Savage Beatings Posted May 15, 2012 Share Posted May 15, 2012 Even on the brink of complete disaster, the Greek citizens refuse to acknowledge reality by supporting fringe political parties that are promising an end to austerity. It's fascinating to watch an entire nation vote for it's own demise. I wonder if my own nation will be just as immature. Quote Link to comment Share on other sites More sharing options...
SEC=UGA Posted May 15, 2012 Share Posted May 15, 2012 I wonder if my own nation will be just as immature. From the looks of what's going in in WI... Quote Link to comment Share on other sites More sharing options...
matt770 Posted May 15, 2012 Share Posted May 15, 2012 Even on the brink of complete disaster, the Greek citizens refuse to acknowledge reality by supporting fringe political parties that are promising an end to austerity. It's fascinating to watch an entire nation vote for it's own demise. I wonder if my own nation will be just as immature. Well, we'd never elect any politician who would truly do something about the national debt. Because that's gonna require the kind of severe cuts nobody wants. Maybe if we ignore the problem it will go away. Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 15, 2012 Share Posted May 15, 2012 Well, we'd never elect any politician who would truly do something about the national debt. Because that's gonna require the kind of severe cuts nobody wants. Maybe if we ignore the problem it will go away. we could vote Ron Paul in but congress would still prevent him from accomplishing what needs to be done... we would have a horrible 4 years, but the next president would look awfully shiny when the recovery begins some time under his term.... Quote Link to comment Share on other sites More sharing options...
Clubfoothead Posted May 15, 2012 Share Posted May 15, 2012 If the national debt were really a problem, fixing it would be a two way street comprised of spending cuts and increased taxes. :boring: Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted May 15, 2012 Share Posted May 15, 2012 Even on the brink of complete disaster, the Greek citizens refuse to acknowledge reality by supporting fringe political parties that are promising an end to austerity. It's fascinating to watch an entire nation vote for it's own demise. I wonder if my own nation will be just as immature. The issue isn't austerity, the issue is the rate of austerity. Germany has hopelessly f***ed this whole thing up by trying to fix the issue too quickly and has basically created a revolt. No-one denies Greece and the rest of the vacation resorts masquerading as countries need to reform, it's just that this can't be fixed in two weeks. It's similar to our own debt / deficit issues, especially with the entitlements - fixing the problems can be done but it can be done over decades, not by completely squelching growth, which is what the austerity level in Europe has done. Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 15, 2012 Share Posted May 15, 2012 The issue isn't austerity, the issue is the rate of austerity. Germany has hopelessly f***ed this whole thing up by trying to fix the issue too quickly and has basically created a revolt. No-one denies Greece and the rest of the vacation resorts masquerading as countries need to reform, it's just that this can't be fixed in two weeks. It's similar to our own debt / deficit issues, especially with the entitlements - fixing the problems can be done but it can be done over decades, not by completely squelching growth, which is what the austerity level in Europe has done. Germany is the only country in europe that isn't in trouble right now...everywhere else is extremely shakey Quote Link to comment Share on other sites More sharing options...
SheikYerbuti Posted May 15, 2012 Share Posted May 15, 2012 As Ursa touched on, in Greece ATM voting for austerity would mean killing your own family, voting against it means killing your country. Either way you're voting for chaos. Quote Link to comment Share on other sites More sharing options...
wiegie Posted May 16, 2012 Share Posted May 16, 2012 The issue isn't austerity, the issue is the rate of austerity. Germany has hopelessly f***ed this whole thing up by trying to fix the issue too quickly and has basically created a revolt. No-one denies Greece and the rest of the vacation resorts masquerading as countries need to reform, it's just that this can't be fixed in two weeks. It's similar to our own debt / deficit issues, especially with the entitlements - fixing the problems can be done but it can be done over decades, not by completely squelching growth, which is what the austerity level in Europe has done. Pretty decent analysis here. Quote Link to comment Share on other sites More sharing options...
muck Posted May 16, 2012 Share Posted May 16, 2012 Germany is the only country in europe that isn't in trouble right now...everywhere else is extremely shakey Arguably, Germany is shaky because they are the only one not shaky and they are all tied together via the Euro. Quote Link to comment Share on other sites More sharing options...
Avernus Posted May 16, 2012 Share Posted May 16, 2012 Arguably, Germany is shaky because they are the only one not shaky and they are all tied together via the Euro. While I agree, it is said they are trying to detatch themselves from the euro...allegedly Quote Link to comment Share on other sites More sharing options...
MrTed46 Posted May 16, 2012 Share Posted May 16, 2012 Basically forming the Euro currency was a CHIPS AHOY! idea Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted May 16, 2012 Share Posted May 16, 2012 While I agree, it is said they are trying to detatch themselves from the euro...allegedly If they do, the Euro is dead and their currency will soar like a hydrogen balloon, destroying the basis for their prosperity, which is exports. Basically forming the Euro currency was a CHIPS AHOY! idea As long as it is just economic and not political / fiscal, it's a crap idea. The only way this could really work is via political unity, or federation. Without that, the mismatch between the north of Europe and the south is just far too great to work. FWIW, literally everyone knew the Greeks were lying through their teeth when they "met" the terms of entry. They basically presented false books and the leaders of the Eurozone just winked at it because they wanted the Zone to grow above all else. Quote Link to comment Share on other sites More sharing options...
Clubfoothead Posted May 16, 2012 Share Posted May 16, 2012 If they do, the Euro is dead and their currency will soar like a hydrogen balloon, destroying the basis for their prosperity, which is exports. That and from what I've read, there is no language in the agreement forming the EuroZone that even permits withdrawal (by German) or even expulsion (for Greece). I haven't read the agreement to know if that is true or not,but I have read that in at least 3 different publications. Quote Link to comment Share on other sites More sharing options...
billay Posted May 16, 2012 Share Posted May 16, 2012 Given that the euro zone has already bailed out Greece to the tune of €12,000 per Greek citizen I'm inclined to be a bit more sympathetic to the German position. Quote Link to comment Share on other sites More sharing options...
godtomsatan Posted May 16, 2012 Share Posted May 16, 2012 Is that thing with Agammenon? Quote Link to comment Share on other sites More sharing options...
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