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marmar

(77,081 posts)
Fri Aug 21, 2015, 06:44 AM Aug 2015

Germans begin the looting of Greece


(MarketWatch) — To the victor goes the spoils.

The ink was not yet dry on the new European bailout accord for Greece before German companies started their plundering of Greek assets.

Per provisions of the “agreement” imposed on Greece, the Athens government awarded the German company that runs the Frankfurt Airport, Fraport, a concession to operate 14 regional airports, mostly on the islands like Mykonos and Santorini favored by tourists, for up to 50 years in the first privatization of government-owned assets demanded by the creditors.


The airport deal had been agreed upon last year by the previous Greek government and then suspended by Prime Minister Alexis Tsipras’s newly elected government this year as part of his pledge to prevent the fire sale of valuable public assets at bargain-basement prices.

The airport deal gives Fraport the right to run the facilities as its own for 1.2 billion euros over the 50 years and an annual rent of 23 million euros. The German company is also pledging to invest significantly in upgrades for the airports. ................(more)

http://www.marketwatch.com/story/germans-begin-the-looting-of-greece-2015-08-21?dist=beforebell




37 replies = new reply since forum marked as read
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Germans begin the looting of Greece (Original Post) marmar Aug 2015 OP
I wonder if Tsipras received anything personally to explain his abrupt about face on the bailout. GoneFishin Aug 2015 #1
Yeah. He got to realize he had no way to sustain his own nation. Nuclear Unicorn Aug 2015 #3
He'd rather rule in Hell than serve in Heaven Demeter Aug 2015 #5
But what's the alternative? nxylas Aug 2015 #6
It depends on the regime that replaces him, whom it would be a win for. bemildred Aug 2015 #7
Yep. He's a traitor. He asked the people what course to take. They answered. He said "fuck you all". GoneFishin Aug 2015 #17
Begin or continue?? malaise Aug 2015 #2
WWII is not yet over. WinkyDink Aug 2015 #4
It has been claimed that WW1 never ended. zeemike Aug 2015 #9
"Greece for the World" is the tenth-percenters' end game. hifiguy Aug 2015 #31
I disagree.....it is not "looting" when the lootee is charging 30 million dollars a year. Fred Sanders Aug 2015 #8
Money which will flow right back to them to pay the debt. zeemike Aug 2015 #11
Where did the money Greece borrowed flow to then? Get the money from there whatthehey Aug 2015 #16
Well from the lenders and investors of course. zeemike Aug 2015 #28
This is not normal commercial banking. hifiguy Aug 2015 #33
Exactly! Euphoria Aug 2015 #35
It's so simple to understand hifiguy Aug 2015 #36
Economist Richard Wolff predicted this. n/t Triana Aug 2015 #10
Wolff is one of the best out there. hifiguy Aug 2015 #32
A look into our future. Fuddnik Aug 2015 #12
The sell-off was perpetuated by the Greek people as much as by corporations. randome Aug 2015 #13
"greed truly is an intrinsic part of modern humanity" Nuclear Unicorn Aug 2015 #20
I'm trying to be optimistic, implying that we can change. randome Aug 2015 #23
The only thing we can change is ourselves. Yet, we always seem so preoccupied with changing Nuclear Unicorn Aug 2015 #24
I think that's a very keen insight on your part. randome Aug 2015 #34
Regretfully, I have to agree with you. closeupready Aug 2015 #25
Many Germans, at least on the right, believe that Greece is 'looting' German money pampango Aug 2015 #14
Don't overlook Goldman Sachs' role and the fees they received to hide Greek's debt so that Greece GoneFishin Aug 2015 #15
The Greek government had plenty to do with it; that's what they paid for. whatthehey Aug 2015 #18
And all Golddigger Sachs had to do was to say no. As usual the citizenry gets fucked by the people GoneFishin Aug 2015 #19
"And all Golddigger Sachs had to do was to say no." Nuclear Unicorn Aug 2015 #21
the airport at Santorini is quaint, security is an after thought Demonaut Aug 2015 #22
Excuse me... GermanWatcher Aug 2015 #26
+1. bemildred Aug 2015 #27
Thank you. nt GermanWatcher Aug 2015 #29
Yes the OP should be corrected to indicate German Corporations, not Germans, imo. yellowcanine Aug 2015 #30
Yep. Bankers Looting. hunter Aug 2015 #37
 

Demeter

(85,373 posts)
5. He'd rather rule in Hell than serve in Heaven
Fri Aug 21, 2015, 08:37 AM
Aug 2015

Tsipras is a traitor to his nation. Whether he was from the beginning or not, he is now and forever tainted by this massive failure.

