Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
No, Russia did have funds, if taking care of military operation in the East in timely manner
( it wouldn't have been all that expensive,) but it refused to do so out in the open.
Europeans don't lose heart. There is another country staying in line instead of Greece, eagerly awaiting to join you.
Ukraine that is.
US isn't that dumb, orchestrating Ukraine coup, stirring up a war in Europe, and trying to crush Euro...good for the dollar, not so good for puppet European governments...but they got to do what they're told. Don't trust anything written in the Western media about Ukraine, it's a bunch of filthy, outrageous lies. And yes, CIA project "Ukraine" isn't heading in a good direction now, in fact full speed towards default, but Ukraine still thinks US and IMF will somehow bail them out--they might, this time, and their taxpayers are going to pay for this (a lot of these money is going to be stolen by new corrupt Ukrainian government). I had seen what really happens to IMF money and the fairy tales/kool aid they print in the Western media for suckers does not cover that. Right now, as "privatization"/looting of public Ukrainian property is under way, it's good to pump some more IMF money there, much will go through "new oligarchs" pockets and into buying these properties out for dimes, until the looting is complete. The dummies will be busy with "war" in the meanwhile.
The Greeks paid the American investment bank Goldman Sachs a lot of money to hide their true debt.
Oh please.
In 1997 all the Mediterranean European countries were pro-actively encouraged by the core Europeans for political reasons to engage in accounting tricks to meet the Maastricht requirements (which none did, and never did) in the run-up to the final decision on the euro. It was all upfront, screaming headlines on the front pages of the main European newspapers, certainly in Spain and Italy. There was nothing hidden about it.
Plenty of other people suggested a different path in terms of monetary arrangements, a core Europe and a peripheral Europe, for example.
Anyone with a lick of economic common sense (like the Swedes, Danes, Czechs and Poles, and add in the Norwegians and Swiss) knew that currency union on that geographically disparate extreme western edge of the Eurasian landmass, loosely called Europe, sometimes more sometimes less, was fragile.
A long shot, but perhaps the advocates of core Europe will be vindicated in the coming months and next couple of years ... at least in terms of monetary arrangements, while the EU could go on just fine and which is still a good idea, mainly because the alternatives are worse.
But as someone once said, money triumphs peace.
In any case, by tomorrow night we'll have a clearer idea of whether Charlemagne will decide to offer the Greeks:
i) debt relief as part of a bail-out type deal;
ii) default and euro exit, with some kind of humanitarian aid for some period of time, say 6-24 months;
iii) tell them GFYS and let them sink into the eastern Mediterranean (Athens is closer to Damascus than to Brussels).
Quite intriguing to compare the Greeks, who see absolutely no reason why they cannot go on spending far more than they earn, enjoying benefits that can't be justified, and relying on an infinite supply of credit on which to survive with the Brits.
Also facing gargantuan debt and with a very large budget deficit, the UK electorate has just elected a party committed to reducing said deficit, creating a surplus and making a start in paying off national debt within the lifetime of one parliament, by means of severe austerity.
Some folk are realistic, others simply are not. Maybe the weather does indeed have something to do with it.
One thing I don't understand, why do the Greeks need to withdraw money in order to buy food, medicine etc. They are not that underdeveloped that they don't have bank cards and bank terminals... The obvious answer of course is, tax evasion, but is there anything else to it?
It's amusing to watch and hear the pensioners complain that they can't get their money from the ATMs, when pensioners in other countries only get on average around 300 euros a month compared to 882 the Greeks get. They don't have the problem that they can't get their money from ATMs, they don't have any money to begin with. Now they are talking about humanitarian aid rofl. I have no sympathy for the Greeks. After feasting off of debt for over a decade, they have become so helpless that they don't know how to put up with hardship, just pathetic.
There has never been any talk of Greece leaving the EU. The discussion is about their membership in the European Monetary Union. It appears they will have to leave the EMU and adopt their own currency. Of the original members of the EU, the UK, Denmark and Sweden are not members of the EMU. They have retained their national currencies.
In 1997 all the Mediterranean European countries were pro-actively encouraged by the core Europeans for political reasons to engage in accounting tricks to meet the Maastricht requirements (which none did, and never did) in the run-up to the final decision on the euro. It was all upfront, screaming headlines on the front pages of the main European newspapers, certainly in Spain and Italy. There was nothing hidden about it.
Plenty of other people suggested a different path in terms of monetary arrangements, a core Europe and a peripheral Europe, for example.
Anyone with a lick of economic common sense (like the Swedes, Danes, Czechs and Poles, and add in the Norwegians and Swiss) knew that currency union on that geographically disparate extreme western edge of the Eurasian landmass, loosely called Europe, sometimes more sometimes less, was fragile.
The problem was that Greece went further than anyone else. The Germans, of course, turned a blinde eye and hoped for the best.
Poland and The Czech Republic both joined the EU in 2004. That was two years after the introduction of the physical euro. Both countries must adopt the euro in the future. Denmark and the UK are the only ones exempt from joining the eurozone.
Location: Northern Ireland and temporarily England
7,668 posts, read 5,260,330 times
Reputation: 1392
Quote:
Originally Posted by Frihed89
There has never been any talk of Greece leaving the EU. The discussion is about their membership in the European Monetary Union. It appears they will have to leave the EMU and adopt their own currency. Of the original members of the EU, the UK, Denmark and Sweden are not members of the EMU. They have retained their national currencies.
And thank goodness!
But then the Euro was a false hope for poor countries to try and boost their wealth. Evidently from current affairs it's clear as day that wealthy and poor countries being under the same currency does not work.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
