skomer Posted February 12, 2012 Share Posted February 12, 2012 That wouldn't surprise me. This money was borrowed to be stolen, the amounts are too large for any other explanation. Some in Greece who were in on it will be very rich with overseas bank accounts. Others are going to become very poor with no jobs, cos their banks have no money, and no social security for obvious reasons. People in power looted the nation, and overseas investors to boot. What is really needed is someone to take over, find the criminals, lock them up and seize whatever assets can be found off of them. I suspect much of it has ended up in the London housing market.... Plenty of assets to be seized in and around Kensington, Westminster & Docklands Quote Link to comment Share on other sites More sharing options...
frederico Posted February 12, 2012 Share Posted February 12, 2012 OMG they've set fire to starbucks, where the hell will they get their coffee now? Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 12, 2012 Share Posted February 12, 2012 They might import it from the US or UK. Might be good news for us if they are buying it from the UK. Why? How the ****** will they pay for it. More likely the Germans will gleefully charge them double for some and add it to the tab. Just like all the German military hardware they bought. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 12, 2012 Share Posted February 12, 2012 OMG they've set fire to starbucks, where the hell will they get their coffee now? I remember going into what was at the time, the first Star******s in Heraklion, a couple of days after opening. Some poor Greek chap was quite perturbed that a "Greek coffee" was not on offer. Even after translation, the episode was quite funny. Seems like the love affair never got any better Quote Link to comment Share on other sites More sharing options...
leicestersq Posted February 12, 2012 Share Posted February 12, 2012 I suspect much of it has ended up in the London housing market.... Plenty of assets to be seized in and around Kensington, Westminster & Docklands Yep. Iceland bankers pulled the same stunt. Borrowed money, used it to buy UK assets, and then defaulted having done just enough to keep ownership if the assets, or so they thought. Some were right to think that. Germany is just a victim here, to another international sized borrowing scam. Lots of Greek people are victims too. Britain put pressure in Iceland to go after the crooks. A lot of this posturing is to get the Greeks to do the same. Quote Link to comment Share on other sites More sharing options...
Deckard Posted February 12, 2012 Share Posted February 12, 2012 Germany is just a victim here, to another international sized borrowing scam. Αρχίδια Quote Link to comment Share on other sites More sharing options...
desertorchid Posted February 12, 2012 Share Posted February 12, 2012 In the debate in parliament before the vote the Greek leader denounced the violence raging outside on the streets of Athens and said "they have no place in democracy"- Source Sky News Don't you just Love It!! Quote Link to comment Share on other sites More sharing options...
MRMX9 Posted February 12, 2012 Share Posted February 12, 2012 In the debate in parliament before the vote the Greek leader denounced the violence raging outside on the streets of Athens and said "they have no place in democracy"- Source Sky News Don't you just Love It!! You couldn't make it up. The quisling Papademos better watch out - those police protecting parliament might decide to join the protests! Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 12, 2012 Share Posted February 12, 2012 Αρχίδια I hardly think that Ed can help them Quote Link to comment Share on other sites More sharing options...
Deckard Posted February 12, 2012 Share Posted February 12, 2012 Three cheers for democracy Greek MPs pass austerity plan amid violent protests Quote Link to comment Share on other sites More sharing options...
leicestersq Posted February 12, 2012 Share Posted February 12, 2012 Three cheers for democracy Greek MPs pass austerity plan amid violent protests And so the madness goes on. Bondholders aren't going to accept haircuts, so there is going to be a default anyway. Why don't they just do an Iceland and take the pain? I guess the crooks must still be in charge. Quote Link to comment Share on other sites More sharing options...
Errol Posted February 12, 2012 Share Posted February 12, 2012 The ensuing riots and mayhem should make for amusing viewing. Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted February 12, 2012 Share Posted February 12, 2012 "Get back to work you worthless debt slaves!" "Oh wait - there's no work for you to get back to.." State failure ahead. Quote Link to comment Share on other sites More sharing options...
