I agree from here and now there can only be a solution of debt write off. The thing is 5 years ago the debt was much smaller can could have been dealt with differently
Greece should leave the EU, it is better for greece and better for the EU "It’s time for Greece to put itself out of its misery. It must stop hoping for a miracle, default on its debts and exit the euro. In the short term, this would probably precipitate another cataclysmic relapse into recession for Greece’s long-suffering people. But it is the only way out of the current logjam and has become a necessary, albeit not sufficient, condition for the country to make an eventual recovery. Ideally, the Greek government would choose to press the Grexit button itself. But if it decides instead to cling on indefinitely, the rest of the eurozone should find a way of forcing it out of the single currency as soon as possible. That would go against the EU’s imperialistic mindset, for sure, and would violate the infamous acquis communautaire rule: the view that EU integration should never be allowed to be reversed in any area and in any country. But it’s the only way to end the current nonsense, and the only hope for a country that has been suffering horrendously for years. The most powerful arguments in favour of both default and Grexit relate to political economy and electoral psychology. Greece’s debt burden is too big: it can never be repaid" http://www.telegraph.co.uk/finance/...for-a-miracle-it-needs-to-leave-the-euro.html "It can never be repaid" Exactly, it is a system designed to keep countries in debt forever If they stay in and take more loans their misery will be extended for decades and EU money will just be going to greece and then on to bond holders and creditors, the money will not actually do anything for the EU because it is not going to help the Greek economy because of Austerity impositions and asset fire sales and privatisation of very valuable assets like ports and public services, how serving US hedgefund debt of billions will help the EU or greece I'll never know. Germany's grexit talk is fearmongering to scare Greeks into voting yes.
The IMF "Trained" Greek Journalists In Washington To Spin Stories In Favor Of Troika http://www.zerohedge.com/news/2015-...rnalists-washington-spin-stories-favor-troika In what can only be described as a shocking testimony, Greece’s former representative to the IMF, Panagiotis Roumeliotis, in front of the special parliamentary committee on the Greek debt, said that several Greek journalists were “trained” in Washington D.C. in order to support the positions of the IMF and the European Commission in Greek media. Roumeliotis testified that… “The IMF trained” greek journalists so that “Greek journalists can promote the positions of the IMF and the European Commission in Greek media.” According to Roumeliotis, the seminars and training classes took place in Washington D.C., as well as various sessions taking place in Greece. Roumeliotis refused to disclose the names of the journalists involved, in what can only be described as overt and excessive western propaganda, bordering on illegal actions undertaken by the IMF and European Commission given the state of Greece’s debt burden. Parliament President and head of the committee, Zoe Konstantopoulou, noted that the committee investigating Greece’s debt would seek to discover the names of the journalists that took part in Washington’s training sessions. Roumeliotis noted that when he was in Washington D.C. he accidentally met with Greek journalists who told him that they were invited to attend seminars on the function of the IMF. He said that the committee can ask the organization’s Director of Communications Department, Gerry Rice, for a list of journalists’ names who attended such seminars in D.C. Konstantopoulou adopted the proposal and appointed a committee member to draft a formal request to the IMF… “In Greece, certain individuals who work for the mass media were contracted to conceal the fact that the Greek debt was not sustainable.” Roumeliotis further testified that IMF head… “Christine Lagarde and other high officials at the IMF contacted me before my testimony before the committee to remind me that members of the IMF are immune from prosecution.” Konstantopoulou named television journalist Yiannis Pretenteris as one of the journalists attending the IMF classes. According to Konstantopoulou, the popular Greek journalist admitted in his book that he attended the IMF seminars. Roumeliotis noted that many journalists fell victim to the IMF’s misinformation campaign, and that the omission of the fact that the debt was not sustainable was detrimental to public interest. Roumeliotis went on to say that several economists and university professors also attempted to convince the public that the debt was sustainable…adding that he puts them in the same category as the journalists. Who is Panagiotis Roumeliotis: A Greek economist, academic, banker and politician who served as Minister of National Economy, Minister of Commerce, Member of the European Parliament for PASOK and as Greece’s representative at the International Monetary Fund. More evidence of the internetional banking cartel at work enslaving countries to debt.
Yep, then when you are a bad boy they just turn off your card or chip, then you don't exist, the ultimate form of control having cash is freedom from the bankers it's why they want cash gone, you can't be tracked and leveraged with cash in your pocket.
“Christine Lagarde and other high officials at the IMF contacted me before my testimony before the committee to remind me that members of the IMF are immune from prosecution.” There is the reality, laws are for us not them. Remember me saying that on the marriage thread two days ago trebs?
No money mate, cash or otherwise. It's the next stage of progression for humanity. Surprised at you Sisu, you should be all for it.
Nope, becaue it wont just be cash, it will be everything in one and all controlled by the government, ergo the ruling class. It will be slavery. Dissent will literally end overnight If we humans evolved to be something other than the batards we are then yes but we know we are not.
Greece Old money was Greek drachma please log in to view this image If it's NO today, they may have to leave the Union and go back to their old money. They have to be printing worthless money,
Wasnt the drachma a pretty poor currency anyway? Like 1000 to a pound or something ridiculous. I quite like the ones with the holes, you could make a nice necklace out of those.
Go greece. Even with IMF controlled journalists working the yes side Greeks look to be making the right decision. I hope they vote no and exit. Better for them.
Fear is the primary weapon. The reality is if the euro zone wants any stability it's got to have at worst an orderly supported exit for the Greeks It can't be a doomsday like they'd like the greeks to think
Merkel is off to meet Hollande to discuss the result of the Greek referendum a.k.a. just how hard she got ****ed in the arse
Did you read that article I posted re the IMF and journalists.? The IMF want Greece in and taking the cash, so that's what Germany wants. Fakt They want to rob Greece blind after putting them into an even deeper hole and the cash they give greece, most goes to banks and hedgefunds, a black hole. Then privatise everything, sell assets and islands, and the cost of everything goes up and earnings and jobs down. Tax down as a result. tax is already half their GDP like. Saying and taking the cash will annihilate them and keep them broke and without profitable assets
The No group has won. But I fear it will be a Pyrrhic victory. Why did we need this referendum. The result was a foregone conclusion. The only reason for doubt was the European creditors and opposition parties in Greece declaring it will be a vote for coming out or staying in Europe. Without that and with a clear figure leading the No campaign, it was bound to win. At face value, the question was " do you want to be crippled with austerity, pension reduction, vat rises and massive debt repayments : YES OR NO? Of course any sane people will choose No. But the creditors knew that the Greek people were against austerity any way. The Greeks had after all elected this government on an anti austerity mandate. And surely the creditors must have been aware of this during the talks. So what has changed? Will the creditors under pressure to give the Greeks better terms like writing off some of the massive debts or significant debt/interest holidays? Do international bodies have to bend to the will of individual nations? So if the population of Papua New Guinea (as an example) owe millions to the IMF. They hold a referendum about repaying the debt and disagree with the terms. And want the debt repayment restructured. Or dismissed. Should/would the IMF listen be because it was like varoufakis said a "democratic decision"? Do turkeys vote for Christmas ? The next few days will be quite interesting. If Greece do get out of the euro it might be better for them in the long term despite the awful short term misery.
