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Open Letter from Syriza Leader to German People
Comments
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The year before the EUR became reality only the U.K. and Denmark actually qualified to join, and they both didn't.
P.S. It's DEM not DM
Correction it was DEM. It isn't anything now. And in any case, using DM as an abbreviation for deutschmark is (in my opinion) was always perfectly accceptable unless you were a currency trader. After all, it's not like you didn't know what I meant.:)0 -
That's what will happen. Because that was what was going to happen anyway.
If I had to bet on one, I'd bet on that.
Saves face for the Greek PM, allows devaluation of the debt over time in real terms, isn't going to get Merkel in too much hot water politically at home.
Question is can it be done with sufficient impact that alleviates austerity to a degree that will enable growth.
Without that, the Greek govt falls and we're back to square one.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Thrugelmir wrote: »At least is opening up a real debate as to what the people want the Eurozone to be. Rather than being spoon fed by an unelected elite.
I agree it's forcing a debate that needs to happen. I think it shows the EU is still along way off the goal of a united Europe.
Closer fiscal union will happen, it's just a question of when. When things settle down it'll be presented as a way to prevent a recurrence of what is happening now.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
He's lying though. Renegotiating your debts requires the consent of the creditor. In the end he will be left with the option to default or not. I guess he will default and Greece will be thrown out of the Eurozone and he will blame the Germans.Oddly enough, Tsipras has ruled out the option of "defaulting and leaving the eurozone". Doesn't that leave "sticking with the current plan" as the only option?Changing the world, one sarcastic comment at a time.0 -
C_Mababejive wrote: »I do not owe anyone anything so why is Government trying to smear me with some of their debt?
It's a good job you don't make use of any services provided, or funded, by government like roads, benefits, healthcare, rail travel etc because if you did then you'd look completely deluded...Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
HAMISH_MCTAVISH wrote: »If I had to bet on one, I'd bet on that..
Me too.HAMISH_MCTAVISH wrote: »..Saves face for the Greek PM, allows devaluation of the debt over time in real terms, isn't going to get Merkel in too much hot water politically at home..
Mind you, there isn't going to much in the way of devaluation of the debt over time in real terms in the short term. Not with the current Eurozone deflation.HAMISH_MCTAVISH wrote: »...Question is can it be done with sufficient impact that alleviates austerity to a degree that will enable growth.
Greek austerity is inevitable. Given that the Greek standard of living was previously dependent on their government spending money that it didn't have, it was bound to fall once their government could only spend the money that it had.HAMISH_MCTAVISH wrote: »....Without that, the Greek govt falls and we're back to square one.
The current Greek government is bound to fall anyway. And we will be back here again sometime soon.0 -
He's lying though. Renegotiating your debts requires the consent of the creditor. In the end he will be left with the option to default or not. I guess he will default and Greece will be thrown out of the Eurozone and he will blame the Germans.
A politician lying? Say it isn't so!:)
Of course, bear in mind that you can begin with Karensky and end up with Lenin.0 -
Can we have him over here for our PM? - he speaks truthfully and direct, which we need on the eve of the 'pledge' marathon!!0
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The greek people weren't forced to accept the bail out. They could have defaulted on their loans at the time. They now have the choice of defaulting and leaving the eurozone or sticking with the current plan. I do wish they would stop moaning about it though. Pretending they were forced into anything is a lie. They took their choices before and have to live with the consequences.
What choice did the greek people actually have?
It's a bit like suggesting its the choice of the UK people to be in the EU.
How do we know though? We haven't had a say for nearly 40 years.
I don't believe Greek people got a say on any of the bailout loans or the terms of them.0
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