Deepcrush wrote:Damn, those shit heads just keep jumping in the quick sand don't they... 750b Euro's so that they can do what exactly? The EU puts up 150b and then looks to beg the rest of the world for five times what they're fronting?
Looks like the EU has gone the way of the UN in usefulness. So I'll pray they keep themselves in Europe and not annoy the progress inspired parts of the world.
Deepcrush wrote:A what point do we just write Greece off? Sure, they had their time in the spot light and played a role in history... But much like the rest of south eastern Europe it's being more trouble then it's worth.
Atekimogus wrote:On one hand I agree with you, no matter how much money they are pumping into them I cannot see them recovering anytime soon and I fear the spectre of greece going bankrupt will be used by some to do pretty much everything they want.
Atekimogus wrote:On the other hand I do pity them, because I doubt the common greece citizen on the street is really to blame for that debacle and since most of the debt they have was given by the rest of europe (mostly germany afaik) it seems a bit dishonest to loan and loan and loan them as long as there's profit to be made and then by SO surprised when they are neckdeep in trouble.
It's like those credit card companies which still send you their cards despite knowing that you need to pay for their cards with other credit cards already. Everyone knows it's just a matter of time before the big fuckup occurs but everyone is to greedy to say "stop, or is just a matter of time before you default on your debt".
Mikey wrote:The creditors may be tricky, but in the final analysis it's the responsibility of the debtor to analyze the debt load to which they are agreeing. If you take the money, you are innately agreeing to pay it back; it's AT LEAST as dishonest for a debtor to take on a load without intention, design, a/o ability to make recompense as it is to loan it to such a debtor.
Atekimogus wrote:Now call me a commie if you like but imho there is a huge requirement for thougher and stricter regulations on both ends, starting with bringing the elected officials to account if they screw up as spectacularily as in greece. Now I am not saying they should put the whole corrupt bunch in front of a firing squad................well, actually...yes, that is exactly what they should do...or better, take everything away from them and force them to life like the lower third of their own population.
Mikey wrote:You're not a "commie" - but, I hate to tell you, there IS a measure to hold the elected officials accountable. It's called the democratic/republican process. Think George Papandreou screwed up big-time? Well, so did Greece at large. End result? He's out of a job.
Deepcrush wrote:The problem for Greece is that constantly trying to bail them out, only to drive the rest of Europe into debt, then only to end up begging the G20 for money to keep bailing the rest of Europe out.
You just end up with the problems the US had under Bush Jr. Sometimes you just need to fold someone up and then start over again.
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