EU warns Greece to stick to austerity plan

EU warns Greece to stick to austerity plan

www.euronews.com

Brussels has warned Athens it has no choice but to stick to the tough budget discipline set out in its recently negotiated bailout deal.

‘‘The programme countries have no alternative, except disorderly default, except that I think it is not an alternative, than to pursue courageous fiscal consolidation measures, structural reforms for competitiveness, and of course, mostly also benefiting from European solidarity, some targeted investment – but investment that can bring growth,” Barroso said.

(visit the link for the full news article)


Related News Links:
www.irishtimes.com

Really? No wait Really?? the austerity plan can bring growth? thats such a ridicules claim for Barroso to be making.

Because i am not sure what on planet he has been living but there austerity plan is hurting the Greek people.

And there economy why does the European union want continue with there austerity plan knowing that its destroying the Greeks and the rest of Europe?

I just find it sad that Mainstream news outlets are going along and are agreeing with the austerity plan at least thats the way i am seeing it every time i read an article.

www.euronews.com
(visit the link for the full news article)

Haha the best part is where he sells it as 'corrageous'...it's corrageous to agree to and adopt such detrimental measures though I guess.

Corrageous...

reply to post by Agent_USA_Supporter


Greece should declare War on Germany and the IMF. So should Spain Portugal France and the rest of Europe. The IMF mafia will not stop. The IMF must be defeated in a war.

Originally posted by Agent_USA_Supporter


Really? No wait Really?? the austerity plan can bring growth? thats such a ridicules claim for Barroso to be making.

Because i am not sure what on planet he has been living but there austerity plan is hurting the Greek people.

And there economy why does the European union want continue with there austerity plan knowing that its destroying the Greeks and the rest of Europe?

I just find it sad that Mainstream news outlets are going along and are agreeing with the austerity plan at least thats the way i am seeing it every time i read an article.

www.euronews.com
(visit the link for the full news article)

They have to destroy the structure of the EU before they can rebuild it into this new superpower. Just look how the banking system got played during the 20s and again now.
You create need... then fear.... then pull the house down. Those who were small cannot stand alone or get back up, so they get assimilated. This WILL happen with the EU, unless we rise up and overthrow these non elected psychos in the EU (Barosso and Van Rumpuy) along with their hencemen.
Until that happens, we need more people like Nigel Farge inside the EU.

Originally posted by Agent_USA_Supporter
Brussels has warned Athens it has no choice but to stick to the tough budget discipline set out in its recently negotiated bailout deal.

Erm, yes it does have a choice, and people like that had better shut up talking crap.

Happy to see that France and Greece have started exposing this corrupt mess for what it is. I hope other countries join them.

Take your austerity lies and shove them, we shouldn't have to be fleeced for a group of criminal bankers, and looking at the way France and Greece might have started something genuinely good off, maybe we won't be for much longer.

And here's to some mass arrests or sackings of bankers. Let them fail.

Originally posted by Germanicus
reply to post by Agent_USA_Supporter

 

Greece should declare War on Germany

That'd end well....

I hope the EU splits up into as many pieces as it possibly can if these criminal muppets don't back down. Is an EU the best thing for us? Well then start giving each country some respect or it'll never happen.

Originally posted by Germanicus
The IMF mafia will not stop.

It will do if enough countries have enough courage to do what Greece have just done, there'll be no choice. And then maybe we'll start seeing some solutions to this sham.

Long live Socialism if it stops this mess!

Screw Europe. And I'm European. Since it's there Europe hasn't done one good damn thing beyond the Schengen area. And even that I find it normal. Freedom to move on the planet shouldn't be such a special thing but a global human right. I can't stand this hierarchized money wasting structure. WTH how can that be beneficial to people? I don't get it.

To me it just sounds like a way to make the elite class bigger and let more beuropcrates in da VIP club.
Just a bunch of monocled greasy pigs smoking cigars and making fun of poor people who believe all their lies.

Greece is doing it the right way and I hope euro will crash, dollar following just behind and all the fantasy economatheist world they built with them. No change without full failure. Be sure about that.

