Say Goodbye to Greece...

[redhawk979]

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

[Ibian]

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

[pedrog]

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

[Ibian]

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Wasn't talking about greece. Obviously they will keep holding their hand out as long as there are handouts. I'm talking about the countries that still have a somewhat functional economy. Of course, one might argue that no such country exists.

And at this point it's no longer a matter of "letting". Countries will collapse one by one, or all together in the end.

[pedrog]

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Wasn't talking about greece. Obviously they will keep holding their hand out as long as there are handouts. I'm talking about the countries that still have a somewhat functional economy. Of course, one might argue that no such country exists.

And at this point it's no longer a matter of "letting". Countries will collapse one by one, or all together in the end.

Well, eventually everything will die away, I'm just hoping it will stay up long enough for I to live my life.

[n2004al]

http://www.aljazeera.com/news/2015/07/euro-leaders-reach-agreement-greece-bailout-deal-150713071039926.html

Full Text of the Agreement Between the Brussels-EU and Greece:
http://t.co/4OeNBKtyqv

The Greece is safe for now. No goodbye for the moment. No one know for how much time but for the moment, another time in their story, Greeks found a way to stay in the surface. They had their life jacket and can survive. But how much time this will last??? 

[Miz4r]

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Wasn't talking about greece. Obviously they will keep holding their hand out as long as there are handouts. I'm talking about the countries that still have a somewhat functional economy. Of course, one might argue that no such country exists.

And at this point it's no longer a matter of "letting". Countries will collapse one by one, or all together in the end.

Well, eventually everything will die away, I'm just hoping it will stay up long enough for I to live my life.

And this in a nutshell is what is wrong with humanity. Individualistic, egocentric, lazy and irresponsible. I have nothing against you by the way, but in your sentence I recognize the attitude of many people. As long as they can live their own short life drinking beer, having sex and watching netflix it's all good. Who is left caring for the world we leave behind for our children? The baby boomers have left our generation with a huge burden of debt so their lives were good, now do we want to do the same to the generations to come after us? I'm truly hoping to see the current debt based economy collapse in this life. Not because I'm a pessimist and a doomer, but because the old has to die first before something new and better can be born. I also don't believe it will be the end of the world, just the end of a corrupt system that has engulfed the world and the beginning of something new. You can't have change without going through some pain first.

[pedrog]

And this in a nutshell is what is wrong with humanity. Individualistic, egocentric, lazy and irresponsible. I have nothing against you by the way, but in your sentence I recognize the attitude of many people. As long as they can live their own short life drinking beer, having sex and watching netflix it's all good. Who is left caring for the world we leave behind for our children? The baby boomers have left our generation with a huge burden of debt so their lives were good, now do we want to do the same to the generations to come after us? I'm truly hoping to see the current debt based economy collapse in this life. Not because I'm a pessimist and a doomer, but because the old has to die first before something new and better can be born. I also don't believe it will be the end of the world, just the end of a corrupt system that has engulfed the world and the beginning of something new. You can't have change without going through some pain first.

Not at all, I actually don't have children but people with children tend to care about the future and the world left for future generations.

I don't even think there's going to be a collapse, well, at least for the foreseeable future, like I said, eventually everything dies out, but change over time, little improvements that will add up to something new.

What I'm saying is, I'm not the kind of Orwell guy, I'm the Ghost in the Shell guy when it comes to predicting the future.

[Bitware]

The EU is not Sovereign and not even a nation, but are telling half the world what to do and everyone must pay them taxes and get their money from them, as debt...

[eerygarden]

The EU is not Sovereign and not even a nation, but are telling half the world what to do and everyone must pay them taxes and get their money from them, as debt...

The utter shits. Pfffft

[PenguinFire]

Bye bye Greece.  Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

[poncom]

And this in a nutshell is what is wrong with humanity. Individualistic, egocentric, lazy and irresponsible. I have nothing against you by the way, but in your sentence I recognize the attitude of many people. As long as they can live their own short life drinking beer, having sex and watching netflix it's all good. Who is left caring for the world we leave behind for our children? The baby boomers have left our generation with a huge burden of debt so their lives were good, now do we want to do the same to the generations to come after us? I'm truly hoping to see the current debt based economy collapse in this life. Not because I'm a pessimist and a doomer, but because the old has to die first before something new and better can be born. I also don't believe it will be the end of the world, just the end of a corrupt system that has engulfed the world and the beginning of something new. You can't have change without going through some pain first.

Not at all, I actually don't have children but people with children tend to care about the future and the world left for future generations.

