Παρασκευή, 28 Οκτωβρίου 2011

Eurozone crisis: Sarkozy says Greece was not ready to join euro


Είναι πολύ ενδιαφέρον να διαβάζει κανείς τις απαντήσεις των αναγνωστών μεγάλων ηλεκτρονικών εντύπων της Ευρώπης και να παίρνει μια γεύση από την εικόνα που έχουν στο μυαλό τους για την Ελλάδα και τους Έλληνες.....

He’s actually wrong. The euro was a currency with interest rates set to suit Germany and France – low. Their economies were stagnating. Greece, Ireland and the others in trouble had booming economies and needed higher interest rates, something like 7-7.5% percent. This would curb their borrowing and cool down their economies.
Before joining the euro Greece was a country with little debt and Ireland with almost none.
Germany though, encouraged countries like Greece to borrow with the euro’s cheap interest rates so that they may buy German goods.
Then the Greeks, who have the 2nd longest working hours of OECD countries next to South Korea, are slandered and libelled as lazy café lounging buggers. That’s a rich one coming from beer swilling Germans who appropriately sold the Greeks lopsided submarines.
So Sarko is wrong by only being half right, Greece should not have been allowed into the euro but neither should Germany or any other country. It’s a scam and always was and we’ll see what the next crisis brings.

Whether Greece were or were not ready to join the Euro is history. They are a member now and the country is more expensive for those that love to visit because of it. But we are where we are.
However, how on earth can an article such as this ignore the crookedness of Goldman Sachs in the what happened when Greece was moving towards the Euro? It really is quite an eye opener to understand how corrupt bankers behave.

The EU bent the rules to allow piss poor countries to join the eurozone to enlarge their empire..............

However, how on earth can an article such as this ignore the crookedness of Goldman Sachs in the what happened when Greece was moving towards the Euro? It really is quite an eye opener to understand how corrupt bankers behave.

I agree with you, but the bankers only do what they're allowed to. The real culprits are the political leaders, who are supposed to answer to us and who allowed their power to slip from their fingers. They have let themselves be bulied by finance leaders and lobbies when they forever claim to work for the good of the people. When you go and give your vote to either party you effectively endorse their meekness.

Well, I say Sarkozy was not ready to be President of France.

If you cut through the propaganda (faithfully, and uncritically reproduced by Guardian "Journo's. Remember when Journo's used to ask politicians to explain why they said what they said?) what's actually happened here is that seemingly unaccountable political representatives of the global banking industry have been allowed to 1trillion Euros of future tax revenues!
And this is only the first tranche - there will have to be more - this is not enough.
Sarkozy, Merkel etc have nothing but contempt for the ordinary people of Europe, especially when they try to suggest that "It was an error because Greece entered with false [economic] figures......."
The asset values of every major bank in the world are a complete fiction...... but that's alright.......that doesn't count. It was this damn feckless Greeks wot 'caused all this.
Used to be that the Market was part of life........without a doubt, life is now part of the market.

I've lived in Greece and know their tax system is rubbish. The Greeks hate paying taxes and will do all they can to get out of it and the Taxmen aren't that good at collecting.
This is an example of my experience whilst there (my old boss).
Taxman to Greek "you owe the government 5,000 euros" 
Greek to Taxman "I make it 1,500 Euros"
Taxman to Greek "Write the cheque out for 2,500 euros"
Greek to Taxman "done"
If a family build a bungalow and leave the construction unfinished on top, as if to build another story, they didn't have to pay housing tax for an unfinished porperty. 
They can then add another storey at a later date for the newly married son or daughter to live in, then as long as they leave the top with a roof but 'unfinished' neither familes had to pay council tax. 
Years of tax avoidance hasn't helped the country's situation, nor did joining the euro.



Greece was not ready to join euro
Is there anyone who thinks it was?

The problem is would Greece have reformed either way? With the Drachma they could just convieniently devalue their currency every few years, now that is no longer possible and they have to actually reform their economy and bureaucracy. Same for every other country that claims to be better off with their own currency. Maybe even the UK...



the guardian



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