tag:blogger.com,1999:blog-2367410352443029598.post1361440903701885831..comments2023-10-19T06:28:13.374-06:00Comments on ARIS DESLIS:ΜΙΑ ΖΩΗ ΑΓΩΝΕΣ ΓΙΑ ΤΗΝ ΕΛΛΑΔΑ: What if Greeks Decide They Don't Want to be Rescued?Μια Ζωη Αγωνεςhttp://www.blogger.com/profile/01247435359217246598noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2367410352443029598.post-17834629673296451322011-06-17T04:35:54.830-06:002011-06-17T04:35:54.830-06:00The article states, "But the more Greeks beco...The article states, "But the more Greeks become convinced they can go it alone the better the deal the EU would have to serve up to prevent them from doing so."<br /><br />Such view is indeed a long shot. Actual figures involved in bailing out Greece are not of such nature any other sovereign state should like to have on their books. If in doubt, ask to Goldman Sachs. General sentiment is to let Greece go. It is for this reason that there is no consensus on intervention and ongoing strikes are helping to firm the position to let Greece go.<br /><br />Greece will have to do more in terms of austerity and commit to the abondonment of historical culture of default in order to attract interest from other EU governments. Ongoing strikes do not suggest that this feasible. Greece is already and suggests to be a perpetual thorn in the foot for EU governments. Unfortunatley, the doctoring of accounts so as to join the EU was wrong. In fact, Greece should not have joined to such time they were financially ready to do so. The doctored accounts are also the centre for lack of consensus, in what the Germans should not like to get involved with alone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2367410352443029598.post-60001189430761885152011-06-17T04:34:55.094-06:002011-06-17T04:34:55.094-06:00I am not sure if Greece could leave the Euro witho...I am not sure if Greece could leave the Euro without leaving itself and Europe in tatters, but they could use the threat of leaving to get more favourable terms as this post here explains.<br /><br />http://dismalpoliticaleconomist.blogspot.com/2011/05/omg-how-greece-could-leave-euro.html<br /><br />Also the solution offered here was not serious, but is starting to look more serious every day.<br /><br /><br />http://dismalpoliticaleconomist.blogspot.com/2011/06/germany-to-purchase-greece-in-first.html<br /><br />It seems like the U. S. and Europe are facing twin crises with no good solution in sight.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2367410352443029598.post-85609436022174787722011-06-17T04:33:07.089-06:002011-06-17T04:33:07.089-06:00I suspect Greece is actually in the position of sa...I suspect Greece is actually in the position of saying wait a minute to the IMF and ECB, I owe you so much money and if you hope to get return on your lent euro, then lets play ball more fairly, or we will take our gloves and bats and go home, because what is the worst that can happen, foreclosure, repo city? Not. They'll go home start printing the new drachma and suffer through hyper inflation and a barter economy. A little bit worse than whats going on now, but Greece will be controlled by Greeks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2367410352443029598.post-57414068782984496492011-06-17T04:31:57.963-06:002011-06-17T04:31:57.963-06:00The problem in Greece looks somewhat like the cons...The problem in Greece looks somewhat like the consumer credit problem. When she joined the Euro zone, credit became available almost for free. Politicians did not resist the temptation to borrow heavily and the debt built up. The more conditions are placed now for further financing, the worse will be the prospects to get out of this immense mess. Blaming them for past mistakes may make you feel good but does not solve the problem. European politicians are afraid because of the possible repercussions on their banks. To hell with them - they are part of the problem.Anonymousnoreply@blogger.com