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  • German anger towards Greece mounts over bailout as Tsipras meets Merkel

    From theguardian.com

    At a newspaper kiosk in Wannsee, a well-to-do suburb in western Berlin, Christiane Schneider picks up her weekly television magazine and a book of suduko puzzles. She’s focused on finding out what’s on the television, sipping a coffee as she leafs through the listings. But the 67-year old retired bank clerk is easily distracted from the task when the question of Greece is brought up. “I really don’t know how much longer we should keep patting their backs and telling them everything’s going to be alright – here’s an extra 100m,” she says. “If my son kept coming to me for money to get himself out of ... (full story)

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  • Comment #1
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  • Mar 22, 2015 8:37pm Mar 22, 2015 8:37pm
  •  pippiphooray
  • | Joined Jul 2008 | Status: Member | 324 Comments
Few items...

"if my son kept coming to me for money to get himself out of trouble..." Comment. Greece is not the son of Germany, nor of Europe, but this whole bailing out process has been likened to this for quite some time. Perhaps, much like that the child, Greece needs to grow up into its own. Possibly, if Greece had been more mature, and not (with the assistance of GS) succumbed to peer pressure, they might not be in the EUR and we would not be having these ongoing conversations.

Also, given the monies that have flowed into Greece from the Eurozone, specifically Germany, has there not been enough "reparations"? I just think this rhetoric s is a bit overdone, and really takes away from the focus that Greece is one of the European economies that has not been able to stand on their own.

Thoughts?

Cheers, to a cruddy topic.
 
 
  • Comment #2
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  • Mar 22, 2015 9:55pm Mar 22, 2015 9:55pm
  •  spike00spieg
  • | Joined Mar 2011 | Status: Member | 159 Comments
On the other hand, Germany has an historical debt, to Greece and many other countries. At some point many they had their debt written off to not have another Hitler, also they made posibile the communism in eastern EU.
 
 
  • Comment #3
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  • Mar 23, 2015 3:46am Mar 23, 2015 3:46am
  •  Guest
  • | IP XX.XXX.114.149
Thats the problem with bailouts , they eventually collapse , Greece is merely the 1st , Bonds, Stocks Housing are next ..... its never "different this time"
 
 
  • Comment #4
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  • Mar 23, 2015 5:53am Mar 23, 2015 5:53am
  •  courtneywild
  • | Joined Feb 2008 | Status: Member | 165 Comments
Every week the press reckon its 'crunch week for Greece and the EU' yet every month that goes by I notice a new headline ... 'Greece to remain liquid until x date.' Today I see its 18th April. Are they printing Euros in the basement or something. Talk a Houdini, incredible.
It'll all work out in the end... and we will all live happily ever after in the EU.
 
 
  • Comment #5
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  • Mar 23, 2015 9:39am Mar 23, 2015 9:39am
  •  pippiphooray
  • | Joined Jul 2008 | Status: Member | 324 Comments
Quoting spike00spieg
Disliked
On the other hand, Germany has an historical debt, to Greece and many other countries. At some point many they had their debt written off to not have another Hitler, also they made posibile the communism in eastern EU.
Ignored
It would be tough to argue with the fact that crappy economic times brings dictatorships. People just don't go for that radical of a change when economic times are good. Keep printing, I guess...
 
 
  • Comment #6
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  • Mar 23, 2015 10:53am Mar 23, 2015 10:53am
  •  TheTopBloke
  • | Joined Sep 2007 | Status: Forex God | 1035 Comments
Quoting pippiphooray
Disliked
Few items...

Thoughts?
Ignored
Greece is a child spoiled rotten.
 
 
  • Comment #7
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  • Mar 23, 2015 10:54am Mar 23, 2015 10:54am
  •  TheTopBloke
  • | Joined Sep 2007 | Status: Forex God | 1035 Comments
Quoting spike00spieg
Disliked
On the other hand, Germany has an historical debt, to Greece and many other countries. At some point many they had their debt written off to not have another Hitler, also they made posibile the communism in eastern EU.
Ignored
LMAO! What?
 
 
  • Comment #8
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  • Mar 23, 2015 2:01pm Mar 23, 2015 2:01pm
  •  Ever E. Man
  • Joined Feb 2012 | Status: Grand Ultimate | 455 Comments
It's so easy to fault Greece for all it's problems, but why didn't the EU check Greece's credentials more carefully since they knew that it was the poorest EU country, had a history of lax tax collection, & was already deep in debt from its social programs?

Was the EU so delusional that it thought stripping it of all of its assets would somehow force it to become another Germany? Austerity has done nothing but wreck what was left of Greece's economy.

Once it became clear that it had "cooked the books", why didn't the EU kick it out of the single currency?

Giving Greece more & more loans which are impossible to pay back will only make its situation more hopeless.

Playing the blame game never really produces any worthwhile results.

Let the person who has never made a mistake throw the first stone.

good luck to all.
The mind thinks, the heart knows...
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.138.35
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  • Posted: Mar 22, 2015 5:11pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 8  /  Views: 2,531
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