Nope I ain't on the rag

Peace

reply to post by CityFarmer


Well said.

How about this : have a Europe-wide vote for every person, then see what percentage wants to carry on with this stupidity. They'll never do it because it'd probably be over.

It's a sham. If they want to be fair and have an EU that works properly, fair enough, but until then they're not going to get away with this without a serious fight on their hands. France and Greece have already caused them a huge problem, it'll only take a couple more countries and the whole thing might fall apart. Do they want to carry on pushing this austerity rubbish as people all over Europe are waking up more each day and rejecting it because it's a banking scam? Or do they want to be reasonable?

Looking forward to seeing if power transfers in Italy, Ireland, Spain and Portugal in their next elections. Maybe the clock really is ticking for the bankers this time around.

Do they still think we all sit around the TV to watch the MSM or something so they can still program us? No, huge amounts of us are using the internet and finding out what's really going on! And as we are doing we're becoming less and less likely to ever watch the MSM garbage ever again!

reply to post by Germanicus


Dear Germanicus,

Sorry did I read that right?

The IMF is one thing, Germany is another. So you are suggesting the poorer European countries should declare war on the richest most productive country, with no formal reason for war other than "Germanicus from ATS thinks it's a good idea"? And I thought the Greeks were nuts.... you Sir take the biscuit =)

T

I would completely default, bring out the hidden tech and non fossil fuel energy, and introduce the Venus Project and Abundance, making all the debt contracts illegal, ie crimes against humanity even if the dark hats threaten their death star, I'd be revealing all that as well.

I suggest all countries do that.

After reading most comments, I think people don't really understand what caused the Greek situation.

Nor what the greeks did for years.

Originally posted by Tifozi
After reading most comments, I think people don't really understand what caused the Greek situation.

Nor what the greeks did for years.

I think you would be right with that assumption, but then again when stating that and not adding your perception of things, you kind of hint that you don't have a clue either, but just felt it was right to make the statement (which without some kind of opinion or information, it definitely wasn't).

Care to enlighten those that you think have little to no understanding of what caused the Greek "situation"? Other than debt, world banking meltdown, unemployment, corrupt government and the fact they should never have joined the Euro?

Here's something to get you started:
www.businessweek.com...

T

"No choice except disorderly default"


Looks like this is what will happen, then. The election in Greece has shown that the people are definitely not happy with the measures imposed on them by Brussels.

If Brussels won't renegotiate with whomever forms the new Government, Greece will likely default and the Euro will take the sebsequent hit when the Greeks pull out of the currency and out of the EU.

Brussels has shot themselves in the foot with this one, saying that they are basically refusing to renegotiate terms, and they should take all the blame when the deal collapses, likely within a few months (or weeks) I would think.

reply to post by torqpoc

you kind of hint that you don't have a clue either, but just felt it was right to make the statement (which without some kind of opinion or information, it definitely wasn't).

Actually, I'm in Portugal, which was in the exact same spot that Greece was a couple of years ago. So I do understand the situation, and the actual social consequences it brings.

Care to enlighten those that you think have little to no understanding of what caused the Greek "situation"?

Greece has the same economical power (give or take) as other countries like Portugal, Spain and Italy. Yet, they had one of the highest minimum wage. €1500.

Portugal, who is very similar, has a minimum wage of €450. And even with such a low minimum wage, we still got into trouble. Is it really a surprise that Greece had economical problems?

Other than debt

Do you know what debt is? It's when a person asks for money to the bank. That bank either has the money to give you, or the bank also asks for money, so it can give out loans. Then the state can buy that debt, or the banks can be in stock exchange and other economical systems and sell debt.

The problem is, when people don't pay (common people), there is a gap in the system. There is money shortage. The person who was supposed to pay, didn't. So the debt is on the bank. But the bank tries to sell that debt again. The problem gets worst when they can't sell that debt because the international banks that usually buy it, refuse to do so... Why? Because Greece had an history of not paying back.

So, a very important system in an economy (transfer of money), nearly stopped.

