Make sure the banks get paid 100 cents on the dollar. That's all that matters. Fear and intimidation is the right way to unify the continent. Let. them. Starve!!

Right?

...whenever and wherever possible!

So sayeth the DU troika.

It's a sad day indeed when politically minded people are cheering on oligarchy & debt enslavement, guess there's a bit of Gladiator sport in some.

Plenty of people have pointed out a better way to handle this. But some people like the idea that Greece will be PUNISHED. That the same bankers who crashed our economy and stole people's homes can go and pillage another country. That every principle of decency and compassion are violated. Ugh.

that Greece's finances were never sustainable?

...for them, right? Instead of, you know, a bail out?

has already taken a large hair cut on the Greek debt they own.

Now the people who hold Greek bonds are the other EU taxpayers.

In cahoots w/ the conservative government? Describe their "haircut."

that was illegal?

A swap is a transaction entered into by two willing parties.

when they don't, something stinks...it is quite telling.

Why should German taxpayers continue to subsidize Greece?

has already taken a large haircut on their bonds a couple of years ago.

Now the money is owed to other taxpayers.

Federal Reserve arguing they have an obligation to give me $10 billion because I said so.

Like my chances?

It doesn't get more hypocritical than denouncing bailout offers for infringing on one's sovereignty and then DEMANDING financial welfare from that same third party.

The troika pooh poohs every single one. They don't give a shit. They want to TEACH THEM A LESSON. They are greedy, evil fuckers.

That "democracy" shit is getting in the way of profit.

They knew all of this shit before the Greeks entered the Euro. They wanted to shock doctrine the country and bleed it dry. They wanted to sell of Greek heritage and national treasures. And those who will remain untouched can sit here and cheer. Fuck that.

They have a choice: Get their finances in order so they can get more loans or default and leave.

The population of the EU shouldn't have their tax money used to support a government that won't make changes that are required to get their finances in order.

NOT the Greek governments or the Greek people. This is welfare for EU banks who expect it to be paid for by Greek workers.

... repayment for the many years that the EU banks have been providing the
salaries, pensions and (literal) welfare for the Greek government & the Greek
people while the latter groups have been living (very well thank you) with
borrowed money with little or no intention of ever paying it back.

Now it is being claimed back and suddenly it is the rest of the EU that is at fault?

Fuck that.

would break down and no government would be able to finance its activities. Even the most ardently democratically socialist countries (the Scandinavian ones, among others) have to issue government bonds to finance day to day cash disbursements, as well as longer-term expenditures, such as infrastructure spending. Should nations be able to just repudiate their debt and get more bailout funds whenever they want? If they did, nobody would buy government debt and retirees would not get their pension checks, the trains and busses would not run, and health care systems would collapse.

Greece has been an epic disaster of financial mismanagement. They must accept the consequences of that. The ECB is not a charity, although as the lender of last resort in Europe, they have basically been operating like one.

Many other European nations are able to have healthy, thriving social democracies without going bankrupt. What is wrong with Greece? At a minimum, they could have raised their taxes on the wealthy and cut military expenditures years ago. They maintain a surprisingly large air force because of their absurd multi-decade pissing match with Turkey over Cyprus. Just one of many areas they could have retrenched before austerity was inflicted upon them.

I also realize that the lenders need to back off and give Greece the time the changes and I dont mean just 6 months or a year but they need probably atleast 5 - 10 years to make the changes and they shouldnt have to make repayments until the end of time on the balance they owe.
And I do mean the balance they owe because the interest should be set to zero because there is just no way in hell they can keep making those damn interest rate payments and be able to ever pay the debt off in any reasonable time period.

I would pursue the Icelandic strategy. Middle fingers aloft, no fucks given, we're not gonna pay you and there's not shit you can do about it. Presumably people will still want to visit the Parthenon and other such historic sites, and visit the fantastic Mediterranean beaches the Greece has to offer. Let the banksters choke on it.

to compensate some of the people, true they had to take a haircut but they have atleast made an honest attempt plus they were not reluctant to do major reforms.
If Greece wants to discuss a haircut for the lenders thats fine to but they need to be willing to also do reforms so as to fix their system and hopefully prevent a repeat.

They are not allowed to discuss getting the money other that pensions and public entitlements. The troika wants this on their terms and they want punishment austerity. They want it to HURT.

It's a game of chicken


EU leaders have warned Greeks that rejecting creditors' proposals in a referendum called for Sunday would mean leaving the euro.

Greek Prime Minister Alexis Tsipras has urged a no vote but insists he wants Greece to stay in the euro."They will not kick us out of the eurozone because the cost is immense," he said

German Vice Chancellor Sigmar Gabriel said the vote would be "yes or no to the eurozone".

http://www.bbc.com/news/world-europe-33319917

Go Greece!!!!!