Breaking news

Beirut twin blasts injure at least 5 - reports

Greece’s ruling parties suffer major setback

May 06, 2012 10:49

With 97 per cent of the votes counted in Greece’s crucial parliamentary elections, the two long-term ruling parties have lost support to anti-austerity parties. Analysts warn it could potentially endanger the country’s debt obligations.

View full story

Comments (8) Sort by: highest rating oldest first newest first

SPARKS7366 08.05.2012 17:13

Maple Leaf wrote in #7
Greece has been intimidated by the European Bankers and the International Monetary Fund long enough.  HAVEN'T WE ALL!!!!

+3

Undo

Maple Leaf 07.05.2012 00:56

Greece has been intimidated by the European Bankers and the International Monetary Fund long enough. 

+11

Undo

Wikipedia-------read 06.05.2012 19:14

Read Wikipedia - List of Countries by External Debt... You can see the EU, run by Germany, is creating a Fictitious debt creating game. The idea is to break all countries slowly and they end up under banks control dictated by Black Brussels. Another con most won't see before it's well too late.   

+14

Undo

da meek mouse 06.05.2012 15:14

the greek people should tell the EU bankers to shove the ficticious debt up the hole where the sun dont shine

+24

Undo

AussieJohn 06.05.2012 13:43

to: Nikos Retsos -------------------- --------The easiest way for Greece to get out of this debt is to stop repayments. Yes, it could be considered bankruptcy but so what. How many times has Ecquador been bankrupt? Bankers' greed is so great that they will start lending money again in a year or two. Just look at the interest rate that Greece is paying at the moment for its 10 year bonds - it's a staggering 20.57%! 6 weeks ago it was 37.5%!! The money that was lent to Greece by the Eurozone went straight into a special account which is strictly to make interest payments to foreign banks. Greece didn't get a cent of it for itself. Any businessman would declare himself bankrupt under such circumstances but the EU bankers are forcing Greece to make money for their huge coffers. The only way out is to say NO to these greedy zionist bankers who control Eurozone.

+10

Undo

Nikos Retsos 06.05.2012 12:50

The elections today will do nothing to change the socioeconomic conditions in Greece.  All politicians lied during the campaign  that "they were the ones only" to fix Greece. But that was pure demagoguery to get the votes, and they won't be able to deliver on their promises afterward.  Worse yet, the newly elected Greek parliament is expected to be more widely fragmented, and there will be plenty of political infighting among the parties on what to do to alleviate the Greek economy, but no much action.  Simply sated, Greece is not only broke and unable to do anything to stimulate its economy, but also heavily mortgaged to Europe and to the International Monetary Fund (IMF).  If i had to use an allegory to describe Greece today,  Greece now is like the mythical "Sisyphus," and its foreign debt is "the boulder."  It will take Greeks about a decade to push "the boulder," their foreign debt, over the top, and out of the cave!  Until then, they can only tighten their belts and rant.

A report on the Arab TV network Al Jazeera stated that the salary of Greek parliamentarians is  15.000 euros a month, and that is among the highest in Europe! IF that was correct,  the first thing the new parliament should do is to pass a new law reducing the salary of all parliamentarians by 50% !  If they don't, the Greeks should organize and kick all of them out in the next election.  And, honestly,  I believe there will be a snap election within 6 months, because the fierce political infighting inside the parliament won't change anything in the life of Greeks outside!   Nikos Retsos, retired professor    

 

+2

Undo

AussieJohn 06.05.2012 12:43

Greece needs a nationalist or military government who makes the needs of Greeks a priority. Greece has millions of legal and illegal migrants who milk its generous welfare system. If main payments were stopped to at least 1 million illegals, then the government would save €12 billion in one year!! Yet, there are several millions of parasites milking the system. If they were kicked out of the country then Greece would be out of trouble in no time without any austerity measures.

+9

Undo

unhik 06.05.2012 12:41

Greece doesn't need permission from Goldman Sachs or anyone else to be part of Europe. I hope the Greeks express their freedom and cast out those moneychangers who betrayed them.

+17

Undo

Add comment

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.

100 Text

– required fields

Register or

Name

Password

Show password

Register

or Register

Request a new password

Send

or Register

To complete a registration check
your Email:

or Register

A password has been sent to your email address

Edit profile

Name

New password

Retype new password

Current password

Save

Cancel

Follow us