[longtermmemmory]

The issue is not about the euro, it is about power. Greece has been an austerity laboratory. High taxes have failed.

with 180% debt to gdp the only loser is going to be the public entity that has the most bonds held. That would be Germany.

https://www.youtube.com/watch?v=Afl9WFGJE0M

[jimwatx]

Ha but Mr Panos cracks me up even more:

https://www.youtube.com/watch?v=Zvl9N9GdraQ

[jimwatx]

This whole thing has been a globalist scam from the beginning. The German mark would have risen too high cutting of exports but a euro diluted among the less efficient economies allowed Germany to keep their exports up. Their exports are equal in dollar value to the US with 1/4 of the population. How do you think they managed this trick?

Prior to a common currency devaluation of their currency kept Greece alive and keep them from over brrowing because their sovereign bond interest rates would never have allowed them such excess. Most people don't have a clue as to what this whole thing is really about. The bankers of course have benefitted exponentially by all these financial shinanigans managing to put all risk upon the European taxpayers of course. Same as it ever was.

[jim_trent]

> “Greece has been an austerity laboratory. High taxes have failed.”

High taxes don’t collect much if nobody pays them. I understand that cheating the tax collector is a national obsession with the Greeks (remember the swimming pool tax).