tag:blogger.com,1999:blog-5882645467378797266.post5971025158106027785..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Alexis Tsipras Lost His Cool!kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger95125tag:blogger.com,1999:blog-5882645467378797266.post-41913418450547684632015-07-02T16:21:08.383+02:002015-07-02T16:21:08.383+02:00And you trust the eurozone? Their track record is ...And you trust the eurozone? Their track record is pretty clear.Guest(xenos)http://www.mmo.grnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-55092358542079623552015-07-02T16:20:30.026+02:002015-07-02T16:20:30.026+02:00Since you have so little concern for the pensioner...Since you have so little concern for the pensioners of Greece, on their behalf may I wish that you go bankrupt? Guest(xenos)http://www.mmo.grnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-19401624759103661542015-07-02T16:19:22.609+02:002015-07-02T16:19:22.609+02:00no, the financing of German and French banks by th...no, the financing of German and French banks by the poorer nations of the eurozone was a German decision. Do try to get your facts right.Guest(xenos)http://www.mmo.grnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-28098104827294314002015-07-02T12:26:30.797+02:002015-07-02T12:26:30.797+02:00A friend of mine yesterday aired some thoughts alo...A friend of mine yesterday aired some thoughts along the lines of Berliner. "For me this is about improving the competitiveness of Europe to satisfy our present lifestyle. Sending more money to Greece the last few decades has not proved to do that. When Greece have balanced their budgets and start paying back their loans, I suggest that they first pay back the loans to the countries with lowest GDP per capita, and highest growth potential. Greeks will scream that it is unfair, that these countries have enough investments and that Greeks have made the money. I will still maintain that, to have a good investment climate is a virtue in itself and should be rewarded. I will also maintain that Greece had no qualms when these people were paying for them. As for Germany and company I think they would see the logic of it, a given investment in a low developed country as Lithuania will yield much more than in a highly developed country as Germany."<br />LennardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-9897070402867120692015-07-02T10:15:41.663+02:002015-07-02T10:15:41.663+02:00Tsipras and Syriza have for 5 months been riding t...Tsipras and Syriza have for 5 months been riding the high moral horse. He also think that nations with lower GDP than Greece should pay for a Greek life style that they cannot afford to give their own citizens. I find that a deficiency of moral.<br />Berliner Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-91370867124552776322015-07-01T15:10:23.060+02:002015-07-01T15:10:23.060+02:00Wait a minute. This author is totally right. If al...Wait a minute. This author is totally right. If all the Greek financial and other material assets returned to the country from offshore, Greece would be blossoming.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-2394368448701186482015-07-01T15:09:05.811+02:002015-07-01T15:09:05.811+02:00The way I understand it, the ESM is only an execut...The way I understand it, the ESM is only an execution arm within Troika programs. I do not believe the ESM could approve a loan on its own if it is not incorporated into a program.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-33220926591263427682015-07-01T13:30:20.051+02:002015-07-01T13:30:20.051+02:00"And internal debt obligations". Yes the..."And internal debt obligations". Yes they would promptly be used for tax and mortgage amnesty. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-53886907282308345142015-07-01T12:55:39.827+02:002015-07-01T12:55:39.827+02:00Many Greek businesses have stopped paying wages.
...Many Greek businesses have stopped paying wages.<br /><br />Syriza has dropped a nuclear bomb over the Greek economy and seems unaware of it.Jim Sliphttps://www.blogger.com/profile/15325962115410722474noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-51177966164686075522015-06-30T23:01:01.339+02:002015-06-30T23:01:01.339+02:00Perhaps because it cuts out the IMF, Syriza rhetor...Perhaps because it cuts out the IMF, Syriza rhetoric seems to be harsher towards IMF than EU. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-29410688809038643842015-06-30T22:52:12.175+02:002015-06-30T22:52:12.175+02:00Again, a nasty reply. FYI: I resided in Athens (an...Again, a nasty reply. FYI: I resided in Athens (and partially in Vienna) from 1999 to July 2014. It is less than a year ago that I left. Satisfied?<br /><br />And as far as being an ally to the community is concerned, I am continuously being asked when I will return by many Greek friends, and even former neighbours that I speak with. One recent contact (a lawyer) asked if I have Greek ancestors, because she could try to arrange Greek citizenship for me. Alas, I do not. But I feel welcome there, part of the community, and respected. Your opinion does not impress me.Guest(xenos)http://www.mmo.grnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-2719023843098754202015-06-30T21:56:21.875+02:002015-06-30T21:56:21.875+02:00@Anonymous. We do not disagree on short term outco...