peteblue
Welcome back Wayne
Imperialism without order..........
Greek Financial Crisis
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Imperialism without order..........
'Regime change' because they don't like a government that will not do as it is told. Sounds so so familiar.
It will be interesting to see how far the Germans will be prepared to go, to teach the 'anti austerity' Syriza, or more appropriately the population, a lesson, for daring to vote for those that will stand up to the established order.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
They're in cloud cuckoo land if they think they're isolated from international events or lobbying.
Every country is. Isolationism has proven time and again throughout history to be a losing strategy.
Professor Toffee
On and on, over the hill and the craic is good
"They haven't gone away you know", to quote Mr Adams
The Esk
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What about the principle of non-intervention in a sovereign country's internal affairs?
Let me quote directly from the Friendly Relations Declaration (UN General Assembly, 1970), which included under the principle of non-intervention the following paragraph:
No State or group of States has the right to intervene, directly or indirectly, for any reason whatever, in the internal or external affairs of any other State. Consequently, armed intervention and all other forms of interference or attempted threats against the personality of the State or against its political, economic and cultural elements, are in violation of international law.
It doesn't matter whether 'isolationism' has proved to be a 'losing strategy'. Just because it has been proven wrong doesn't mean that countries don't look after their own interests first. The US have taken the UK financial sector to the cleaners with fines etc. and this has cost the UK loads of jobs and money. Whether it is good for the world economy isn't the first consideration of the US. It is what is good for them.
The Greek political and business lot have dabbled in a failed economic experiment. Syriza hold all the trump cards and the US are running scared that they will draw closer to Russia. The Greek people have had enough of 1930s slump policies and voted in Syriza. A democratically elected government, that is standing up for what the people elected them to do, 'end austerity', doesn't seem to be the liking of some of the European establishment. Who are so used to hoodwinking the populus of their countries with 'promises' they know they will not keep.
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Its not their internal affairs is it though. They owe money to INTERNATIONAL CREDITORS ...
The Greeks have been funding their previous prosperity on DEBT that other European nations have been funding.
Switzerland haven't done to bad out of it, cant think of any others in fairness
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
The UK banks were acting illegally - in their US businesses.
I don't see any relationship here to Greek government debt.
You're trying to lump the two things together for political rather than realistic purposes
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
Switzerland aren't isolationist.
They're in the 'non-aligned movement'.
Swizerland have made money from banking and low taxation.
However, earlier this year had a massive increase in the Swiss Franc after its pegging to the Euro was removed.
Its caused considerable issues.
However to call the swiss isolationist is ridiculous.
madkiwi
Koffee please
and clearly that's not FINANCIAL FAIRPLAY.
(Although this makes me think of the sub-prime crisis where banks were lending to people who clearly couldn't repay their debt).
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
No it was anything BUT financial fair play.
Manipulating the Libour rate and Eurobour rate has meant that others acting legitimately (like consumers and businesses) may have lost money.
Its corruption of the worst order.
Thats why the UK banks were fined. They may have HQ in UK but they have major US businesses and most money circulates at one point through New York banks.
(if you run any business with international customers - you will know this and see 'senders charges' in the transaction chain at one point or other going through New York)
Its why the US government has so much power over financial markets.
But its understandable. They've fined their own banks too for their involvement.
UK gov has fined our banks for it.
I don't see anything wrong or any association with the Greek debt issue at all.
The Esk
Player Valuation: £70m
"No State or group of States has the right to intervene, directly or indirectly, for any reason whatever, in the internal or external affairs of any other State."
First of all being a creditor does not give you the authority to meddle in the affairs of a sovereign state, and secondly if you wish it to be considered an external affair, you will find that the declaration makes no distinction between internal and external affairs.
Switzerland arnt in it bizzaro as far i know might be wrong like
bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
After the great recession of 2008/2009 I doubt the international regime for regulation of the banks will ever be relaxed.
They almost destroyed the World Economy.
No government would ever now trust them to govern themselves. Free market economics of banks is alive but it will now always be free market economics with the regulators watching over them carefully economics.
Thats a separate issue to Greek debt.
The greek government lied to get into the Euro. Borrowed and borrowed and borrowed whilst in the Euro.
Didn't address tax evasion or corruption. Or ridiculous levels of benefits and civil service retirement ages that are nonsensical.
Then when the creditors began imposing conditions on them they decided they didn't like it
Throwing their toys out the pram.
Its utterly ridiculous, as far as I'm concerned greece's current government are selling a lie. They have no intention of staying in the Eurozone.
The only ones to blame here are the Greeks. particularly their governments of the past 40 years.
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