I don't even think there's going to be a collapse, well, at least for the foreseeable future, like I said, eventually everything dies out, but change over time, little improvements that will add up to something new.

What I'm saying is, I'm not the kind of Orwell guy, I'm the Ghost in the Shell guy when it comes to predicting the future.

People make apocalyptic predictions for the future but in the stone age we only lived to about 40. Life spans are getting longer because things have improved. During the great depression people had a much worse time than under recent depressions. Changes were made to the system that made things better because enough people cared. If there is a big crash I think we will still be better off than people were after the Wall Street crash, and Bitcoin will still be here.

[MF Doom]

Bye bye Greece.  Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck.  Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans.  Now the bailout effectively transferred the private bank debt to the public.  That is wrong.

[Herbert2020]

Bye bye Greece.  Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck.  Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans.  Now the bailout effectively transferred the private bank debt to the public.  That is wrong.

why is it always the people who have to pay for the wrongdoing of the government and the banking systems. that is just wrong.

this makes me want to invest more into bitcoin to secure my little bit of wealth away from banks. and cut anybody's hand from my own money.

[MF Doom]

http://www.zerohedge.com/news/2015-07-21/something-revolutionary-air-grexit-insurrection-most-probable-outcome

Interesting thought.  Seems like this is a real possibility.  It makes you really wonder if the leaders of the world WANT social unrest and instability.  Evidence being the funding of weapons to Ukraine as well as anti-russian propaganda, race baiting in the US to fuel riots over police encounters, and now the unsustainable Greek debt being added too.  The people are constantly on the losing end, adn the greeks could show the rest of the world they are fed up with govt overspending them into debt slavery.

Anyway it's funny because I said the exact same thing that this article says not too long ago, it was Einstein who said it!

"Their third bailout in 5 years"

Who was it that said insanity is doing the same things over and over but expecting a different outcome?  Well, that phrase should be emailed to all leaders around the world, becasue they practice insanity on a daily basis...

[infofront]

Bye bye Greece.  Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck.  Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans.  Now the bailout effectively transferred the private bank debt to the public.  That is wrong.

The public voted for the governments that racked up the debt. They have to reap the consequences now.

[MF Doom]

Bye bye Greece.  Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck.  Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans.  Now the bailout effectively transferred the private bank debt to the public.  That is wrong.

The public voted for the governments that racked up the debt. They have to reap the consequences now.

The public votes for politicians, politicians are liars.  They admit they have to lie and hide certain views to remain electable, even 0bama has now publicly admitted he had to hide his views on gay marriage to remain electable.

Anyway, my point is most all politicians are out to line their pockets, not serve the interests of the people.  If they were there to serve the interests of the people they would actually work on CUTTING SPENDING, reducing entitlements, promoting PEACE and not war, etc.

The people are only given so many options on who to vote for, and to say they should reap the consequences is not fair.  Its usually a "chose the lesser of two evils" situation, and the people always lose.

[jbreher]

The people are only given so many options on who to vote for, and to say they should reap the consequences is not fair.  Its usually a "chose the lesser of two evils" situation, and the people always lose.

While most of your comments are well taken, the last here is simply not true. At the _end_ of the winnowing process, we typically are only able to select between two candidates from the two plausible parties -- each candidate already being selected by TPTB. But if people participated early in the winnowing process, there would be a selection between two _good_ candidates from the two plausible parties.

How many candidates are competing for the Repub Prez nomination? Would Hillary's policies be the same as Warren's, the same as Sanders'?

Examples from my american-centric viewpoint, but I doubt the situation is drastically different elsewhere in the so-called 'free world'.

[mrhelpful]

http://www.aljazeera.com/news/2015/07/euro-leaders-reach-agreement-greece-bailout-deal-150713071039926.html

Full Text of the Agreement Between the Brussels-EU and Greece:
http://t.co/4OeNBKtyqv

The Greece is safe for now. No goodbye for the moment. No one know for how much time but for the moment, another time in their story, Greeks found a way to stay in the surface. They had their life jacket and can survive. But how much time this will last???  

Safe for now, but I feel like everything is a delayed ticking bomb waiting to explode in their faces.

Its a matter how they see resolve of what needs to happen to make a "dream" growth to have other foreign countries to bring their business there.

Similar how china does it with the u.s and made their own country to have more middle class then the u.s.

[Wexlike]

Bye bye Greece.  Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck.  Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans.  Now the bailout effectively transferred the private bank debt to the public.  That is wrong.

At least now we can talk about bail outs and hair cuts, knowing that the banking sector is saved for another day, and that the risks are again in the hands if the taxpayer while the profit goes to the bank.

What a great world, that we live in.