Posted on 07/02/2015 7:18:44 PM PDT by familyop
The party's hardline chief and defence minister, Panos Kammenos, dismissed them contemptuously. "We are at war and there will be no backing down. Whoever does not have the stomach for war, be gone," he said... Mr Varoufakis vowed to resign if the Greek people voted yes. "I prefer to cut off my own arm rather than sign an agreement without debt restructuring," he told Bloomberg TV. He said there is not a "smidgeon of an iota of possibility" that the terms on offer can lift the Greek economy out of a deflationary tailspin, insisting that the talks broke down because the creditors refused to face up to the fact that Greece's debt is unpayable...Yiorgos Kaminis, the mayor of Athens, said...If Greece votes 'no' we will be obliged to go back to the drachma immediately, and sooner of later we may be forced to leave the EU as well. I don't want my children to be part of North Africa," he said.
(Excerpt) Read more at telegraph.co.uk ...
There is one Greek town of average incomes where the per capita ownership of Porsche sports cars was so high that Porsche sent out a high-level company rep for a tour and grip-and-grin with the mayor.
Also:
There was one Greek island where nearly EVERYONE was legally blind —turned out there were super rich extra payments to anyone who could get himself declared blind. Even a taxi-driver and bird-watcher were “blind”.
Retirement age 50 years, 30% of the population works for Da Gummint...
The idea behind “gaming the system” is “gaming” the system, not crushingly defeating it.
Is this Greece or Chicago you’re talking about?
Do the greeks produce anything besides olive oil....and more greeks?
Let the Germans buy Greece and make the peeps renters or have them move to Libya.
greece has 11m people and has $550m in cash reserves... $50 per capita
the United States has 320m people and $25b in cash reserves... $78 per capita
greece isn’t that far removed from the US
“I don’t want my children to be part of North Africa,” he said...”
Well then, you and your people better go back to being productive, instead of sitting on your collective a$$es!
The Germans lent Greece money just so the Greeks would continue buying German export products like the Porsches mentioned here, and thereby help keep the German economy spinning along.
GO CONSERVATIVE ANTI EU GREEKS LIKE THE ‘INDEPENDENT GREEKS’ PARTY AND THE DEFENSE MINISTER PANOS KAMMENOS.
‘INDEPENDENT GREEKS’ ARE AMERICAN TEA PARTY GREEKS SUPPORTING THEIR NATIONAL SOVERIGNTY.
‘INDEPENDENT GREEKS’ ARE BRITISH UKIP GREEKS DEMANDING FREEDOM FROM THE EUROPEAN UNION BOOT HEEL.
YOU ALWAYS HEAR ABOUT THE LEFTISTS WHO LEAD GREECE’S GOVERNMENT BUT YOU NEVER HEAR ABOUT THE CONSERVATIVE ‘INDEPENDENT GREEKS’ AND DEFENSE MINISTER KAMMENOS. THEY ARE NOT FASCIST ‘GOLDEN DAWN’, THEY ARE CONSERVATIVES.
The article is about Greek banks. Are you claiming US banks have only $25b in cash reserves?
Is it me, or is this jerk of a PM waiting on debt forgiveness?
So he can start the whole sorry mess over again?
Paging Mr. Obama, please pick up the white courtesy phone...
the banks are insured by the FDIC. FDIC only has $25b
The full article is worth reading. By the standards of Greece, the political turmoil looks below average. ;') Thanks familyop.
i haven’t found a more recent one
And our banks have trillions in excess reserves.
No comparison to Greece.
You fools did it to yourselves. It’s called Socialism and it only works until you run out someone else’s money, a fact that has been stated thousands of times.
Do you a link to that?
Sounds like a losing strategy... for the Germans.
Would you lend money to someone to buy your widgets who you know is not going to pay you back?
It's a great deal for the Germans. They loan the money, the elitists grab it for themselves and spend it on your most expensive widgets. Then everyone else in Greece until the end of civilization has to pay the Germans back the interest on those loans that can never be paid off.
The rich got the Porsches, the little folk got screwed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.