Think he will be able to form a new government? I hope not. The Greek people may be confused and despairing, but to reward such a man....that would be truly crazy.

nxylas

(6,440 posts)
6. But what's the alternative?
Fri Aug 21, 2015, 09:02 AM
Aug 2015

The 0.01% would love to be able to show the world that you can't vote them out even if you want to. Capitalism without democracy is their goal, and regime change in Greece would be a major symbolic victory for them.

bemildred

(90,061 posts)
7. It depends on the regime that replaces him, whom it would be a win for.
Fri Aug 21, 2015, 09:09 AM
Aug 2015

Sometimes the money people lose to the power people or the military people. Sometimes the bankers lose (FDR, Iceland). Sometimes there is a revolution (Soviet Union, Cuba, France 1789, among many others). Sometimes the people throw them all out in an election and start to make real reforms (Ecuador, Chile, Bolivia, Venezuela).

GoneFishin

(5,217 posts)
17. Yep. He's a traitor. He asked the people what course to take. They answered. He said "fuck you all".
Fri Aug 21, 2015, 10:21 AM
Aug 2015

zeemike

(18,998 posts)
9. It has been claimed that WW1 never ended.
Fri Aug 21, 2015, 09:16 AM
Aug 2015

And that capitalism has become a beast that will devourer the whole world.

 

hifiguy

(33,688 posts)
31. "Greece for the World" is the tenth-percenters' end game.
Fri Aug 21, 2015, 12:28 PM
Aug 2015

This is just a trial run to polish up the processes and methods for the implementation of the New Fascist Feudalism.

World conquest without firing a shot. All the real estate is left in good condition and there are nice, large captive populations of soon-to-be-virtual-slave laborers to serve their plutocratic betters.

Sit down, shut the fuck up and eat your cabbage, pigs.

And NO BEGGING.

Fred Sanders

(23,946 posts)
8. I disagree.....it is not "looting" when the lootee is charging 30 million dollars a year.
Fri Aug 21, 2015, 09:12 AM
Aug 2015

And repairs the house before leaving.

whatthehey

(3,660 posts)
16. Where did the money Greece borrowed flow to then? Get the money from there
Fri Aug 21, 2015, 10:20 AM
Aug 2015

Can't blame a lender for wanting repayment.

And no "debt" forgiveness of Germany after WW2 is not analogous. That was not repayment of loans, but essentially a fine for losing a war.

zeemike

(18,998 posts)
28. Well from the lenders and investors of course.
Fri Aug 21, 2015, 11:47 AM
Aug 2015

Who lend money for profit.
And in this case they not only get the profit from the interest but the profit from the property once owned by the state...it is called debt slavery.

But of course we practice it too...even back in history with the company store right up till now with student debt. Keep people in debt to you and you own them. And soon them and their personal property.
That is why we don't have family farmers anymore...ADM owns most of the good farm land and the functions of government have been privatized including the military.

 

hifiguy

(33,688 posts)
33. This is not normal commercial banking.
Fri Aug 21, 2015, 12:31 PM
Aug 2015

That is the wrong model.

The correct model to use in this case is Mafia loan-sharking. You borrow money and can't pay, so they loan you more money, part of which you use to pay the initial debt, the rest of which is subject to an even more outrageous interest rate. Every dime you borrow goes right back to the loan-shark - the borrower NEVER SEES A DIME OF IT. It's a never-ending downward spiral.

Fuddnik

(8,846 posts)
12. A look into our future.
Fri Aug 21, 2015, 09:56 AM
Aug 2015

Selling off public assets like highways, parking meter concessions, education, prisons, ..........

