Greek Financial Crisis

[bizzaro]

So a government has to stand by all treaty obligations of previous governments?

Yes.

 

[The Esk]

Because they love this instability and virtual anarchy. There are some definite anarchists on this forum.

They thrive on this.

Fact is this uncertainty and the ability of one country to not fulfil it's treaty obligations is no good for anyone.

The anarchists don't care.

They just want to see everything burn.

From my own perspective I agree that instability and uncertainty are not good for the general population. However, it's not as if this should come as a surprise to anyone in the Eurozone. The fact is that the European institutions have pushed too hard.

It's a ludicrous negotiating position Europe finds itself in. How can you demand repayment beyond the means of a nation whilst demanding terms that can only further reduce the nation's ability to meet those repayment terms?

This is a hugely expensive evening for European tax payers and it's not solely the fault of the Greeks. The Troika have handled this so poorly and as a result the whole of Europe and Greece pays.

It's a temporary victory for the Greeks, the hope is that common sense prevails in the forthcoming negotiations.

 

[hullefc]

Yes.

And a government cannot overturn a treaty? Is that what you are saying?

 

[magicjuan]

https://truthandsatire.wordpress.co...-biggest-lie-you-are-being-told-by-the-media/

 

[mikewex]

And a government cannot overturn a treaty? Is that what you are saying?

Unilaterally no, thats why its called a treaty. They can, and of course do, break treaties by not abiding by them, but they can't legitimately just wander off without the agreement of the other party.

 

[hullefc]

Unilaterally no, thats why its called a treaty. They can, and of course do, break treaties by not abiding by them, but they can't legitimately just wander off without the agreement of the other party.

So it looks like the Greek people have just voted to not abide by the the conditions of the Troika. As other states have done in the past.

 

[sd_1992]

What about the ones that have and still live through it on a daily basis ?

People on here couldn't care less about the people who will lose everything on a move back to the Drachma, as long as the greek government sticks it to the troika certain people couldn't care less about the people on the ground...

 

[mikewex]

https://truthandsatire.wordpress.co...-biggest-lie-you-are-being-told-by-the-media/

That unfortunately is conspiracy mongering of the worst order. Genuinely if you believe the narrative that the worlds banks drove themselves to the edge of bankruptcy so Goldman could make a profit, there is no hope. The funny thing is, if you were to look at the equivalent tale of the big bad banks from the mid-2000's, it would all be Lehmans and Bear Stearns as well, both of which vanished utterly in the crash, along with Morgan which lost its independence. This sort of nonsense means nothing and helps no-one.

 

[mikewex]

So it looks like the Greek people have just voted to not abide by the the conditions of the Troika. As other states have done in the past.

Which is why they will probably end up leaving the Eurozone, the other side of the treaty.

 

[hullefc]

Which is why they will probably end up leaving the Eurozone, the other side of the treaty.

The Greek government have said they don't want to leave the Eurozone.

 

[edge]

Greece is so far removed at this stage from any of the required parameters of the EUR, its probably illegal either way.

More than likely right , uncharted waters the greeks have just sailed into

 

[marnie]

People on here couldn't care less about the people who will lose everything on a move back to the Drachma, as long as the greek government sticks it to the troika certain people couldn't care less about the people on the ground...

That's me screwed then !!!!

 

[mikewex]

The Greek government have said they don't want to leave the Eurozone.

You've lost me, I think we are on different pages. Are you saying that the Greeks can repudiate the Eurozone treaty obligations, but not repudiate the eurozone treaty benefits? Or are you talking about a different treaty.

 

[hullefc]

You've lost me, I think we are on different pages. Are you saying that the Greeks can repudiate the Eurozone treaty obligations, but not repudiate the eurozone treaty benefits? Or are you talking about a different treaty.

My original response was to bizarro who was on about treaties and obligations.

 

[magicjuan]

That unfortunately is conspiracy mongering of the worst order. Genuinely if you believe the narrative that the worlds banks drove themselves to the edge of bankruptcy so Goldman could make a profit, there is no hope. The funny thing is, if you were to look at the equivalent tale of the big bad banks from the mid-2000's, it would all be Lehmans and Bear Stearns as well, both of which vanished utterly in the crash, along with Morgan which lost its independence. This sort of nonsense means nothing and helps no-one.

Learn how to pick the pepper out the sh1te