/dev/null Posted July 11, 2015 Author Share Posted July 11, 2015 Greece's problem is by being in the euro they lost control of monetary policy. Imagine US if we couldn't lower rates ....almost to zero in our case....to drag us out of credit crisis. Good article on it: http://mobile.nytimes.com/2015/07/10/opinion/paul-krugman-greeces-economy-is-a-lesson-for-republicans-in-the-us.html So what happens if the Fed needs to lower rates again? Do they go negative which amounts to stealth wealth confiscation. If that doesn't work, then what? Bank bail-ins (aka deposit confiscation) like Cyprus? Link to comment Share on other sites More sharing options...
Deranged Rhino Posted July 11, 2015 Share Posted July 11, 2015 Goldman Sachs to be sued? http://www.independent.co.uk/news/world/europe/greek-debt-crisis-goldman-sachs-could-be-sued-for-helping-country-hide-debts-when-it-joined-euro-10381926.html Link to comment Share on other sites More sharing options...
meazza Posted July 11, 2015 Share Posted July 11, 2015 Goldman Sachs to be sued? http://www.independent.co.uk/news/world/europe/greek-debt-crisis-goldman-sachs-could-be-sued-for-helping-country-hide-debts-when-it-joined-euro-10381926.html I don't think Greece can afford the lawyers. Link to comment Share on other sites More sharing options...
unbillievable Posted July 12, 2015 Share Posted July 12, 2015 I can't believe how many leftist media outlets are laying blame exclusively on the banks for lending Greece money. It's almost like they forced the government to take the money without their knowledge. What's even worse is that this idea seems to be a popular one; from mortgages, and student loans, to credit cards, etc. Can someone explain to me how you can blame a lender and not the taker? Are people no longer responsible for their own decisions? Link to comment Share on other sites More sharing options...
Nanker Posted July 12, 2015 Share Posted July 12, 2015 Goldman Sachs to be sued? http://www.independent.co.uk/news/world/europe/greek-debt-crisis-goldman-sachs-could-be-sued-for-helping-country-hide-debts-when-it-joined-euro-10381926.html Is there no end to Jon Corzine's evilness? Link to comment Share on other sites More sharing options...
Deranged Rhino Posted July 12, 2015 Share Posted July 12, 2015 This sounds mighty familiar... Angry at demands, Greeks rail at German "humiliation" Greeks accused Germany of trying to humiliate them by making tougher demands for a new bailout deal, as the country's fate in the euro zone hung in the balance ahead of a meeting of European ministers in Brussels on Sunday. (snip) "What is at play here is an attempt to humiliate Greece and Greeks, or to overthrow the Tsipras government," Dimitrios Papadimoulis, Vice-President of the European Parliament and member of Greece's ruling Syriza party, told Mega TV. http://www.ekathimerini.com/199359/article/ekathimerini/news/angry-at-demands-greeks-rail-at-german-humiliation Link to comment Share on other sites More sharing options...
DC Tom Posted July 12, 2015 Share Posted July 12, 2015 This sounds mighty familiar... Angry at demands, Greeks rail at German "humiliation" http://www.ekathimerini.com/199359/article/ekathimerini/news/angry-at-demands-greeks-rail-at-german-humiliation Sounds like...the Ruhr Occupation in 1923? Link to comment Share on other sites More sharing options...
KD in CA Posted July 12, 2015 Share Posted July 12, 2015 I can't believe how many leftist media outlets are laying blame exclusively on the banks for lending Greece money. It's almost like they forced the government to take the money without their knowledge. What's even worse is that this idea seems to be a popular one; from mortgages, and student loans, to credit cards, etc. Can someone explain to me how you can blame a lender and not the taker? Are people no longer responsible for their own decisions? You'll notice the same people always blaming corporations for corporate influence in government. Cause you know, elected officials have no choice other than to take money from corporate donors and repay them with favorable policy. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted July 12, 2015 Share Posted July 12, 2015 You'll notice the same people always blaming corporations for corporate influence in government. Cause you know, elected officials have no choice other than to take money from corporate donors and repay them with favorable policy. It's not about choice. It's about doing the job you're paid to do. The ones who don't play ball aren't even allowed to run, let alone govern. Link to comment Share on other sites More sharing options...
Nanker Posted July 12, 2015 Share Posted July 12, 2015 Same as it ever was. Same as it ever was. Link to comment Share on other sites More sharing options...
/dev/null Posted July 12, 2015 Author Share Posted July 12, 2015 "What is at play here is an attempt to humiliate Greece and Greeks, or to overthrow the Tsipras government," Dimitrios Papadimoulis, Vice-President of the European Parliament and member of Greece's ruling Syriza party, told Mega TV. http://www.ekathimerini.com/199359/article/ekathimerini/news/angry-at-demands-greeks-rail-at-german-humiliation That's part of Greece's problem right there. Too many people with weird apadopalamoulous names or names with a seriously out of whack consonent-to-vowel ratio Link to comment Share on other sites More sharing options...
Recommended Posts