General Discussion

ljm2002

(10,751 posts)

29. I get it.

Mon Jul 27, 2015, 11:16 AM

Jul 2015

You want to continue to punish the Greek people until their economy is 100% wrecked and they are forced to sell all of their valuable assets, the things that could actually bring money into the country.

The real question is, what to do with the situation now. And the answer that you and others come up with seems to be, punish those who had the least to do with it, while allowing the movers and shakers and the well-to-do to continue with their own lavish lifestyles and suffer ZERO consequences. Have you heard about anyone going after the architects of Greece's initial deception? No? Me either.

Please spell out your answer to how Greece will be able to pay back the new loan. If they already CANNOT pay the current debt (as the IMF has stated), then how is going further into debt going to help? Continuing austerity measures only weakens their economy, further eroding their ability to generate money to repay the loans; and the loans do nothing, nada, zero, zilch for the Greek economy. They go directly to the banks so they can continue to pretend they are 100% covered -- i.e., to falsify their real standing.

Disaster capitalism, coming soon to a country near you.

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32 replies

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The Crisis In Europe Has Only Just Begun [View all] marmar Jul 2015 OP

Greece has lied to EU about its finances since the year 2000. DetlefK Jul 2015 #1

Those poor, lying Greeks. Have you no sense of compassion?? randome Jul 2015 #2

Oh here we go again... ljm2002 Jul 2015 #3

1. I have no idea why they chose austerity as a strategy. DetlefK Jul 2015 #6

Again: Any debt that CANNOT be paid... ljm2002 Jul 2015 #7

It was Greece that asked Goldman Sachs for help! DetlefK Jul 2015 #9

First idea: ljm2002 Jul 2015 #10

The exchange is pointless because you aren't willing to admit that the Greek people caused this mythology Jul 2015 #13

I don't believe for an INSTANT that the "Greek people" caused this... anymore than "I" caused OUR PassingFair Jul 2015 #16

. ctsnowman Jul 2015 #19

Because saying something was widespread means literally all? mythology Jul 2015 #27

You must have missed this part of my post: ljm2002 Jul 2015 #17

Second idea: Don't give Greece any f**king money. DetlefK Jul 2015 #15

And yet... ljm2002 Jul 2015 #18

So, which German bank do you work for? KamaAina Jul 2015 #24

The big shadowy one with an island lair shaped like a skull. DetlefK Jul 2015 #28

Oh, that's just too good! randome Jul 2015 #30

That doesn't narrow it down a whole lot. KamaAina Jul 2015 #32

Another principle of finance: cemaphonic Jul 2015 #22

Apparently we're supposed to either forget that part or assume that mythology Jul 2015 #12

You mean, "The Greek elites wanted a lifestyle... ljm2002 Jul 2015 #20

Greek pensions started earlier than other countries mythology Jul 2015 #26

I get it. ljm2002 Jul 2015 #29

Comparing nations to your friends is a great indication that you should be ignored Taitertots Jul 2015 #4

But the EU still has to work with the numbers Greece provides to them. DetlefK Jul 2015 #5

"Trust"? The pseudo-moralist position has no basis in reality. Taitertots Jul 2015 #8

Why help Greece in any way if you can't trust it? DetlefK Jul 2015 #14

Were the numbers falsified? ljm2002 Jul 2015 #21

Oh, they were falsified before Goldman Sachs ever entered the stage. DetlefK Jul 2015 #23

The Greeks upheld austerity when they refuse to reign in corruption and their tax evaders. kelliekat44 Jul 2015 #11

Unbalanced? Selfish? randome Jul 2015 #25

I'll throw in some naive questions/observations... Eleanors38 Jul 2015 #31