Posted on 05/09/2012 9:08:59 PM PDT by jocon307
Now the worst case scenario has arrived: Greece threatens to become ungovernable. The situation after Sunday's election in Greece looks hopeless. No matter which coalition of parties one calculates, whether big or small, left or right wing, it is impossible to come up with a viable majority government.
The Greeks have once again defied their international partners. They have not been cowed by threats, advice or even the prospect of their own bankruptcy. It's unclear where this new twist in the endless Greek drama will take the country. For Greek voters, the priority was to punish those people who, in the eyes of most Greeks, are mainly to blame for the country's misery: the politicians.
(Excerpt) Read more at spiegel.de ...
They should abolish their government.
they need to. The mess that follows could shape humanity imo..
Goodbye euro, hello drachma. Instead of austerity, the Greeks will have 100% authentic Greek poverty.
The longer they keep putting it off, the worse its going to be. Same with us actually.
I knew this Greek election was going to be filled with rage, whether justified or not.
I was also pretty sure (in fact I had a post here the other day saying just this) that the results would end in an inability to form a government.
I’m paying only cursory attention to Greece, yet it seems I grasped more than some pros of the Euro elites. From the article “Just four weeks ago, a high-level envoy from the European Commission was still “firmly convinced” that one party would get an absolute majority or that there could be a coalition between the two main parties....”
Now, I guess that is just one person, but for all the attention given to the Golden Dawn party winning seats for the first time, I felt they were missing the forest for the trees.
And I did like this bit also “Panos Kammenos, head of the Independent Greeks party and a former New Democracy minister, said he would not even form a coalition with the conservatives if he was dead.”
LOL is all I can say to that.
But, sigh, it is no laughing matter.
The Greeks have driven themselves into the ditch and now they are mad about it. There’s no more slurpees to sip over there.
I suppose they’ll have a sort of do-over election in June.
I reckon this is the type of situation that is ripe for some kind of “Strong Man” to rise up.
Hubby’s plan is to send all the Greek immigrants here in the US back to the homeland to straighten things out.
That might be a better idea than anybody else has had so far.
Mr. Kammenos is still alive, bless his soul, but I think the Euro is dead. It has already contracted several fatal diseases and has not many quarters to live.
try to be nice.
Can we send Bernake and Geithner to Greece along with Krugman and Greenspan? They are such experts at Socialism.
The European Commission’s top economists warned the politicians in the 1990s that the euro might not survive a crisis, at least in its current form. There is no EU treasury or debt union to back it up. The one-size-fits-all regime of interest rates caters badly to the different needs of Club Med and the German bloc.If the ECB didn’t raise rates between 2007 and 2008 (they did it eight times), it may have been possible to avert this crisis. But also consider that the crisis was worldwide and hit the USA probably just as hard. But the goals of the “euro fathers” have to be kept in mind here—this is all they are focused on right now, especially since welcoming a crisis is tantamount to an admission of deliberately causing said crisis.
The euro fathers did not dispute this. But they saw EMU as an instrument to force the pace of political union. They welcomed the idea of a “beneficial crisis”. As ex-Commission chief Romano Prodi remarked, it would allow Brussels to break taboos and accelerate the move to a full-fledged EU economic government. …
“Goodbye euro, hello drachma. Instead of austerity, the Greeks will have 100% authentic Greek poverty.”
On the other hand, my next Greek Vacation could be AMAZINGLY cheap.
“For Greek voters, the priority was to punish those people who, in the eyes of most Greeks, are mainly to blame for the country’s misery: the politicians.”
Wonder what it’s like to live in a country without mirrors...
Well if this is supposed to be a controlled burn, good luck with that... When the flames start to spread they’ll go fast and in unpredictable directions...
Especially with half the country on strike...
They’re not worried about a controlled burn, since such wouldn’t be a crisis after all. The worse the flames, the more draconian the solution they can force down the people’s throats.
>> Goodbye euro, hello drachma.
I visited Greece in the late ‘90s and brought back drachma.
I was advised to change them to euros before the deadline passed, but procrastinator that I am, I never got around to it. So I have been holding worthless drachma for more than a decade.
What do you know? Maybe soon they’ll be worth something again! :-)
An earlier post mentioned the situation ripe for a "strong man" to emerge. If your '90s drachma is to be worth something, it might need to have this strong man's picture on it.
I spent a couple of weeks in the late ‘70s in Greece and I’d say the concept of a functioning Greek government was a mere hallucination, even then. The local communists merely had to suggest they were going to conduct a demonstration and the government would roll over on its back.
Greece may be the source of great insights from knowledgeable philosophers that ultimately led to the Enlightenment and what we know today as a democratic republic in the US but the Greeks seem unable to move past the monarchy that once functioned there. Since Britain’s Prince Charles is the progeny of a member of the late Greek monarchy, perhaps he might be interested in having his own country since mummy apparently won’t give over the UK?
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