Author: abramicus

Greece Should Exit the Euro and Preserve Its Sovereignty.   [Copy link] 中文

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Post time 2015-7-1 15:53:00 |Display all floors
dusty1 Post time: 2015-7-1 15:38
They will dig their way out one day

By way of austerity which makes the last few years look like prosperity.








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Post time 2015-7-1 15:54:58 |Display all floors
revolt Post time: 2015-7-1 15:53
By way of austerity which makes the last few years look like prosperity.

This could be the beginning of a whole new country "The United States of Europe "

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Post time 2015-7-1 15:58:56 |Display all floors
dusty1 Post time: 2015-7-1 15:54
This could be the beginning of a whole new country "The United States of Europe "

Political union in Europe is at least 100 years away.




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Post time 2015-7-1 16:02:56 |Display all floors
revolt Post time: 2015-7-1 15:58
Political union in Europe is at least 100 years away.

When the Great Depression hit America, nobody knew it would be one of the triggers for WWII, we shall wait and see

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Post time 2015-7-1 16:38:39 |Display all floors
The deeper issue is Greek has structural problems that won't be solved by leaving defaulting and/or leaving euro. No matter what road they choose, the future means hard work and lower living standard.

-Deficit spending wont be solved simply by leaving euro.  With their own currency they can inflate their way like crazy but it doesn't strike me as a solution for greek people. No it is likely this road will mean austerity, taxes.
- Economy will remain uncomptetive unless the right reforms takes place.
- Debt. How they choose to deal with it will have a large impact on the future relations with other european nations. Greek may feel enslaved by their debt. European feel like they've been stolen from and can't be blamed for thinking so. Obviously some agreement on the future of the debt is essential for Greece's economic future.

Hard work and hard choices is what they face no matter which road they choose.

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Post time 2015-7-1 18:51:44 |Display all floors
pantarhei Post time: 2015-7-1 16:38
The deeper issue is Greek has structural problems that won't be solved by leaving defaulting and/or  ...

Find out the meaning of a Greek tragedy.



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Post time 2015-7-2 14:13:15 |Display all floors
TSIPRAS MAJOR MISTAKE IN THIS POKER GAME IS THAT HE SHOWED HIS ENEMIES HIS CARDS, AND NO MATTER HOW BRILLIANT THE STRATEGY, HOW WELL CALCULATED THE BETS, HE HAS MADE IT IMPOSSIBLE FOR HIM TO WIN THE LIARS' POKER GAME, WHICH IT WAS, UNTIL HE TOLD THEM THAT HE IS BETTING THAT GREECE WILL NOT BE KICKED OUT OF THE EURO EVEN IF IT DEFAULTED, AND EVEN IF IT VOTED "NO" TO THE DEMANDS OF THE TROIKA.

THROW OUT THE GAME THEORY BOOKS!

THE PRAXIS OF GAME THEORY IS THAT YOU NEVER REVEAL YOUR TRUE STRATEGY, NO MATTER HOW LOGICAL IT MAY BE, BECAUSE ONCE THAT IS KNOWN, IT CAN BE DOMINATED BY OTHER STRATEGIES YOUR OPPONENTS HAVE ACCESS TO, SUCH AS REFUSING TO ROLL OVER ANY OF GREECE'S DEBTS, CUTTING OFF ALL CREDIT TO GREEK BANKS, WHICH, IN ORDER TO KEEP ALIVE THE CHANCE OF GREECE KEEPING THE EURO, CANNOT ISSUE ITS OWN NATIONAL SOVEREIGN CURRENCY, THE DRACHMA.  AND IF GREECE CANNOT ISSUE THE DRACHMA, WHILE IT ALSO CANNOT GET ANY EURO, THE END RESULT IS A VIOLENT REVOLUTION TO OVERTHROW THE GOVERNMENT OF TSIPRAS, WHICH IS FORCED ON THE GREEK PEOPLE, AS OTHERWISE THEY WILL STARVE TO DEATH IS TSIPRAS REMAINS IN POWER, REFUSES TO ISSUE DRACHMAS, AND IS REFUSED EUROS BY THE ECB AT THE SAME TIME.

TSIPRAS SHOULD UNDERSTAND THAT THE GAME IS OVER, BUT THE EMANCIPATION OF THE GREEK PEOPLE HAS JUST BEGUN, AND IT WILL TAKE HIM THROUGH THE SCYLLA OF PRINTING NEW DRACHMAS AND THE CHARYBDIS OF LIKELY INSTANT DEVALUATION AND HYPERINFLATION.  

TAKE A PAGE FROM THE ECB AND OTHER RESERVE CURRENCY ISSUERS . . . WHEN THE BOOKS CANNOT BE BALANCED, DO WHAT THEY DO, EMBARK ON QUANTITATIVE EASING RIGHT AWAY, RIGHT AFTER THE ISSUANCE OF THE DRACHMA, THE BANNING OF THE USE OF THE EURO FOR ALL DOMESTIC TRANSACTIONS, AND START BUYING THE BONDS ISSUED BY BUSINESSES, USING THE INFINITE SUPPLY OF DRACHMAS OF THE BANK OF GREECE.  

TSIPRAS CAN SKIP UNDERGRAD COURSES OF BORROWING FROM THE ECB OR OTHER SHYLOCK ORGANIZATIONS, AND GO DIRECT INTO ECB-MODE OF QUANTITATIVE EASING ON ITS OWN MONETARY AUTHORITY, NO LONGER DEPENDENT ON THE ECB TO PRINT THE EUROS TO LEND IT.  GREECE CAN PRINT ITS OWN DRACHMAS TO LEND TO ITS BANKS AND BUSINESSES.  THAT IS THE WHOLE POINT OF REJECTING THE AUSTERITY MEASURES OF THE TROIKA!

LIQUIDITY IS A COLLECTIVE INALIENABLE RIGHT OF EVERY SOVEREIGN COUNTRY, AND IT HAS EVERY RIGHT TO PRINT ITS OWN CURRENCY UNTIL THE PROBLEMS OF LIQUIDITY IN ITS ECONOMY ARE COMPLETELY RESOLVED.  BUT TSIPRAS NEEDS TO CONVINCE HIMSELF HE DOES NOT NEED THE EURO.  THIS, HE HAS NOT YET DONE.  AND BECAUSE OF THIS, THE TROIKA WILL NOT GIVE HIM WHAT HE WANTS, WHILE HE CONTINUES TO DENY HIS COUNTRYMENT THE DRACHMAS THAT THEY NEED, LEADING TO HIS EVENTUAL CLASH WITH HIS OWN PEOPLE, NOT BECAUSE THE TROIKA IS CRUEL, BUT BECAUSE HE IS, AFTER ALL, A COWARD.

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