All eyes on Greece...Apocalypse: No...No, sweet no...The gambling Greeks...The voice of Democracy...
- diplomar2491034
- Jul 9, 2015
- 2 min read
NATO…Europe…paranoia and propaganda…a deliberate campaign of sabotage…
Corporate Capitalism, Conscious Capitalism, Racial Capitalism, Monopoly Capitalism, Immiseration Capitalism…Greece: capitalism’s nemesis? Rewrite history…this and that…
Time is running out…Down but not yet out…Cash strapped…What’s next? The drachma? Or exchange with bitcoins?
EU zealots…Broken EU dream…fuel for anti-E.U. sentiment across the continent…Italy urges solution to Greek crisis…
Markets weigh contagion concern…European Stocks mixed…US Stocks Down…Fuel prices down…Dollar falls to 122.60 Yen in Tokyo on Greek Referendum…And now what? Increased volatility, increased frequency and intensity of the crisis and greater uncertainty in the international financial system…India has nothing to fear…Cypriot banks are not in danger from Greek banking crisis…
Germans seem to have forgotten that Germany received the benefit of debt forgiveness because of their mistakes that were far worse than Greece’s…
An exit from the EU will be required if Greece is to exit the Eurozone…Grexit would definitely change perceptions of the EU and cause lack of confidence in its institutions…However, as some analysts pointed out, further adjustments cannot be done for Greece because this could result in similar demands from other economies such as those of Spain, Italy and Portugal, which have been following strict austerity conditions of creditors… On the other hand, there is concern that Left-wing parties would be voted in these countries too, like in Greece, on the premise that they too would compel lenders to moderate the strict fiscal discipline…Furthermore, Germany is worried that the euro will lose value because of the Greek crisis while having in mind the damage that was done to the German economy in the 1920s because of hyperinflation…
If Greece remains in the euro, much of its debt will still need to be written off (as it should have been done five years ago)…In any way, the weakness of the euro has been revealed, with consequences for other sensitive economies such as Spain and Italy…
Putin…The broke leading the broke…There were concerns that Greece would force into Russia’s influence…In fact, Russia promised Greece millions in the case of an agreement about the pipeline…However, Russia has a lot of economic troubles amid low oil prices and Western sanctions…
The Euro had been a problematic currency since it was created…It was born as the currency of high and low inflation countries…Moreover, some of the countries which were to use the Euro had not disciplined their public finance correctly…However, the Euro is still the product of a political dream…a united Europe…therefore it will continue to be protected…
Follow the money…The road to nowhere...
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