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Javaman

(65,732 posts)

7. Greece is now the indentured servent of Europe...

Reply to MadHound (Original post)

Tue Feb 21, 2012, 09:57 AM

Feb 2012

Their economy will be permanently depressed.

They now will effectively become the workhouse of Europe.

They will make Europes cheap gewgaws as a way to "pay back" their "bailout".

This whole thing is a just a tragic comedy.

Europe borrows from Paul to Pay Peter. When Peter, borrowed from Paul earlier that same day.

They didn't just rearrange the deck chairs, they put them all in Greece, hoping no one will see.

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Highlight:

The stupidity of the Greek bailout [View all] MadHound Feb 2012 OP

Tax revenue is already in short supply - that's how they got here. Richardo Feb 2012 #1

And the people punished for it are conspicuously NOT the ones who made off with the money Scootaloo Feb 2012 #2

Not a Greek bailout. CAPHAVOC Feb 2012 #4

I won't waggle my finger if the Greek people decide to play banker pinata. n/t Scootaloo Feb 2012 #15

So firing people, or cutting their current wages is going to increase tax revenue how, exactly? MadHound Feb 2012 #3

I see you posting this often but never a link. TBF Feb 2012 #11

What is 40% of zero? CAPHAVOC Feb 2012 #18

That's not a link - and the point here is that this debt is being settled on the backs of the folks TBF Feb 2012 #19

Slower the better. CAPHAVOC Feb 2012 #5

i don't disagree overall, but "nor will these measures bring about debt relief"? try $100mm. unblock Feb 2012 #6

Greece is now the indentured servent of Europe... Javaman Feb 2012 #7

TPTB want them to be sharecroppers. hobbit709 Feb 2012 #8

Not so different from our own country ... nt TBF Feb 2012 #12

And the real crime is edhopper Feb 2012 #9

+1 xchrom Feb 2012 #10

Yup..it's all Smoke and Mirrors Owlet Feb 2012 #13

Will this deal get the CDS paper off the books? CAPHAVOC Feb 2012 #17

Feels like more 'Back to the future' nolabels Feb 2012 #14

It's all about protecting the Banksters "investments". Odin2005 Feb 2012 #16

Exactly. nt TBF Feb 2012 #20