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Author Topic: Greece: the election is over, the economic crisis is not  (Read 1428 times)
zenitzz
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September 21, 2015, 11:12:49 PM
 #1

Alexis Tsipras’s renewed mandate will allow him to push for more debt relief and an easing of austerity conditions

What a difference eight months can make. When Syriza came to power in Greece in January it did so on a wave of voter enthusiasm. There was talk of an austerity party breaking the mould of post “great recession” politics. Europe’s political establishment looked on in horror. The financial markets trembled.

All the euphoria and most of the apprehension had disappeared by the time Greeks voted today. Alexis Tsipras has won but the turnout was low and the mood sullen. The financial markets are no longer concerned that Syriza will be the template for a pan-European political backlash against budget cuts or that it could start the breakup of monetary union by leaving the single currency.

In reality, there is no reason for the markets to worry about Greece, at least for now. Tsipras quickly discovered once he had swept to victory in January that he could not deliver on a mutually incompatible trio of election pledges: to end austerity, to put the economy on the road to recovery and to stay in the euro. He has achieved just one of these objectives – remaining in the euro – but at a high price.

The fresh dose of deflationary measures in Greece’s new €86bn (£62bn) bailout programme, agreed in July after Tsipras folded under pressure from creditors, will deepen a depression similar in its severity to those that afflicted Germany and the United States in the 1930s. The Greek economy has contracted by 29% since 2009 and is still shrinking after months of financial turmoil. Yet Greece remains part of a single currency that has emerged bloodied but intact. All the main parties contending the election were committed to continuing with the bailout that Tsipras negotiated in the summer.

Read more: http://www.theguardian.com/world/2015/sep/20/greece-the-election-is-over-the-economic-crisis-is-not
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September 22, 2015, 05:06:23 PM
 #2

Freemasons are behind every greek tragedy. Read more:
http://hellasnews-agency.blogspot.gr/2012/12/blog-post.html
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September 23, 2015, 06:30:36 AM
 #3

A election cant solve any crisis just like that. A crisis in country means that there are complex problems in its economy, so it would need much time to solve it completely. The crisis in Greece is really big problem, and even if they could pay their debt, it doesnt guarantee them to not facing that crisis again.

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September 23, 2015, 08:38:51 AM
 #4

The time arrives for the Greek government to face it's financial situation head on. All the main parties contending the election were committed to continuing with the bailout that Tsipras negotiated in the summer but that is good news for the French and German banks that got their money back, but it wasn't for Greece and Greek people. I think EU will not let go Greece so easily and they will help them to survive this economic crisis.



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September 23, 2015, 09:44:06 AM
 #5

Freemasons are behind every greek tragedy. Read more:
http://hellasnews-agency.blogspot.gr/2012/12/blog-post.html
.
what?
so, do you think freemasons is reality, my bro?
I predict this issue just only be make by big country brothers to pressure each others

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September 23, 2015, 10:47:00 AM
 #6

If anyone really thought that election of new government will be deciding factor that will end greek crisis, please think again.
Problems which caused this crisis are not new or recent. Greece overspend their money for decades they won't be able to sort it just because new government is trying to do so.


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ThePrinceofTea
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September 23, 2015, 11:34:22 AM
 #7

Why should ukraine be treated any better than greece?
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September 23, 2015, 11:55:01 AM
 #8

A election cant solve any crisis just like that. A crisis in country means that there are complex problems in its economy, so it would need much time to solve it completely. The crisis in Greece is really big problem, and even if they could pay their debt, it doesnt guarantee them to not facing that crisis again.

Actually this election is additional burden to the greece economy. Government has spent lot of money for this election which they borrowed to improve country's economy but they are wasting money on elections. But still people can't elect any single government so any coalition governments can't perform better because of two parties differences. 
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September 23, 2015, 02:16:33 PM
 #9

EU countries will pay Greece debts without any problem. Germany and France are rich countries  Grin
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September 23, 2015, 02:59:49 PM
 #10

I think most of the financial problems have been put on the back burner for now... their new crisis seems to be the influx of illegal immigrants from Syria.

One of my neighbors friends was in Greece last week, and all talks was concentrated around the handling of the refugee crisis.

