Greek drama

[amalan11]

Is anyone affected by the drama in Greece ? It seems like they will default , I work in a currency exchange and people are frantically  getting euro. Apparently the banks over there are all closed for a week and people can only take out €60 from autotellers .

I feel sorry for Greek people I heard today that if they default they will likly go back to the Drachma and they would loose 90%  on their euros exchanging them ..... it sounds a nightmare  pensions ect will not be paid as the gov will have no money and it will send the country into a deep recession. 

Our stockmarket is being decimated already 

[icyfroth]

a slow day in a little Greek village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.

On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.

The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.

The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.

The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.

The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.

The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.

The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.

The hotel proprietor then places the €100 note back on the counter so the rich traveler will not suspect anything. At that moment the traveler comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.

No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with a lot more optimism. And that, Ladies and Gentlemen, is how the bailout package works.

Edited version:

It is a slow day in a little Greek village, planet earth. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.

On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.

The owner thinks about maybe beating the tourist to death, but decides to give him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and shoves it in his pocket.

He owes Piraeus Bank down the street €100,000 but has little intention of repaying it as his business has been contracting for several years.

That bank also has claims of €10,000 on a butcher's business, €50,000 on a pig farmer, €75,000 to a supplier of feed and fuel, but in turn owes €100,000 to EFG Bank which itself has fractionally reserved claims on a pub owner and a prostitute who bought two homes on 105% LTV among many others.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, and asks for his €100 note back. The Greek innkeeper asks "what €100 note?" The German threatens to call the police. The innkeeper says "go ahead, ask for my brother who's a Lieutenant down at the precinct, he'll help you out." The German storms out back into the night, €100 poorer. No one produced anything. No one earned anything. However, the whole village is still buried in debt and looking to the future with a lot more optimism at the thought that maybe the Germans really are that gullible.

 And that, Ladies and Gentlemen, is how the bailout package works.

From Here:

http://www.zerohedge.com/news/friday-humor-unspinning-%E2%82%AC100-bill-or-how-european-bailout-real...

[baybizz]

 “Mr. Tsipras, your moment has come and, frankly, if you've got the courage, you should lead the Greek people out of the eurozone with your head held high.

“Get back your democracy, get back control of your country, give your people the leadership and the hope that they crave.

“Yes, it’ll be tough for the first few months but, with a devalued currency and friends of Greece all over the world, you will recover.”

"The European project is actually beginning to die. The plan has failed. This isn’t just Greece we are talking about today. The whole of the Mediterranean now finds itself in the wrong currency, and yet virtually nobody in the political arena has the courage to stand up and say that.

“I feel that the European continent is now divided from north to south. There is a new Berlin Wall  - and it’s called the euro...”   

(EU parliament 8 July 2015)

https://www.youtube.com/watch?v=94UcyJnRcGU&t=5

www.huffingtonpost.co.uk/2015/07/08/farage-tsipras-euro-7751182

[baybizz]

@ #31 Icy: nice story - thanks.

[icyfroth]

Greece is flirting with Russia to make Europe jealous

Over the last few months, Greece and Russia have exhibited a serious case of PDA at a time when both countries are somewhat at odds with the EU.

Most recently, in June, Russia signed a preliminary $US2.27 billion deal to build a pipeline through Greece, and Greek prime minister Alexis Tsipras made his second trip to Russia in the last three months — all while Greece is in the middle of negotiating its future in Europe.

Some analysts have suggested that this Russo-Hellenic flirtation means that Moscow is pulling Athens into its long-term geo-strategic orbit. However, it may also be that the two countries are using each other for short-term gains.

Back in January, when Greece took a stand against sanctions on Russia,analystsbelieved that the Hellenic Republic did so in order to have a bargaining chip against the EU in its ultimate quest for a debt write-off. Similarly, today, Greece might be playing the Russia card in an effort to have some leverage over the EU.

Entire Article Here

PDA's. Public Displays of Affection. 

[icyfroth]

There will be no Grexit!

EU President Donald Tusk said eurozone leaders had reached a unanimous deal to offer Greece a third bailout and keep it in the euro after 17 hours of marathon talks.

Greek Prime Minister Alexis Tsipras said the deal would allow his country “to stand on its feet”.

Eurozone leaders expressed relief and optimism as they announced the breakthrough, although German Chancellor Angela Merkel warned trust with Greece “needed to be rebuilt”

“EuroSummit has unanimously reached agreement. All ready to go for ESM program for Greece with serious reforms and financial support,” Tusk tweeted, referring to the EU’s bailout fund that will oversee the third Greek bailout since 2010.

“There will be no Grexit,” European Commission chief Jean-Claude Juncker announced.

Eurozone leaders thrashed out the Greek bailout deal overnight on Monday after giving Athens an ultimatum to accept harsh economic reforms or become the first country to be cast out of the single currency.

Entire Article Here

They came to an "agreekment" lol

[baybizz]

www.dailymail.co.uk/news/article-3157801/Greece-bailout-poverty

https://twitter.com/hashtag/thisisacoup

~

[icyfroth]

Poor Greece. After that referendum against austerity, they're going to go through with it after all.

And will be forced to sell off their Electricity Infrastructure, Aiports, some Islands, Banks...

What a feast for the Speculators!

[raptor_rebooted]

yeah...how much did the referendum cost?

[baybizz]

It is not only the Greek populace which has been feeling the pressure as a result of this saga. Germans are also beginning to feel uncomfortable, with echoes of their past coming back to haunt them - old demons have been awakened...

www.community.ebay.co.uk/Round-Table/Its-all-Greek-to-me/4337319#M160529

[icyfroth]

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@baybizz wrote:

It is not only the Greek populace which has been feeling the pressure as a result of this saga. Germans are also beginning to feel uncomfortable, with echoes of their past coming back to haunt them - old demons have been awakened...

www.community.ebay.co.uk/Round-Table/Its-all-Greek-to-me/4337319#M160529

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Angela Merkel is a tool of the IMF and then New World Order ppl.