Comments on: Greece votes a resounding “no” to bailout terms

By: Ron

Ron — Wed, 08 Jul 2015 20:17:14 +0000

The sad part is that the Greek population (most, anyway) know NOTHING about economics. If they did, they would understand and perhaps care about themselves and their country.

Now a little more from personal experience. I used to sell wholesale to the retail trade. There was one dealer who ALWAYS ran late with his payments. Funny (at least to me), the crap (getting new loans) that Greece is going through . . . reminds me of one of my conversations with this dealer . . . During one of my phone conversations (trying to collect from a Past Due Invoice) . . .

He asked me, Do you know what my problem with you is? No Robert, What problem is that?

He replied, I don’t owe you enough money.

Hmmm. And I responded by telling him, . . . and you never will.

Well, that’s where Greece is (IMHO). Too small to be of any consequence. And their people will suffer if they don’t agree to AUSTERITY. They too should have learned from the past. It NEVER ENDS WELL. This time will be no different.

By: Cornflour

Cornflour — Tue, 07 Jul 2015 16:58:41 +0000

https://soundcloud.com/hoover-institution/the-classicist-with-victor-3

Brief interesting interview, with Victor Davis Hanson, on “Understanding the Greek Mind.”

As the title implies, this is a discussion of Greek mentality, politics, and culture. Essentially, Greece is a pre-modern state in a dangerous neighborhood. False victimization, narcissism, paranoia, and corruption are the norm.

By: Konrad

Konrad — Tue, 07 Jul 2015 14:11:57 +0000

@neo-neocon

Greece is a member both of the EU (“European Union”) and the “Eurozone”, those 19 out of 28 EU member states that adopted the Euro. The United Kingdom, e.g., is part of the EU but not of the Eurozone.

There is no means by which Greece could be forced out of the EU or the Eurozone. Legally, it could abandon the Euro only by exiting the EU (possible under the Lisbon Treaty).

But be it as it may, one shouldn’t confuse such basic facts.

By: blert

blert — Tue, 07 Jul 2015 03:08:43 +0000

Tonawanda Says:

July 6th, 2015 at 8:14 am

This blog is not a primer.

I write in a compressed style because of my finger speed limit.

I do confess that I oft forget that the readership is not ‘hip’ to the trade lingo of the financial world, or that chaining connections may not appear to hold up.

Such is blog life.

By: Richard Saunders

Richard Saunders — Tue, 07 Jul 2015 01:56:05 +0000

George Pal:

Don’t come to me and ask me to spot you a $20 until payday. You won’t pay me back, then you’ll holler that I’m a criminal for not loaning you any more.

By: Ymarsakar

Ymarsakar — Mon, 06 Jul 2015 22:35:29 +0000

And though I hold no truck with Leftists and Chomsky, I am of the opinion no-one is wrong all the time. As an example, the Left had long railed against bankers and running dog capitalists and now, finally, they have a point.

They are wrong all the time, cause otherwise they would have admitted that those bankers and crony capitalists only exist because of Leftist power.

By: Ray

Ray — Mon, 06 Jul 2015 20:49:52 +0000

Greece is wonderful. Where else can you be paid for working 14 months a year? Even the civil service unions here don’t get that good a deal.

By: Ymarsakar

Ymarsakar — Mon, 06 Jul 2015 19:18:16 +0000

There is a lesson here for those willing to understand it, but it’s doubtful that the progs will get it.

If they were to “get it”, you somehow think they’ll change their ways. You underestimate the power of evil with that naivete.

By: clarityseeker

clarityseeker — Mon, 06 Jul 2015 18:51:11 +0000

The Greek leadership is in league with the Left in this country.
What is it that defines them on this issue?
They are teaching, very successfully mind you, that you can, “eat chocolate cake without gaining any weight.”
The narrative is that simple. That alluring.
And quite simply, that dangerous.
It is beyond comprehension that adults could be so very deceiving; that’s politics from the Left.
__________
Bernie Sanders, from this side of the pond, gave his own deceptive, negligent commentary with this bit of colossal nonsense:
“I applaud the people of Greece for saying ‘no’ to more austerity for the poor, the children, the sick and the elderly.”
He said it. And to think in such despicable terms is as offensive as the Greek leaders spewing their nonsense.

By: Jimmy J.

Jimmy J. — Mon, 06 Jul 2015 18:18:33 +0000

IMO, Greece should default and get it over with. They might require some humanitarian assistance for a time. However, their riches lie in their climate, scenery, and antiquities. By going back to the Drachma they could become THE least expensive vacation destination in the world. Tourism dollars/Euros make up the major part of their present foreign capital flows. Why not go all in on tourism? Yes, they would be a much poorer country and people would have to work long and hard to make ends meet. With a reformed, streamlined government that pays its bills and stays out of the way of entrepreneurs, Greece might become a poor but viable country which could eventually raise the capital to exploit the riches of resources of which Geoffrey B, spoke.

Anything else, IMO, is kicking the can down the road and will make the eventual bankruptcy even worse. There is a lesson here for those willing to understand it, but it’s doubtful that the progs will get it.