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Thread: Greece referendum: Early results show 'No' vote ahead

  1. #161
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by jmotivator View Post
    No, the Greek problem existed long before the debt crisis. Also, the rest of the EU seemed to be able to weather the debt crisis OK.

    I don't understand what any of this means. The greek problem existed before the debt crisis? Isn't the greek problem the debt crisis?

    Also, it is not true that the rest of Europe has weathered the debt crises ok. The peripheral European economies have mostly been performing very poorly.
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Fenton View Post
    What about the left wing sychophants that blame all of this on the Banks and the Creditors ?

    Those Che Guevara flag waving morons who blame " austerity " when no one in their right minds would lend Greece a dime ?

    They're the one's who've turned this into a cluster.

    The Greek banks are giving out a maximum of 60 Euros a day and are forbidding any wire transfers out of Greece.

    You know where they're getting the money to do that ? They're taking it from people's safe deposit boxes.

    Well, it IS mostly the fault of the banks and creditors, so blaming them makes a lot of sense.

    I don't own a Che Guevara flag and have no interest in ever doing so.

    Austerity IS the problem.

    A growing greek economy would be far more capable of paying off any debts, but austerity has led to a great depression in Greece.

    I figured I would respond in the same format as you.....
    I'm a Tarte, what!! You want some of this??

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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Frodly View Post
    I don't understand what any of this means. The greek problem existed before the debt crisis? Isn't the greek problem the debt crisis?
    Yes the Greek "problem" existed long before the present debt crisis. Greece has been a serial defaulter during the last 100-200 years. And the Greek "problem" is not per say the debt, but the fact that they lied about it. It is a trust issue.

    Also, it is not true that the rest of Europe has weathered the debt crises ok. The peripheral European economies have mostly been performing very poorly.
    The rest of Europe had different problems relative to Greece. Spain had a building boom collapse, Portugal had a structural reform issue, and so on and so on, but most of it involved the private banking system. All of it was brought to the front because of the US sub-prime crash in the US. European banks had bought a lot of crap in the US, and had to be bailed out by European governments, which caused a credit crunch, which caused economies to crash basically.
    PeteEU

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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Unicron View Post
    Well the news is usually uncannily predictive
    so you might have a point.


    Except when it's 100% wrong. As it has been many times in the past.

    Does anyone remember the 'Dewey defeats Truman' headline?

    Tell us all about it. I was alive when that happened.


  5. #165
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    Re: Greece referendum: Early results show 'No' vote ahead

    European parliament particularly frosty after Tsipras' defiant speech today.

    Quote Originally Posted by Guy Verhofstadt
    1. End the clientelist system in Greek politics i.e. party cronyism and rewarding loyalists with jobs.
    2. Downsize the public sector
    3. End privileges - privileges of the military, the orthodox Church, the Greek islands and the political parties.
    You need to come forward with your reform pacakge, it is not a chicken or egg situation.
    Quote Originally Posted by Pitella
    We socialists will never except Grexit, ever!
    Quote Originally Posted by manfred webb
    what if eurozone countries had own referendums so don't have to keep shovelling cash to Greece?

    Rather than holding referenda, other member states have got on with reforms and fiscal consolidation your rule has been catastrophic.

    Don't lie to people, debt cut won't hurt bankers, it will hit nurses in Slovakia and public officials in Finland
    Quote Originally Posted by Nigel Farage
    If you have got the courage you should lead the Greek people out of the eurozone with your head held high.

    Yes it will be tough for the first few months, but with a devalued currency and friends all over the world you will recover.
    There is a new Berlin Wall and it is called the euro.

    Today's Euro Group meeting has been cancelled.

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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Frodly View Post
    I don't understand what any of this means. The greek problem existed before the debt crisis? Isn't the greek problem the debt crisis?

    Also, it is not true that the rest of Europe has weathered the debt crises ok. The peripheral European economies have mostly been performing very poorly.
    No, I am talking about the global recession debt crisis. The assertion was that it was the recession that ruined Greece which isn't true. Greece failed to weather the global recession because their economy was broken. It was so broken that they had to lie in order to gain entry into the EU in the first place.
    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 referendum: Early results show 'No' vote ahead


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    Re: Greece referendum: Early results show 'No' vote ahead

    One big issue I see here is that Greece may become a hub for Isis and other terrorists. What better to use as a switching station than a place with people who look like you, a nation not really all that threatening, and then with money you could just hop to any nation you want.
    The Crowd is not the sum of its parts.

  9. #169
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    Re: Greece referendum: Early results show 'No' vote ahead

    Quote Originally Posted by Manc Skipper View Post
    The Greek people don't want to leave the Euro, but they won't take any more of Europe's lethal medicine either.
    It seems the lethal medicine came from Greece.
    Quote Originally Posted by Redress View Post
    Generalizations are stupid.
    Quote Originally Posted by Joe Steel View Post
    The Second Amendment has nothing to do with guns.

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    Re: Greece referendum: Early results show 'No' vote ahead

    I can't believe anybody would make a loan to Greece after they promised to ignore the ones they already have. Credit certainly doesn't work the same with governments as it does with everyone else. I know it is painful, but Greece is simply going to have to live with some pain for a while. They need to get motivated and build their economy instead of parking in front of the money trough with their hands out.

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