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Originally posted by babybunnies
What's most remarkable to me is the fact that Greece misrepresented their economic data in order to be accepted into the EU.
The EU freely admits this to be the case.
But despite Greece lying to get into the club, the club are doing everything they can to keep them as a member.
Originally posted by AdAstra
reply to post by MI5edtoDeath
I agree with basically everything you said.
Just because one is naturally sorry for the many individual tragedies that this situation has prompted and will prompt in the near future - and just because the current fiscal and monetary systems are far from perfect - it doesn't mean that they are somehow blameless victims.
Like others have pointed out, they deliberately misrepresented - forged - their financial records in order to get into the EU.
They did that for a reason - a couple of reasons - without thinking of the future, either theirs or that of the other EU citizens. (I won't even mention the normal legal implications of such an outrageously far-reaching falsification.)
Turning a blind eye to the many intrinsic faults of the Greek economy - and, let's be blunt, their predominant work ethos - and commiserating them as "victims" of the nasty ogre, the EU, is helping no one.
Seeing them clearly and acknowledging them, on the other hand, might help, both the Greks (in the long run) and others, as a cautionary tale.
edit on 26-5-2012 by AdAstra because: (no reason given)edit on 26-5-2012 by AdAstra because: (no reason given)
Originally posted by Germanicus
reply to post by MI5edtoDeath
Tax payer backed bonds. Why should they pay for them?
All the stuff you go on with is conservative rubbish. Tax payer backed bonds is how they got into so much trouble.
Originally posted by theGreatunhosed
Europe is controlled by germany again, we all know what happened last time that was the case.
Originally posted by Germanicus
Yes.
Capitalist Democracy is bs. They form parties to argue with each other. What has congress passed lately? Its all a scam to make a public feel that it has no power. They tell us what can and cannot be done. That is wrong. A dictator is the only way that we can get things done that the public wants.edit on 26-5-2012 by Germanicus because: (no reason given)
Democratic capitalism, also known as capitalist democracy, is a political, economic, and social system and ideology based on a tripartite arrangement of a market-based economy based predominantly on a democratic polity, economic incentives through free markets, fiscal responsibility and a liberal moral-cultural system which encourages pluralism.[1]
[2] This economic system supports a capitalist free market economy subject to control by a democratic political system that is supported by the majority. It stands in contrast to authoritarian capitalism by limiting the influence of special interest groups, including corporate lobbyists, on politics.
The United States shall guarantee to every State in this Union a Republican Form of Government, [...] This clause, sometimes referred to as the Guarantee Clause, has historically been a part of the debate about the rights of citizens vis-a-vis state governments. The Guarantee Clause mandates that all U.S. states must be grounded in republican principles, such as consent of the governed.
A republic is a form of government in which the government is officially apportioned to the control of the people and thus a "public matter"
"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny." -Thomas Jefferson
"The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first."-Thomas Jefferson
Originally posted by Siberbat
So are we about to see the birthplace of democracy turn into...
the 4th Reich? How ironic.
Originally posted by MI5edtoDeath
The Greeks asked for their financial disaster and they deserve it.
The retirement in Greece is 55 years and as part of the austerity measure, it has agreed to raise it to 63 years. In the UK, I will be retiring at aged 67.
I have 28 day annual and statutory vacation, the Greeks have up to 38 days a year.
The Greek government lied to get into the Euro ERM and did not discloses their national indebtedness.
www.spiegel.de/international/europe/german-chancellor-on-the-offensive-merkel-blasts-greece-over-retirement-age-vacation-a-763294.htm[/ur l]
November 2004: Greece effectively admits it lied to get into the euro. The government admits its deficit has not been below 3pc since 1999, as EU rules require
=http://www.telegraph.co.uk/finance/economics/8580720/Timeline-of-a-crisis-how-Greeces-tragedy-unfolded.html
Tax evasion is a Greek national sport and the government borrows enormous amounts to pay the pensions they can't afford and the fat government salaries.
Greece is a fairly small country, but for the past year it has been causing an awfully big uproar. Burdened by a pile of government debt that could force it into default (and the European banking system into a meltdown), Greece has had to adopt ever more stringent austerity plans in order to secure a bailout from the European Union. Explanations of how Greece got in this mess typically focus on profligate public spending. But its fiscal woes are also due to a simple fact: tax evasion is the national pastime.
[url=http://] www.newyorker.com...
IMF head Lagarde: Tax-shy Greeks 'must help themselves'
IMF head Christine Lagarde has urged Greeks to pay taxes, saying she worries more about the plight of children in sub-Saharan Africa than the people of the crisis-hit European nation.
In an interview with the Guardian newspaper, Ms Lagarde suggested it was payback time for Greece.
www.bbc.co.uk...
Originally posted by MI5edtoDeath
Originally posted by Germanicus
reply to post by MI5edtoDeath
Tax payer backed bonds. Why should they pay for them?
All the stuff you go on with is conservative rubbish. Tax payer backed bonds is how they got into so much trouble.
Actually I am a social democrat and what angers me is how the Greeks were careless with their country. Even now the Greeks are dodging their taxes.
They are like children throwing tantrums. No one can help them and Britain should not carry the can for them. The Greeks nearly wrecked the EU and this is unforgivable. Had they accepted the austerity, after a couple of years I would have been in favour of Britain pumping in a few billion into their economy to help out.