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The Forum > Article Comments > Europe and Greece > Comments

Europe and Greece : Comments

By Evaggelos Vallianatos, published 13/7/2015

Second, a Europe without Greece is no longer Europe. Greece gave Europe both her name and civilization.

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Yes however you serve it up it is a lose lose outcome for a basically bankrupt Greece! Whose economy has been forced to contract by 25% by previous austerity measures!

More of the same can only produce more of the same, or worse before it gets better!

Or failing that, force Greece straight into the divisive arms of an expansionist Russia?

If there is to be a deal struck, it sorely needs to include a growth component!?
Posted by Rhrosty, Monday, 13 July 2015 10:55:40 AM
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All they need is millions more immigrants.
Apparently that solves all your economic problems and doesn't create any.

"a Europe without Greece is no longer Europe"

The European Union is not Europe or its civilisation.
Europe existed before the EU and the Euro and will exist afterwards.
Or will it...

Not if immigration replaces the historical peoples of Europe with decontextualised hybrid neo-humans of no specific identity, history or culture.
Debt is the least of Europe's worries.
Posted by Shockadelic, Monday, 13 July 2015 12:21:51 PM
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Greece can not blame European institutions and the IMF for its dire financial position as it was all too willing to continue taking out loan after loan over decades from whoever it could get money from in order to build its infrastructure and give its politicians, public servants and other privileged sectors of society with huge benefits and large salaries. Now the Western bankers demand loan repayments which Greece should honour but cannot meet. The Greek state also spent millions of dollars on propaganda and campaigns to undermine its good neighbours Turkey and the Republic of Macedonia. Greek businesses had no trouble in profitably investing in the Republic of Macedonia which is attracting investment from Turkey, USA, Germany and Australia.

The biggest problem in Greece is clearly internal with deep corruption in the political and business class.

Greece needs to change it culture, belief systems and relations with its neighbours as its glory days are over.
Posted by Macedonian advocacy, Monday, 13 July 2015 2:48:51 PM
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Did Greece spend more than it earned ?
Did Greece borrow the money to cover the difference ?
Did Greece borrow more money to pay the interest and capital ?

Repeat from the start again and again.
Greece is bankrupt ?
Is anyone surprised ?

Just the Greeks, thats all.
Posted by Bazz, Monday, 13 July 2015 2:59:33 PM
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Instead of these wasteful Greek leftist airy-fairy idealists voted in by the people (Westminster Democracy) Greece needs a firm hand on the pulse of its economic throttle.

It is said: "The 196773 period was marked by high rates of economic growth coupled with low inflation and low unemployment."

It is further uttered in 1967-73 "Economic growth was driven by investment in the tourism industry, loose emigration policies, public spending, and pro-business incentives that fostered both domestic and foreign capital spending."

Bring the Junta back today.

https://en.wikipedia.org/wiki/Greek_military_junta_of_1967%E2%80%9374#Economic_policies .
Posted by plantagenet, Monday, 13 July 2015 3:20:05 PM
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The problems of Greece is largely due to unions with strong vested interests in maintaining a socialist government. Anyone trying to reform the bloated government bureaucracy and wildly generous pension scheme was doomed to political oblivion.

The original austerity packages imposed on Greece for the first 2 bail outs were a simple recognition that without radical change Greece would continually rely on regular bailouts, and creditors would never see their money. When Syriza came to power it immediately began to reverse the austerity measures upon which their bale out money was contingent. Tsipras's populist antics were a serious miscalculation as the people of France, Germany, Finland etc were becoming fed up with paying taxes to sustain a lifestyle in Greece with no end in sight, and Merkel and others were under serious pressure to cut Greece loose.

It was only the desire of the Germans and French to maintain the Eurozone that enabled any deal at all, and after years of broken Greek promises no one was going to give Greece a dime without putting in place the changes first.
Posted by Shadow Minister, Wednesday, 15 July 2015 12:48:43 PM
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