Monkey Posted February 12, 2012 Share Posted February 12, 2012 And so the madness goes on. Bondholders aren't going to accept haircuts, so there is going to be a default anyway. Why don't they just do an Iceland and take the pain? I guess the crooks must still be in charge. There's been 100 million written of by "private" banks Quote Link to comment Share on other sites More sharing options...
MarkG Posted February 13, 2012 Share Posted February 13, 2012 Why don't they just do an Iceland and take the pain? Because the Euro would collapse and then the EU would collapse and the usual suspects stand to lose vast amounts of power and money if that happens. Why should they care about a few million Greeks? Of course the end result will probably be a civil war, but they might get lucky. Quote Link to comment Share on other sites More sharing options...
Guest spp Posted February 13, 2012 Share Posted February 13, 2012 Mr Papademos had earlier said Greece did not have the luxury of such protests in such difficult times."Vandalisms, violence and destruction have no place in a democratic country and won't be tolerated," he said in a speech in parliament before the vote. Unbelievable...this bankster is unelected. He'd better have a chopper waiting if those police wake up. Quote Link to comment Share on other sites More sharing options...
getknk Posted February 13, 2012 Share Posted February 13, 2012 any chance we can export some benefit holders to greece for a quicker meltdown? Quote Link to comment Share on other sites More sharing options...
bmf Posted February 13, 2012 Share Posted February 13, 2012 "Get back to work you worthless debt slaves!" "Oh wait - there's no work for you to get back to.." State failure ahead. what they need is some kind of pyramid scheme like the eqyptians Quote Link to comment Share on other sites More sharing options...
daddybear Posted February 13, 2012 Share Posted February 13, 2012 (edited) With elections coming up,(April ?) what I would like to know is what are those politicians gonna campaign on. Screw you or screw you harder My moneys on the military coming back Edited February 13, 2012 by daddybear Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 13, 2012 Author Share Posted February 13, 2012 With elections coming up,(April ?) what I would like to know is what are those politicians gonna campaign on. Screw you or screw you harder My moneys on the military coming back It seems likely, although is there any sign of a independent party being formed with screw the bankers as it's campaign? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 13, 2012 Author Share Posted February 13, 2012 http://www.telegraph.co.uk/finance/debt-crisis-live/9078176/Debt-crisis-and-Greek-bailout-live.html Greek finance minister Evangelos Venizelos, in a passionate appeal for support before the midnight vote, gave one of the quotes of the day. He said:We must show that Greeks, when they are called on to choose between the bad and the worst, choose the bad to avoid the worst. So if that's the case, why not default! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 13, 2012 Share Posted February 13, 2012 http://www.telegraph...ilout-live.html So if that's the case, why not default! Greece is a fully "financialised" society. To do much of anything, you need a loan. The end game for a financialised society is that even if you have cash, its not enough....for the Doctor, the tax bill, the mortgage. Default is the ONLY cure for a financialised society....it will come to us all. Think of the local VET 20 years ago, it was a modest place where paying cash meant the visit wasnt only not painful, but you could do it without paying a third party. Today, the VET has grown fat with the new premises, the Mercedes, the exotic holidays, the exotic fees and quite a few staff. imagine the UK in default and we have to pay cash.....how is the VET going to pay back his loans?...how is the insurance company going to survive....the whole lot, based on borrowing is going to fail. Cash will be king...it may not be the notes in your pocket. Quote Link to comment Share on other sites More sharing options...
frederico Posted February 13, 2012 Share Posted February 13, 2012 Can't help feeling we haven't heard the last of this Quote Link to comment Share on other sites More sharing options...
moonriver Posted February 13, 2012 Share Posted February 13, 2012 Just saw these numbers on Bloomberg for the Greek vote... 199 Approve 74 Against 29 Abstain The presenter said that there will be a lot of MP'S afraid to go out today. I heard one guy say on the radio that the possible problem for the government could be that various parties have thrown out a total of 45 MP's. Quote Link to comment Share on other sites More sharing options...
Rare Bear Posted February 13, 2012 Share Posted February 13, 2012 http://www.zerohedge...ns-out-tear-gas I wonder if part of the bailout money will be to fund tear gas purchase? More to the point, will they have to pay cash up front? Quote Link to comment Share on other sites More sharing options...
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