Greece - A New Hope

khorum

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But pointing this out makes me a red pill euro socialist leftie liberal rainbow fag fairy ban guns gay marriage guardian terrorist, at least according to Khorum.
Speaking of predictable, are you actually reduced to complaining about your butthurt now? I'll try to encase my data in fluffy safe-spaces so your FEELS don't automatically destroy your limited capacity to process FACTS next time. Maybe I'll wrap it up in a pretty bow made of trigger warnings.

Sorry, but yeah actually, we're pretty much forced to conclude that Greece is bankrupt because of incompetence, systemic corruption and widespread tax evasion.Because that's why they're bankrupt.

Noone can even claim malice on their part,it's a real part of their day-to-day 'fakelaki' culture. That's why the recent rounds of bailout negotiations have seen a lot of the Troika's requirements shift from revenue towards privatisation. Because the last three Greek governments have seen so much violent street resistance from your "harmless unemployed youth" that it shut down any meaningful improvements in tax collection.

There had been near-constant strikes from the public sector labour unions during the first few years of the recession that halted ANY ATTEMPTS to improve the tax collection situation. In fact, during 2010 and 2011 the Greeks tax collection agency was on strike 18 out of the 24 months!And when they weren't on strike? Wellp....

Financial Times_sl said:
The New Democracy party saida shortage of inkhad prevented the computerised tax centre at the finance ministry from sending out claims to taxpayers over the last 10 days.
Truly, a paragon of efficient diktat-economics governance if we've ever seen one.
 

Lendarios

Trump's Staff
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It's not nearly as black and white as you guys think it is.

Do you honestly think that Greece is bankrupt because of tax avoidance and corruption? Or do you think there might be some other factors that have contributed?

And it's all very well saying "punish them, they're all corrupt and don't pay any tax" or "they spent too much" or "they borrowed too much" - until you realise that youth unemployment is 60%+ and that their only crime is reaching maturity just as the crisis exploded. How many 25 year olds were avoiding tax 10 years ago or borrowing money from French/German banks to buy BMWs and Mercedes?
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They are all participate in the greek way of life.

Here is the reality pure and simple black and white.

The greek way of life is not sustainable economically in the long term. By greek way of life I mean everything they do. I'm not judging them, they have the right to live their life the way they want to.

They have all the right in the world to retire at age 40, or 50, or evade as many taxes as they want. What they don't have a right, is to borrow money and then don't pay it back. and then complaint and say its not their fault, that it was the previous government. The same way Obama and America has to deal with shit and repercussions done decades ago by American actions.
You don't get to elect a new government and say opss it wasn't us.
 

Lithose

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It's not nearly as black and white as you guys think it is.

Do you honestly think that Greece is bankrupt because of tax avoidance and corruption? Or do you think there might be some other factors that have contributed?
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You're dense, of course all economic problems are multi-faceted, economics is ridiculously complex with an enormous amount of possible variables (Which is why economists, outside of micro projections, are often "all things being equal" kind of people.). The issue is you don't illustrate this, you drop in and post something snarky and puke up a single article decrying how mean Germany is and then fling the poo poo. It makes your posts way way more on sided and myopic than you're supposedly decrying.

If you read Khorum's post between the dramatic flairs that are present in all forum discussion, you'll see he's often not talking about what's best--but rather how much bullshit austerity gets as a means of reducing debt load because the liberal media constantly reduces all economic problems to a subset of economic conflict theory. The reality is other countries have managed to recover with austerity (We can argue it wasn't the BEST method of recovery, sure, whatever--but it HAS happened, yeah maybe not as quickly as countries which prodded through short term purchases, but it did happen)--so there is obviously more variables at work in Greece. The fact that they have a HUGE problem with corruption that other countries, which are also facing record unemployment levels (Like Spain), do not have? Is probably a huge factor in why their economy continues it's cyclical growth and retraction, rather than steady growth like the other PIIGS. (Note: I'm talking about this debt cycle--the other PIIGS will run into severe problems eventually, but it's going to take a lot longer....it's easier to manage a disease when you don't have cancer already.)

