Article

2010-02-25 Europe

Greek Minister Calls Germans Nazis, Germans Say "Raus!"

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Posted by Grunter 2010-02-25 08:56|| || Front Page|| [11129 views ] Top

#1 http://www.youtube.com/watch?v=fvqPjAN668U

Posted by Bright Pebbles 2010-02-25 11:44|| 2010-02-25 11:44|| Front Page Top

#2 Godwin's Law! Greece loses the argument.

Posted by gromky 2010-02-25 12:23|| 2010-02-25 12:23|| Front Page Top

#3 Greece could default as early as next week when they will sell 10B in bonds. If bids are too low they may refuse them and they will be out of money to run the government.

Posted by phil_b 2010-02-25 12:34|| 2010-02-25 12:34|| Front Page Top

#4 "Greece has greatly damaged its chances of an EU bail-out by lashing out at Germany over war-time atrocities and accusing Italy of cooking its books to hide public debt."

Is Mr Katsaris advising the Greek Government already?

Posted by Bulldog 2010-02-25 13:13|| 2010-02-25 13:13|| Front Page Top

#5 So let me get this straight.

Greece blows all their money on social give-away programs and runs out of money.

Rest of Europe refuses to fork over more cash for the Greek government to give away.

Greeks engage in a general strike that reduces economic activity thereby reducing government revenues even more which makes the problem even worse.

Does Greece have schools? Don't they teach basic arithmetic? If outgo is greater than income, the result is bankruptcy.

The problem is somewhat like a US state going broke and demanding a federal bailout and the other states saying "no".

Posted by crosspatch 2010-02-25 13:40|| 2010-02-25 13:40|| Front Page Top

#6 Is Mr Katsaris advising

That was unnecessary, Bulldog. The people running the country are clearly not listening to anyone, including their various mothers, priests, or even extraordinarily clever primary school offspring.

Posted by trailing wife 2010-02-25 13:55|| 2010-02-25 13:55|| Front Page Top

#7 War! On the European Continent in less than 5 years. We should let them slug it out on their own this time.

Posted by Secret Asian Man 2010-02-25 14:15|| 2010-02-25 14:15|| Front Page Top

#8 The people running the country are clearly not listening to anyone, including their various mothers, priests, or even extraordinarily clever primary school offspring, dogs, cats, chickens, invertebrates or protozoans.

There, fixed it for you TW.

Posted by AlanC 2010-02-25 15:09|| 2010-02-25 15:09|| Front Page Top

#9 Can't be Mr. Katsaris. He only insults Americans.

Posted by Steve White 2010-02-25 16:52|| 2010-02-25 16:52|| Front Page Top

#10 I am as happy to pile on he who shall not be named as anyone here...but I believe he posted here recently that he was just as unimpressed with the performance of the Greek government as any of us.

We (and the Germans, whose wonderful Bismark and Marx got this ball rolling) should also recognize that we are years, not decades, away from being in the same situation. That we are now considering expanding government health care to cover every one while we watch the Greek people and state writhe speaks to the absence of leadership or realism in our ruling class. This will not end well for them or us and schadenfreude is only whistling past the grave yard in this case.

Posted by Nimble Spemble 2010-02-25 17:36|| 2010-02-25 17:36|| Front Page Top

#11 Greece spent 6.5 billion Euros on the 2004 Olympics (4% of GDP). I'm sure that didn't help.

A good thing that Obumble failed to land the Olympics for Chicago.

Posted by DMFD 2010-02-25 18:03|| 2010-02-25 18:03|| Front Page Top

#12 Does Greece have schools? Don't they teach basic arithmetic?

It's call Progressive Arithmetic. It's the basis of Economic Creationism [where value magically appears out of nothing]. Here's an example.

Posted by Procopius2k 2010-02-25 19:03|| 2010-02-25 19:03|| Front Page Top

#13 should also recognize that we are years, not decades, away from being in the same situation

The sovereign debt crisis will happen a lot faster than most realize. Initially, it will likely be good for the USA with a flight to the USD. But the US goverment is currently buying 80% of the debt it is issuing. That is, it is only selling 20% of the debt it needs to fund the deficit. That is unsustainable - printing money. And that road leads to hyper-inflation.

Will and when will the sovereign debt crisis reach the USA? Your guess is probably as good as mine, but I'd bet sooner rather than later.

Posted by phil_b 2010-02-25 19:44|| 2010-02-25 19:44|| Front Page Top

#14 All things considered, I'd rather be in Perth.

Posted by Nimble Spemble 2010-02-25 20:21|| 2010-02-25 20:21|| Front Page Top

#15 So I'm given to understand, NS. ;-)

Posted by lotp 2010-02-25 20:23|| 2010-02-25 20:23|| Front Page Top

#16 Only one way to find out, lotp.

Posted by Nimble Spemble 2010-02-25 20:27|| 2010-02-25 20:27|| Front Page Top

23:46 trailing wife
23:14 USN,Ret. (in Michigan)
23:12 Cornsilk Blondie
23:06 tu3031
22:24 phil_b
22:19 trailing wife
22:07 Willy
22:05 trailing wife
22:01 SteveS
22:01 Glavigum Bonaparte4309
21:56 SteveS
21:43 Anguper Hupomosing9418
21:35 newc
21:31 Last Breath Farm Resident
21:29 Secret Asian Man
21:19 Last Breath Farm Resident
21:13 Nimble Spemble
21:06 Halliburton - Mysterious Conspiracy Division
21:04 Last Breath Farm Resident
20:55 Tom- Pa
20:55 Last Breath Farm Resident
20:49 trailing wife
20:44 trailing wife
20:42 Last Breath Farm Resident