Alexis Tsipras' "open letter" to German citizens

Discussion in 'Economics' started by Tsing Tao, Jan 29, 2015.

  1. Tsing Tao

    Tsing Tao

    Your credibility is long shot, so I wouldn't throw stones.

    Who are you (or I) to say what the author's life was like and what he shouldn't have done? Where do you get off reading a few sentences and passing judgment on someone without understanding what they went through? Maybe the guy's wife was dying for a long time and he had finally accepted the idea of it. His personal life is unknown to you or me. "Let he who has not sinned throw the first stone."

    My personal opinion on that (I had seen it long ago) was "wow, Mish already got remarried?" But I have no right to condemn without knowing the story. You, however, don't have such scruples.
     
    #491     Feb 17, 2015
  2. no you do not agree, else we would not quarrel about a simple legal matter that is even comprehensible to 3rd graders. You keep on blaming the EU, Germany, and the rest of the world for Greeks ill fortunes. Moronic!!!


     
    Last edited: Feb 17, 2015
    #492     Feb 17, 2015
  3. Tsing Tao

    Tsing Tao

    Schauble Gives Athens Another 10-Day Ultimatum, Says "Up To Greek Government If It Wants To Keep Euro"


    Those who thought yesterday's trial balloon headline barrage would be bad, you ain't seen nothing yet. It all started with Spain's economy minister who knows if the Greek revolt gains traction his career will be cut short by a Podemos surge, said:

    • THERE IS NO ULTIMATUM FOR GREECE
    Which is ironic considering it was just back on February 6 when Eurogroup head DieselBoom explicitly gave Greece an ultimatum...

    • GREECE MUST APPLY FOR BAILOUT EXTENSION ON FEB 16 AT THE LATEST
    ... an ultimatum Greece has soundly ignored. And therein lies the rub, because Europe is not used to being ignored, and certainly not used to having its non-ultimatum ultimatums snubbed.

    Which is why moments ago the biggest gun of all, German FinMin Schauble came out, with the following:

    • SCHAEUBLE SAYS GREECE MUST DECIDE WHETHER IT WANTS A PROGRAM
    It already has: the answer is no.

    • SCHAEUBLE SAYS GREEK SITUATION ISN'T GETTING BETTER
    Wait, what? It was only a year ago when both the IMF's Christine Lagarde and then-Greek PM Samaras were praising the Grecovery. Were they lying, or was the "W" in Wreckovery silent.

    And finally, the gloves has fully come off:

    • SCHAUEBLE: UP TO GREEK GOVT TO DECIDE IF IT WANTS TO KEEP EURO
    Because at the end of the day, this is the biggest leverage Europe has: as Greece continues to play hard to catch, Europe has finally made it clear that it never was about reform, or democratic process, or anything that idealistic socialists find near and dear. No: it was always and only about the artificial currency, without which trillions in legacy wealth will disappear into thin air, as will German's export miracle.

    So just in case the first Ultimatum was not clear enough, here is the second and final one:

    • SCHAEUBLE: GREEK PROGRAM EXTENSION BACKING NEEDED BY FEB. 27
    And as everyone knows, if it isn't Germany's way, it is the Autobahn. Which reminds us: perhaps for Greece it is time for another call into the Eurasian Economic Union.

    LINK
     
    #493     Feb 17, 2015
  4. Tsing Tao

    Tsing Tao

    I blame all parties - including the Greeks.

    Read closer.
     
    #494     Feb 17, 2015
  5. dude, we are talking about the very specific case of the agreement between 2 parties.

    But I make it simpler so you even understand: If you are prescribed pills by your doctor and the prescription says to take 1 a day but you swallow the whole fucking box of 200 and get sick, are you gonna hold your doctor liable? After all it was only printed on the prescription, the doctor should have also told you, right? LOL

     
    #495     Feb 17, 2015
  6. The loan can be repaid in full or partly, IF Greece puts in an effort to save money and to restructure their ridiculously exuberant government apparatus. Of course one is not able to pay off ANY loan if one leaves the bank and buys drugs and smokes them all. What is not clear about THAT?

     
    #496     Feb 17, 2015
  7. well first you quote a Jewish hate-everything-German sharp shooter and now someone who found his happiness a year later after his wife of 27 years deceased? Honestly, that does not strike you as being odd at all?