@Anonymous. We do not disagree on short term outcomes, which is your criterion. What you write is 100% correct, and I suspect that even Syriza might agree with you. My own view is that history will be the judge; after 5 years of horrendous economic suffering by many, it is not so realistic to expect a resolution in 5 months. Tsipras and Varoufakis hoped for it, and promised it, but they are optimists. I am very sceptical about the goodwill of Europe, and consider that they are foolish bullies. Such people (I have met and worked with many) respond to only one thing: the brutal exercise of power. This is what Syriza is now trying to do with Europe, but it is also a terrible thing for the Greek people to suffer. Let us hope that the bullies are sufficiently scared, after looking into the abyss. (My fear is that they are stupid enough not to know what they are looking at.)Guest(xenos)http://www.mmo.grnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-73848244669573946862015-06-30T21:18:22.153+02:002015-06-30T21:18:22.153+02:00SKAI News: journalistic information says that mini...SKAI News: journalistic information says that minister Dragasakis had adviced Tsipras to sign the deal. Tsipras didn't listen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-27204695348772947902015-06-30T19:43:49.605+02:002015-06-30T19:43:49.605+02:00You and I agree on wishing Greece the best. The r...You and I agree on wishing Greece the best. The rest of it is something of an issue. When I judge whether the leadership of a country has done well, I simply ask if things are better off than what they inherited. I think Greece is worse off now than when Tsipras took over a short while ago. He inherited a bad situation and made it even worse. I don't see surprising the other parties with the zone with the referendum has won him much support or trust outside of Greece. Unfortunately support outside of Greece is what is needed. That is both bad leadership and bad negotiating, not skilled tactics.<br />His party will not be undone by other non-Greek leaders but by its own inability to govern and negotiate. I fear more turbulent days are ahead for Greece. I truly wish the best for a quick resolution.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-9431134417052476082015-06-30T19:22:05.023+02:002015-06-30T19:22:05.023+02:00After five months of nothing - as the Gameplan str...After five months of nothing - as the Gameplan strikes back Tsipras slowly terminate himself in empty buzzword rhetorics that will seal his fate - soon.<br />A true ancient Greek destiny drama about hubris...<br />https://youtu.be/7MnkJTgQyKA<br /><br />---<br />There are reports from Athens that some firms have been pushing their staff to take part in tonight’s Yes rally.<br />The labour inspection of the Greek ministry of work and social insurance says that it has been receiving dozens of complaints since early this morning about employers trying to force their employees to participate in the "yes" demonstration this evening. The attempt appears to be well organised and the employees are told to gather at certain places where they will be given placards and whistles and be marched to Syntagma. Those who don't go are threatened by immediate dismissal.<br /><br />The attempts to force employees to the demonstration are made at all sorts of companies, mostly big and medium-sized. The ministry mentions shipping companies, companies trading in foodstuffs, German companies trading electric goods and insurance companies explicitly, but adds that the complaints come "from everywhere imaginable". <br />---<br />Greece threatens top court action to block Grexit<br />Exclusive: European leaders warn in concert that a 'No' vote on Sunday means Greece will be pushed out of the euro <br />---<br /> Merkel: no negotiations before the referendum<br /><br />Some cutting comments from Angela Merkel today who has reportedly told her parliamentarians there will be no discussions over a no new deal until after Sunday's referendum <br />---<br />Here it is in its full glory.<br /> Greeks make new bail-out application and extension of current deal<br /><br />It reads: "As you are aware, the Republic faces urgent and press financial problems in the second half of 2015 and for the whole of 2016..."<br /><br />"Greece requests financial stability support from the ESM in the form of a two-year loan as all of the conditions provided in Article 13 of the ESM Treaty and in Article 2 in the Guidlines are met. The loan will be used exclusively to meet the debt service payments of Greece's external and internal debt obligations". Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-908842314160361672015-06-30T17:38:56.129+02:002015-06-30T17:38:56.129+02:00Xenos - I am not accusing you of anything. I'l...Xenos - I am not accusing you of anything. I'll let your words speak for themselves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-41337304567968654872015-06-30T17:06:18.280+02:002015-06-30T17:06:18.280+02:00http://tinyurl.com/esm-fakelaki
Tsipras Can I Have...http://tinyurl.com/esm-fakelaki<br />Tsipras Can I Have My Fakelaki Now Moment<br /><br />Mr Kastner.<br />Thanks for the best Greece blog out there.<br /><br />What is the qualitative differences between the Program and the ESM loan?<br />Why would Tsipras go for ESM rather than the Program...?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-22067964982866553192015-06-30T16:56:22.218+02:002015-06-30T16:56:22.218+02:00You were a banker, you are supposed to be more dow...You were a banker, you are supposed to be more down to earth and cynic than to believe that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-75386838861323165732015-06-30T16:29:28.679+02:002015-06-30T16:29:28.679+02:00Some far-fetched arguments have been made about wh...Some far-fetched arguments have been made about who started the bank run. Statistics of the Bank of Greece offer help (see link below).<br /><br />Deposits from domestic savers had reached an all-time high of 243 BEUR in September 2009, when a gradual decline set in. In the spring of 2010, when the crisis was top news, major declines occurred but they levelled out in the second half of the year. At year-end 2010, deposits were around 210 BEUR.