Greek Financial Crisis

[TheFinnFan]

Ah, but you first need to identify which is the rotten limb.
Austerity. "There is no alternative" - has a familiar ring.
*spits

it's actually money union. it's not european union. sad mess.

 

[JammyP]

What about the rest of the money? Well, it went to the country’s banks and foreign creditors, mostly French and German banks. In other words, more than 80 per cent of the bailout funds were used to bail out, either directly or indirectly, the financial sector (both Greek and foreign) – not the Greek state. In the process, the overwhelming majority of Greek government debt was shifted from the private sector to the public sector, with other eurozone governments now liable for around 65 per cent of Greece’s debt (and another 20 per cent in the hands of the ECB and IMF)".

When we go to the bank, they charge a rate of interest which allows for some loans to go bad. If I work for someone and they don't pay me, it is my problem. If a bank lends to a country and they don't get paid back, the bank gets bailed out. In the UK the bailout of our banks who bought rubbish mortgages in the US is the justification for a decade of cuts in public spending. Something in this whole lot stinks, and it is not the present Greek govenrment.

 

[edge]

few mentioned Goldman and Sachs a few pages back the Greek government threatening to sue them this morning over dealing in 2011, think it was only heard a bit on the radio.

 

[hullefc]

few mentioned Goldman and Sachs a few pages back the Greek government threatening to sue them this morning over dealing in 2011, think it was only heard a bit on the radio.

Greek debt crisis: Goldman Sachs could be sued for helping country hide debts when it joined euro

Edit. Former Labor Secretary Robert Reich: People Seem to Forget that Greek Debt Crisis Engineered by Goldman Sachs

 

[edge]

Greek debt crisis: Goldman Sachs could be sued for helping country hide debts when it joined euro

Edit. Former Labor Secretary Robert Reich: People Seem to Forget that Greek Debt Crisis Engineered by Goldman Sachs

right can of worms they have opened up there

 

[hullefc]

right can of worms they have opened up there

Could be one of the reasons the US are calling for a debt write off.

 

[Joey66]

Could be one of the reasons the US are calling for a debt write off.

Scared of the right wing fascist party getting in - if the exit Europe may link up with Putin, Greece have a military army with weapons hence the debt!

 

[peteblue]

 

[hullefc]

Scared of the right wing fascist party getting in - if the exit Europe may link up with Putin, Greece have a military army with weapons hence the debt!

The US don't have a problem with right wing fascists, like those in the Ukraine, being in power. A major reason the US are wanting a debt write off is because Syriza have already made overtures to Russia, as the major financial force in BRICS, for loans.

 

[Whistlin' Dixie]

few mentioned Goldman and Sachs a few pages back the Greek government threatening to sue them this morning over dealing in 2011, think it was only heard a bit on the radio.

I'll believe it when they're successfully prosecuted & not before. The nearest thing to untouchable, that shower. Them (Goldman Sachs), JP Morgan & Halliburton.

Oh, and the royals.

 

[magicjuan]

The US don't have a problem with right wing fascists, like those in the Ukraine, being in power. A major reason the US are wanting a debt write off is because Syriza have already made overtures to Russia, as the major financial force in BRICS, for loans.

Ever remember a drama from years back called A Very British Coup?

 

[magicjuan]

I'll believe it when they're successfully prosecuted & not before. The nearest thing to untouchable, that shower. Them (Goldman Sachs), JP Morgan & Halliburton.

Oh, and the royals.

You're basically talking about a group of likeminded people in power serving their own interests at the cost of others.

If you use the terms New World Order or Illuminati or such everyone considers the information to be that of a nutter or crank. But time and again stuff pops up to show there is a minority cabal who appear to be pullingvthe strings above everyone else. So everyone watches corrie instead...

 

[edge]

I'll believe it when they're successfully prosecuted & not before. The nearest thing to untouchable, that shower. Them (Goldman Sachs), JP Morgan & Halliburton.

Oh, and the royals.

true the bastards, not arsed about the royals they didn't choose to be like that just born in the wrong lizard brood

 

[Whistlin' Dixie]

true the bastards, not arsed about the royals they didn't choose to be like that just born in the wrong lizard brood

Which to me is like saying: "I hate ringworm - but I'm not arsed about scabies, they didn't ask to be scabies"

Parasites is parasites. If they don't want to be royal & have all the luxuries that go with it, then they should relinquish everything.

 

[Joey66]

The US don't have a problem with right wing fascists, like those in the Ukraine, being in power. A major reason the US are wanting a debt write off is because Syriza have already made overtures to Russia, as the major financial force in BRICS, for loans.

Fine but Putin has held talks with the Greek PM!