..Syriza leader Alexis Tsipras (click here) will not attend Monday's meeting, party officials said.
"They are looking for an accomplice to continue their catastrophic work — we will not help them," Panos Skourletis, a spokesman for the party, told Mega television.
The political turmoil has taken a toll on markets across Europe, with shares on the Athens Stock Exchange 3.5 percent lower at 590.38 in midday trading....
The electorate has demanded its new leadership never cooperate with the outgoing government. I don't believe there will be cooperation for a coalition government. The current government is in a Lame Duck phase. They need to move forward with either their plans without the new leadership or expedite the transition.
I don't see a new Greek government leadership overthrowing the established constitution or any agreements with the EU, but, there will be different focus to the austerity dynamics. If the electorate is not satisfied the transition is wholesome and void of the current leadership there will be unrest among them.
"They are looking for an accomplice to continue their catastrophic work — we will not help them," Panos Skourletis, a spokesman for the party, told Mega television.
The political turmoil has taken a toll on markets across Europe, with shares on the Athens Stock Exchange 3.5 percent lower at 590.38 in midday trading....
The electorate has demanded its new leadership never cooperate with the outgoing government. I don't believe there will be cooperation for a coalition government. The current government is in a Lame Duck phase. They need to move forward with either their plans without the new leadership or expedite the transition.
I don't see a new Greek government leadership overthrowing the established constitution or any agreements with the EU, but, there will be different focus to the austerity dynamics. If the electorate is not satisfied the transition is wholesome and void of the current leadership there will be unrest among them.
...Greece's political landscape (click here) has been in disarray for a week since an inconclusive election left parliament divided between supporters and opponents of the 130 billion euro ($168.3 billion) EU/IMF bailout, with neither side able to form a government.
Government officials have warned that Greece could run out of cash as early as the end of June if it does not have a government in place to negotiate the next aid tranche with its lenders....
The European Union is making and has been making a serious mistake; they believed they could make drastic cuts to the Greek government's budget without considering the political ramifications of the final outcome of the cuts. They haven't listened to the people so much as focused on the controlling party. At this point, the EU needs to make it clear to Greece what its outcome will be if they seek to leave and return to its old currency. This cannot be political. The FACTS and outcomes based on those facts have to be made clear to the people and not simply the leadership.
This is the dynamic the EU is going to have when managing their outcomes after the 2008 Global Depression. It is a relatively new government structure; about a decade or more; and the idea it is not benevolent to the people is an awakening theme. There needs to be clear understandings with the people going to the polls what exactly they are voting for when they cast their ballots.
The Greek people are not destitute, but, they are believing they are. Greece probably feels the depression more than most because they sponsored the 2004 Olympic Games which added a nice perk to their economy. The GDP increased and there was a largely benevolent belief among the people they were sound and okay. The depression is not only a surprise to the people, but, one of disbelief even four years after the worst of it hit. It is not surprising they are looking to move into a place where they have been more secure socially to their financial outcomes.
Changing currency won't improve the Greek outcomes. The Greek currency, will not be supported by the other countries of the EU. I believe the return to the drachma will cause greater hardship and more uncertain outcomes than remaining within the EU with other nations stabilizing the Euro. That said, what then to do? Economy. The Greeks are a culture vibrantly rich in history. I have yet to see real promotion of the Greek tourism industry anywhere. If my understanding is clear, tourism is about 15% of the Greek GDP. I hope it is clear where this is headed.
For the Greek economy to stabilize and move forward again, there needs to be promotion of their strengths to grow their economy. With others coming into the Greek economy with currency in tourism they are bringing more stable dollars than drachmas. The Mediterranean Sea is a very strong allure for people especially in the summer seasons, I would suggest stronger promotion of tourism and increased income TO Greece to contribute to the stability of the Euro.
Wall Street is crazy right now. No one can listen to those jerks and make rational decisions about outcomes. Wall Street is experiencing spasms, called "Knee Jerk Reactions" and are highly volatile when it comes to currency, etc. All a government has to say is "Boo" and Wall Street is running in the opposite direction as if they have someplace to run. They are running in circles actually. They have exposed themselves to huge risk after they tanked in 2008 and they are experiencing PTSD.
The European Union is making and has been making a serious mistake; they believed they could make drastic cuts to the Greek government's budget without considering the political ramifications of the final outcome of the cuts. They haven't listened to the people so much as focused on the controlling party. At this point, the EU needs to make it clear to Greece what its outcome will be if they seek to leave and return to its old currency. This cannot be political. The FACTS and outcomes based on those facts have to be made clear to the people and not simply the leadership.
This is the dynamic the EU is going to have when managing their outcomes after the 2008 Global Depression. It is a relatively new government structure; about a decade or more; and the idea it is not benevolent to the people is an awakening theme. There needs to be clear understandings with the people going to the polls what exactly they are voting for when they cast their ballots.
