Greek Financial Crisis

[The Esk]

Esk, are you saying we could be in for another 2008 bang.

I doubt it would be of the same magnitude, but potentially yes. The one difference is that the Chinese Government has almost unlimited amounts of cash to pump into the system should it need to do so.

 

[Toffeelover]

Back to the Greek business so it is fudge again all the way to the weekend, seems to me it may be best for Greece to be out of the Euro and possibly the EU so it can stand up and act independently.

It seems also to me to highlight an inherent weakness of the Eurozone in that it forced many Countries of quite different cultures, economies and peoples to converge when in reality they were very divergent. The Euro suite the likes of Germany but that cannot be said to be the same of the southern countries.

 

[The Cowboy]

Another reason to hate the Guardian:



Falling in behind the Greek media who acted in a criminal fashion to show one side of the referendum debate and howling on behalf of them that they're now being asked stiff questions about their disgraceful bias.

I think I hate the Guardian more than I hate the Sun.

Now I'm confused - I thought the Guardian was the commie paper of choice?

 

[edge]

I doubt it would be of the same magnitude, but potentially yes. The one difference is that the Chinese Government has almost unlimited amounts of cash to pump into the system should it need to do so.

The government has stepped in calling a halt to a lot of shares coming onto the market, very volatile there japan and possibly the USA to come, wonder if there scale of debt to the Chinese might have some affect?

 

[The Esk]

The government has stepped in calling a halt to a lot of shares coming onto the market, very volatile there japan and possibly the USA to come, wonder if there scale of debt to the Chinese might have some affect?

I mentioned earlier mate that any repatriation of funds by the Chinese will cause borrowing costs to rise in the US.

 

[edge]

I mentioned earlier mate that any repatriation of funds by the Chinese will cause borrowing costs to rise in the US.

Hope it settles down .
should be interesting day for the Greek's tomorrow when they put there plan forward,

 

[davek]

Another reason to hate the Guardian:

Our correspondent Helena Smith reports

Is the Greek media being one-sided or are bodies attached to prime minister Alexis Tsipras’ leftist-led administration deliberately trying to silence the press? In a country feeling the social spasms that come with economic free-fall, that is the question now being asked as prominent TV anchors faced investigation for allegedly favouring the ‘yes’ campaign in Sunday’s referendum.

Private channels (many owned by the oligarchal elite and other business interests) have been accused by the state-run media watchdog and the Union of Journalists and Athens daily newspapers (ESIEA) of purposefully cultivating a climate of fear and breaching electoral law in the run up to Sunday’s vote.

Nine anchors, household names in a nation now addicted to TV news broadcasts, have been told to appear before the disciplinary committee of ESIEA to answer allegations that the government-backed ‘no’ campaign was deliberately frozen out of programming. ESIEA’s governing board is now dominated by Syriza sympathisers; so too is the judiciary which has also launched an inquiry into the claims.

“In 2009 we missed the big story,” said Paschos Mendrevlis, who has been widely vilified for his commentary in the conservative daily, Kathimerini.

“We failed to see that the crisis was coming. Now journalists are asking the right questions, sometimes there is exaggeration but they are basically saying ‘look something is wrong, very wrong’ and for that they are being punished, deliberately hounded and silenced.”

The claims have lead to howls of protests that along with the economy democracy is now also at stake. Highlighting those concerns Kathimerini felt fit to write in its editorial today.

“The regime mentality that has evolved in certain centers of power is cause for grave concern and it is just a matter of time before it becomes a real threat to democracy and everything it holds truth.”

For its part, Syriza – many of whose members hail from the pro-Soviet KKE communist party – says it is being deliberated by the apparatus of a rotten political elite determined to oust the leftists from power.

Falling in behind the Greek media who acted in a criminal fashion to show one side of the referendum debate and howling on behalf of them that they're now being asked stiff questions about their disgraceful bias.

I think I hate the Guardian more than I hate the Sun.

http://www.thepressproject.gr/details_en.php?aid=79064

Something for the Guardian hacks to read as they launch into a defence of their criminal colleagues in the rotten to the core Greek media.

 

[SpurtingLesbian]

Another reason to hate the Guardian:



Falling in behind the Greek media who acted in a criminal fashion to show one side of the referendum debate and howling on behalf of them that they're now being asked stiff questions about their disgraceful bias.

I think I hate the Guardian more than I hate the Sun.

Nobody seemed particularly bothered by the one sided political onslaught against Scottish Independence. As always the press are free to choose, it's just by accident they all come down on the side of the Government who are mostly only there because of the whim of the Rupert Murdoch's of this world.

 

[hullefc]

http://www.thepressproject.gr/details_en.php?aid=79064

Something for the Guardian hacks to read as they launch into a defence of their criminal colleagues in the rotten to the core Greek media.