Neo-liberal economics at it's finest. Coming soon to a country near you. All to keep corporations and the rich from paying taxes.

 

randome

(34,845 posts)
13. The sell-off was perpetuated by the Greek people as much as by corporations.
Fri Aug 21, 2015, 10:09 AM
Aug 2015

Massive tax fraud helped them into this situation. Which just goes to show that greed truly is an intrinsic part of modern humanity.

The situation is deplorable but it's too simplistic to say that the Germans are out to 'get' Greece or that only greedy corporations are to blame or that capitalism is some sort of disease that infects only certain types of people.

Corporations are not people but they are composed of people. It's the people of Greece who allowed this situation to develop.

Tsipras is an idiot. He made things even worse, which is kind of hard to believe, but true.
[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]

 

randome

(34,845 posts)
23. I'm trying to be optimistic, implying that we can change.
Fri Aug 21, 2015, 10:36 AM
Aug 2015

Maybe we can't but I think it's important to keep trying anyways.
[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]

Nuclear Unicorn

(19,497 posts)
24. The only thing we can change is ourselves. Yet, we always seem so preoccupied with changing
Fri Aug 21, 2015, 10:40 AM
Aug 2015

the other guy -- and I can't help but believe we do it to keep from examining ourselves.

 

randome

(34,845 posts)
34. I think that's a very keen insight on your part.
Fri Aug 21, 2015, 12:38 PM
Aug 2015

[hr][font color="blue"][center]You have to play the game to find out why you're playing the game. -Existenz[/center][/font][hr]
 

closeupready

(29,503 posts)
25. Regretfully, I have to agree with you.
Fri Aug 21, 2015, 10:46 AM
Aug 2015

I'd like to think the Greeks are being victimized, and to some extent I do think they are, but to a larger extent, they created this mess on their own.

pampango

(24,692 posts)
14. Many Germans, at least on the right, believe that Greece is 'looting' German money
Fri Aug 21, 2015, 10:16 AM
Aug 2015

and don't like it.

Greece has many problems. They were caused by themselves (largely their own oligarchs refusing to be taxed) and by others. The solution will be complex and long term. It will have to involve debt reduction though most are not willing to discuss that at this time.

GoneFishin

(5,217 posts)
15. Don't overlook Goldman Sachs' role and the fees they received to hide Greek's debt so that Greece
Fri Aug 21, 2015, 10:19 AM
Aug 2015

could go deeper into debt.

The Greece populace had absolutely nothing to do with Goldman Sachs' (SOP for them) decision to behave unethically.

whatthehey

(3,660 posts)
18. The Greek government had plenty to do with it; that's what they paid for.
Fri Aug 21, 2015, 10:23 AM
Aug 2015

All they had to do to keep GS out of it completely was not borrow more than they could afford, and not deliberately ask GS to pretend that they could afford it.

GoneFishin

(5,217 posts)
19. And all Golddigger Sachs had to do was to say no. As usual the citizenry gets fucked by the people
Fri Aug 21, 2015, 10:27 AM
Aug 2015

at the top who pay no price for their treachery.

Nuclear Unicorn

(19,497 posts)
21. "And all Golddigger Sachs had to do was to say no."
Fri Aug 21, 2015, 10:32 AM
Aug 2015

All the Greek government had to say was nothing. If the cops offer you money to break the law it's entrapment and the case would be dismissed. Here is a government -- the maker of law -- soliciting a service.

Is what GS did bad? Yes -- but it started and ended with the Greek government seeking to defraud its creditors.

GermanWatcher

(61 posts)
26. Excuse me...
Fri Aug 21, 2015, 11:33 AM
Aug 2015

... for voicing an objection: It's not the Germans. It's German corporations and conservative politicians. (Know that pattern?)

I can assure you that I'm not about to embark on a looting raid, nor am I or any of my friends or family planning too.

In fact, there are a lot of Germans that are ashamed of the disgraceful role the government has played in the crisis talks.

bemildred

(90,061 posts)
27. +1.
Fri Aug 21, 2015, 11:43 AM
Aug 2015

It is always important to get clear about who it is you are angry with, and it is not ordinary Germans.

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