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Greece tells the IMF to shove it.
The Germans loaned tons of money to the Greeks even though Greece has spent 50% of it's modern history in default. Nobody forced the Germans to loan to Greece. Only an idiot or a corrupt banker loans money to a deadbeat. The plan was for Greece to go broke and sell off it's lucrative industries ( and beaches) for pennies. The Banks took the risk. The banks should just lose their investment. The IMF specializes in raping various countries in default.
The IMF acts as the enforcer for the private banks. The new leader of Greece said that he won't even talk to the IMF.
"Greece's new left-wing finance minister says his government will not negotiate over the Greek bailout conditions with the "troika" team from the EU and IMF. "
The Germans;
In Berlin, German Finance Minister Wolfgang Schaeuble said the Greeks should abide by their commitments, adding: "There's no arguing with us about this and, what's more, we are difficult to blackmail."
Greece doesn't need to blackmail anybody,,, they can just tell them to shove it.
BBC News - Greece's Varoufakis: 'No debt talks with EU-IMF troika'The game is up. It?s time for Greece to leave the eurozone and move on - TelegraphWe must stop Angela Merkel’s bullying – or let the forces of austerity win | Owen Jones | Comment is free | The Guardian
It really doesn't matter what the troika comes up with. The money is flowing out of Greece and they can't stop that.
Greece's Predicament in One Scary Chart - Bloomberg View
Now, Russia is talking about supporting Greece. Greece has both oil and gold. Also, Greece is blocking further sanctions on Russia from Brussels. Angela is foaming at the mouth.
Federalism is just NOT a good idea;
"Another continent-wide war may not be in the offing, but Europe does face the potential for regime collapse: that is, the end of the Eurozone and the unraveling of regional integration. Its possible dystopian future can be glimpsed in what has happened in its eastern borderlands. There, federal structures binding together culturally diverse people have had a lousy track record over the last quarter-century. After all, the Soviet Union imploded in 1991; Czechoslovakia divorced in 1993; and Yugoslavia was torn asunder in a series of wars later in the 1990s.
If its economic, political and social structures succumb to fractiousness, the European Union could well follow the Soviet Union and Yugoslavia into the waste bin of failed federalisms. Europe as a continent will remain, its nation-states will continue to enjoy varying degrees of prosperity, but Europe as an idea will be over."
The European Union May Be on the Verge of Collapse - Russia Insider
Update; "The Greeks are not even trying to reassure the markets," seeming to have entirely forgotten (and who can blame him in this new normal the world has been force-fed for 6 years) that political leaders are elected for the good of the people (by the people) not for the markets."
",,,the most uncomfortable moment ever caught on tape - the moment when Eurogroup chief Jeroen Dijsselbloem (he of the "template" foot in mouth disease) stood up at the end of the EU-Greece press conference, awkwardly shook hands with Greece's new finance minister, and whispered..."you have just killed the Troika," to which Varoufakis responded... "wow!"
The Germans loaned tons of money to the Greeks even though Greece has spent 50% of it's modern history in default. Nobody forced the Germans to loan to Greece. Only an idiot or a corrupt banker loans money to a deadbeat. The plan was for Greece to go broke and sell off it's lucrative industries ( and beaches) for pennies. The Banks took the risk. The banks should just lose their investment. The IMF specializes in raping various countries in default.
The IMF acts as the enforcer for the private banks. The new leader of Greece said that he won't even talk to the IMF.
"Greece's new left-wing finance minister says his government will not negotiate over the Greek bailout conditions with the "troika" team from the EU and IMF. "
The Germans;
In Berlin, German Finance Minister Wolfgang Schaeuble said the Greeks should abide by their commitments, adding: "There's no arguing with us about this and, what's more, we are difficult to blackmail."
Greece doesn't need to blackmail anybody,,, they can just tell them to shove it.
BBC News - Greece's Varoufakis: 'No debt talks with EU-IMF troika'The game is up. It?s time for Greece to leave the eurozone and move on - TelegraphWe must stop Angela Merkel’s bullying – or let the forces of austerity win | Owen Jones | Comment is free | The Guardian
It really doesn't matter what the troika comes up with. The money is flowing out of Greece and they can't stop that.
Greece's Predicament in One Scary Chart - Bloomberg View
Now, Russia is talking about supporting Greece. Greece has both oil and gold. Also, Greece is blocking further sanctions on Russia from Brussels. Angela is foaming at the mouth.
Federalism is just NOT a good idea;
"Another continent-wide war may not be in the offing, but Europe does face the potential for regime collapse: that is, the end of the Eurozone and the unraveling of regional integration. Its possible dystopian future can be glimpsed in what has happened in its eastern borderlands. There, federal structures binding together culturally diverse people have had a lousy track record over the last quarter-century. After all, the Soviet Union imploded in 1991; Czechoslovakia divorced in 1993; and Yugoslavia was torn asunder in a series of wars later in the 1990s.
If its economic, political and social structures succumb to fractiousness, the European Union could well follow the Soviet Union and Yugoslavia into the waste bin of failed federalisms. Europe as a continent will remain, its nation-states will continue to enjoy varying degrees of prosperity, but Europe as an idea will be over."
The European Union May Be on the Verge of Collapse - Russia Insider
Update; "The Greeks are not even trying to reassure the markets," seeming to have entirely forgotten (and who can blame him in this new normal the world has been force-fed for 6 years) that political leaders are elected for the good of the people (by the people) not for the markets."
",,,the most uncomfortable moment ever caught on tape - the moment when Eurogroup chief Jeroen Dijsselbloem (he of the "template" foot in mouth disease) stood up at the end of the EU-Greece press conference, awkwardly shook hands with Greece's new finance minister, and whispered..."you have just killed the Troika," to which Varoufakis responded... "wow!"
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