Posted on 07/12/2015 8:41:53 PM PDT by tcrlaf
As European Union leaders push Greece for more austerity reforms, Athens enters political crisis and social media erupts in response.
A two-day emergency meeting on Greeces economic future ended Sunday with strict conditions from the European Union, including contentious austerity reforms, if it wants a new bailout and keep the euro.
To meet the conditions for fresh aid packages and a third bailout that Greece needs to avoid bankruptcy, European finance ministers want Greece to pass a series of austerity measures--including tax and pension reforms-- through Parliament and put them into law by Wednesday.
Greece will also have to lose fiscal sovereignty as part of the austerity measures, implying that the troika- the International Monetary Fund, the European Commission and the European Central Bank- would be in charge of all legislation relevant to austerity. This also includes changes to legislation already passed by the Syriza government since it took power this year.
Very interesting article on the subject of Thatcher and a unified Germany:
https://www.thetrumpet.com/article/6588.24.119.0/britain/britains-iron-lady-was-right
The gimmedats have spoken.
Anyone know how to translate “we want our free stuff” to Greek?
They surrendered their national sovereignty when they joined the EU in 1981.
There’s a verse I think that says “debt will make you a slave.”
They could always decline all further help and maintain complete control over their affairs.
“You have not anchored Germany to Europe; you have anchored Europe to a newly-dominant unified Germany. In the end, my friends, you will find that it will not work.”
Thatcher was brilliant and she was so right.
Hitler would be proud...never underestimate the German Hun.
China will do th his to us one day.
End-stage socialism.
Proverbs 22:7 says: “The rich rule over the poor, and the borrower is slave to the lender.”
China's stock market is crashing and the leveraged buyers are underwater. Clif High's web bot analysis indicates that those Chinese who managed to purchase US real estate, but are underwater on their loans/stock in China will be getting visits from uniformed PLA officers demanding the title. There is rampant corruption in the Chinese financial world and the government plans a very hand's on remediation.
They had that opportunity around five years ago when the last EU package was signed and agreed upon. The EU told them precisely what was wrong with the gov’t. They decline to go after tax avoidance cheats. They decline to downsize the military. They did attempt to dissolve the national TV network, but the employees still showed up and pretended to work...sending out communications and helped to trigger another election where the old party who fired them....were put out and the new party brought them back.
Every step of the way, Greeks took fraudulent sides on political games and stand in the way of reforming the entire economy. They have more than enough revenue being generated to cover a normal government situation....except they are barely taxing maybe half that revenue....the rest simply slides by without being taxed.
Our government has borrowed from China.
Even Krugman, you say...
bump
I don't see that anyone cares about the result of consequences on their feelings, or self worth, or whatever it is you're saying.
Speaking of coups...
About $1.3 trillion to date.
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