You're right. It's just that I'm less inclined to trust the masses judgment when it comes to complex financial and economic decisions like this one.
True.
True.
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Greek Election (6 Viewers)
- Thread starter Spath
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Agreed, the government should have rejected the bailout terms outright rather than put it to the people.
They only held a referendum to obtain more legitimacy and wasted a week in the process.
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People from the ECB and the IMF are the kind of people who pretend that Economics is like a hard science.
They only held a referendum to obtain more legitimacy and wasted a week in the process.
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People from the ECB and the IMF are the kind of people who pretend that Economics is like a hard science.
There is no clear answer as there's no history of repetitive actions in these cases. So whether or not they have a cold head there's nobody to say 'hey, I know the right answer'. Troika/IMF are nothing but huge evil knocking the door. Combined with a shit state it's nothing but a bad thing.
I'm not saying this will solve their problems, though. But sticking with austerity and IMF credit line is nothing but digging a deeper problem.
Iceland did good when they told IMF and bankers to fu#k off.
I'm not saying this will solve their problems, though. But sticking with austerity and IMF credit line is nothing but digging a deeper problem.
Iceland did good when they told IMF and bankers to fu#k off.
Yes indeed, sadly.
The problem is the majority of the public doesn't understand basic economics, which means they will vote or argue for the solution that is either most pleasant to them or the one purported by the powers that be. If you asked the American public whether they should be given free education or tax breaks for small businesses, they will of course choose the former. But what they don't understand is that the money has to come from somewhere and governments can't spend more than they receive in taxes forever.
Nope. This is a stupidity of the masses game and the politicians/banksters know that.
Because they engage in fraud and wealth poaching.
The problem is the majority of the public doesn't understand basic economics, which means they will vote or argue for the solution that is either most pleasant to them or the one purported by the powers that be. If you asked the American public whether they should be given free education or tax breaks for small businesses, they will of course choose the former. But what they don't understand is that the money has to come from somewhere and governments can't spend more than they receive in taxes forever.
Nope. This is a stupidity of the masses game and the politicians/banksters know that.
Because they engage in fraud and wealth poaching.
I'm not an admirer of Piketty but he's right on this:
https://medium.com/@gavinschalliol/thomas-piketty-germany-has-never-repaid-7b5e7add6fff
Tsipras presented this referendum like an opportunity for the Greek people to fight in a new war vs Germany.
Left gvrm fancy waging war vs nazis and they try to create a fasist threat even when its not there.
They claimed that the austerity measures imposed by Germany is the new type of war that is coming in our days and its once again Greece's responsibility to say the big NO, just like it happened in the WW2, when tiny Greece was the first country to say No, won a first victory vs the AXIS, that eventually helped to turn tables.
They indeed have promised that the ECB is forced to provide monitization and they will, because there are agreements between Greece and EU that cannot be breaked.
the number 2 of the current Greek gvrmn claimed that Greece's ace lies in the fact that if EU doesnt respect its part of written rules, Greece wont respect them either and erase from her part any debt,
in that case, EU loses 250billions and therefore, they will step back, in the end, as long as we are not intimidated and believe the opposition which is controlled by the Germans.
And the ppl actually believed that $h1t... They also believed prime minister Tsipras that everyones deposements are guaranteed personally by him and in 2 days, there will be a deal!
Left gvrm fancy waging war vs nazis and they try to create a fasist threat even when its not there.
They claimed that the austerity measures imposed by Germany is the new type of war that is coming in our days and its once again Greece's responsibility to say the big NO, just like it happened in the WW2, when tiny Greece was the first country to say No, won a first victory vs the AXIS, that eventually helped to turn tables.
They indeed have promised that the ECB is forced to provide monitization and they will, because there are agreements between Greece and EU that cannot be breaked.
the number 2 of the current Greek gvrmn claimed that Greece's ace lies in the fact that if EU doesnt respect its part of written rules, Greece wont respect them either and erase from her part any debt,
in that case, EU loses 250billions and therefore, they will step back, in the end, as long as we are not intimidated and believe the opposition which is controlled by the Germans.
And the ppl actually believed that $h1t... They also believed prime minister Tsipras that everyones deposements are guaranteed personally by him and in 2 days, there will be a deal!
I'm not an admirer of Piketty but he's right on this:
https://medium.com/@gavinschalliol/thomas-piketty-germany-has-never-repaid-7b5e7add6fff