I say this all as someone who agrees with the latest studies that pure austerity isn't the most effective economic fix (It is a leaver that needs context). So I'm not some Austrian-Chicago-School Neo-liberal austerity zealot. But the fact is, what some of these countries need IS adoseof austerity (Again, maybe not alone, but a dose) to wake them up to the reality of their economic situations, and a need to balance their social programs. So constantly trying to vilify or distract from austerity is ridiculous. Yes, these countries need to trim some fat, yes their social programs are too generous--no that doesn't mean radical austerity is the only thing that works. HOWEVER, consistently using Greece as an example of how austerity can only have a negative effect, while fucking ignoring the enormous amount of extraneous variables at play outside of austerity; and then subsequently ignoring economic recoveries which have employed said tactic? Is just propaganda at this point. It's extremism dressed up as news, meant to push an agenda, rather than a middle ground, that illustrates some degree of government spending and social programs, combined with common sense economic belt tightening would be the best method.

That belt tightening? That shit isn't going to happen if we continually ignore the elephant in the room. And guess what? Since it is the Greeks asking for money, and not the rest of the world? They need to make the first moves--yet every fucking anti-corruption measure they have ever instituted has failed, including literally releasing names of the worst offenders. Again, this is all coming from someone who thinks the Eurozone is misguided, and weaker economic systems do need wealth transfers--it is what happens in the U.S. and it is the only way to maintain a single currency across disparate economies. But until the Eurozone accepts the logistics of countries accepting roles more like states (U.S.) in terms of economies (And thus a reduction on sovereignty)? It is doomed to failure. But Greece is going down in such an epic manner not because of that, but because of the corruptions and poor institutional efficiency within their country.
 

Fury

Silver Knight of the Realm
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But until the Eurozone accepts the logistics of countries accepting roles more like states (U.S.) in terms of economies (And thus a reduction on sovereignty)? It is doomed to failure. But Greece is going down in such an epic manner not because of that, but because of the corruptions and poor institutional efficiency within their country.
I agree with you that if they really want to make the EU work as a real force, they're going to have to eventually adopt an inter-national Gov't body that's rule/laws, and taxes, are followed. That way people can still feel like they are still Greek, German or whatever, but still working towards a greater whole. It's the same in the US where I can be proud of being a Califonian, Texan or whatever, but still realize we're in it all together as a US citizen.
 

khorum

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That's another thing that's so terrible about the Greeks not leaving the euro: it's not just the worst possible outcome for the Greeks, it's the worst possible outcome for the Eurozone.

The precedent it sets is so profoundly disturbing for the future of the EU. It basically says to every future EU government that their milkshake brings all the boys to Brussels on their knees begging for conditions that the Allies never dreamed of imposing on the Germans at Versailles. We saw a member nation prostrate itself before their Federal masters who then humiliated the democratically-elected leaders by defying the outcome of a referendum.

All so they could stay in the EU---despite every indicator showing the outcome would be worse than leaving. Noone around here could explain why they felt the Greeks should stay. Even long after it became clear whatever hardships the Greek would suffer in a Grexit had long been exceeded by the conditions of the bailout.

But NOW there's a new gorilla in the middle of room---states will accept heaps of indignity and humiliation just to so they can keep sucking on the Teutonic teat, and if you think future German leaders won't forget this, you are wrong.
 

Agraza

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Similar happened with WW1. Assassination occurs, and then Austria takes its sweet time drawing up terms for Serbia to avoid war. The ultimatum, if accepted, essentially erased Serbian sovereignty, but the Serbs agreed to 99% of the ridiculous terms. Austria declared war anyway and the clusterfuck ensues.
 

Itzena_sl

shitlord
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That's another thing that's so terrible about the Greeks not leaving the euro: it's not just the worst possible outcome for the Greeks, it's the worst possible outcome for the Eurozone.

