Greece will be okay. It is the IMF and there is always room for help along with a responsible plan. Greece is not an example to the world's economies. It's a small country. They had a lot of government support for their people. Government spending floated the Greek economy for a long time.
And bankers want to make an example of Greece. You mean the same bankers that needed to be bailed out?
Greece is a victim of their failure. The stories being told are more fable than reality when the banks reflect on their dark past.
Greece needs to stop accepting their victimization. Greece needs to fight back.
June 28, 2015
By Landon Thomas, Jr. and Niki Kitsantonis
And bankers want to make an example of Greece. You mean the same bankers that needed to be bailed out?
Greece is a victim of their failure. The stories being told are more fable than reality when the banks reflect on their dark past.
Greece needs to stop accepting their victimization. Greece needs to fight back.
June 28, 2015
By Landon Thomas, Jr. and Niki Kitsantonis
ATHENS — Greece will keep its banks closed (click here) on Monday and place restrictions on
the withdrawal and transfer of money, Prime Minister Alexis Tsipras
said in a televised address on Sunday night, as Athens tries to avert a
financial collapse.
The
government’s decision to close banks temporarily and impose other
so-called capital controls — and to keep the stock market closed on
Monday — came hours after the European Central Bank
said it would not expand an emergency loan program that has been
propping up Greek banks in recent weeks while the government was trying
to reach a new debt deal with international creditors....
This is really off the cuff and I probably should follow Greece a little more closely, but, isn't Libor set by the European Central Bank from an average of selected other banks? Yes?
Regardless, what Greece needs to do is investigate the impact of Libor on it's economy when it was being riddled with fraud. If there is, and there probably is, any liability to the Greece treasury and/or it's people; Greece needs to sue the banks involved in the fraud.
Greece is in a very difficult part of the world right now. The last thing it and Europe needs right now is a hopelessly weak link. Cyprus has been involved with Turkey and hopefully enough to stabilize all the political turmoil, but, now is not the time to play "Let's ridicule Greece." It is a valuable asset to the EU and it is important Greece maintain it's sovereign national security with the European Union. Greece needs to realize it's strategic importance and take on the challenge to be a country to deal with.
Greece has a lot of assets, most are their people, their rich history, the Mediterranean food, traditions and their beautiful ports and tourist beaches. Greece's ridicule has not helped it's promotion of a strong tourist industry. It is no different than any other country post 2008 in realizing how soft it's economy actually is with many debts that makes rebuilding nearly impossible.
Greece needs to take charge and set everything straight, the IMF and it's insight may help. Keep your oars in the water.
This is really off the cuff and I probably should follow Greece a little more closely, but, isn't Libor set by the European Central Bank from an average of selected other banks? Yes?
Regardless, what Greece needs to do is investigate the impact of Libor on it's economy when it was being riddled with fraud. If there is, and there probably is, any liability to the Greece treasury and/or it's people; Greece needs to sue the banks involved in the fraud.
Greece is in a very difficult part of the world right now. The last thing it and Europe needs right now is a hopelessly weak link. Cyprus has been involved with Turkey and hopefully enough to stabilize all the political turmoil, but, now is not the time to play "Let's ridicule Greece." It is a valuable asset to the EU and it is important Greece maintain it's sovereign national security with the European Union. Greece needs to realize it's strategic importance and take on the challenge to be a country to deal with.
Greece has a lot of assets, most are their people, their rich history, the Mediterranean food, traditions and their beautiful ports and tourist beaches. Greece's ridicule has not helped it's promotion of a strong tourist industry. It is no different than any other country post 2008 in realizing how soft it's economy actually is with many debts that makes rebuilding nearly impossible.
Greece needs to take charge and set everything straight, the IMF and it's insight may help. Keep your oars in the water.
