Copied from Bloomberg or some news site...
Please do the right thing.
Your country is in dire straits. It needs help.
Protesting does not help the country.
It just pushes Greece further into shambles and becoming the pariah of the world.
It’s far better to have less money with a pay cut, than no money.
Provision of much salary now hinges on foreign aid. Right?
Others are trying to help. But first you must help yourselves.
Your government has recognised the problems and is trying to rectify them. Please help them do so.
Your nation is sick and needs to be treated. The medicine may be bitter but in the long run, you’d emerge stronger.
Please do the honourable thing. Have pride. Take remedial actions, endure now & return what is owed in due time.
Ireland is improving. You can do too.
Wish you well.
Every country has their greedy power crazy fools. Greece is not an exception.
However, Greece is not the U.S. either. Once awakened, the Greeks can simply decide to remove their government, kick out all foreigner scum bags, eliminate the Euro dollar, and then go have coffee.
In order to clean up Greece for real, they will need to do a clean sweep of their country by first removing all of the Euro trash.
This reminds me of a movie where the Mobs beating up this guy to a brink of death while simultaneously keeping him alive with blood transfusion so they can continue beating him more. The Greek people can no longer tolerate this punishment and wanting to default yet the EU wants to keep them alive with new blood (next tranche) so the Greeks can continue to suffer under an even harsher draconian austerity.
You guys are truly 1d10ts. Things in Greece are even nearly as bad as you make them out to be. Don't believe the propaganda. The strikes/protests are organized from opposing political parties (staged). Greeks always protest loud, even in good times.
Unlike the United States, where "real protesting" is pretty much illegal, there is a strong inherited belief within the Greek society that the freedom to protest (non-violently) is what a democracy is all about. And for you illiterates here bashing Greece, democracy is NOT an American concept. The term comes from the Greek: δημοκρατία – (dēmokratía) "rule of the people", which was coined from δῆμος (dêmos) "people" and κράτος (Kratos) "power", in the middle of the 5th-4th century BC to denote the political systems then existing in some Greek city-states.
The austerity measures are good for Greece. When the recession ends, Greece's GDP will turn positive. By that time, Europe will probably end up printing euro's, and help alleviate the debt burden from all the peripheral countries. Essentially, a default but in slow motion.
Exactly what is happening here.
Greece isn't Ireland. Greece can't grow itself out of this. If they can't devalue their currency, which is the auto-response to something like this, then it has to export its way out. Greece has nothing to export, while Ireland is firmly ensconsed in IT and pharma - they are a major exporter, given their population. With patience, lots of it, Ire;and will be fine. Greece can never repay what it owes, so dafault is unavoidable. And the sooner the better, bondholders simply have to accept a big haircut.
When did bonds become inviolable? They are an investment, like everything else. Greek bonds were a poor investment by any measure, but many believed that no matter what, the Eurozone would not allow Greece to default, so some continued to purchase bonds, even as the bonds themselves were screaming 'impending default' at the top of their 'lungs'. But the buyers thought they were totally safe, like taking candy from a baby, despite the 2 digit and even 3 digit interest rates. Buyers were wrong 2 years ago, and 1 year ago, 2 months ago and now. When you make a bad choice in this investment 'thing', you lose some of the money, sometimes all of it, but not, it seems, for these boys.
This is not a free market. In a farcical, twisted and cruel irony, the safety net that the right so routinely disparage is still there, but it exists for bondholders and the like only; immensely wealthy men and/or groups of men, who have been playing Russian roulette with the well-being of ordinary people and indeed, with the well-being of the globe. And why not? They have nothing to lose, their investments are practically guaranteed by governments around the globe.
The last 10 years (30-40 actually) have been a unrelenting transfer of wealth from the lower and middle classes to the very rich and powerful. The sub prime bubble should have been considered treason; it was the beginning of a long, slow descent into poverty for the American and Western middle classes, the regular folk. It was a crime against humanity, and it was orchestrated - it did not just happen, we weren't just unfortunate. We were betrayed. A great life with tons of money wasn't good enough for the big boys; they wanted it all, even if they have to beggar thy neighbour to do it. They enjoyed it.
Just began reading " Boomerang".
It tells what is really going in the Eurozone.
My bet is that Greece will be booted out.
Get to work, clean your dirty Country, star paying taxes, do something useful for Humanity ; the World does not owe you a thing.
Get a copy of "Zorba" and get real.
The the vast majority of Greek population expects the state banktrupcy inevitable.
The weekend's To Vima newspaper published a poll that 67.3 percent of the population thinks the state insolvency is no longer possible to avoid. But 70 percent of polled still not want to leave the euro area. Only 20 percent support the reintroduction of the former Greek currency, the drachma.
A representative survey of the absolute majority of respondents, 58.9 percent supported the widespread job cuts in the state sector.