Greece is toast and the EU is doomed! Elena Becatoros and Demetris Nellas wrote the article, Greece enters uncharted territory after referendum 'no' vote, saying:
“Greece lurched into uncharted territory and an
uncertain future in Europe's common currency Sunday after voters overwhelmingly
rejected demands by international creditors for more austerity measures in
exchange for a bailout of its bankrupt economy. Results showed 61 percent voted
"no," compared with 38 percent for "yes," with 93 percent
of the vote counted. The referendum - Greece's first in more than four decades
- came amid severe restrictions on financial transactions in the country,
imposed last week to stem a bank run that accelerated after the vote was called
thousands of jubilant government supporters celebrated in Syntagma Square in
front of Parliament, waving Greek flags and chanting "No, no, no!" It
was a decisive victory for Prime Minister Alexis Tsipras, who had gambled the
future of his 5-month-old leftist government - and his country - in an
all-or-nothing game of brinkmanship with Greece's creditors from other European
countries that use the euro currency, the International Monetary Fund and the
European Central Bank."Today we celebrate the victory of democracy,"
Tsipras said......"a bright day in the history of Europe." "We
proved even in the most difficult circumstances that democracy won't be
blackmailed"
Prime Minister Alexis Tsipras - are you really that
stupid? Just how is insisting you pay your bills and repay the money you
borrowed with promises you clearly were unable to keep and clearly never
intended to keep - blackmail? Where are you seeing a bright day in all of this?
As for the brain dead people who applaud you –they’re blithering idiots.
Those of you who've been reading P and D for some time
know I believe Greece is toast and should be! This week a friend was telling me
how badly he felt for the Greeks. He said he was shocked they can't even draw
all their money out of the bank – “How can they do that”, he asked? I told him
this was just the beginning. The government will eventually confiscate all the
money in the banks, and now it's already being talked about. I also told him I
wasn't the least bit sorry for the Greeks - they brought this on themselves and
they deserve whatever happens to them.
He wasn’t alone in his disbelief though. In Mark Steyn’s
article, Big Fat Greeks, and Weddings he
quoted Angeliki Psarianou, a 67-year-old retired public servant, who stood in
the drizzle after arriving too late at one empty ATM in the Greek capital. "How can
something like this happen without prior warning?" His answer to Ms.
Psarianou? “Don't you just hate it when the Germans refuse to re-fill your ATM?” Especially since she’s a retired government “worker” (later you will see why I deliberately
put that in quotes) is one of the major reasons Greece is going down the
toilet.
Somehow they think this vote gives them leverage with
creditors and lenders. Why? Are they that delusional? Or is it possible the
birth place of logic has now abandoned any resemblance to their ancestors and
gotten completely stupid? Both! When one adopts socialism it requires a level
of delusional stupidity that's incomprehensible to the rational mind. What
exactly do they think they have to bargain with? They have no assets, they have
no money, and although on paper they should have a thriving economy – they’re
in the toilet.
Here's what fascinates me. The population of Greece is
11.03 million people. The population of Ohio is almost 11.59 million people,
and the population of the Greater New York City Metropolitan area is 19 million
950 thousand people. How did they get into such trouble with that few people?
It's simple. They have a burdensome incompetent bureaucracy, their citizenry
demand great benefits and yet fail to pay their taxes, there is a high level of
corruption and they're ability to compete in the global marketplace is low.
If they can't pay the interest on the loans they already
have, what makes them think they can convince someone to give them more loans.
One Greek citizen, Yiannis Gkovesis 26, says "We don't want
austerity measures anymore. This has been happening for the last five years and
it has driven so many into poverty, we simply can't take any more
austerity," First of all, the so-called austerity programs never went
into effect, so how did he suffer?
Steyn points out another major problem. Their birth rate!
He notes: “The
United States has a fertility rate of around 2.1 — or just over two kids per
couple. Greece, as I pointed out in America Alone, has one of the lowest
fertility rates on the planet - 1.3 children per couple, which places it in the
"lowest-low" demographic category from which no society has recovered
and, according to the UN, 178th out of 195 countries. In practical terms, it
means 100 grandparents have 42 grandkids – ie, the family tree is upside down.”
The Greeks somehow think 42 future people will pay off
the waste, corruption, greed and profligacy of 100 people today. Steyn goes on
to say:
Greek public sector employees are entitled not only to
14 monthly paychecks per annum during their "working" lives, but also
14 monthly retirement checks per annum till death. Who's going to be around to
pay for that?
So you can't borrow against the future because, in the
crudest sense, you don't have one. Greeks in the public sector retire at 58,
which sounds great. But, when ten grandparents have four grandchildren, who
pays for you to spend the last third of your adult life loafing around?
Greek public servants have their nose to the
grindstone 24/7: They work 24 hours a week for seven months of the year. It's
not just that every year you receive 14 monthly payments, but that you only do
about 30 weeks' work for it. For many public-sector "workers", the
work day ends at 2.30pm. Gosh, when you retire on your 14 monthly pension
payments, you scarce notice the difference, except for a few freed-up
mornings...
Greeks are going to learn about reality the hard way –via
some very unpleasant experiences. The problem with socialism is you eventually
run out of other people’s money and when they finally realize they’ve nothing
to bargain with rioting will undoubtedly break out as it has in the past.
No comments:
Post a Comment