Category Archives: Greece

Is The Financial Crisis All Greek?

The people of Greece are suffering as a result of the current economic crisis which has led to demands from the European Union for austerity measures. There is no doubt German Chancellor Angela Merkel has been the leader in efforts to impose strick economic requirements that have resulted in rising unemployment and poverty for millions of Greeks. Ms. Merkel was in Athens and was greeted by thousands of demonstraters dressed in Nazi uniforms and giving Nazi salutes to pictures of Merkel dressed in a Nazi uniform. Greeks are angry at Germans bearing gifts of austerity rather than dollars.

Is Germany responsible for the Greek  problem? Of course, German banks gave loans they never should have given to  Greek banks. The fault for economic collapse lies  in  Greece as much as in Europe. Greek governments refused to make the wealthy pay taxes. Greek governments allowed the stifling bureaucratic society in which entry into occupations was restricted. We Americans are also suffering from  governments that spent and did not demand higher taxes.

Merkel is a symptom, not the cause of current economic problems in Greece. Her solutions are part right, austerity has A place, but it is not the solution.  There is need for government expenditures to stimulate the economy and enforcement of taxes on the wealthy!

The Greek Way Ain’t The Realistic Way

It is quite clear the people of Greece regard themselves as being punished because they are Greek. They are furious at Germany and other members of the European Union for insisting on drastic cuts in government expenditures in order to pay off large debts. Thousands are in the streets of all major towns demonstrating anger and hurt at demands for austerity and fiscal responsibility. About 50,000 joined a union sponsored demonstration in Athens and others are participating in strikes.

Reality is that Greece has a haphazard system of tax collection which allows most people to sort of not pay the full rate. The Greek government for years has operated on the principle that the Tooth Fairy would repay loans. The fault lies not in the European Union, but in the culture of Greece. As an American, I understand full well how one can borrow, go into debt and never confront reality.  We Americans are currently paying for our lack of reality and belief in the Tooth Fairy.

Unfortunately, the bottom line is when there is fiscal irresponsibility, the wealthy walk away with money in their pockets or at least in Switzerland. If you are in the pottery shop and break something, you own it.

Greece Is Still Greece

There was an election in Greece to determine if the people of that troubled land wanted to walk out of the European Union or remain and be broke. Several political groups urged departing the European Union, saying the heck with debts and — actually they never clearly explained what a bankrupt Greece that did not pay debts would do for money. The New Democracy Party led by Antonis Samaras pledged to remain in the EU and work out some form of economic solution.

In reality, Greece will not emerge from the current mess without Germany and other EU nations adopting the Obama approach of economic stimulus instead of economic unemployment. People need jobs, people need wages, and then people will purchase goods and pay taxes. It is time for common sense economic stimulation and an end to Republican nutty ideas of not forcing the wealthy to pay more taxes and firing people.

It is time for Europe to learn how the Great Depression ended–GOVERNMENT INTERVENTION.

Storm Troop Lover Storms Out!

Ilias Kasidiaris has a love affair with the Nazi party of Adolf Hitler. He longs for the good old days when storm troopers walked the streets of his native Greece killing those damn Jews and other riff raff who were not true Aryans. Mr. Kasidiaris now heads the Gold Dawn political party in Greece which would like to take over the nation and restore law and order as beloved Nazi party used to impose on nations they conquered. And, they certaily did not allow MUSLIMS to live in the Aryan Greece they had conquered.

Ilias was on a TV program and some slut of a woman dared say to him that his politcal party wanted to take Greece back about 500 years. He pushed the woman and then assaulted another one. That is what a Nazi would do  so why couldn’t he do it?

G8 Ain’t Happy Time For Many

There will be another meeting of G8 leaders who will gather in Chicago in order to discuss the state of world economies. Protesters will gather in the near vicinity of these illustrious heads of states, but it is doubtful if their words or sounds will ever reach the ears of those with power. One young protester summed up feelings of his group: “All we want to do is work, to her able to support ourselves. But, thanks to the rich being greedy, we can’t even do that.”

First, let us clear up some confusion.  Those who are rich are wealthy because they are wealthy. Protesters seek to transform a billionaire into someone who has to survive on a few hundred million. God has ordained that those with money are his favorite children. Just ask them. Let me make clear to those protesting, please check out the garbage area of hotels and you will find ample food for an evening’s mail.

