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SunSeeker

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5. Hopefully the creditors will come back with a more sustainable aid package now. nt

Reply to bemildred (Original post)

Sun Jul 5, 2015, 03:20 PM

Jul 2015

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Greeks defy Europe with overwhelming 'No' to bailout referendum [View all] bemildred Jul 2015 OP

Greece defiantly rejects Europe's bailout offer, Athens says bemildred Jul 2015 #1

Greece votes No bemildred Jul 2015 #2

I Salute the People of Greece! No to Austerity! Warren Stupidity Jul 2015 #3

The Latest: Thousands of Greek 'no' supporters celebrate bemildred Jul 2015 #4

Hopefully the creditors will come back with a more sustainable aid package now. nt SunSeeker Jul 2015 #5

Quite the opposite Morganfleeman Jul 2015 #11

Exactly... sendero Jul 2015 #51

To discourage Spain, Portugal, Italy? Then it is economic terrorism. candelista Jul 2015 #98

This is exactly what he meant, yes. Ghost Dog Jul 2015 #110

Isn't that what they used to call Yupster Jul 2015 #19

I don't think Greeks have "shown no willingness to ever pay it back." SunSeeker Jul 2015 #24

If they continue to spend more than they take in year after year Yupster Jul 2015 #28

Which is why they should quit taking bailouts that depress their economy and increase their debt, Vincardog Jul 2015 #30

I agree Yupster Jul 2015 #37

Well if they jail the biggest Banksters to set an example; maybe they will get it right. Vincardog Jul 2015 #41

how would that help? AllTooEasy Jul 2015 #63

People don't seem to understand that..... Historic NY Jul 2015 #67

It seems that their 1% don't feel like they have to pay taxes, either which is one of the reasons Cleita Jul 2015 #72

Thats the other part of the thing which is referred to as "sport" in Greece eveyone is in on it..... Historic NY Jul 2015 #80

Yeah, I know, but that's because of centuries of being robbed in taxation by various invaders Cleita Jul 2015 #81

One behavior, Igel Jul 2015 #91

The Banksters from ShittyBank helped them hide debt to enter the ECM. The Banksters forecd them Vincardog Jul 2015 #102

I heard it was Goldman Sacks. OnlinePoker Jul 2015 #107

Right it was Goldman. The point is it was the Banksters who created and profited from the situation Vincardog Jul 2015 #116

The reason they're taking in less and less is austerity is crashing their economy. nt SunSeeker Jul 2015 #31

So what crashed their economy before? Igel Jul 2015 #92

you don't understand the old maxim passiveporcupine Jul 2015 #32

He who hesitates is lost, but look before you leap Yupster Jul 2015 #42

But this isn't a business passiveporcupine Jul 2015 #46

That's fine, but if you borrow Yupster Jul 2015 #56

Humanitarian aid passiveporcupine Jul 2015 #61

I'm all for charity Yupster Jul 2015 #87

Use Iceland as your key as to what happens. safeinOhio Jul 2015 #65

Iceland doesnt or atleast it didnt recommend that Greece follow its example. cstanleytech Jul 2015 #96

They imposed austerity measures, but the economy shrank even more. JDPriestly Jul 2015 #40

Austerity is always going to hurt Yupster Jul 2015 #44

I agree to a point passiveporcupine Jul 2015 #49

The debt was run up by a corrupt government. JDPriestly Jul 2015 #52

I think we agree Yupster Jul 2015 #54

I agree. JDPriestly Jul 2015 #57

The Greek austerity can be compared to a alcoholic father who ran up $100K in credit card debt meow2u3 Jul 2015 #64

Sounds like they need to declare bankruptcy Yupster Jul 2015 #88

"Austerity" is people without medicine, heat -to pay off Banksters bread_and_roses Jul 2015 #115

the 2008 crisis caused us all problems. by 2010 Greece needed help magical thyme Jul 2015 #48

you said it passiveporcupine Jul 2015 #50

Yep. Third paragraph, second sentence...... socialist_n_TN Jul 2015 #83

Debt that cannot be repaid.. sendero Jul 2015 #53

in another pardigm... AllTooEasy Jul 2015 #68

This whole situation.. sendero Jul 2015 #75

True to a point but the debt does not need to grow much bigger itself if the lenders would agree to cstanleytech Jul 2015 #93

To keep their own banks solvent PaulaFarrell Jul 2015 #108

Unfortunately, now they will murder Greece economically, Kelvin Mace Jul 2015 #27

Maybe. But I bet not. Adrahil Jul 2015 #97

I thought that Tsipras pretty much already gave into the EU demands goldent Jul 2015 #105

I'll bet people and politicians in Italy, Spain, Portugal are paying close attention. Comrade Grumpy Jul 2015 #6

They are, but Greece doesn't have the money to pay for imports Yo_Mama Jul 2015 #18

