Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Greece scathing on German budget 'takeover' plan

World Jan. 29, 2012 - 06:45AM JST ( 4 )

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Greek PM Lucas Papademos (left) speaks with German Chancellor Angela Merkel before last month's EU summit in Brussels

Greek Education Minister and former EU commissioner Anna Diamantopoulou

Institute of International Finance director Charles Dallara and senior advisor to France's BNP Paribas Jean Lemierre

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4 Comments

3

Graham DeShazoJan. 29, 2012 - 10:47AM JST

The Greeks can scream "National Sovereignty!" all they want. There are a couple of difficult facts to examine though. FIrst, the Greek govt. (duely elected by the Greeks themselves) did not do a partiularly good job of managing their finances themselves. If they had, the EU would not be in this mess in the first place. In addition, the Greeks have proven themselves incapable of making the reforms that they agreed to in the first place to secure EU help to save their collective asses.

Secondly, The EU nations (oh let's drop the charade and just say Germany) have the money that the Greeks need to survive. If they (meaning the Germans) are providing the bailout, they get to name the terms. If the Greeks don't like the terms, they can always look.......oh, that's right, they don't have any other options.

I predict that there wlll be face-saving accomodation where by an "advisor" will make "suggestions" to the Greeks regarding their budget. If the Greeks want to maintain their lifeline to EU funds, they will be "strongly encouraged" to listen to said advice.
0

ExportExpertJan. 29, 2012 - 11:40PM JST

Time the greeks woke up and realised they have been living beyond their means for decades, time now to pay the piper, like it or not.
1

ebisenJan. 30, 2012 - 06:50AM JST

"Nooo, just give us your hard earned money, and we know what to do with it. We don't need others to tell us how to spend it.."

Yeah right...

Greece had proved of being incapable of managing their own country, dragging everybody down in the mess. One old proverb to be followed by their politicians says:

"If you are in s#it up to your nose, keep your mouth shut"
0

Pruitt Igoe 72Jan. 30, 2012 - 12:42PM JST

I saw President Obama during his campaign carrying the book After America, by Fareed Zakaria. It's about a world where we are more equal. America would not be so powerful. So I ditched my dollars and bought Euros. Was I mistaken?