Some supporting articles around this subject :

http://fox4kc.com/2015/09/23/local-non-profit-group-heads-to-greece-to-help-syrian-refugees/ and https://www.washingtonpost.com/news/worldviews/wp/2015/05/28/british-tourists-say-their-greek-holidays-are-being-ruined-by-syrian-refugees/

They are worried about the increased risk of terrorism and also how much money is spend on managing this crisis and the influence on tourism.  Roll Eyes


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September 24, 2015, 06:07:42 AM
 #11

EU countries will pay Greece debts without any problem. Germany and France are rich countries  Grin

Seems a joke but is a half true. Those countries are the major contributors of the money gave to the Greece. So in a certain way the life of Greeks were like the sultans because of them. So they paid this debt when that debt yet doesn't exist. In other word they pay the debt and make the Greeks rich.  Wink
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September 24, 2015, 12:01:25 PM
 #12

A election cant solve any crisis just like that. A crisis in country means that there are complex problems in its economy, so it would need much time to solve it completely. The crisis in Greece is really big problem, and even if they could pay their debt, it doesnt guarantee them to not facing that crisis again.

Actually this election is additional burden to the greece economy. Government has spent lot of money for this election which they borrowed to improve country's economy but they are wasting money on elections. But still people can't elect any single government so any coalition governments can't perform better because of two parties differences. 
Yeah, but there is no other way to do by people there unless doing elections to solve those problems that last government couldn't solved that. Economic crisis is a big problem, so I guess it need atleast few years to solve it.

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September 24, 2015, 12:18:39 PM
Last edit: September 24, 2015, 02:30:33 PM by n2004al
 #13

A election cant solve any crisis just like that. A crisis in country means that there are complex problems in its economy, so it would need much time to solve it completely. The crisis in Greece is really big problem, and even if they could pay their debt, it doesnt guarantee them to not facing that crisis again.

Actually this election is additional burden to the greece economy. Government has spent lot of money for this election which they borrowed to improve country's economy but they are wasting money on elections. But still people can't elect any single government so any coalition governments can't perform better because of two parties differences.  
Yeah, but there is no other way to do by people there unless doing elections to solve those problems that last government couldn't solved that. Economic crisis is a big problem, so I guess it need atleast few years to solve it.

Without restructuring the debt the crisis of Greece cannot be solved and the money cannot be returned back. These are words of International Monetary Fund, the most authoritarian entity in matter of international financial problems. So the Greeks can turn the Moon in Sun or can make the Earth satellite of Polaris but cannot turn back their debt. Needed the reconstruction of debt and every European country that don't agree with this must accept a collaboration which will help the Greek people to be saved. It is maybe unfair amnesty because those money are money of the others (earned with hard work) and taken by the Greeks for enjoyed their life but this is the life. The fault is even of the donors. Must think well before act. The money must be done after being sure that the Greeks had the possibility to get back all those. At least they must be read the history of Greeks in matter of this kind of things. It is not the first time that Greeks are in such situations. But as it can be see it was not did so.
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September 24, 2015, 02:23:22 PM
 #14

A election cant solve any crisis just like that. A crisis in country means that there are complex problems in its economy, so it would need much time to solve it completely. The crisis in Greece is really big problem, and even if they could pay their debt, it doesnt guarantee them to not facing that crisis again.

Actually this election is additional burden to the greece economy. Government has spent lot of money for this election which they borrowed to improve country's economy but they are wasting money on elections. But still people can't elect any single government so any coalition governments can't perform better because of two parties differences.  
Yeah, but there is no other way to do by people there unless doing elections to solve those problems that last government couldn't solved that. Economic crisis is a big problem, so I guess it need atleast few years to solve it.

Without restructuring the debt the crisis of Greece cannot be solved and the money cannot be returned back. These are words of International Monetary Fund, the most authoritarian entity in matter of international financial problems. So the Greeks can turn the Moon in Sun or can make the Earth satellite of Polaris but cannot turn back their debt. Needed the reconstruction of debt and every European country that don't agree with this must accept a collaboration which will help the Greek people to be saved. It is maybe unfair amnesty because those money are money of the others (earned with hard work) and taken by the Greeks for enjoyed their life but this is the life. The fault is even of the donors. Must think well before act. The money must be done after being sure that the Greeks had the possibility to get back all those. At least they must be read the story of Greeks in matter of this kind of things. It is not the first time that Greeks are in such situations. But as it can be see it was not did so.
Yeah, I'm not sure this problem could be solved easily. It reminds me to Adolf Hitler who revived Germany from big crisis after lost in World War I, but surely his ways isnt suitable for this century.
Well we could read any updating news about greek crisis here http://www.greekcrisis.net/ Atleast we can see what the Greek government will do to solve this problem.

