On Monday, July 13, 2015 at 10:08:19 AM UTC-5, DhiaDuit wrote:
On Saturday, July 11, 2015 at 1:27:21 AM UTC-5, Hils wrote:
On 11/07/15 05:44, George Cornelius wrote:
In article , Hils writes:
On 06/07/15 01:23, Joe from Kokomo wrote:
On 7/5/2015 2:28 PM, Hils wrote:

"Investors simply didn't expect such a decisive win by the no side, so
there could be dramatic moves in tomorrow's financial markets."

Hmmmm...let me see if I understand this.

1) A country was financially irresponsible and got themselves in serious
financial trouble.

2) Then the Euro zone made a very large loan to said irresponsible country.

3) Then the Euro zone is totally surprised that said financially
irresponsible country defaulted on paying back the loan.

4) Said financially irresponsible country is now trying to dictate terms
of yet another bail-out loan from the Euro zone (just in case neither
side learned a lesson).

WTF ??????????????

....and round and round it goes. :-(

Greece was admitted to the Eurozone on the recommendation of a
fraudulent report by Goldman Sachs. At the time Germany was happy to
have Greece in the EU and EZ because much of the loans the Greek
government of the time took out were spent buying German weaponry for
the Greek armed forces. Other EU countries were happy because it kept
Greece from forging closer alliances with Russia and China and made the
EU look successful.

It is stated differently he Greece produced falsified financial statements
to prove they were on a sufficiently firm financial footing to fall under
the Euro system[*], statements approved at Brussels by a process involving
each contributor holding his nose as he passes a document on without ever
pressing the Greeks concerening any of its more outrageous claims.

More recently our media tend to merely claim they "lied their way in."

George

[*] Courtesy National Public Radio, not generally a bastion of conservative
thought, although the program in question was produced by American Public
Radio/Public Media, a Minnesota based producer of Public Radio programming
that I would categorize as politically centrist.

Certainly Greece's government at the time wanted into the EZ too. All of
the players involved wanted Greece in. Their reasons were different, but
all wanted it enough to all hold their noses while they lied about it.

The fundamental weakness of the EU was hidden in plain sight from the
first union treaty: "The functioning of the Union shall be founded on
representative democracy." Representative democracy invariably
degenerates into oligarchy as interests which have no democratic
accountability bribe, bully or blackmail representatives into
implementing laws and raising and spending taxes in ways which favour
the interests.

Had the EU been modelled on the Swiss constitution, it would IMV have
worked out far better for the majority of citizens.

theguardian.com Athens, Greece 3 December, 1944

Greece, TV. www.delicast.com and www.zerohedge.com