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RandomGuy
06-11-2012, 10:49 AM
Fascinating stuff about how small actions can have rather grand affects.

Short story:
Greeks are pissed about events, and vote out their government, propelling far-right and far-left candidates/parties into power.

Far right party is a Neo-Nazi party, straight up. Hitler worshipping thugs, and that is not exaggerating.

The problem is that thugs are, well, thugs. Put them in room where they have to actually defend their ideas in a conversation with people they don't agree with, and you get predictable results.

This will be a fatal blow, pardon the pun, to the far-right in Greece, and will likely strengthen the ability of the Greek government, generally centrists, to respond to the crisis.


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Did the “Greek Slap” Mark a Turning Point in Euro Crisis?


It may go down in history as the slap seen 'round the world. I am of course talking about the shocking attack by a neo-Nazi Golden Dawn party spokesman upon a Greek parliamentary candidate, that was caught live on TV before instantly going viral on the internet. As outrageous and unacceptable as this assault was, it has also angered and unified this nation more than any single event in its recent history.

Yes folks, the slap may just turn out to be the unexpected and unintended game-changer that Greece, and the entire Eurozone, so badly need.

"The Golden Dawn (neo Nazi party) is done. Being on the far right is done. No one wants to associate themselves with that and so this changes the election, I think it defines it," my co-host Jeff Macke says in the attached video.

In fact, just 9 days before the citizens of Europe's oldest but most ailing country go back to the polls again, and the pre-election dialogue has nothing to do with austerity and unemployment or bailout money and the economy. No, the talk from Athens to Mykonos is now about outrage and disgust over an incident that has proven to be far more embarrassing than anything that has happened since the debt crisis began more than 3 years ago.

It is a sad, but well known fact that dramatic events, often violent ones, frequently precede change. The Tunisian fruit seller who set himself on fire, the lone protestor standing up to a tank in Tienanmen Square. And now this latest moment of madness may have brought just enough disgrace and international shame to Greece's doorstep that exhausted citizens there finally say, "Enough. We are better than this."

(see rest of article here, with video:
http://finance.yahoo.com/blogs/breakout/did-greek-slap-mark-turning-point-euro-crisis-162329109.html )

jack sommerset
06-11-2012, 11:44 AM
Let's pray this unfortunate event unites the citizens. God bless

boutons_deux
06-11-2012, 12:44 PM
the Greek people are united, against punishing German austerity.

TDMVPDPOY
09-11-2012, 03:52 AM
http://www.heraldsun.com.au/business/markets/greece-scours-archives-to-seek-nazi-damages/story-fn7j1dyq-1226471580014
Greece scours archives to seek Nazi damages

Greece has said in recent years that it reserves the right to claim reparations worth an estimated $US7.5 million ($7.2 million), saying it was forced to accept unfavourable terms during negotiations in the 1950s

lol goat fuckers trying to decrease their debt by bringing up shit from the past...deduct the amount you want, you still owe the ECB $300b

boutons_deux
09-11-2012, 05:40 AM
Goldman Secret Greece Loan Shows Two Sinners as Client Unravels

On the day the 2001 deal was struck, the government owed the bank about 600 million euros ($793 million) more than the 2.8 billion euros it borrowed, said Spyros Papanicolaou, who took over the country’s debt-management agency in 2005. By then, the price of the transaction, a derivative that disguised the loan and that Goldman Sachs persuaded Greece not to test with competitors, had almost doubled to 5.1 billion euros, he said.
Papanicolaou and his predecessor, Christoforos Sardelis, revealing details for the first time of a contract that helped Greece mask its growing sovereign debt to meet European Union requirements, said the country didn’t understand what it was buying and was ill-equipped to judge the risks or costs.
“The Goldman Sachs deal is a very sexy story between two sinners,” Sardelis, who oversaw the swap as head of Greece’s Public Debt Management Agency from 1999 through 2004, said in an interview.
Goldman Sachs’s instant gain on the transaction illustrates the dangers to clients who engage in complex, tailored trades that lack comparable market prices and whose fees aren’t disclosed. Harvard University, Alabama’s Jefferson County and the German city of Pforzheim all have found themselves on the losing end of the one-of-a-kind private deals typically pitched to them by securities firms as means to improve their finances.

On the day the 2001 deal was struck, the government owed the bank about 600 million euros ($793 million) more than the 2.8 billion euros it borrowed, said Spyros Papanicolaou, who took over the country’s debt-management agency in 2005. By then, the price of the transaction, a derivative that disguised the loan and that Goldman Sachs persuaded Greece not to test with competitors, had almost doubled to 5.1 billion euros, he said.
Papanicolaou and his predecessor, Christoforos Sardelis, revealing details for the first time of a contract that helped Greece mask its growing sovereign debt to meet European Union requirements, said the country didn’t understand what it was buying and was ill-equipped to judge the risks or costs.
“The Goldman Sachs deal is a very sexy story between two sinners,” Sardelis, who oversaw the swap as head of Greece’s Public Debt Management Agency from 1999 through 2004, said in an interview.
Goldman Sachs’s instant gain on the transaction illustrates the dangers to clients who engage in complex, tailored trades that lack comparable market prices and whose fees aren’t disclosed. Harvard University, Alabama’s Jefferson County and the German city of Pforzheim all have found themselves on the losing end of the one-of-a-kind private deals typically pitched to them by securities firms as means to improve their finances.

http://www.bloomberg.com/news/2012-03-06/goldman-secret-greece-loan-shows-two-sinners-as-client-unravels.html

Goat fuckers?

How about G-S, vampire-squid planet fucker?

Homeland Security
09-11-2012, 09:25 AM
Fascinating stuff about how small actions can have rather grand affects.

Short story:
Greeks are pissed about events, and vote out their government, propelling far-right and far-left candidates/parties into power.

Far right party is a Neo-Nazi party, straight up. Hitler worshipping thugs, and that is not exaggerating.

The problem is that thugs are, well, thugs. Put them in room where they have to actually defend their ideas in a conversation with people they don't agree with, and you get predictable results.

This will be a fatal blow, pardon the pun, to the far-right in Greece, and will likely strengthen the ability of the Greek government, generally centrists, to respond to the crisis.


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Wishful, magical thinking. What Neo-Nazis do or don't do is irrelevant to the fundamentals of the Greek crisis.

The Greek standard of living is funded by borrowed money. Greece has a deeply uncompetitive economy that can't generate the wealth to repay the debt. The problem is exacerbated by being part of a common currency with highly productive economies such as that of Germany; if Greece had its own currency it could devalue it. Devaluing the drachma would wipe out the economy in the short to medium term, but it also would monetize the debt and allow them to start over.

Germany plays both sides of the fence here. On the one hand, its taxpayers directly subsidize the Greek standard of living; on the other hand, the presence of uncompetitive countries such as Greece in the common euro depresses its value and makes the German export economy more competitive than it otherwise would be.

While the present crisis has been drawn out now for a few years, ultimately it is not sustainable. The Greek economy remains under a German boot and German taxpayers continue with Greeks attached to their wallets as long as Greece is in the Euro. Greece will take its lumps and leave and set off the chain reaction.