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rdking647

(5,113 posts)

36. greece is fucked no matter what they do

Sun Jan 25, 2015, 05:43 PM

Jan 2015

no matter what they have austerity coming.

i think if they default on their debt they will be in for a shorter but deeper world of hurt.

what they may want to try is this
1. return to the drachma. this will lead to a SEVERE economic collapse at least for the short term. they would have to run a balanced budget for a few years until the world forgives then and is willing to loan them money again. (look at countries like argentina that are serial defaulters)
2. at the same time (and this would have to be a surprise) they should seize the bank accounts of anyone in greece with more than x in them . use that money to help fund teh government until they regain their footing. they could seize the accounts and turn them into iou's payable at some later date

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Breaking: Greece Exit Poll Projects Radical Left Anti-Bailout Syriza Party Winning Election [View all] Hissyspit Jan 2015 OP

Gold Dawn what happened ? People don't have enough $ to buy your hate ! lunasun Jan 2015 #1

far right is not very popular Duckhunter935 Jan 2015 #3

Wish them the best nt Duckhunter935 Jan 2015 #2

Note how they are called the 'radical left wing party'? louis-t Jan 2015 #4

I guess you are "radical" when you don't like unelected bankers running your country for you. n/t pa28 Jan 2015 #8

+1 lunasun Jan 2015 #11

The left is always "radical left," "far left," "exteme left," or some combination. merrily Jan 2015 #29

They have had alliances with Golden Dawn. Not sure this is a good thing. nt stevenleser Jan 2015 #30

Links? MFrohike Jan 2015 #39

Here are a few, they are working with right wing Golden Dawn and Independent Greeks stevenleser Jan 2015 #43

Hrm MFrohike Jan 2015 #46

To be fair MFrohike Jan 2015 #38

Exit polls suggest that that Syriza is likely to get between 146 - 155 in the 300-seat parliament bemildred Jan 2015 #5

Getting ready for the bankers safeinOhio Jan 2015 #6

And they are against Russia sanctions... I bet some want the old times of military dictatorship back jakeXT Jan 2015 #9

This message was self-deleted by its author nxylas Jan 2015 #15

Their anti-austerity platform should be championed by every left-wing party in the West. nt Ykcutnek Jan 2015 #7

You would think. Hissyspit Jan 2015 #19

Seven years of misery with no end in sight. wolfie001 Jan 2015 #10

Excellent! If the bankers want/need more money... KansDem Jan 2015 #12

Rec before lock Stephen Retired Jan 2015 #13

As long as Greece is on the Euro, there isn't much they can do to stop austerity FLPanhandle Jan 2015 #14

Austerity is to be resisted by common people everywhere Jack Rabbit Jan 2015 #16

Or, they could just keep "looking forward." How much you want to bet that nothing really changes??? blkmusclmachine Jan 2015 #32

"Looking forward" is right wing code for "not looking" Jack Rabbit Jan 2015 #34

wish we could do the same in this hellhole of a country Ramses Jan 2015 #41

Why can't we? Jack Rabbit Jan 2015 #42

Doesn't seem right that support from 35 percent iandhr Jan 2015 #17

I think they need 39-40%, and it was higher in the past but I'm not sure jakeXT Jan 2015 #21

Message auto-removed Name removed Jan 2015 #18

LOL. I see the AP's style book has been properly updated: "Radical Left Anti-Bailout" (now changed) PSPS Jan 2015 #20

Remember way back when Gore polled above Bush? And Kerry polled above Bush? valerief Jan 2015 #22

There is a difference.. sendero Jan 2015 #37

So what if it's obvious? What's gonna happen? Nothing! Not in this corrupt country. nt valerief Jan 2015 #45

Official projection: 36.5% of vote, 149-151 seats (right at the point of governing without partners) muriel_volestrangler Jan 2015 #23

Highly recommend. K&R Jefferson23 Jan 2015 #24

Can someone explain how Syriza is going to pay for a non-austerity policy? brooklynite Jan 2015 #25

I'd see if I could extort more money from the banks first. bemildred Jan 2015 #27

Indeed, pretending is important for balance sheets and profit statements. n/t PoliticAverse Jan 2015 #31

They say they intend to renegotiate loans at a more favorable level and if that fails... stevenleser Jan 2015 #44

Weren't thay talking about leaving the Euro? RandySF Jan 2015 #26

It's really their only option FLPanhandle Jan 2015 #28

Interview with future finance minister reorg Jan 2015 #33

Latest official projection: 149 seats, with 67.75% reporting muriel_volestrangler Jan 2015 #35

greece is fucked no matter what they do rdking647 Jan 2015 #36

Excellent. Ramses Jan 2015 #40

Leftwing Syriza partners w/ racist, xenophobic, homophobic rightwing party shira Jan 2015 #47

French far right rooting for hard-left Syriza in Greek poll shira Jan 2015 #48

France's far-right Marine Le Pen backs radical left Syriza in anti-EU populist union shira Jan 2015 #49

"Radical Left"? BigDemVoter Jan 2015 #50