Thanks for your info Leonidas. No wonder both the Greek and German people are fed up with the austerity measures and bailout respectively. Whereas their fat bankers are, as we all would say, laughing all the way to the bank!
Let me clarify that 110 billion euros is funnelled from the taxpayers of Germany, or Europe, straight to the banks. That's right, the banks, who are more culpable than the Greek people in creating this crisis. But the banks never lose. The taxpayer covers their losses, just as the taxpayer never gets to share in their profits.
The EU won't allow Greece to default,not yet,the costs for the eurozone will be very high.The real crisis will come if Portugal-her debt was downgraded to junk status last week-, or Ireland and especially Spain and Italy get themselves into the same position. At some point the Eurozone won't be sustainable, and then all bets are off.
It's not just Greece which is in crisis here, it's the whole system of international finance and capitalism.
We are involved in the neo-liberalist endgame, and the Greek demonstrators offer hope that the outcome will be a more progressive and equitable society.
The other possible outcome, the logical extension of the corporate capture of the state in the interests of a tiny few and backed up by violent suppression of dissent, is fascism.
The question on everyone's mind ought to be whether this aid will really helping improve things ...... or merely postponing the inevitable default? Can Greece really be expected to be able to pay back the 110 billion Euros (assuming the figure mentioned in this report is correct)?
And then there's Portugal ..... and Ireland ..... and goodness knows who else ..... and this the EU that the Western Balkans wanna get inside??? Are the current EU masters (aka Berlin, Paris, London) are in any real mood to admit and add them to their list of wards, notwithstanding whatever soothing reassurance about enlargement coming from them publicly?
The EU seems to be turning into a nightmare -- for both the masters and lackeys within.
A thought just occured to me! Maybe the Greeks can embrace communism and turn to the Chinese to bail them out! That mammoth 110 billion Euros is probably peanuts to Beijing! Ha ha ha!
The question on everyone's mind ought to be whether this aid will really helping improve things ...... or merely postponing the inevitable default? Can Greece really be expected to be able to pay back the 110 billion Euros (assuming the figure mentioned in this report is correct)?
And then there's Portugal ..... and Ireland ..... and goodness knows who else ..... and this the EU that the Western Balkans wanna get inside??? Are the current EU masters (aka Berlin, Paris, London) are in any real mood to admit and add them to their list of wards, notwithstanding whatever soothing reassurance about enlargement coming from them publicly?
The EU seems to be turning into a nightmare -- for both the masters and lackeys within.
A thought just occured to me! Maybe the Greeks can embrace communism and turn to the Chinese to bail them out! That mammoth 110 billion Euros is probably peanuts to Beijing! Ha ha ha!
Let me clarify that 110 billion euros is funnelled from the taxpayers of Germany, or Europe, straight to the banks. That's right, the banks, who are more culpable than the Greek people in creating this crisis. But the banks never lose. The taxpayer covers their losses, just as the taxpayer never gets to share in their profits.
The EU won't allow Greece to default,not yet,the costs for the eurozone will be very high.The real crisis will come if Portugal-her debt was downgraded to junk status last week-, or Ireland and especially Spain and Italy get themselves into the same position. At some point the Eurozone won't be sustainable, and then all bets are off.
It's not just Greece which is in crisis here, it's the whole system of international finance and capitalism.
We are involved in the neo-liberalist endgame, and the Greek demonstrators offer hope that the outcome will be a more progressive and equitable society.
The other possible outcome, the logical extension of the corporate capture of the state in the interests of a tiny few and backed up by violent suppression of dissent, is fascism.
Thanks for your info Leonidas. No wonder both the Greek and German people are fed up with the austerity measures and bailout respectively. Whereas their fat bankers are, as we all would say, laughing all the way to the bank!
Let me clarify that 110 billion euros is funnelled from the taxpayers of Germany, or Europe, straight to the banks. That's right, the banks, who are more culpable than the Greek people in creating this crisis. But the banks never lose. The taxpayer covers their losses, just as the taxpayer never gets to share in their profits.
The EU won't allow Greece to default,not yet,the costs for the eurozone will be very high.The real crisis will come if Portugal-her debt was downgraded to junk status last week-, or Ireland and especially Spain and Italy get themselves into the same position. At some point the Eurozone won't be sustainable, and then all bets are off.
It's not just Greece which is in crisis here, it's the whole system of international finance and capitalism.
We are involved in the neo-liberalist endgame, and the Greek demonstrators offer hope that the outcome will be a more progressive and equitable society.
The other possible outcome, the logical extension of the corporate capture of the state in the interests of a tiny few and backed up by violent suppression of dissent, is fascism.
The question on everyone's mind ought to be whether this aid will really helping improve things ...... or merely postponing the inevitable default? Can Greece really be expected to be able to pay back the 110 billion Euros (assuming the figure mentioned in this report is correct)?
And then there's Portugal ..... and Ireland ..... and goodness knows who else ..... and this the EU that the Western Balkans wanna get inside??? Are the current EU masters (aka Berlin, Paris, London) are in any real mood to admit and add them to their list of wards, notwithstanding whatever soothing reassurance about enlargement coming from them publicly?
The EU seems to be turning into a nightmare -- for both the masters and lackeys within.
A thought just occured to me! Maybe the Greeks can embrace communism and turn to the Chinese to bail them out! That mammoth 110 billion Euros is probably peanuts to Beijing! Ha ha ha!
Thanks for your info Leonidas. No wonder both the Greek and German people are fed up with the austerity measures and bailout respectively. Whereas their fat bankers are, as we all would say, laughing all the way to the bank!
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