The Greek people are not destitute, but, they are believing they are. Greece probably feels the depression more than most because they sponsored the 2004 Olympic Games which added a nice perk to their economy. The GDP increased and there was a largely benevolent belief among the people they were sound and okay. The depression is not only a surprise to the people, but, one of disbelief even four years after the worst of it hit. It is not surprising they are looking to move into a place where they have been more secure socially to their financial outcomes.
Changing currency won't improve the Greek outcomes. The Greek currency, will not be supported by the other countries of the EU. I believe the return to the drachma will cause greater hardship and more uncertain outcomes than remaining within the EU with other nations stabilizing the Euro. That said, what then to do? Economy. The Greeks are a culture vibrantly rich in history. I have yet to see real promotion of the Greek tourism industry anywhere. If my understanding is clear, tourism is about 15% of the Greek GDP. I hope it is clear where this is headed.
For the Greek economy to stabilize and move forward again, there needs to be promotion of their strengths to grow their economy. With others coming into the Greek economy with currency in tourism they are bringing more stable dollars than drachmas. The Mediterranean Sea is a very strong allure for people especially in the summer seasons, I would suggest stronger promotion of tourism and increased income TO Greece to contribute to the stability of the Euro.
Wall Street is crazy right now. No one can listen to those jerks and make rational decisions about outcomes. Wall Street is experiencing spasms, called "Knee Jerk Reactions" and are highly volatile when it comes to currency, etc. All a government has to say is "Boo" and Wall Street is running in the opposite direction as if they have someplace to run. They are running in circles actually. They have exposed themselves to huge risk after they tanked in 2008 and they are experiencing PTSD.
LONDON (Dow Jones)--Nervous currency traders (click here) pulled out of risky bets such as the euro and the Australian dollar Monday as the specter of a Greek euro-zone exit continued to haunt markets and Chinese policy easing over the weekend failed to quell investors' fears of a hard landing.
The euro sank below $1.29 against the dollar while the common currency also came under pressure against the likes of the yen and the pound. The Australian dollar traded back below parity with the greenback for the first time since Dec. 20.
Meanwhile, the safe-haven dollar has notched up gains across the board and the Japanese yen remains strong against the pound and the Australian dollar.
"We are still a long way away from a (Greek exit of the euro) but the uncertainty is enough to increase the risk-off trades," said Ulrich Leuchtmann, senior currency strategist at Commerzbank in Frankfurt, referring to safe-haven trades....
We all live on one planet and there is no exit anywhere. Money and Global Warming has that shared dynamic.
The Greeks have to EXPAND their economy and move to a thriving GDP again. The new leadership in Greece has to focus on growth, not austerity, their children and their working class. They need to ask the people to thrive and revive their wealth rather than seek escapes. Hacking away at entitlements is not the answer. Entitlements in ANY country are rock solid in the base of the economy. It is monies that are always at play and to that end entitlements have to be secure away from manipulation. For Greece to continue to degrade its own infrastructure is a mistake.
Currently, they are on a slippery slope and no one is looking at a larger picture. Their credit rating has been degraded and their economy is shrinking, that is a lose/lose situation. There is no way Greece is going to change the way credit ratings are dolled out, but, they can stop the shrinking of their economy. They can focus on growth and hold on to the stability of the Euro. They can achieve a greater economy with local business growth and I would start with tourism. Greece is a beautiful country, full of history and culture and I cannot understand why the world would not enjoy it as much as it should be appreciated. The Greek people can do this. They need to try. Focus, focus, focus and bring their economy back rather than wallow in pain, austerity and failure. It is not the fault of the people. Citizens are the strength to any country and it time for them to realize they have control of their future and that of their children.
We all live on one planet and there is no exit anywhere. Money and Global Warming has that shared dynamic.
The Greeks have to EXPAND their economy and move to a thriving GDP again. The new leadership in Greece has to focus on growth, not austerity, their children and their working class. They need to ask the people to thrive and revive their wealth rather than seek escapes. Hacking away at entitlements is not the answer. Entitlements in ANY country are rock solid in the base of the economy. It is monies that are always at play and to that end entitlements have to be secure away from manipulation. For Greece to continue to degrade its own infrastructure is a mistake.
Currently, they are on a slippery slope and no one is looking at a larger picture. Their credit rating has been degraded and their economy is shrinking, that is a lose/lose situation. There is no way Greece is going to change the way credit ratings are dolled out, but, they can stop the shrinking of their economy. They can focus on growth and hold on to the stability of the Euro. They can achieve a greater economy with local business growth and I would start with tourism. Greece is a beautiful country, full of history and culture and I cannot understand why the world would not enjoy it as much as it should be appreciated. The Greek people can do this. They need to try. Focus, focus, focus and bring their economy back rather than wallow in pain, austerity and failure. It is not the fault of the people. Citizens are the strength to any country and it time for them to realize they have control of their future and that of their children.