The precedent it sets is so profoundly disturbing for the future of the EU. It basically says to every future EU government that their milkshake brings all the boys to Brussels on their knees begging for conditions that the Allies never dreamed of imposing on the Germans at Versailles. We saw a member nation prostrate itself before their Federal masters who then humiliated the democratically-elected leaders by defying the outcome of a referendum.

All so they could stay in the EU---despite every indicator showing the outcome would be worse than leaving. Noone around here could explain why they felt the Greeks should stay. Even long after it became clear whatever hardships the Greek would suffer in a Grexit had long been exceeded by the conditions of the bailout.

But NOW there's a new gorilla in the middle of room---states will accept heaps of indignity and humiliation just to so they can keep sucking on the Teutonic teat, and if you think future German leaders won't forget this, you are wrong.
Yes, but the thing is unless Greece gets some debt relief it's all a moot point anyway - two years from now, a year from now, six months from now the loans they've just negotiated for will all be used up and we'll be right back here again...except with even more debt and even more pissed off Greeks. The Left failed at this negotiation, maybe Greece will try Golden Dawn next time around.
 

Faith

Useless lazy bastard.
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What planet are you on? Austerity is all the rage. Here in the UK the Conservative/Liberal Democrat coalition choked off our recovery by implementing austerity measures when it came to office in 2010. In 2015, the Conservatives, who were the driving force behind austerity actually got voted back into Goverment with a majority. Despite their austerity they won more seats than in 2010
You could of course look at reality and see that taking measures to achive a balanced budget to make sure the government can honour its obligations (austerity) is practiced almost nowhere. Almost no western country (socialist, liberal, conservative, whatever) even try to cut its total spending. Sure, currently the rage is slashing social welfare but the budget deficits are still around.

US aims for a $468 billion deficit for 2015, as for the UK; "The UK racked up a deficit of 5.7 per cent of gross domestic product last year while the national debt soared to 89.4 per cent of national income, according to Eurostat."(2014), yeah they seem to work really really hard on balancing that budget!

(Maybe we do not share the same definition of the word austerity tho?)
 

Ossoi

Tranny Chaser
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You could of course look at reality and see that taking measures to achive a balanced budget to make sure the government can honour its obligations (austerity) is practiced almost nowhere. Almost no western country (socialist, liberal, conservative, whatever) even try to cut its total spending. Sure, currently the rage is slashing social welfare but the budget deficits are still around.

US aims for a $468 billion deficit for 2015, as for the UK; "The UK racked up a deficit of 5.7 per cent of gross domestic product last year while the national debt soared to 89.4 per cent of national income, according to Eurostat."(2014), yeah they seem to work really really hard on balancing that budget!

(Maybe we do not share the same definition of the word austerity tho?)
your logic = "austerity isn't working therefore there was no austerity.

The euro is a disaster even for the countries that do everything right - The Washington Post
 

khorum

Murder Apologist
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He's wrong on the definition of austerity to begin with. Then he's wrong about passing balanced budget legislation being practiced "nowhere". Then he's wrong about about slashing government spending being "the rage".

Passing a Balanced Budget Amendment to the US constitution has been the holy grail for libertarians and neoliberals for decades. Whilst neocons dream about turning Mecca into a radioactive dishbowl and Liberals dream about marriage equality for NAMBLA, fiscal conservatives have had a hardon for the Balanced Budget Amendment since before even Reagan. They want it as an amendment to the constitution because it would encompass the full panoply of American legislative power. Aside from another amendment the only thing that would supersede it is a treaty ratified by both houses and signed by the President.

So you can imagine their irritation when theEUROZONE passed a treaty that imposed a Balanced Budget requirementamong its core articles. It was passed in 2013, ratified by all the members and to date all the signatories have begun implementation of the Balanced Budget rule except for (surprise) Greece and Bulgaria.

