Post #403,274
7/6/15 10:56:57 PM
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another explaination for the greece no vote
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 59 years. meep
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Post #403,281
7/7/15 10:02:48 AM
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Outstanding! Full Agreement.
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Post #403,283
7/7/15 10:26:39 AM
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Are both sides right?
I'm pretty sure the story above is pretty much how it played out. And if it wasn't a conscious plan from the beginning it was entirely predictable, and those perpetrating it figured, "It's not a problem. Or at least not my problem, so same diff."
And the other story Peter told about their rampant cronyism and utterly inept tax collection could also be true.
My question is, wasn't Greece a functioning country prior to joining the EU? Did the corruption and broken taxation not start until after they joined? If those problems existed prior to joining, how did the rest of Europe either not see it, or decide to allow them to join anyway?
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Post #403,284
7/7/15 10:33:38 AM
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They lied.
Through their teeth.
That's how they got in.
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Post #403,285
7/7/15 10:45:37 AM
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But you knew it
You (the generic eu you) were complicit.
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Post #403,286
7/7/15 10:53:19 AM
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Not us, ackshully.
The EU and the Eurozone are two different things, and the UK is in the former and not the latter.
But yes, the point stands. Greece's application should have failed the laugh test.
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Post #403,287
7/7/15 11:12:12 AM
7/7/15 11:13:15 AM
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So basically it was a NINJA loan
Back to my original question: Wasn't Greece a functioning country prior to joining the EU?
And the implied followup: How were they getting by before joining?
Edited by drook
July 7, 2015, 11:13:15 AM EDT
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Post #403,288
7/7/15 11:19:16 AM
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Sort of and sort of.
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Post #403,293
7/7/15 1:24:58 PM
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Supposedly Goldman Sachs was Greece's banker...
http://m.spiegel.de/international/europe/a-676634.html#spRedirectedFrom=www&referrrer=https://www.google.ch/Lots of people wanted Greece in the Euro whether they were ready or not. Whatever the history is, problems with the tax system and corruption can'take be fixed in 6 months even if you have willing partners. Greece didn't have a willing partner to help them get growing again. Atrios has explained all of this very well for years: "People got no jobs and got no money." Greece's economy is built on tourism and shipping - which both dried up when the economy imploded. Things won't get better until people are working and have money to spend. Until the troika gets out of their moralistic punishment mode, thing aren'the going to change, and as such, Greece's government will have no incentive to listen to their advice. My $0.02. Cheers, Scott.
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Post #403,297
7/7/15 2:04:53 PM
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Doesn't matter what the troika does.
Unless the Greeks actually start to collect some tax, start retiring at a practical age, and generally start doing all the other stuff that goes with having an actually functioning economy, the entire debt could be forgiven right now, and they'd still be up shit creek in a decade's time.
Fuck 'em. They've had 30 (or more!) years to not be as bent as a three-pound note.
But they wanted into the €, and now the Merkelpiper is calling the tune.
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Post #403,299
7/7/15 2:20:28 PM
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With a banker like Goldman, they were doomed from the start.
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