Greek crisis: deal unravels both sides reject reform measures

The Telegraph ^ | 06/24/15

[Enlightened1]

Grexident looming? Tsipras hits back at creditors who reject plan ahead of third Eurogroup meeting in less than a week

[Enlightened1]

What most people do not realize is that back in 2008 Greece was convinced, by the Central Banks, to take on debt to help bail out the E.U......

Well it back fired on them. Sure enough Greece could not pay back what the Central Banks advised. Thus, they got on 3 or more plans since then, again advised by the Central Bank..., that ALL FAILED.

Iceland on the other hand did not take the advice of the Central Bank and kicked them out. This is because they said the debt was not their's and now their economy is booming while the rest of the E.U that is following the Central Bank's Plan is imploding.

[TruthInThoughtWordAndDeed]

The EU will subjugate Greece against its will. It will be “uprooted.”

[expat2]

The Germans kept insisting on Greece taking more money in order to keep German exports booming. Just about everybody involved in that charade is going to have to take a haircut — the longer they try to keep it going, the bigger the haircut.

[Maine Mariner]

Iceland is definitely an interesting case study.

Their shipping company Eimskip is making weekly calls into Portland, ME. The country seems to be recovering from the 2008 financial crises.

[semimojo]

Iceland on the other hand did not take the advice of the Central Bank and kicked them out. This is because they said the debt was not their's and now their economy is booming while the rest of the E.U that is following the Central Bank's Plan is imploding.

Yeah, great plan. Let's default on out debt, stiff our creditors, collapse the value of our currency and go through a severe depression. It will feel great in a few years when we start to recover.

[kidd]

What most people do not realize is that back in 2008 Greece was convinced, by the Central Banks, to take on debt to help bail out the E.U

I might be one of those people. Would you mind elaborating on this?

[VTenigma]

[Yeah, great plan. Let’s default on out debt, stiff our creditors, collapse the value of our currency and go through a severe depression. It will feel great in a few years when we start to recover.]

I’m thinking it’s a better plan than, print money at a rate never imagined, leverage that money through credit default swaps until the debt amounts to the national debt to the power of 100, devalue the currency all the while masking the inflationary pressure on the currency, double the national debt in 7 yrs while the media covers for you, ignore the impending crash that will destroy the free world’s economies that will leave many unprepared for the devastation and mass deaths that will occur, and allow the communist block countries to dominate everything.

[semimojo]

I’m thinking it’s a better plan than, print money at a rate never imagined, leverage that money through credit default swaps until the debt amounts to the national debt to the power of 100, devalue the currency all the while masking the inflationary pressure on the currency, double the national debt in 7 yrs while the media covers for you, ignore the impending crash that will destroy the free world’s economies that will leave many unprepared for the devastation and mass deaths that will occur, and allow the communist block countries to dominate everything.

So just blow everything up now and get it over with? I might agree if I thought the only alternative was the apocalyptic scenario you outline but think there might be a middle ground.

[VTenigma]

Whistling past the graveyard.