Saturday, February 6, 2010

Slow Saturday Special: Greecing Up the E.U.

Related: Greeks Get Change

Think that has something to do with their money woes?

"Greece’s fiscal crisis proves biggest test for euro zone; Elements of EU politics at heart of matter" by Steven Erlanger, New York Times | February 6, 2010

PARIS - What began with worries about the solvency of Greece in the face of high deficits, fake budget figures, and low growth has quickly become the most severe test of the 16-nation euro zone in its 11-year history.

Anxieties about the health of the euro, which have spread from Greece to Portugal, Spain, and Italy, are not simply a crisis of debts, rating agencies, and volatile markets.

The issue has at its heart elements of a political crisis, because it goes to the central dilemma of the European Union: the continuing grip of individual states over economic and fiscal policy, which makes it difficult for the union as a whole to exercise the political leadership needed to deal effectively with a crisis....

Translation: Our global government models are in trouble. I guess looting the people didn't work out to good for them, huh?

The ratio of Greece’s public debt to its gross domestic product is no higher than Germany’s, and Greece has not defaulted, Jean-Paul Fitoussi, professor of economics at the Institute of Political Studies in Paris, said, but European leaders have done too little to calm the markets and rating agencies.

While no one expects that the European Union will allow Greece or the others to default or the euro zone to collapse, European leaders and the Central Bank will almost surely have to bend the rules to provide guarantees or loans, if necessary. But even tiding over countries in trouble will not solve the main flaw in the euro: the sharp divergence of national economies that share a common currency without significant fiscal coordination, let alone a single treasury....

So this is ONE MORE AGENDA-PUSHING ARTICLE in favor of globalism.

Okay.

Also tells you THEIR PLANS are coming UNRAVELED!!

And THEY THINK ANOTHER WORLD WAR is going to SOLVE the PROBLEM?

I think western world leaders are CERTIFIABLE, world!

It does not help matters that the European Union is undergoing a major political transition to new leaders....

Yeah, the problem is leadership, not the people's hatred of the globalists plan.

But even if all these positions were filled, serious questions remain about whether the union or its leading member states will take charge before further damage is done.

I'm having a hard time with seeing those words all the time, folks, can you tell?

In some sense, there is a game of chicken being played, with Greece counting on help and other countries holding back until Athens pays a steep price for its profligacy and manipulation of statistics.

Okay, HOW COME BANKERS don't have to pay a STEEP PRICE?

How come WAR CRIMINALS don't have to pay a steep price?

How come the DAMN LEADERS who DID THIS and LOOTED the NATION don't have to pay a STEEP PRICE?

But the delay is costly, and there are deeper structural problems that few want to discuss.

Bbbbbbbb, but!

Yeah, the SoB is COLLAPSING in front of their faces, folks -- as WE ALL KNEW IT WOULD!

Greece, Italy, Portugal, and Spain are the weak sisters of Europe, with high structural deficits matched with low prospects for the kind of economic growth and productivity improvements that can bring them back to health.

You sure they are not talking about YOU and YOUR ECONOMIC FUTURE, America?

Because THAT is what WE HAVE HERE!!!

Once you get through ALL the GOVERNMENT LIES on the economy you KNOW IT TO BE TRUE!

The north-south split is partly geographic, partly cultural, partly religious, and partly historical, but the southerners tend to be poorer and to have less competitive economies.

There is even a whole list of elite prejudices and discrimination in their New World Order, huh? The HAVES and HAVE-NOTS still with us, 'eh?

Yeah, the gurgling sound you hear is the NWO circling the base.

“The markets are having fun testing the euro,’’ said Nicolas Veron, a senior fellow at Bruegel, an economic policy research institute in Brussels.

Oh, great, this is ALL SOME ECONOMIC EXPERIMENT!!!?

PEOPLE'S LIVES are at STAKE for God's sake!!!!

But the markets are also increasing pressure on the biggest European economies, like Germany and France, to figure out ways to rescue Greece, which is already facing strikes in light of current austerity measures, and to bolster the others.

Translation: The Greeks -- like everyone else -- have HAD IT with BANKSTER LOOTINGS and the REST while THEY SUFFER!!!!