The main reason for this? People getting huge loans that they could never, ever, pay-back. People with wages around €1500 getting loans that had a month payment of €600.

And if they had invested their money, it's one thing. They could bring the money back and pay the loan, and get on with their life. The problem is, A LOT of people made loans they weren't able to pay fully.

And this is just an example. A typical family that earned €3000, could be paying up to €2800 in monthly payments.

Not in necessary goods, mind you. We are talking about vacations, cars, expensive houses and a standard of living they couldn't afford.

world banking meltdown

The world banking system meltdown happened because somewhere along the line, certain people stopped being able to pay back. It was a domino effect.

Too many houses, too many loans, too many people who weren't able to pay back anymore. The debt "weight" jumped from one step to the other, as everyone was trying to get their money back.

unemployment

The unemployment happened because in many european countries (and even the US) people got the idea that your country could live out of doctors, engineers and CEO's. Everyone wants to be a millionare, and everyone forgot that you still need people planting vegetables to eat, and raising stock to produce meat.

They have a colossal amount of educated, out of college people, who don't get a job. Why? Because society can only employ a certain number of lawyers, medical doctors and highly-paid workers. You need people making stuff up to sell those products, in order to have those jobs.

Greece lost their industry and labour section.

corrupt government

Corruption exists everywhere. But people also need to consider what corruption in Greece was.

When a corrupt gov was in power, handling jobs in state companies and "stealing" money, they needed to be in power for that, otherwise, people would understand what they were doing.

So what was the answer, for decades? Vote for them. These gov's promised stuff like €1500 minimum wage, several unnecessary types of welfare like health-insurance, payments for college and any expense families wanted payed. Again, the issue with the standard of living above their capability comes banging on the door.

and the fact they should never have joined the Euro?

People make a demon out of the EU, but they don't understand what these countries gained from it.

For decades the EU handled out billions (yes, billions) of economical aid. If you wanted a farm, you would apply to the EU for funds, they would hand you 300,000 to start a organic or modern (environment-friendly) farm, and there you go...

What did they do? The farmers used that money to buy Mercedes, houses and planes, and kept their production weak and outdated. Same with other businesses that actually give an economy power.

It was THEIR choice what to do with the money, and they pissed it all away for a luxury standard of living.

I'm not saying that the EU or the IMF is a saint. It isn't. Portugal asked for 80 billion for a bailout, and it worked. but we are going to pay back 500 billion for it.

The Greek problem is not directly the fault of the Euro. It is the fault of poor choices made by Greek leaders who spend more than the govenment takes in, and by kicking the can down the road for decades before thinking about a solution. Greece must accept a lower standard of living under the Euro or a far-lower stand of living on their own. With Turkey to their east having their own problems, now is not the time to spit on Europe.

Greece should be very careful about their future:

Euro Zone Considers Delay of Next Greek Payment
online.wsj.com...

Originally posted by Germanicus
reply to post by Agent_USA_Supporter

 

Greece should declare War on Germany and the IMF. So should Spain Portugal France and the rest of Europe. The IMF mafia will not stop. The IMF must be defeated in a war.

Sounds like the rantings of a anarchist little boy who lives with his parents. I suggest you read up on your history. During WW1 There was economic chaos in Europe. A lot of the governments went through cycles of change where a new coalition was formed to govern a country every couple of months. Inflation was rampant in the 20's when governments started printing money to pay the bills they had piled up. Eventually, when the pain of shortages and a valueless currency got severe, the public voted in a Mesiah who promised to fix everything. Maybe one reason Germany seems to be the only european country with a firm budget is they still remember the Weimar Republic that led to the Hitler years. They have been down this road before and have memories of where it leads.

Then the EU can watch our spartan d**** move out of the EU.

IMF thugs by another acronym are still THUGS.

Here in America I'd wager that 85% aren't aware of what austerity means and a good 35% believe that all is fine as paint in Europe.

Just tell 'em, "You made the wager and lost as we can't pay... now blow"... what would they do? Send Vinny and Rocco to help find the check book?

Derek