Monday, July 06, 2015

How did the Greece economy get to this point? Greece is not Lehman Brothers.

July 6, 2015

...Yanis Varoufakis (click here) said it was felt his departure would be helpful in finding a solution to the country's debt crisis.
Eurozone finance ministers, with whom he repeatedly clashed, had wanted him removed, Mr Varoufakis explained.
Meanwhile, global financial markets have fallen over fears that Greece is heading for an exit from the euro.
The European Central Bank (ECB) is to discuss whether to raise its emergency cash support for Greek banks, which are running out of funds and close to collapse.
Greece's Economy Minister, Georgios Stathakis, told the BBC the ECB had to keep Greek banks alive for seven to 10 days so that negotiations could take place....

The European Central Bank needs to stand with Greece, no in opposition. The banks caused this. The banks should be responsible for any country's recovery and provide the funding needed to do so. 

The rest of this is politics. The reason the finance minister of Greece is resigning is to protect his standing with the Greek people. He refuses to abandon the people that elected him.

But, Greece has become a global political icon as well. Greece has had significant social programs and of course that is the reason for all the problems. LIES. But, they convenient lies for the politics of capitalism that wants to destroy any and all social programs of western governments.  

Greece needs to be a member of the European Union. It is weakened due to this mess and is vulnerable to a regional instability. It is important Greece isn't alone during a difficult time.

As a bit of a tourism note, Athena (click here) has always been my favorite Greek Goddess. No word of a lie. As soon as I studied Greek Mythology in elementary school she was a part of my personal ideology.

The Parthenon is on my list.