Forum Post: EU Banskters flip out over Greek Referendum
Posted 13 years ago on Nov. 1, 2011, 9:34 a.m. EST by paplanner
(58)
from Mt Union, PA
This content is user submitted and not an official statement
Interesting that the People of Greece forcing their government to hold a referendum on the EU Bailout is scaring the shit out of the Crony Capitalists in Europe.
http://news.yahoo.com/european-markets-tank-greek-referendum-pledge-084755780.html
this shit is other than hilarious
I made some serious dough today shorting oil.
Uhmmm. Who cares? That's really OLD WORLD thinking.
Huh? Money still makes the world go round, my friend.
why would any self respecting greek accept budget cuts? the socialist machine needs to carry on running
If they dismiss the EU bailout in their referendum, Greece is done and would have to leave the Euro zone, would default, with serious consequences for Greece.
The Greek president turns himself into Pontius Pilatus and let's the wise crowd decide. He is one of the Crony Capitalists of the country.
Oh, yeah? Exactly WHAT serious consequences? Are ("like") people going to die...?
Greece is governed by their oligarchy. Bailout means Greek oligarchy put in chains, tough times for the Greek people. No bailout means Greece would be bankrupt, serious consequences for the ordinary Greek people and savings, oligarchy would continue with their old tricks and benefit from the crisis.
Greece is still hugely price inflated, compared with the rest of Europe.
A $50,000 job in Germany pays $70,000 in Greece. That's crazy with a shared currency.
Btw: same thing for China and the rest of the industrialized planet. Violates some heat-transfer limit implied by the 2nd Law of Thermodynamics.
But there's money to be shorted by ignoring the fundamentals.