They are. Jeff Murdoch Jul 2015 #60

That may not send the message they want. bemildred Jul 2015 #66

I can't help but note the difference. Deny and Shred Jul 2015 #69

Who thinks Italy, Spain, Portugal are anywhere close to the Greek situation? goldent Jul 2015 #103

Ireland, Spain, Portugal TACFIRE13 Jul 2015 #7

But, but, but... SoapBox Jul 2015 #8

Not sure what you're talking about Morganfleeman Jul 2015 #9

The poor bankers already got their money. That's why Greece is in debt jeff47 Jul 2015 #10

No Greece got the banker's money that's what the debt was. The banks got paid back by the Troika. PoliticAverse Jul 2015 #12

Nope. The Troika lent money to Greece to pay back European banks. jeff47 Jul 2015 #14

Greece was in debt to the bankers now they're in debt to the Troika, effectively the Troika PoliticAverse Jul 2015 #20

Pay the bondholders and CEOs Deny and Shred Jul 2015 #76

We have to think of the suffering hedge funders and banks. Greece may have forgiven Germany's WW2 LiberalArkie Jul 2015 #25

Germany's Gabriel says Tsipras has torn down last bridge of compromise Bosonic Jul 2015 #13

Greece may have to reinvent civilization...yet again. libdem4life Jul 2015 #15

Maybe Russia will be the cavalry Yupster Jul 2015 #21

It's definitely been mentioned...maybe not rescue, but heavily influence and encourage the other libdem4life Jul 2015 #26

Maybe they can trade port rights Yupster Jul 2015 #29

Interesting thought. That would also result in Russians living in Greece, as ports always do...kind libdem4life Jul 2015 #33

Russians are actually closer in culture to Greeks as the Russians derived much of Cleita Jul 2015 #82

That's true. The world is changing...I read the book Russka by Edward Rutherford...an amazing libdem4life Jul 2015 #84

That's what it's called, "Russka"? Cleita Jul 2015 #86

They had that arrangement Duckhunter935 Jul 2015 #106

Wasn't part of the deal with the Troika that Greece Could Not work out a gas pipeline Hestia Jul 2015 #89

It seems that the other members sadoldgirl Jul 2015 #16

It is a great day for the idea that a people can determine their own fate, by voting. bemildred Jul 2015 #17

Guts and backbone galore! CountAllVotes Jul 2015 #22

Good Luck with That! AllTooEasy Jul 2015 #79

Unless you believe in a dictatorship of the bankers......... socialist_n_TN Jul 2015 #85

Your analysis has merit. candelista Jul 2015 #100

"Working people all over Europe need to support the Greek struggle"...... socialist_n_TN Jul 2015 #101

I might say good, but where do they go from here? Cleita Jul 2015 #23

6 years of austerity has only made matters worse bluestateguy Jul 2015 #34

It never does. It has failed everywhere it has been tried. n/t Cleita Jul 2015 #73

They may have been better off to skip the voluntary austerity and go backrupt a few years back. goldent Jul 2015 #104

The BBC is going nuts with negative reaction � no pretense of objectivity. snot Jul 2015 #35

Yeah, hyperbole rules the day. bemildred Jul 2015 #38

Isn't a large part of the problem the interest on the loans? Alameda Jul 2015 #36

Biggest mistake the Germans made DonCoquixote Jul 2015 #39

I think Germany has made bigger mistakes than this Yupster Jul 2015 #47

And, electing Hitler president by over 90% of the vote! scscholar Jul 2015 #58

Well if one thing is going to make Merkel open her checkbook, Nye Bevan Jul 2015 #43

Ooof DJ13 Jul 2015 #45

The Latest: Tsipras Thanks Greeks for Making 'Brave Choice' bemildred Jul 2015 #55

If all debtors followed suit and just said "No," it would turn the world upside down. leveymg Jul 2015 #59

Well I think some debts should be paid and some should not. bemildred Jul 2015 #62

Not really Travis_0004 Jul 2015 #109

The Latest: Euro falls sharply on Greece referendum results bemildred Jul 2015 #70

PM Tsipras on NO Vote Win: Greece Returns to Negotiations Tomorrow bemildred Jul 2015 #71

So much for the polls that said it was too close to call. malthaussen Jul 2015 #74

I don't think they care about accuracy all that much. bemildred Jul 2015 #78

All I know is, I would like to have a job as a pundit. malthaussen Jul 2015 #111

Yeah, I could do that. bemildred Jul 2015 #112

In the final analysis... malthaussen Jul 2015 #113

Yah. And I notice who is making the news, and who is doing the catching up. nt bemildred Jul 2015 #114

Now Europe Must Decide Whether to Make an Example of Greece bemildred Jul 2015 #77

the big question is what does greece and europe do now rdking647 Jul 2015 #90

Seems like they need to renege on their debts Yupster Jul 2015 #94

that is the probable route rdking647 Jul 2015 #95

The austerity program was ill conceived Babel_17 Jul 2015 #99

This can be a disaster DonCoquixote Jul 2015 #117