Rock And Hard Place

Spain in 2012 typifies the old expression concerning being caught between a rock and a hard place. Unemployment is over 25% and for those under 30 it is much higher. The government is cutting, cutting, relying on austerity and concerned if anyone will even loan a dollar to the government. Prime Minister Mariano Rajoy warned there is a “serious  risk that investors will not lend us money or they  will do so at an astronomical rate.” So, what to do?

The answer is clear to Angela Merkel, to David Cameron to Mitt Romney, to the Republican party– just cut government expenditures, lower taxes on the wealthy, and let a few people reduce calorie intake in order to end obesity and end rising debt. Of course, there is absolutely no evidence this approach will work, but it certainly looks great to the “job creators”of the modern world.

Somehow, it is still a bit unclear which type of jobs they are creating and for whom are those jobs? In the meantime, cut out the food.

Homegrown Greek Nazis!

It is unfortunate that Greek schools have not taught their children what happened during the terrible days of World War II. Thousands of Greeks were murdered by Nazi occupiers and vast areas laid to waste during fighting. Alas, that was then, today is now in Greece. The country is suffering from “austerity” measures that destroy jobs, lead to loss of savings and cause many to turn towards Fascist ideas. It is as though Greeks seek a new Mussolini or Hitler to save them from the ravages of foreigners who take away their wealth.

These days in many neighborhoods of Athens, vigilante groups of young men with shaved heads roam the streets assaulting foreign immigrants. Panayiotis Roumeliotis,  a resident, was shocked to witness a group of thugs belonging to Golden Dawn, take over a bus and beat up any who appeared to be foreigners from Africa. “They were beating people with a Greek flag.” The young men left   with arms in the air giving a Nazi salute.

The police arrived and when he expressed anger at what happened, the police referrred to these thugs as “good boys” and inquired, “Why did they do something to you?” No, this time the fasistakia beat up a foreigner, who knows who they next will assault?

A Modern Greek Tragedy

There are unconfirmed reports that Mitt Romney will decline to run for president of the United States and go to Greece in order to restore law and order.  Mitt  believes  austerity is the proper medicine for those who lack a few million dollars to their name. Greece has witnessed soaring unemployment as the government is compelled to impose austerity measures demanded by the European Union. Mitt is among the most fervent supporters of EUROPEAN IDEAS such as austerity and high unemployment.

The people of Greece held an election. No one actually won. The Conservative New Democracy party got 18.5% of the vote and wound up with 100 of 300 parliament seats. Figure that one out. Radical Left Coalition leader Alexis Tsipras  insists  he will not  give aid and support to conservatives until they seek and end to austerity and allow measures  that result in jobs.

Mitt, this is a wonderful opportunity to try your austerity ideas out on people who are not American. The worst that can occur is a minor Greek tragedy and Greeks are not that important in American elections–so what can you lose??


Austerity Not Austere For Europeans

Each day brings new evidence Europeans are disgusted with government policies which seek to reduce expenditures in order to restart economies. Of course, over fifty years ago John Maynard Keynes put to rest false notions that reducing government expenditures is the road out of recessions. In America, right wingers denounce the “European ideas” of Barack Obama even though European nations like Ireland, UK, Spain, Italy, France, etc.. are putting into practice Republican ideas about reducing government expenditures.  Of course these European measures are being carried out by Capitalist governments even while Republicans are denouncing Socialist governments for European problems.

President Obama has made mistakes, but his current programs of stimulating the economy are on the right track. The US economy is leading all but Germany in recovery even as Republicans demand he carry out  austerity programs. Firing people leads to unemployment, not to employment. US corporations have witnessed–under Obama–doubling of the Dow Jones and they are sitting on over $2 Trillion in their corporate accounts. They have NOT been impacted by taxes and the fault lies in failure to hire people, get them working and get them paying taxes.

Is Greece In Your Portfolio?

The nation of Greece is bankrupt and ready to sell a good hunk of its infrastructure to the highest bidder. The Greek government is ready to sell highways, power plants, airports, ports and  even some of its 6,000 islands to those seeking to own a piece of this nation. I am not quite clear as to whether Greek citizens come along with the island. Do I get to have Greeks as my servants when I own an island or do I decide who gets on an airplane when the place is mine?

Of course, there is talk in Congress by opponents of illegal immigrants from Mexico to purchase some Greek islands and settle them  with illegal immigrants currently residing in the USA. I would suggest that once on the islands, those illegals should elect Ron Paul as their president and Rick Santorum as their vice president. Both these men have close connections with God.

If these illegals take over Greek islands can they install custom officials who would decide whether to allow American tourists to enter?