reply to post by ManFromEurope
I agree with your view but disagree with this point ...
* Greeks were/are having huge benefits from their government, incl. for example a 13th and 14th month salary.
The Greek salary is not very high to do a real comparison you have to use one complete year. Portugal and other nations also use this type of scheme.
In direct comparison it works against the workers, especially those without contracts (or for a full year) these will never get the "extra months"
pay. There is then the issue of taxation, those "extra months" are also taxed, especially when you add state social security (a good thing that most
Europeans support, even when does not work so great, the alternatives would be worst, the same for education).
These "extra months" are excellent to elude less informed investors, that fail to take in consideration that you can not do direct comparisons as they
will show an abysmal difference. (Even with the "extra months" most southern nations have the lowest salaries).
The people in the protest are being instrumentalized and under an idiotic notion, there are no Nazis in Germany (beyond some skinheads, like in much
of Europe) they (and France) have strict laws against Nazi revivalists.
Equating Germany with Nazism today is so absurd that I can only attribute it to a bunch of illiterates or deluded fools being used for propaganda
(internal, since this will certainly p.o. the Germans, not that they are doing any favors).
Greece has always been very fragmented and politically volatile. I fear that if the pressure continues to be put on the people without clearly
informing them why they are in that situation (same thing is happening in any IMF intervened nation, even Ireland) they will get a military
They should go by Iceland default and start to put corrupt military and government in jail, the problem is that there is no social fabric or culture
that would prevent a collapse when the state stops function for lack of money, nor personal responsibility to pay the necessary taxes.
I also think that those that put the blame in the German banks for the situation of the world's economy are off the mark, Germany has benefited and
worked to that benefit is delaying to commit to a real fix (if that exists) to the EURO situation. I applaud them for not permitting the idiocy of
quantitative easing (like in the UK and the US) but can also recognize that in the short term they have benefited from the panic but in the long run
it works also badly for them. The nations in trouble should all have defaulted that would show you who is to blame.
I'm all for a system crash and see it as inevitable due to the idiots in power and the citizens alienation from reality (by design), but what you will
get afterworlds will not be pretty, you will get your Nazis then...
edit on 11-10-2012 by Panic2k11 because: spelling