What a lovely sight to see, the socialist parasites back stabbed by one of their own. Who would of thought such a thing was possible? Well, well they caved. Now the hard work begins as the taxman cometh. Don’t forget, the Greeks still owe the money, there was no debt haircut, but a loan extension to help them surmount the proverbial bump in the road. But darker days still lie ahead. The retirement age has been pumped up to 67, taxes increased and other fiscal measures which will dig deep into the Greek way of life – the dolce vita.
During the bank shut down the economy has not collapsed; depositors were allowed to take out 60 Euros a day from the ATM’s. We can hazard a guess that many Greeks did not have to resort to the ATM because they hid much of their underground money in the mattress. This was a very savvy position to take for those entrepreneurs, for they knew that paying taxes on under the table work would involve a transfer of wealth; paying for the life of leisure parasites, many who were on the government dole, was not their cup Ouzo.
The Greeks have cast their vote in favor of Syriza who hailed the exit polls as “a return of social dignity and social justice.” Their socialist campaign message centered on the hardship imposed by the European Central Bank and IMF; austerity was a necessary evil to bring the country back from the abyss, but with Greek unemployment reaching toward 30% the citizens felt that the suffering must end.
The government of Greece employs 41% of the working populations. They enjoy benefits only a CEO could dream of. The root of the problem is the condoning of deficits by political liberals who enjoyed the good life at the top of government year after year; , winning elections as long as they kept the spigots open. Sounds similar to politicians here in the United States.
So now we can look forward to tumultuous days ahead, the possibility of them leaving of the EURO, inflation, reneging on their debt and ultimately bankruptcy. It appears that Greece cooking the books is one recipe that may ultimately payoff – DEBTORBEWARE!
Give them MORE money, a breather of sort, to get their act together, and what do they do, spit in your face, blame you for their fate and when you are not looking tell you to shove it where the sun don’t shine. So that is the thanks the EU Central bank gets for loaning the Hellenistic leaches $290 billion. The story is about to culminate in a bloody climax soon pitting austerity vs socialism.
After years of tough budget cuts, Greece’s economy is emerging from recession but the radical left Syriza party is leading in the opinion polls. Its leader says “austerity will be history” if Syriza wins on 25 January. The Syriza leader told supporters that the vote had marked the “end of the regime that sank the country into poverty, unemployment, grief and desperation.” German Finance Minister Wolfgang Schaeuble said there was “no alternative” to structural changes.
Bailouts put the squeeze on the budget cheats, the socialist cookers of the books, now they want to return to their paper hanger ways. Audacity from a bankrupt nation that has little bargaining power. A word to their bankers, learn from past mistakes, don’t throw good money after bad. With a 25% unemployment rate, an economy in tatters, most citizens looking for a free meal and most of all a country which is sinking faster than the Titanic ever did. Time is to let them hit rock shoals where the birds of prey will gladly carve up what remains.
The government of Greece employs 41% of the working populations. They enjoy benefits only a CEO could dream of. The root of the problem is the condoning of deficits by political liberals who enjoyed the good life at the top of government year after year, winning elections as long as they kept the spigots open. Sounds similar to politicians here in the United States.