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Thread: From Greece - a call to arms!

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    Politics.ie Member Shqiptar's Avatar
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    Default From Greece - a call to arms!

    The powers that be in Europe have portrayed the leaders of Ireland, Portugal and Spain as:

    studious pupils who listen to their teachers and always hand in their homework on time, properly and neatly done.
    By contrast, the Greeks are portrayed as

    incorrigible loafers lying under the Greek sun, doing a slow and half-baked job of everything.
    The article below goes on to explain how all 4 countries are experiencing high unemployment, emigration etc. despite the strict adherence of the Spanish, Portuguese and Irish to the rule book.

    The author concludes:

    Nothing separates the PIGS being sent to the slaughter in Europe. In fact, because they share the same problems and the same despots, they ought to coordinate their struggles.
    More here:
    ekathimerini.com | PIGS being sent to the slaughter
    Eagla agus eaglais: an bhfuil an fhréamh teangeolaíochta céanna acu?

  2. #2
    Politics.ie Member commonman's Avatar
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    We are to soft in this country ,we let the politicians and the bankers walk all over us.

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    The Greek situation is different from the other three. Their dilemma is caused by the fact that they fraudulently gained access to the Euro, never paid their own way and were rife with corruption to a level that would put a third world country to shame.

    Ireland and Spain are predominantly down to property bubbles, which is down to stupidity and lack of governance and Portugal is down to infrastructural over-spending and trying to catch up with decades of neglect in too short a time.
    Thank you for the six thousand likes.

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    Politics.ie Member Honecker's Avatar
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    I read somewhere that Spain is the only country in the EU never to have breached the terms of the European Stability and Growth Pact. It's now got one of the highest rates of ununemployment int he developed world. EU fiscal and monetary policy doesn't work. Time to tear it up.

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    Politics.ie Member statsman's Avatar
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    Interesting comment beneath the line on that article.

    Unlike the rest of the PIGS, Greece has done nothing positive in the past three years to rectify its situation. The other countries may have also gotten into the same mess, they are however showing signs of improvement; unlike the Greeks.

    "We are cast as incorrigible loafers lying under the Greek sun, doing a
    slow and half-baked job of everything. " -That's because we are!
    "Other than members of Europe’s
    South, we are unreliable slobs and we remain in their eyes a part of the
    “backward” Balkans – something that we are constantly and increasingly
    reminded of." - This is because we mostly act like backward Balkans as opposed to civilised Europeans.
    The article itself is long on hyperbolic rhetoric

    Nothing separates the PIGS being sent to the slaughter in Europe.
    the very skies of Europe’s South have turned black like the souls of the people it covers
    Delightfully Old Testament, but hardly a prescription for economic recovery.
    Put a thief among honest men and they will eventually relieve him of his watch. Flann O'Brien

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    Politics.ie Member Shqiptar's Avatar
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    Quote Originally Posted by Keith-M View Post
    The Greek situation is different from the other three. Their dilemma is caused by the fact that they fraudulently gained access to the Euro, never paid their own way and were rife with corruption to a level that would put a third world country to shame.

    Ireland and Spain are predominantly down to property bubbles, which is down to stupidity and lack of governance and Portugal is down to infrastructural over-spending and trying to catch up with decades of neglect in too short a time.
    Agreed. I think there's a wee bit of hubris in that article. The Spanish and Irish situations are quite similar. Portugal's and Italy's** cases are also similar in that both countries let fiscal and competitiveness problems drag on without addressing them. Greece is just another level of dysfunction altogether but I can understand their frustration at experiencing the calamity they're experiencing while trashy tabloids like Bild sneer all the time.


    **not included as a PIG here
    Eagla agus eaglais: an bhfuil an fhréamh teangeolaíochta céanna acu?

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    Politics.ie Member statsman's Avatar
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    Quote Originally Posted by Keith-M View Post
    The Greek situation is different from the other three. Their dilemma is caused by the fact that they fraudulently gained access to the Euro, never paid their own way and were rife with corruption to a level that would put a third world country to shame.

    Ireland and Spain are predominantly down to property bubbles, which is down to stupidity and lack of governance and Portugal is down to infrastructural over-spending and trying to catch up with decades of neglect in too short a time.
    Whenever there is a crisis of capital the first question to ask is 'what is being rebalanced?' The PIGS then become something of a diverse group.
    Put a thief among honest men and they will eventually relieve him of his watch. Flann O'Brien

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    look folks, this country will never be out of recession again, there has some real beautiful jucy plums to be plucked, this will mean we will have nothing to play with, the banks will get what they want, not what they need, the eu bank has interest rate of almost 0, what rate are the banks charging, some victims are paying roughly 6%, in another twelve months it will be nearly 10. dream on all you dreamers.

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    Politics.ie Member sport02's Avatar
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    The longer the unsustanability of Greeces debt continues and the point blank refusal for any OSI, surely now europe and the IMF's culpability in the current Greek situation needs questioning.

    Anybody see the clip on the One News today of Juncker changing the goal posts again, only for
    the press room to break out in laughter.

    Karl Whelan has a good blog today. Basically europe don't get it.
    Greek Tragedy Turns to Farce - Forbes

  10. #10

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    Quote Originally Posted by statsman View Post
    Whenever there is a crisis of capital the first question to ask is 'what is being rebalanced?' The PIGS then become something of a diverse group.
    The PIIGs are a diverse group with different reasons for where they are where they are, different priorities in terms of what issue needs to be tackled first and most critically how soon they may be in a place to recover. It's lazy to lump them all together or think there's a single magic bullet that will cure all their problems.

    For me Spain should be the #1 priority. It's a big player, unemployment is out of control and it's risking the political unity of the whole country. Portugal and Ireland should come next and Italy should be able to recover itself with a bit of discipline. Greece is a basket case that needs to be cut loose. It's the Anglo of the EU, criminally badly run and can not recover. Time to throw the bad apple out of the barrel.
    Thank you for the six thousand likes.

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