     
    #497     Feb 17, 2015
  8. Tsing Tao

    Tsing Tao

    German voters reject all forms of further Eurozone financial aid
    There is limited public appetite for the policies needed for more Eurozone integration amongst German voters. 55% say that membership of the euro should be slimmed down, while they overwhelmingly reject all forms of further Eurozone financial aid.


    German voters says euro-membership should be slimmed down

    When asked about Germany’s future membership of the euro, 55% of voters said they agreed “Germany should keep the euro but membership should be restricted to a select group of more similar countries”, while only 34% disagreed with this option. Reverting to the D-mark is only backed by one-third of voters (32%) versus 60% opposing it, with a similar breakdown on the option of breaking up the euro completely (30% tend to agree, 59% tend to disagree). 46% said the euro shouldn’t be saved “at any cost”, while 42% said it should. 42% said they agree the euro is now threatening the European project – only marginally lower than those who say it does not (45%).


    All forms of further Eurozone financial aid rejected by voters
    By a clear majority on every policy queried, German voters do not consider the next German government to have the mandate to press ahead with more direct or indirect financial support to the Eurozone after the September 22 elections.

    Just over half (52%) don’t want the next government to commit to further loans for crisis-hit Eurozone members (35% tend to agree); 57% said the next government should not have the mandate to forgive some debt owed by Southern Eurozone countries (31% tend to agree); 56% of voters said the next government would not have the mandate to sign up to a joint backstop for banks (29% agreed), while 64% and seven in ten (70%) respectively, said the same of debt pooling via eurobonds and fiscal transfers.

    Almost two-thirds (65%) said the next Chancellor would only have the mandate to sign up to more money going to other Eurozone countries, if a referendum was held.


    ‘Political union’ is only supported if it means stronger budget controls
    Just over half of voters support turning the Eurozone into a “political union, with stronger central budget controls” (34% don’t.) However, when “political union” is defined as including “fiscal transfers”, this majority is reversed with 55% of Germans being against and only 30% supportive.


    Support for ruling ECB bond-buying illegal
    There was considerable support for the German Constitutional Court to rule the ECB’s bond-buying programme (OMT) illegal in its on-going court case. By a margin of almost two to one (46% to 25%), Germans said the Court should rule against the OMT if the stability of the euro could be ensured in other ways. Over a third said that the Court should rule against the OMT, even if that threatens the stability of the euro. In a strong indication of how seriously Germans take the rule of law, almost half (48%) of those asked said upholding the law is more important than saving the euro (30% disagreed).


    Strong opposition to ECB activism – even if beneficial to the euro as a whole
    Unsurprisingly, there’s considerable scepticism about the European Central Bank easing its focus on maintaining price stability, even if it was deemed beneficial for the Eurozone as a whole, with six in ten voters (62%) opposing such a move, compared to only one in four (25%) backing it.


    Mismatch between mainstream politicians’ and voters’ views on Europe
    On the question of which party best reflects voters’ opinions about European and eurozone policy, irrespective of who they intend to vote for, both the CDU/CSU (29%) and the SPD (18%) score well below their wider support. ‘Don’t know’ (15%) and ‘none’ (11%) scored third and fourth, ahead of any other party, while 5% say the anti-euro AfD party best reflects their views.


    Methodology note
    YouGov Deutschland interviewed 1,010 adults online between 21 and 26 August 2013. Data were weighted to be representative of German adults aged 18+. Data were also weighted to past vote recall. For a full break-down of the answers including demographical data and voting intentions: Download YouGov Ergebnis Tabbellenband


    http://openeurope.org.uk/intelligen...ermans-reject-further-eurozone-financial-aid/
     
    #498     Feb 17, 2015
  9. Tsing Tao

    Tsing Tao

    No. Because I look to the argument, not the person making it whenever I can. You look to the person making the argument, and then dismiss it without considering the argument itself merely because you don't like the person.
     
    #499     Feb 17, 2015
  10. lol, that is where you are wrong. You are a tricky bastard, you mix up investors and shareholders up with the issue at hand.

    Issue at hand: Greece's agreement with the EU and IMF and ECB: Greece is about to break the agreement. Factually the EU, IMF, and ECB have 0% fault in that. Not 1% even. Greece was offered money when they needed it the most, when their spreads exploded like there is no tomorrow. Greece could have refused it all, could have refused part of the offered loan. It could have worked to negotiate the terms differently. No, it signed the damn thing. Greece is at fault if it breaks the agreement and the other parties are at fault if they break theirs. This is fact and remains fact. Everyone had a free choice.


     
    #500     Feb 17, 2015