What's going on over there...

I'm hearing another bailout package Euros130B or AUD$170B. Population of little old Greece is only 11M. That's about AUD$15,000 for every single Greek person...

www.independent.co.uk/voices/commentators/patrick-cockburn-greece-sells-its-independence-to-escape-the-burden-of-debt-7174362.html

If every one in Australia bought one souvolaki from their local Greek grease shop , and instructed the owner to send the profit back to Greece .


That would make absolutely NO difference to the Greek debt !!!

SailCoothara said...

Apparently China offered to buy a Greek City by paying off all the debt and adding another 150 billion dollars for incentive... Not a half bad concept. Forget talking a city by force. Just buy the entire world

Yep it's happening now . No need for war , just buy the place .

japie said...

From the ordinary Greek citizens perspective it is a stuff up of all proportions.

From the central bankers perspective everything is running according to plan. They knew that Greece would not be able to repay the loans, just as they knew that Portugal, Italy and Spain will not be able to pay them either.

If you have a serious think about it you will also realise that for the likes of the IMF there is no real loss. After all they printed the money in the first place. Well they did not actually print it, they created it as electronic credits.

Where they gain is twofold, through the creation of financial chaos and secondly through greater control of government because that is the ultimate goal, complete centralisation of both government and the financial system

By the time the whole plan plays out the average Jimmy on the street will be so stressed out that he will accept anything. I can hear George Orwell chortling through his coffin lid!

I thought they were just lazy people who sat in the sun, drank too much ouzo and ate too many souvlaki's.

Top vid Japie. Totally agree with that pom and good on him for making that statement.

They must be so stoked they didnt join the euro, what a mess.

Greek bail out -> + Greek youth bailing the country looking for work.

They will own us and don't rely on your super or pension. They will get that too.

Why should anybody bail out the Greeks so they can continue to retire at age 50 and go on the pension???

japie said...

^They might be lazy, that is certainly the perspective the Krauts are trying to put across. It is irrelevant whether they are or not. The point is is that the debt was not incurred by the average Greek on the street but by politicians and bankers,

The debt was incurred by the Greek government providing services for the average Greek. While the average Greek isn't responsible for the debt, they certainly were the beneficiaries of it. Until now.

It's only just starting to get interesting over there.

Tick tock. Tick tock...

It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.

On particular day a rich German tourist is driving through the stops at the local hotel and lays a €100 note on the telling hotel owner he wants to inspect the rooms upstairs in order to choose one to spend the night.

The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.

The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.

The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.

The guy the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.

The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.

The hooker rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.

The proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.

At that moment the traveller comes down the stairs, picks up the €100, states that the rooms are not satisfactory, pockets the money, and leaves town.

No one produced anything. No one earned anything.

However, the whole village is now out of debt and looking to the future with a lot more optimism.