Comments on: Counterparties: Greece votes

By: OnkelBob

OnkelBob — Sun, 17 Jun 2012 16:54:07 +0000

Couple of things, how did the Greek crisis come about? Greece was a poor debt risk prior to the EU Zone inclusion who suddenly they became AAA rated because they moved into a high class neighborhood. IMO the people that loaned them the money are more culpable than the borrowers. There was no change in the conditions, and the lenders had no reason to offer generous terms to a known risk. Now whether this will factor into debt negotiations is unknown; however, when the haircuts and Grexit come about, I’m leaning towards banksters and credit rating agencies for paying the biggest portion of the check.
BTW can someone inform me which US presidents were “convicted”? I am aware of two being impeached, but not being convicted by the Senate. I have heard of Chomsky’s famous claim about culpability under Nuremberg rules, but I am unaware of any brought before any tribunal, let alone convictions. Perhaps the reader thinks Charles Johnson was a US president.

By: scythe

scythe — Sun, 17 Jun 2012 12:16:57 +0000

(quote) “the Greek political system is the way it is because the Greek people are they way they are”

fatuous logic – equally impossible to argue that all americans are war criminals because they elected two presidents convicted of war crimes

prejudiced, stereotyped thinking

we don’t need a comments board to argue that there are honest greek citizens frustrated by the fakelaki political system

similarly there are good israelis and rabbis opposed to the immoral activities of their government against palestinians – you don’t condemn all israelis/jews/rabbis on the basis of netanyahu’s government

george bush jnr come to mind?

you already know this – but you can have some slack in so far as change has to come from within greece and the greeks

By: Stocktipsinvest

Stocktipsinvest — Sat, 16 Jun 2012 23:53:24 +0000

The crisis in Greece is a reflection of the crisis throughout Europe. What happens is that a country is small and more vulnerable. But the problem is the same. I think we are witnessing one of the greatest crises of recent times. We must be prepared to withstand this crisis … and if possible, benefit from it. It may sound hard, but it is our personal responsibility and family.

By: Besanson

Besanson — Sat, 16 Jun 2012 23:46:10 +0000

We just made a video on the Euro Zone situation.

Get your Macro Right! Show is the third video of the Fun & Finance´s Second Season.

In this episode –recreating a television game show- we talk about: the role of Central Banks, the Euro Zone, Latin America, among other subjects.

https://vimeo.com/44127646

Best

Gaston

By: TFF

TFF — Sat, 16 Jun 2012 19:12:36 +0000

What difference does it make? If you wish to criticize the power structure, don’t blame it on the young. That’s all. Sometimes the younger generation follows in the footsteps of their fathers. Sometimes they strike a new direction. Either way, the present situation is not their fault.

By: MrRFox

MrRFox — Sat, 16 Jun 2012 12:30:10 +0000

@TFF – youth are rarely at the power-position of anything. Last time I can recall something approaching that was in Cambodia with the KR. Even then, they were pretty much front-line only. What difference does it make, anyway? – unless you presume the young are more upstanding than their seniors. That hasn’t been my experience anywhere in the Third World over the past 20 years.

By: TFF

TFF — Sat, 16 Jun 2012 12:16:42 +0000

@MrRFox, the youth are rarely in charge of the political establishment. A common thread between the US, Egypt, and Greece perhaps?

By: MrRFox

MrRFox — Sat, 16 Jun 2012 08:51:24 +0000

@Scythe – Oh please cut me a little slack, Scy, and then answer me one question about this –

“it is repugnant to human decency to condemn all Greek people for the … behaviour of greek politicians and their fakelaki economy”

Is it also repugnant, politically incorrect and un-Felix-blog-like to inquire if maybe – just maybe – the Greek political system is the way it is because the Greek poeple are they way they are?

By: scythe

scythe — Sat, 16 Jun 2012 07:04:06 +0000

Nikos Konstandaras article was reflective and well-written

@ f.fursty – reference to the constantinople and asia minor in the penultimate article was a mere three lines – one sentence;

methinks you protest too much

By: scythe

scythe — Sat, 16 Jun 2012 06:55:30 +0000

(quote) “Greek eyebrows in student-debt”

not all EU universities charge tuition fees

it is repugnant to human decency to condemn all Greek people for the ugly, corrupt, mendacious (…. add your own vilification) behaviour of greek politicians and their fakelaki economy

there is a difference between criticising political governance in a country and stereotyping its ordinary inhabitants

the younger Greek population should find happier prospects in the EU single market – at least temporarily

the malignant mindset of global vampire g$ldman-sachs would be more accurate

By: MrRFox

MrRFox — Sat, 16 Jun 2012 03:40:34 +0000

@RyanM – about this part -

“A recent study, he writes, suggests that 7 out of 10 Greeks between the ages of 18 and 24 hope to leave their country for a better economic climate.”

Wherever they go, they’ll just be bringing the malignant Greek mind-set with them, won’t they? If the HuffPo piece is accurate, look for them to end up Stateside – and up to their Greek eyebrows in student-debt in like no time at all. That should please quite a few posters on this blog-page.

Anyway – bet you 1 gram of Felix’ gold that Sunday’s election turns out to be almost as much of a yawner as Y2K – remember that? Game?

By: f.fursty

f.fursty — Sat, 16 Jun 2012 00:58:25 +0000

I didn’t find that NY Times op-ed a “must read.” I found it quite hysterical. Things are bad, to be sure, but to compare this to the fall of Constantinople or the expulsion and murder of Greeks in Anatolia… that is just silly.

We need to get a grip. It will be grim if Greece leaves the Euro, but perhaps no grimmer than things are now, and almost certainly won’t be marked by mass murder.