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But who really cares about them?

When was the last time I saw Greece in the newspaper anyway?

"Greeks seek respite from money worries in Carnival" by Derek Gatopoulos, Associated Press | February 6, 2010

Elderly Greeks waited in line for food being handed out during a Carnival celebration in Athens. Organizers said four times more food was handed out at this year’s open barbecue.
Elderly Greeks waited in line for food being handed out during a Carnival celebration in Athens. Organizers said four times more food was handed out at this year’s open barbecue. (Marita Pappa/Associated Press)

That could be YOU, Amurkn! It could be ME!!!

And probably will be sometime soon!!!

ATHENS, Greece - It’s called “Barbecue Thursday’’ - a raucous pre-Easter celebration for meat lovers. But this year’s Tsiknopempti festivities, a fixture of the Carnival season, brought sobering reminders of Greece’s financial crisis.

Athens this week set up an open-air grill for its citizens, but the revelry quickly resembled a scene from a food bank as hundreds of elderly Greeks jostled for a plastic plate of free grub and glass of wine poured out the barrel - eager to take advantage of the freebies as they pinch pennies in the economic gloom.

Meanwhile, bankers pinch millions in bonuses.

And Greeks eat grubs?

They are that hungry, or.... (word choice)?

Greece’s massive government debt burden has raised the alarming prospect of national default, rattling markets around the world with concern of a ripple effect through the Eurozone.

Yeah, they DON'T REALLY CARE about YOU -- only their beloved "system."

And you HEAR that ALARM BELL, Amurka -- or are the MSM WAR DRUMS TOO LOUD?

Greeks are plowing through the crisis with a mixture of trepidation and optimism.

“This is the only way many people can celebrate. There’s not enough money around to go to a restaurant,’’ retiree Katerina Aidonopoulou said after finishing her meal. She was barely audible over music from a live band outside the capital’s main food market.

“I think it will be better next year. What else can anyone say? You have to be optimistic or God help you.’’

The monthlong Carnival celebrations have provided a distraction from national gloom over the debt crisis.

Why must we ALL be DIVERTED, readers!!

They are a blend of fancy dress parties, pagan-rooted village festivities, and urban street parades - all tied to the Greek Orthodox calendar, with the partying stopping for Lent....

Yeah, and the FUN has been RUINED by the GLOBALIST CABAL!!!

Greece was plunged into financial turmoil this past October, when the Socialists won general elections and promptly revealed massive undeclared debts that alarmed the European Union and rattled confidence in the euro.

Yeah, DON'T YOU LOVE GOVERNMENTS that LIE and CONCEAL?!!

To rescue finances, the Socialists have frozen civil service wages, hiked consumer taxes, and imposed across-the-board state thriftiness, even pulling tanks and other armored vehicles from this year’s annual military parades.

Which will piss the population off and they will never do that again, cui bono?

The austerity program - initially tolerated by unions - is becoming increasingly unpopular and facing a growing number of labor protests, including an embarrassing walkout by employees of Greece’s Finance Ministry. Unions are planning a general strike later this month, heightening concern in this riot-prone country.

Yes, yes, yes, a GENERAL STRIKE! THAT'S the WAY!!!

SHUT 'EM DOWN for as long as it takes!!!!!!

And on that last bit, WHEN do the AGENT PROVOCATEURS start up again?

Carnival costumes have served as an illustration of how the crisis has hit households.

Fancy dress costume vendors say single-piece superhero outfits are selling well this year, at the expense of the more pricey pirate look with plastic swords, eye-patches, and other accessories sold separately.

Spending cuts are occurring against a backdrop of sustained poverty levels that make Greece one of the Eurozone’s poorest countries....

There is no shortage of bleak predictions.

On the evening news, ashen-faced politicians spell out the latest dismal forecast, their jargon of financial misfortune entering Greece’s public vocabulary: budget deficit projections or widening bond spreads no longer carry any explanation.

So that means AT LEAST THEIR POLITICIANS are TELLING THEM the TRUTH on this one, huh?

Meanwhile, we Amurkns are told everything is under control here!


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