The economical difficulties at the moment effect everyone but not everyone is wanting the same results. Regulation maybe what most ordinary people want but not for those making big money quick. We seem to have got into a situation where our politicians are not serving us but rather serving financial interests. Hence a poor situation for democracy. I have been reading this paper for the past few days. It makes suggestions on things which need to be done to regulate banking which is the main problem and along with that is the need for proper democracy. While political leaders are being funded by the rulers of finance all of us face the possibility of a future which Greece is facing now. We need to gain knowledge and be able to confront and the EU most certainly needs in the future if it is to survive to become much more democratic.
According to this paper at the moment politicians cannot solve the problem.
Here's the paper. If you have a few hours give it a read.
Last edited by alexa; May 11 2012 at 02:57 AM.
Our national bank is owned by the Rothschilds and so are the gold mines , regulation or not isn't an issue .
No it can not be any worst , the elders are telling me this is exactly how situation was after the civil war (1945) .
Eurozone means one thing : you can only borrow from the loan sharks and it doesn't matter if you are cooking the books like the Greeks or run a budget surplus like the Spanish sooner or later you will get robbed .
We don't need to get more loans , there are lots of offers to lease ports to the Chinese or receive oil for exchange of parking for the Russian fleet or even more simple tax the church ( the church owns half the country ) , priests are already stating that we should keep following the bail out deal
Last edited by mutmekep; May 11 2012 at 03:49 AM.
For what I've read, there is no possibility to form government. Good news. Because SYRIZA in the next elections will be the force more voted.
Also the Nazis will lose votes in this secound round.
It is time for Greece for a real change in policies, and let's see what's going on, then.
Property is theft. NO GODS, NO MASTERS. AGAINST ALL AUTHORITY. apt-get install anarchism
Economic Left/Right: -9.38
Social Libertarian/Authoritarian: -8.87
There is only one way out of this for Greece and that is for someone to drop a pair and cut the budgets. Stop reading the polls, ignore the protesters and do what is best for the country. The budgets will be cut in one of two ways: By political means or the hard way when the treasurery is empty.
'If Britain were Greece' http://www.bbc.co.uk/news/magazine-17202274
the thing I don't understand is how they are ever going to pay any debt back when I hear 3 in 4 shops are already closed. Without investment in jobs in some way, where is the way out for Greece..or anyone?
Also I think they would stand a better chance of getting money back if they weren't charged such high interest.
see proper size here http://www.bbc.co.uk/news/business-13798000
I do know that higher interest is always charged to those who might default but it seems to me that higher interest also causes default. Greece gets a loan and 3/4 immediately has to be given away in paying back another loan???
Basically this seems to be sending Greece back to the stone age and with no arrow pointing to a way out or end in sight. That I think is what makes people feel hopeless. Very easy to say, sitting in your safe job.
There are people who worked all their life and did pay taxes and now have had their pensions cut so they can hardly eat and yes, of course you are right, those with money will have moved it out. Another problem with today's lifestyle. You need also to remember that it is usually in the interests of everyone that one group of people are not allowed to fail. This always leads to trouble.
So, if even an end was shown. If even a way out was there. If even something was being put in that they could work for maybe it would be possible...but just getting poorer, no jobs today or tomorrow, how do you expect people to take this lying down? I think Syriza has said it wants to renegotiate the loan rather than necessarily defaulting. Maybe a way can be found to get people working again and a way can be found so that the children are still educated so that they will be able to provide for Greece in the future, and a way will be found so that those who worked all their lives can have enough money to eat and keep warm at the end. Sure make them pay but maybe at the moment without interest and how do you ever get any growth without investment. It is a genuine question. How are they supposed to get out of austerity or when you say they should 'drop a pair' are you meaning, they should accept being paupers for the next fifty or a hundred years? Of course people fear if Greece does this so may Portugal and Spain and even Ireland then the cards start falling for us all because of the interconnections of our loans. We're all just turning into the USofA. Food kitchens and the like. That seems to be the political move but the way out? No one seems to know it and that is what imo we should all be looking for. Then maybe Greece could bare it for the time being.
Last edited by alexa; May 12 2012 at 01:16 PM.
As I understand it nobody is going to throw Greece out of the Euro or the EU. What might happen is that the 'bail out' will be stopped if Greece cannot reach an agreement and is not prepared to continue on the 'austerity' course. That would leave Greece with no alternative but herself to leave the Euro...though there are some people who suggest it may not. There also seems to be some disagreement as to whether if she leaves the Euro she also leaves the EU but likely unless she chose to leave she will stay in.
It's very much untreaded water but it seems that for leaving the Euro, no one will tell her to leave but circumstances may make it the only possibility.
If we leave Eurozone we will also have to leave the EU yet there are no mechanisms to expel anyone from the union , Germany tried to remove decision making from countries outside the "financial order pact" but they failed miserably .
I don't understand how defaulting will send the country "back to stone age" , look the exchange rate of Bulgarian Leva ...
Greece has gold mines , nationalising them + the banks and tie currency to gold can be an option .
There is no future for us in Eurozone , going back to drachma could cause a couple of years of misery but we are already there for the last three and as we say here the wet doesn't fear the rain .
From what i read in international press looks like the establishment is realising that we are no longer lazy , tax evading bastards , it is maybe me but i think they fear a domino effect , fun times !
I still don't understand what would occur if Greece refused to voluntarily leave the Eurozone but also wouldn't do what the other nation's in the Eurozone wanted Her to do. A mild example would be not implementing austerity measures or less than the other countries wanted, a severe example would be printing a trillion Euros when the other countries didn't want them to do that. At what point would Greece's action justify an involuntary expulsion from the Eurozone? According to the post above by Great Dane if they did the severe example "They would get kicked out of the Euro." My quesion is how and by who? If no provision exists to expell a nation from the Eurozone could one be established? How and by who?
I'm pretty sure expulsion from the Eurozone wouldn't expell a nation from the European Union as several nations including the UK belong to the EU but not to the Eurozone. I would suspect that expulsion from the EU would probably automatically expell a nation from the Eurozone. Does any procedure exists for the EU to expell a member? If so what is required?