Comments on: Greece: falling apart http://www.creditwritedowns.com/2012/02/greece-falling-apart.html Finance, Economics and Markets Wed, 23 May 2012 01:55:46 +0000 hourly 1 By: Norme http://www.creditwritedowns.com/2012/02/greece-falling-apart.html#comment-80884 Norme Sat, 11 Feb 2012 11:19:42 +0000 http://www.creditwritedowns.com/?p=42019#comment-80884 So, what you're saying is they are achieving cuts in public wages and pensions already. Cool. So, what you’re saying is they are achieving cuts in public wages and pensions already. Cool.

]]> By: Dan http://www.creditwritedowns.com/2012/02/greece-falling-apart.html#comment-80875 Dan Fri, 10 Feb 2012 22:08:20 +0000 http://www.creditwritedowns.com/?p=42019#comment-80875 "I do not anticipate this government will be re-elected." Most people would argue that this wasn't really a government resulted from an electoral process anyway. When the great European Powers dictate what other nations should or should not do, tensions will arise. Debts that can't be repaid, won't be. It's not like it wasn't known in official circles that Greece (their political class) was taking advantage of the EU system and spending money it didn't have. Greece was tacitly allowed to get so far off the point of no return. "Once the masses have lost everything they will through out the politicians. Maybe the stripping of political privileges will follow, no more pensions for politicians, or forcing them to accept significant pay cuts?" Well, that could happen, but it's not like most politicians actually depend on their pensions. ;) The more worrying development would not be strictly internal. Extremist elements may eventually organize and identify a foreign enemy, and fight it using "unconventional" attacks on its soil. “I do not anticipate this government will be re-elected.”

Most people would argue that this wasn’t really a government resulted from an electoral process anyway. When the great European Powers dictate what other nations should or should not do, tensions will arise.

Debts that can’t be repaid, won’t be. It’s not like it wasn’t known in official circles that Greece (their political class) was taking advantage of the EU system and spending money it didn’t have. Greece was tacitly allowed to get so far off the point of no return.

“Once the masses have lost everything they will through out the politicians. Maybe the stripping of political privileges will follow, no more pensions for politicians, or forcing them to accept significant pay cuts?”

Well, that could happen, but it’s not like most politicians actually depend on their pensions. ;) The more worrying development would not be strictly internal. Extremist elements may eventually organize and identify a foreign enemy, and fight it using “unconventional” attacks on its soil.

]]> By: The Grexit is coming sooner or later « naked capitalism http://www.creditwritedowns.com/2012/02/greece-falling-apart.html#comment-80870 The Grexit is coming sooner or later « naked capitalism Fri, 10 Feb 2012 20:26:51 +0000 http://www.creditwritedowns.com/?p=42019#comment-80870 [...] just as it came back in the 1930s because a shrinking pie produces an us versus them mentality. See here and [...] [...] just as it came back in the 1930s because a shrinking pie produces an us versus them mentality. See here and [...]

]]> By: David Lazarus http://www.creditwritedowns.com/2012/02/greece-falling-apart.html#comment-80863 David Lazarus Fri, 10 Feb 2012 18:07:25 +0000 http://www.creditwritedowns.com/?p=42019#comment-80863 Today another four resigned from the coalition. If the Germans or French were told that they needed to surrender sovereignty of their budget process I doubt that they would accept it either. Quite frankly with the anti german feelings in Greece I am surprised that the embassy has not been burnt down by now. Maybe it is just a matter of time. Once the masses have lost everything they will through out the politicians. Maybe the stripping of political privileges will follow, no more pensions for politicians, or forcing them to accept significant pay cuts? Today another four resigned from the coalition. If the Germans or French were told that they needed to surrender sovereignty of their budget process I doubt that they would accept it either. Quite frankly with the anti german feelings in Greece I am surprised that the embassy has not been burnt down by now. Maybe it is just a matter of time. Once the masses have lost everything they will through out the politicians. Maybe the stripping of political privileges will follow, no more pensions for politicians, or forcing them to accept significant pay cuts?

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