Greeks Reject Bailout Terms
nytimes.com
Greeks Reject Bailout Terms
1–10 of 412 posts
Re: Greeks Reject Bailout Terms
#2Here is a fairly detailed rundown of the situation:
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/05/7...
Re: Greeks Reject Bailout Terms
#3Fairplay to them, the whole point of the EU project was to make us all "Europeans" and to prevent constant disastrous fighting between states and people of the continent.
Sometime in the last 10 years many people and the media in the "core" countries got all smug and uppity towards those lazy "peripherals" and so on forgetting exactly why the project was started, overnight we stopped being "Europeans" and became "undustrious Germans", "smart and holier than thou Nordics", "lying Greeks", "lazy Spanish" and in case of my own little peripheral island country "reckless Irish".
Yeh :(
Re: Greeks Reject Bailout Terms
#4Effectively a vote of confidence in the greek government. If they do decide to leave the euro then they now have the political cover for it.
Re: Greeks Reject Bailout Terms
#5I really hope EU doesn't propose any more bailouts / help to them until they sober up and go through the withdrawal and all the grief stages.
Re: Greeks Reject Bailout Terms
#6The Greeks were getting a shitty deal, and knew they were getting a shitty deal. Good for them for decisively telling the Germans to get stuffed (who conveniently forget about their WWII related debts being forgiven).
Iceland demonstrated that it's possible to say no to perpetual debt peonage and go on to do well. If Greece has to leave the Euro, so be it. The Euro made sense as the Deutschfranc, but that's about it.
Re: Greeks Reject Bailout Terms
#7Fairplay to them, the whole point of the EU project was to make us all "Europeans" and to prevent constant disastrous fighting between states and people of the continent. Sometime in the last 10 years many people and the media in the "core" countries got all smug and uppity towards those lazy "peripherals" and so on forgetting exactly why the project was started, overnight we stopped being "Europeans" and became "und…
This might have been the cover story, but is VERY far from the actual reason the "EU project" exists.
As with all similar noble initiatives, the EU has much less to do with fairness and much more with power concentration (as is becoming exceedingly obvious).
Re: Greeks Reject Bailout Terms
#8Here is a fairly detailed rundown of the situation: http://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/05/7...
The uncollected tax receipts graphic is shocking: 89%.
No wonder they can't afford their spending.
Re: Greeks Reject Bailout Terms
#9Here is Bloomberg animation for european debt crisis:
https://www.youtube.com/watch?v=C8xAXJx9WJ8
I kept this in my bookmarks more than a year.
Euro is failed project by its core because monetary policy without fiscal polity doesn't work.
Re: Greeks Reject Bailout Terms
#10Fairplay to them, the whole point of the EU project was to make us all "Europeans" and to prevent constant disastrous fighting between states and people of the continent. Sometime in the last 10 years many people and the media in the "core" countries got all smug and uppity towards those lazy "peripherals" and so on forgetting exactly why the project was started, overnight we stopped being "Europeans" and became "und…
This might have been the cover story, but is VERY far from the actual reason the "EU project" exists. As with all similar noble initiatives, the EU has much less to do with fairness and much more with power concentration (as is becoming exceedingly obvious).
Calm the hyperbole :)
GP is right that the EU is the result of a long process that started with the goal of preventing another big European war. You are also right in that a large part of what is happening is a result of power politics.