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Greece moves closer to eurozone exit after delaying €300m repayment to IMF

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posted on Jun, 4 2015 @ 11:01 PM
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Guardian Article


A crisis that has been going on for more than five years entered a new phase when Athens surprised the IMF by saying it intended to bundle up four payments in June totalling €1.6bn and make them all at the end of the month.


Basically, they're going to pull everything together and pay it at the end of the month. What's going on is that the troika is demanding that they double their VAT to upwards of 20% on everything from good to electricity and that they cut pensions by, from what I've seen, an average of 20%. The problem with this is that there is a massive unemployment problem in Greece, and there are more than a few families where multiple generations are legitimately living off the pensions.

Even if Greece makes these, there is July and August to consider. The bottom line is that very soon, there will simply be no more money left to take.




posted on Jun, 4 2015 @ 11:08 PM
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a reply to: AnIntellectualRedneck

Every nation in the world should simply stop all payments to the IMF. That might just take a bite out of the corrupt beast.

Cheers - Dave
edit on 6/4.2015 by bobs_uruncle because: (no reason given)



posted on Jun, 4 2015 @ 11:10 PM
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a reply to: AnIntellectualRedneck


The bottom line is that very soon, there will simply be no more money left to take.


Then the EU oligarchs will start land grabbing at the premiere parts of Greece. See what common currency gets you.



posted on Jun, 4 2015 @ 11:29 PM
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a reply to: intrptr

I think the time for a debt jubilee is long over due.



posted on Jun, 4 2015 @ 11:52 PM
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a reply to: AnIntellectualRedneck

Greece won't be the last country sacrificed to prop up the euro.



posted on Jun, 5 2015 @ 12:11 AM
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could any of you see greeces exit, leading to the collapse of the EU? And, subsequently, could the collapse of the EU be a signal to "certain countries" that the time to conquer europe, is now?



posted on Jun, 5 2015 @ 12:12 AM
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How much blame lies with Greece for buying what it can't afford and letting this problem fester?



posted on Jun, 5 2015 @ 12:26 AM
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The mob mentality cannot resist authority figures because we are wired to think of authority as a major part of our survival success as a species.

Unfortunately for us, psychopaths are wired to take advantage of this survival instinct and use it to their advantage.

Right now they see the world as a giant hedge fund and everyone's labor, both future and past, is the new currency that they play with. When they converted the money system to paper, WE became paper people.

Look at how the banksters bought Greece with buckets of make believe paper promises they created out of thin air by state sponsored counterfeit. They lent money that they were able to create from nothing. Maybe they had the balls to do it because they're psychopaths and we don't know any better.

Anyways, when default is threatened the Greek government steps in and offers to buy the paper back from the banksters by taking out a loans from the same goddam banks at even higher rates. The result being that the Greek people must "agree" to pay it all back in the next 100 years through taxation, real labor of real people...all this so that the banks can be saved.

It's brilliant, if you're part of the club. If you're not then it's not the end of the world. The parasite has probably already laid its eggs in your brain and that blurry image you're seeing is most definitely not an emperor that has no clothes on.
edit on 6/5/2015 by METACOMET because: (no reason given)



posted on Jun, 5 2015 @ 12:33 AM
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a reply to: fixitwcw

Conquer? I haven't heard anything about conquering any country. Genghis Khan is dead.The only thing that is happening is Britain might pull out of the EU as well. Least that is what they keep saying. So I don't know,but Greece is over due to get out.



posted on Jun, 5 2015 @ 12:36 AM
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a reply to: OccamsRazor04

I think the blame lies with their Government officials they have had. They were corrupt and spent money like there was no tomorrow. Well tomorrow has come and now look. We will go down a similar path in time,due to our officials as well.



posted on Jun, 5 2015 @ 12:57 AM
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a reply to: Dimithae

I agree. Yet people here act as if they are blameless.



posted on Jun, 5 2015 @ 01:28 AM
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Guys. Guys?

Nothing will happen. Seriously. Greece does not depend on PAYING the bills. They got 7% on their sovereign bonds, that is not too much, so they will be able to sell more of them in the future.

What does happen is that the creditors have to lean over to Greece and make more and more concessions. This just happened.

I like the way Greece does not think about moving to the rhythm, Tsipras is not being moved by banksters and gov-mobs. They do not break and lower pensions, sell valuable public ownership and so on! Very good!



posted on Jun, 5 2015 @ 01:41 AM
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a reply to: ManFromEurope

No, Greece may depend on borrowing money again though.



posted on Jun, 5 2015 @ 03:18 AM
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a reply to: OccamsRazor04

Yes, and the 7% interest shows the amount of money to be lent to Greece, there are still enough people/banks/funds/.. willing to do so.



posted on Jun, 5 2015 @ 03:50 AM
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a reply to: ManFromEurope

If you refuse to repay a lender those sources tend to start drying up.



posted on Jun, 5 2015 @ 04:57 AM
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originally posted by: bobs_uruncle
a reply to: AnIntellectualRedneck

Every nation in the world should simply stop all payments to the IMF. That might just take a bite out of the corrupt beast.

Cheers - Dave


I agree, IMF is like a vampire sucking on nations.



posted on Jun, 5 2015 @ 04:59 AM
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originally posted by: OccamsRazor04
a reply to: ManFromEurope

If you refuse to repay a lender those sources tend to start drying up.


Oh really ?

What if you didn't need their loans because you had your own currency, a nationalised central bank and sovereignty.

You think china with few trillion in their reserves depends on IMF

Not even Russia or India depend on IMF.

Screw IMF

edit on 5-6-2015 by Nowornevertill because: (no reason given)



posted on Jun, 5 2015 @ 08:41 AM
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originally posted by: Nowornevertill

originally posted by: bobs_uruncle
a reply to: AnIntellectualRedneck

Every nation in the world should simply stop all payments to the IMF. That might just take a bite out of the corrupt beast.

Cheers - Dave


I agree, IMF is like a vampire sucking on nations.


But whose to blame, the sucker or the lender? Maybe both sides are suckers jointly to blame?
What's that old say, "It takes two to tango?"
.



posted on Jun, 5 2015 @ 08:52 AM
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originally posted by: Nowornevertill

What if you didn't need their loans because you had your own currency, a nationalised central bank and sovereignty.


All well and good so long as they never have to import anything. Ever.



posted on Jun, 5 2015 @ 08:59 AM
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a reply to: AnIntellectualRedneck

Greece needs to just default already and get it over with. Just tell the IMF to go kick rocks and then try to rebuild your economy from there.



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