<br /><br />Was that a run? When a banking sector loses about 15% of its deposits within one year it certainly is a run, albeit in slow motion. Had there not been ECB funding, the banking sector would have collapsed.<br /><br />There were no dramatic declines during 2011 but the slow-motion run continued and by year-end 2011, deposits were about 175 BEUR. Down another 15%.<br /><br />The were some bumps around the debt restructuring in early 2012 but by and large things had stabilized. Some deposits even returned. The level of deposits remained quite stable around 170 BEUR until --- the end of November 2014. And then something hit the fan.<br /><br />In December 2014, deposits declined about 5 BEUR. In Januray 2015, about 13 BEUR. In February about 8 BEUR. By the end of May, deposits had declined to 134 BEUR. The total decline in the 6 months beginning with December 2014 was 36 BEUR. A bank run like in the rule book. Anyone who argues that the bank run started (or was started) in June of 2015 is not playing with a full deck of cards. <br /><br />What actually happened in December 2014 which started the dramatic decline. I have a short memory but something tells me that that was the month when SYRIZA began making noises.<br /><br />Another point deserves attention. In January 2001 (I believe that's when Greece started with the Euro), bank deposits were 110 BEUR. In only 8 years of Eurozone membership, deposits went from 110 BEUR to 242 BEUR. <br /><br />Zoe Konstatopouou, the speaker of the Greek parliament, is researching where all the debt money went. Well, she can find part of the answer in the statistics of the Bank of Greece. When the state assumes foreign debt, it leads to an wonderful transformation from debt into private incomes and wealth.<br /><br />Please note that the 3-digit BEUR which Greek residents hold in bank accounts outside of Greece are not included in the above.<br /><br />http://www.bankofgreece.gr/Pages/en/Statistics/monetary/nxi.aspxkleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-9654049230179612872015-06-30T15:32:43.351+02:002015-06-30T15:32:43.351+02:00@Anonymous: your disability seems to be that you a...@Anonymous: your disability seems to be that you are a rather unpleasant person. You seem to be accusing me of lying and hypocrisy, presumably because you disagree with my analysis of the situation.<br /><br />As for the link, the article was written by a reputable person. The actual publication does not attract my respect. Perhaps you could break away from your rigid and conformist mindset and consider that quality is determined by individuals and not by where they are born, studied, live or are published in.Guest(xenos)http://www.mmo.grnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-81496242485567025542015-06-30T15:22:47.374+02:002015-06-30T15:22:47.374+02:00Perhaps the commentators will benefit from this ar...Perhaps the commentators will benefit from this article titled "If the Greeks did this, the crisis would be over":<br /><br />http://wolfstreet.com/2015/02/26/whats-wrong-with-our-dear-greeks/kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-44242001334219096052015-06-30T15:01:13.537+02:002015-06-30T15:01:13.537+02:00Xenos - on KTG you tore a commenter a new one for ...Xenos - on KTG you tore a commenter a new one for "daring" to link to the (paraphrased) rag for the rich called Forbes. But now, once you find an article that supports your biases, it is suddenly ok for you to link yourself? All I'm taking home from your comments, to be frank is "I'm God and anyone who doesn't think like me is an idiot, imbecile, moron, fascist, (and some unprintable words)." I don't even know whether I should believe you anymore with respect to anything you say - one day you say you live in Greece, another day you say you will return there. Whatever.<br /><br />As a person with a disability, I've regularly encouraged people to read up on how to be an ally to a community. I suggest you do the same, because what you're doing right now is a textbook example of how not to be an ally to the Greek people, and doing more harm than good to a cause.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-16494874066893391772015-06-30T15:01:01.035+02:002015-06-30T15:01:01.035+02:00Greek D(efault)-Day Arrives
Harry Theoharis @...Greek D(efault)-Day Arrives<br /><br /> Harry Theoharis @htheoharis<br /><br /> Υπάρχει ήδη στο Μέγαρο Μαξίμου ομάδα με στελέχη του ΓΛΚ που δουλεύει το σχέδιο για να μας πάει στη δραχμή #vouli #topotami<br /><br /> #ToPotami MP @htheoharis just tweeted that there's a team from the General Accounting Office in Maximos Bldg preparing plan for drachma!<br /><br />tinyurl.com/gamofokis-default<br />GREEK FINANCE MINISTER SAYS GREECE WILL NOT PAY IMF ON TUESDAY<br /><br />Tsipras desperate for a facesaving-dignity deal. Maybe some old fashioned fakelaki would push it over the edge. <br />(paid in Drachma, of course)<br /><br />Greece, Where all are winners!<br />Scandal! Greece turns ‘fakelaki’-bribes legal through law provision<br />keeptalkinggreece Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-61896513896767532952015-06-30T14:56:00.293+02:002015-06-30T14:56:00.293+02:00I also hope that the government will be unable to ...I also hope that the government will be unable to pay the upcoming pensions in their entirety (a sure outcome at some point, but the sooner the better). People need to be aware of the consequences of "no".Jim Sliphttps://www.blogger.com/profile/15325962115410722474noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-54126190741257225872015-06-30T13:15:37.130+02:002015-06-30T13:15:37.130+02:00Το AnonymousJune 30, 2015 at 10:43 AM
First thing...Το AnonymousJune 30, 2015 at 10:43 AM<br /><br />First things first. The majority of Greeks is losing trust on SYRIZA on being able to uphold any promise.Anonymousnoreply@blogger.com