Furthermore the EU's Fiscal Compact (or the TSCG) is actually even more stringent than some of the Balanced Budget amendments the Republicans have proposed. In most cases the Republicans proposed it more to limit the national debt to below 60% of GDP than as a brake on deficit spending (since that would cut back on bombs and F-35s). But the Euro's TSCG has aggressive caps on deficits, actually requires a budget surplus and imposes GDP targets for member states.

So once again, the question goes back to why do you guys want Greece to even stay in the EU. Actually, I'm perplexed why ANY socialist would even want to stay in the EU bound by the TSCG. I mean, I get that EU was started as a check against American FUCKYEAHism, but that was back when DeGaulle thought the Germans were gonna be a minor sidekick to a French-led European community. But now not ONLY are you signed up to a seriously bigdick German hegemon, its also got a whole gaggle of Baltic fangirls still sore from seven decades of communist rule---you reckon those guys would ever be on the same page as Syriza or Podemos?

Look, here's your favorite BBC commentatorPaul Mason on what he thought about the Fiscal Compact treaty:
BBC_sl said:
by enshrining in national and international law the need for balanced budgets and near-zero structural deficits, the eurozone has outlawed expansionary fiscal policy.

It has done what the US Republicans would like to do - and if you think about it, it has made what Gordon Brown did, and what Barack Obama is doing illegal. (STIMULUS SPENDING)
The Guardian's evenmore succinct:
Guardian_sl said:
The 2011 treaty effectively banned Keynesian economics in the eurozone.
Irony of ironies, the man who saved British Keynesianism (and deficit spending) is the dude you guys just tried to boot out of office.Thanks, Dave!
 

Siliconemelons

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The Greeks essentially gave us modern civilization, they now- as a nation are retired and ran out of retirement funds and it's up the the kids to support them.
 

fanaskin

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not any of the parts that mattered. like democracy or logic, pretty much the antithesis of what the persians were doing.
 

Big Phoenix

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I dunno. Only landed men being able to vote isnt much of a democracy. Many greeks were fairly oppressive of women too, like modern day islam oppressive.
 

fanaskin

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oh for sure, but it's still 180 from asiatic mysticism and divinely crowned rulers. athenian democracy which was the only time direct democracy was ever tried in history as far as I know was kinda a failure and collapsed quickly too. that's why we don't live in a direct democracy it's petty and unstable also had a habit of ostracizing good people. the theatre became about mocking politicians and had an outsized influence on politics. I mean sure it was kinda dysfunctional and collapsed but it's nothing like a king who rules cause because god said he could.
 

Valishar

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Democracy Timeline - Ancient History Encyclopedia

It lasted actually quite a while, over 120 years. It ended in 320 BC not due to collapsing under itself but due Alexander's generals taking over Greece and basically abolishing the real power of their democracy.

I've found Greeks are extremely infatuated with their history, so much so that they tend to not focus on the future. This is just from talking to my Greek relatives, they won't hesitate to remind you all about the Greek legacy, but like most things in life, what have you done for me lately Greece?
 

Gavinmad

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Always thought it was kind of funny that Cleisthenes came up with the idea of ostracism after being exiled from Athens by Isagoras.
 

iannis

Musty Nester
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The greeks can't even repair their own cultural heritage monuments. So I mean, I dunno. Obviously the greeks whut build them 2,300 years ago were pretty spot on. This current crop can't even repair them though. Is it bragworthy?

I remember the NOVA where they were working on the Parthenon and all the ingenious tricks that went into it's construction. The part that I remember most though is that they were going to the quarry where they think the marble came from origionally, and the dudes wanted a few million bucks for the span. Now I get that national pride doesn't pay the rent... but it was a greek quarry and the material was going to be used for restoration of the parthenon.

Maybe that's a job you do at cost? I mean if you give a fuck. Which the greeks obviously don't, beyond trying to claim that they invented civilization or something.