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futurebit640
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September 25, 2015, 02:56:37 AM
 #15

A election cant solve any crisis just like that. A crisis in country means that there are complex problems in its economy, so it would need much time to solve it completely. The crisis in Greece is really big problem, and even if they could pay their debt, it doesnt guarantee them to not facing that crisis again.

Actually this election is additional burden to the greece economy. Government has spent lot of money for this election which they borrowed to improve country's economy but they are wasting money on elections. But still people can't elect any single government so any coalition governments can't perform better because of two parties differences. 
Yeah, but there is no other way to do by people there unless doing elections to solve those problems that last government couldn't solved that. Economic crisis is a big problem, so I guess it need atleast few years to solve it.

What happened after elections again same person elected with minority and he still need a support from some other party to form a new government so no change from last time. It is simply wasting government funds. But they need to find a way to improve their economy faster to come out of these problems
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September 25, 2015, 05:11:31 AM
 #16

What Greece needs right now is a complete overhaul of it's financial, political and judicial systems. Corruption and tax evasion are the two criteria that Tsipras and Kammenos will be judged on. They have vowed to tackle these two monstrosities head on. If they can sort out the taxation problem and get all those on the Lagarde list (Plus a plethora of other black marketeers) then they will not only restore confidence in outside investment coming in but also the people's confidence to keep their money in the banks, in GREEK BANKS and not under their mattresses or in a swiss bank.  Smiley. Also the demographic situation has to change, you can't have 505 of the population of one country living in one city.
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September 25, 2015, 06:36:36 AM
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While I cannot not claim to know much about economic theories, it is fairly clear that the austerity measures in Greece are not addressing the root problems and indeed are exacerbating them.

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September 25, 2015, 07:00:27 AM
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What Greece needs right now is a complete overhaul of it's financial, political and judicial systems. Corruption and tax evasion are the two criteria that Tsipras and Kammenos will be judged on. They have vowed to tackle these two monstrosities head on. If they can sort out the taxation problem and get all those on the Lagarde list (Plus a plethora of other black marketeers) then they will not only restore confidence in outside investment coming in but also the people's confidence to keep their money in the banks, in GREEK BANKS and not under their mattresses or in a swiss bank.  Smiley. Also the demographic situation has to change, you can't have 505 of the population of one country living in one city.

The demographics change will be very difficult. Where will the jobs be? In the big cities.

Also this is a general problem all over the world. Just look how big the outer cities of Beijing and Tokyo are for example.
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September 25, 2015, 08:26:42 AM
Last edit: September 25, 2015, 09:35:00 AM by n2004al
 #19

While I cannot not claim to know much about economic theories, it is fairly clear that the austerity measures in Greece are not addressing the root problems and indeed are exacerbating them.

You must understand that the austerity is not a desire or a caprice of the IMF, EU, ECB or the other countries which insist in economic programs which are very severe, but a situation become true from Greeks themselves. It is a forced choice created by them. So the others are obligated to act in this way. The root problems you talk are the enormous amount of others money taken from the Greeks without thinking to much only to do the "bella vita". If you will borrow money to someone you will pretend rightly to have those back according to the deal made in the time of borrowing. Greeks don't did this and don't want to do this. This is the problem. But they have to many other internal problems for which is not here the place to talk. Those complicate even more the situation and make it almost unsolvable.
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September 25, 2015, 09:32:08 AM
 #20

€360,000,000,000 - This is Greece's entire government debt in 2012. The debt has been reduced to 315 Billion in 2015, on bankruptcy day June 30th, 2015. - This debt won't be reduced over night and new government is not gonna make it lower any time soon.
If you want to know more about sources of Greek's debt, read this: http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html
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