Posted on 05/06/2010 7:10:18 PM PDT by myknowledge
The Greek parliament approved tough new austerity measures to help curb its soaring debt and deficit as thousands of people demonstrated against them in Athens. European Union leaders are holding an emergency meeting on the crisis on Friday.
Thousands of protesters again took to the streets of Athens (on Thursday) to register their dismay at tough spending cuts that will affect their pensions and salaries. But the Greek parliament went ahead and voted in favor of the package of tough, new austerity measures, demanded by the European Union and the IMF in exchange for a $145 billion loan deal with the European Union and the International Monetary Fund.
The Greek government says the country has no option but to grit its teeth and cut spending to tackle the soaring debt and public deficit.
(Excerpt) Read more at 1.voanews.com ...
A pedestrian walks by a closed bank where the spray paint on the closed shutters reads: "general strike forever" in Central Athens, 06 May 2010.
This is what the angry Greeks feel about the globalist banksters and their financial enslavement program. It's all by design. None of this would have happened had the globalist banksters simply left the Greek economy alone.
Are you the Marxist.com editor? Who forced the Greeks to join EU or to take $400 Billion in 'capitalist' money debt in addition to the free billions ?? In another time an armada of ships would be sailing to get their money back
“general strike forever”
Well, that’s no change in productivity.
No, I'm not.
Who forced the Greeks to join EU or to take $400 Billion in 'capitalist' money debt in addition to the free billions ??
The globalist banksters bribed the Greek political elite to spend, spend and spend the borrowed money, money from the globalist banks.
More info: Greek debt
I guess if I or my family were starving or something serious like that, I might not be happy. Then again, I’d try to find my own food.
Greece was going to default before joining the Euro. The boom in the economy, and the credit bump it got from being tucked into the Euro, allowed/encouraged it to borrow even more.
Anyways, the Greek elite used the state, and the Euro to suck in money, which they privatized into their own hands and dumped the losses onto the public. Greek unions, pensioners, and other Greeks took their swag as they negotiated for it.
The banks are not asking for anything but what they loaned and a bit more for the use. Where is it? It, like a kilo of coke has been cut up and used. Little was invested in productive activities.
AS bad as the Greek Government was though, the banks loaned based upon the notion that they would get bailed out by the rest of Europe, which is wrong. Both the Greeks and the Banks are now holding the EU hostage.
But, the important thing, and costly thing is that the notions of trust and repayment and the reviled nature of who these idiot, greedy, banks loaned to is becoming clear.
Life isn’t fair. Honest Greeks and working,saving Europeans and taxpayers are going to pay, just like in the US. Why? Because like a judge once told me, “because you have money and can afford it.”
That may or may not be true. Assuming it is, the Greek political elite have an obligation to represent the Greek people. It is the Greek political elite who are to blame, not some boogie man called global banksters. It was the Greek political elite that screwed the Greek populace that should be held accountable, if what you say is correct.
Don’t rule out the ever constant, no known cure, un-fixable.....stupidity.
The Greek government was noted for stiffing/defaulting before the Euro. It was known to cheat to get into the Euro, and lie afterwards, and really be exposed recently.
Now the EU elites want to loan more money to basically the same crew?
Like, WTF?
And the EU elites want the German, Dutch, Americans, Japanese working stiffs to pay money that will go back to the Greek elite, some of their mob and to the previous banks.
Exactly, you elect a government to represent you. Good or bad you have to live with it.
Why weren’t they complaining as they spent al that money?
Did you see the pre-1990’s Greece? Now it was built with ‘capitalist’ money. Debtors should sell the debt to Turkey for a huge discount if Greece ever defaults
“Debtors should sell the debt to Turkey for a huge discount if Greece ever defaults.”
ROTFLMAO
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