The Guardian can always be relied on to, in Tebbitt's words 'protect the establishment', when they have decided a certain figure, movement or government are not to the liking of the ruling class. They hide behind their 'liberalism' to put out the same crap as the rest of the media. Always the tailenders they never really expose the dirty deals of the British state. Amongst the general dross of their own political and social beliefs, the odd one or two articles are 'hard hitting' but very few and and far between. No wonder the general public have such a low opinion of journalists in general.

Humbert Wolfe knew a thing or two about British hacks when writing in the 1920s and 1930s. A time of unprecedented economic, social and political unrest when the establishment was threatened with upheaval.

Though his works are little read today, the following epigram from The Uncelestial City continues to be widely known and quoted:

You cannot hope
to bribe or twist,
thank God! the
British journalist.
But, seeing what
the man will do
unbribed, there's
no occasion to.

The Guardian is no better or worse than the rest. It is the sanctimonious pomposity, like the defence of the BBC, that the Guardian is 'different' that is galling. They feed the same bull as the rest maybe with bigger words and longer articles than the tabloids.

 

[orchard]

Jeebus, at least one can say that US devotion to democracratic values is thorough...
Europe should never have let the IMF into its territory, but the irony of this monetary horse isn't lost on me.

http://www.thepressproject.gr/details_en.php?aid=79064

Something for the Guardian hacks to read as they launch into a defence of their criminal colleagues in the rotten to the core Greek media.

 

[davek]

Nobody seemed particularly bothered by the one sided political onslaught against Scottish Independence. As always the press are free to choose, it's just by accident they all come down on the side of the Government who are mostly only there because of the whim of the Rupert Murdoch's of this world.

Loads were bothered, they just had no form of redress. At least the Government of the day in Greece have the power to order a judicial review of their attack dogs. Hopefully they shut these corrupt propaganda organs down until they set up a licensing arrangement for the Greek media to comply with. Over here the BBC should be shut down altogether. 93 years of Pravda-type backing for the British elite is long enough.

 

[SpurtingLesbian]

Loads were bothered, they just had no form of redress. At least the Government of the day in Greece have the power to order a judicial review of their attack dogs. Hopefully they shut these corrupt propaganda organs down until they set up a licensing arrangement for the Greek media to comply with. Over here the BBC should be shut down altogether. 93 years of Pravda-type backing for the British elite is long enough.

yeah It will be so much better when Rupert Murdoch owns the BBC along with the rest of the UK press....
UK politicians haven't worked out yet that the BBC is their only way to get out from being under Rupert Murdoch's thumb.

 

[davek]

The Guardian can always be relied on to, in Tebbitt's words 'protect the establishment', when they have decided a certain figure, movement or government are not to the liking of the ruling class. They hide behind their 'liberalism' to put out the same crap as the rest of the media. Always the tailenders they never really expose the dirty deals of the British state. Amongst the general dross of their own political and social beliefs, the odd one or two articles are 'hard hitting' but very few and and far between. No wonder the general public have such a low opinion of journalists in general.

Humbert Wolfe knew a thing or two about British hacks when writing in the 1920s and 1930s. A time of unprecedented economic, social and political unrest when the establishment was threatened with upheaval.

Though his works are little read today, the following epigram from The Uncelestial City continues to be widely known and quoted:

You cannot hope
to bribe or twist,
thank God! the
British journalist.
But, seeing what
the man will do
unbribed, there's
no occasion to.

The Guardian is no better or worse than the rest. It is the sanctimonious pomposity, like the defence of the BBC, that the Guardian is 'different' that is galling. They feed the same bull as the rest maybe with bigger words and longer articles than the tabloids.

Their role is to present some kind of cod 'progressivism' to 'prove' that the media in Britain is balanced. They're anything but, and the Guardian is right out in front of any onslaught of left wing opinion via its go-to commentators. http://www.counterpunch.org/2011/09/28/the-dangerous-cult-of-the-guardian/ The way they dealt with the Assange affair shows them up for what they really are.

 

[orchard]

Murdoch's just the facilitator.

yeah It will be so much better when Rupert Murdoch owns the BBC along with the rest of the UK press....
UK politicians haven't worked out yet that the BBC is their only way to get out from being under Rupert Murdoch's thumb.

 

[davek]

yeah It will be so much better when Rupert Murdoch owns the BBC along with the rest of the UK press....
UK politicians haven't worked out yet that the BBC is their only way to get out from being under Rupert Murdoch's thumb.

If it was controlled by Murdoch then at least it wouldn't have the veneer of respectability and authority that the BBC receives and which gives it the appearance standing outside of the fray as a 'neutral'. It isn't and never has been. It's the corner stone of the Establishment and it needs breaking up asap.