tag:blogger.com,1999:blog-2546602206734889307.post4165434824214929332..comments2024-03-28T04:29:22.717+00:00Comments on mainly macro: Lessons from the Greek tragedy unlearntMainly Macrohttp://www.blogger.com/profile/09984575852247982901noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2546602206734889307.post-43801178756242481502018-09-19T15:09:46.473+00:002018-09-19T15:09:46.473+00:00Correction to my preceding post -- in fourth line ...Correction to my preceding post -- in fourth line from bottom the number should have been 9 rather than 19.wotanhttps://www.blogger.com/profile/15623961193704022073noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-61751665208289129752018-09-19T12:48:17.661+00:002018-09-19T12:48:17.661+00:00I don't see anyone but the voters in the eurol...I don't see anyone but the voters in the euroland being stupid. The banks were not stupid, their loans were paid. The elite wasn't stupid, their welfare and revolving doors are doing just fine. They may be a bunch of racist sociopaths, but stupid people aren't amply rewarded for it.Paulo Marqueshttps://www.blogger.com/profile/07069635412786072554noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-71902356098951908052018-09-15T15:27:58.803+00:002018-09-15T15:27:58.803+00:00The EU is a political and economic union while the...The EU is a political and economic union while the Eurozone is a monetary union. They are connected but not the same. James Peachhttps://www.blogger.com/profile/08757077858988493833noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-1974535209048210872018-09-04T22:02:56.992+00:002018-09-04T22:02:56.992+00:00Thanks simon,
I have highlighted this post at my ...Thanks simon,<br /><br />I have highlighted this post at my modest blog.<br /><br />As I say there are people with blood on their hands. What makes this worse any idiot should have known what would have occurred when these policies hit home.<br /><br />An utter disgracenot trampishttps://nottrampis.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-61746385849300265702018-09-04T09:24:15.603+00:002018-09-04T09:24:15.603+00:00What was done to Greece was intolerable but is thi...What was done to Greece was intolerable but is this not a lesson for us all? I wonder if we should not believe politicians who promise but have no hope of delivery! Are electorates in general not guilty of being gullible? Depending upon our elites to make all the decisions and allowing them to much unquestioned power?<br /><br />Mpchttps://www.blogger.com/profile/16392075307395207908noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-71625094678864650892018-09-03T11:38:38.211+00:002018-09-03T11:38:38.211+00:00You are right in showing the cruelty of the Eurozo...You are right in showing the cruelty of the Eurozone governments to Greece. But there is one important element in this: Germany. This state has become the indisputable master of the Eurozone and, having the ECB under its full command (possibly by blackmailing its board), it uses it as its weapon of choice against other members of this unholy currency alliance.<br />It is as if we have a pack of wolves, a blood-thirsty leader and a mass of 28 frightened members of the pack, completely subservient to the head wolf. This is eurozone today. The leader wants to make examples of what happens to those who dare disobey, therefore he does not hesitate to destroy any member who dares defy him. At the same time, he takes pleasure in feeding off the blood and flesh of the rogue member, just like a vampire.<br />The desire of Germany to be a predator state to colonialise the entire eurozone must not be neglected or overlooked. In the case of Greece, Germany has been the only force determining the austerity measures, approving governments, and eventually consciously executing genocide plans on the people of Greece. For example, the deterioration of health care is a deliberate measure to reduce the population. This has been coupled with measures of economic punishment for the two extreme ends of the population spectrum: child births, which are penalised via the tax code, as children are considered taxable evidence of certain pre-determined levels of income, and early deaths on the elderly, both via deteriorating health care and via aggressive reductions to pensions of the order of 50-60% since 2009.<br />At the same time, German state companies are stripping Greek assets at knock down prices: recent purchases include the port of Thessaloniki to a German-dominated consortium and, the greatest scandal of all, the acquisition of the 14 most profitable airports of the country by Fraport. The ridiculously low price for the airports was not even paid via Fraport funds, but via loans from (supposedly cash-starved) Greek banks!Αγανακτισμένος πατριώτηςhttps://www.blogger.com/profile/05556416737584291909noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-74560298944626594272018-09-03T08:04:21.010+00:002018-09-03T08:04:21.010+00:00I would be interested in your views or blog on the...I would be interested in your views or blog on the situation in Italy that seems intent on default and perhaps eventual withdrawal from at least Eurozone?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-10066486378274680012018-09-03T07:59:30.263+00:002018-09-03T07:59:30.263+00:00It's becoming impossible not to laugh in disbe...It's becoming impossible not to laugh in disbelief when you say things like this;<br /><br />"I have to stress this has nothing to do with the EU"<br /><br />The Eurozone comprises 19 of the 28 nations of the EU. As you correctly say about Greece; <br /><br />"Most of this is the result of the stupid cruelty of the creditor: the Eurozone governments, the ECB and the IMF"<br /><br />How can you believe this is NOT about the EU?AllanJWnoreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-89805912585359809012018-09-02T20:30:49.856+00:002018-09-02T20:30:49.856+00:00"Unfortunately for a UK audience I have to st..."Unfortunately for a UK audience I have to stress this has nothing to do with the EU, and everything to do with the Eurozone."<br /><br />The Euro is an integral part of the EU project. All EU countries are expected to adopt the euro when their economies are ready – except Denmark which has an official opt out and the UK which is leaving.TeeJayhttps://www.blogger.com/profile/02894564884420913780noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-43705945537729949892018-09-02T19:07:40.933+00:002018-09-02T19:07:40.933+00:00I've not really understood why Greece wants to...I've not really understood why Greece wants to remain in the Eurozone. Didn't Germany have a proposal a few years back where Greece could exit, default, and rejoin the Eurozone after a few years? Why didn't Greece take that route?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-58171215781235845142018-09-02T09:55:35.791+00:002018-09-02T09:55:35.791+00:00Your piece gives a very good reason as to why the ...Your piece gives a very good reason as to why the EU will fail. <br /><br />You say that inter governmental loans are a bad idea because they encourage the creditors to become stupid and you are right. This has meant that default will bring down, or at least put pressure on other EZ banks, and this is to be avoided at all costs.<br /><br />To say that the EZ is a dangerous club to join is IMV an understatement; if there is anything which will speed up the inevitable disintegration of the EU it is the failure of the Euro and that failure is almost impossible to avoid.Robert Joneshttps://www.blogger.com/profile/03593742130088640939noreply@blogger.com