustain itself. It was doomed from it's inception. Watch how other countries follow Greece.

    To understand why I say this, you need to realize that most — not all, but most — of what you’ve heard about Greek profligacy and irresponsibility is false. Yes, the Greek government was spending beyond its means in the late 2000s. But since then it has repeatedly slashed spending and raised taxes. Government employment has fallen more than 25 percent, and pensions (which were indeed much too generous) have been cut sharply. If you add up all the austerity measures, they have been more than enough to eliminate the original deficit and turn it into a large surplus.

    So why didn’t this happen? Because the Greek economy collapsed, largely as a result of those very austerity measures, dragging revenues down with it.

    And this collapse, in turn, had a lot to do with the euro, which trapped Greece in an economic straitjacket. Cases of successful austerity, in which countries rein in deficits without bringing on a depression, typically involve large currency devaluations that make their exports more competitive. This is what happened, for example, in Canada in the 1990s, and to an important extent it’s what happened in Iceland more recently. But Greece, without its own currency, didn’t have that option.
    http://www.nytimes.com/2015/06/29/op...rink.html?_r=0
    Last edited by iguanaman; 06-30-15 at 11:33 AM.

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