European calls for Greek contingency plans are nothing more than brinkmanship, believes John Laughland of the Institute of Democracy and Co-operation.
View full story
Seems that Iceland has figured out this economic holdup quite well. They refused to pay back back the banks and simply wrote off the debt. They restructured their economy and are doing quite well now. Of course, the media will not inform you of this, for who owns the media? LOL http://www.mone ymorning.com.au/2012 0227/the-lesson-from -icelands-economic-r ecovery-let-banks-go -bust.html
Greece needs to nationalise its banks, insurance and other financial holdings, prosecute the frauds, ease the debt burden on the poorest in order to stimulate the economy and stay with the Euro.
This nonsense about the Greek people causing the debt when the truth is that the euro-lenders, Greek banks, land speculators and a corrupt government officials created the debt; all based on US dollar loans produced by the huckstering of trading dollar.
In the last phase the Government bankrupted by the loans it had guaranteed to the Greek banks, did the euro-lenders offer to lend for the budgetary shortfall.
The Greek people have already paid for their insolvent banks, they should now take possession of these debts and use them to stimulate the economy rather than destroy it through austerity.
Greece should exit the EU. The people of Greece will get there Freedom and the cost that goes along with it. They will survive!The Greek People will then take care of the own Austerity, as most people do in their country. The bottom line is that the Austerity will also be shared by the investors that have invested in that country and they also have to bit the bullet.After all is this not what it is all about?Lets face it and be honest. All the money in the world will not bail out Greece, then Italy, Ireland, Spain etc. So they will be slaves forever trying to repay there bailouts. Actually it should be called the investments BANKS have made with OUR money. So Greece, declare BANKRUPTCY, get your freedom back and start anew.Get your country back! Show the World where democracy was born and thrives.
If the Greeks decide to leave the Euro they will have an extremely difficult time . What they are experiencing now will be nothing in comparison. They will be unable to import anything and the country will seize up. Within 3 months it will no longer be a viable country and will need emergency aid to stop starvation.
The Greeks should put up with the austerity measures or shut up and exit the Euro! Enough of their profligacy and sponging!
Let's hear the case for Germany! Back in 1998 before the euphoria of the birth of the EURO, the currencies of Greece, Italy and even France were so weak! Germany lent it's good name and credit-worthiness to the EURO dumping the strong Dutche Mark. Something many economists saw then, as foohardy! Well, up to 2005, the EURO did very well! The queues to join it swelled up. Other countries wanted to join the EURO not because of what they could bring to the table but what they could get out of it! This was typical of the Baltic States and other Eastern Europeans States! Excessive greediness of bankers coupled with the typical characteristics of a 'free' lunch mentality of countries like Greece, has now landed them in boiling water! German tax-payers have to endure austerity to save and pay for the frivolous wrecklessness of others. For how long would Angela continue to breast-feed so many orphans?
I wouldn't lend one Euro to people who sit around in cafes all day or retire at 55 with huge public sector pensions.
By posting your comment, you agree to abide by our Posting rules
Log in to comment in full, or comment anonymously under character-limit restriction.
To complete a registration check
A password has been sent to your email address
Retype new password
Euron your own: Europe prepares for Grexit
Global economy needs BRICS, Greece ‘dispensable’
Market Buzz: All eyes on EU summit
Greece’s banking industry secretly gets €100 billion
Could Geuro save Greece?
Greece could exit eurozone – IMF chief
Greece euro exit to hit Spain and Italy hardest – experts
© Autonomous Nonprofit Organization “TV-Novosti”, 2005–2013. All rights reserved.