Friday, May 18, 2012

A Greek Has Figured Out Greece is in Control!

The head of Greece's radical left party is throwing down a gauntlet that could increase tensions between Greece and its European creditors, reports WSJ.

Alexis Tsipras, the 37-year-old head of the Coalition of the Radical Left, known as Syriza, and potentially the country's next prime minister says he sees little chance Europe will cut off funding to the country but that if it does, Greece will stop paying its debts.

He's right!! At this point, its hard to see the EZ cutting Greece off. The EZ is run by the banksters and Greece owes the money to the banksters. On a more long-term basis, Greece will likely get tossed from the EZ. Greek demands are just over the top.

 Tsipras said, Europe must consider a more growth-oriented policy  [Translation: More ECB money printing, with the printed money going to Greece] to arrest Greece's spiraling recession and address what he called a growing "humanitarian crisis" facing the country.

The Germans won't stand for this. The banksters may have German Chancellor Angela Merkel under control, but she will be bounced out of office next year, if the Greeks are bailed out once again and given newly printed euros "to get their economy going."


  1. Greece now owes money mostly to the governments (ECB, EFSF, IMF, Eu countries through billateral loans). Private involvment in Greek debt is only around 25% ( If Greece stops paying its debt it will hurt the governments not the commercial banks.

  2. Greece is pulling a Trump:

    If you owe the bank $1 million and can't pay, you're in trouble, but if you owe the bank $1 billion and can't pay, the bank's in trouble.


  3. @Mateusz
    So the German government now has their deadbeat Greek cousin sleeping on the couch for the foreseeable future. and they know Italy, Spain. Portugal and Ireland have been making woe is me noises.

  4. Im starting to believe that Germany and Austria will leave the EU before France, Spain, Portugal or Greece do...

  5. Man, Greece defaulting is a nuisance compared to the fallout of a major country like Japan defaulting...

  6. There is noway the hard working Germans are going to keep supporting the bottom feeders. The Greeks refuse to even pay their property taxes.

  7. According to Eurostat(2005 numbers) Greeks worked an average of 2120 hours a year, Germans 1430 hours, the EU27 average is 1764 hours. Greeks retire at an average age of 61.7, Germans at 60.9, the EU27 average is 60.7.

    People in Greece aren't paying their property taxes because they don't have the money to pay their property taxes. This is mainly due to the massive austerity measures taken in the past years which cause the damaged economy to shrink even faster.

    The cause of these problems does not necessarily lay with the Greek people. It lies with their corrupt governments and the banks which funded these government with ridiculous amounts of loans. Both these parties are at fault, banks should have never taken these kind of insane risks, and neither should their government have.

    Now that the shit has hit the fan, Europe has to cough up the money to prevent Greece from defaulting so the assets(loans) of the banks which were obtained through deceit, lies and incompetence can be protected. It's either that or watch as the European, and likely global, economy takes another nosedive.