PULL THE OTHER ONE ANGELA... WE ARE SUPPOSED TO PAY WHAT?
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
To default or not to default? That is the question and don’t bother holding a referendum that everyone already knows the result of... it will be exactly the same result as that of the last election, you know, the one that rocketed Leftist Alex Tsipras to the prime ministership on a promise he wouldn’t pay.
Put simply the Greeks won’t be paying their bills! They will default! And the shame is that they will get away with it.
Stock markets are in freefall for no other reason than they are nervous of the “d” word. The truth is the lazy Greeks should never have been part of the EU because they were always going to use the Euro as an easy path to further socialism at the expense of other member nations.
Half the damned corrupt country refuses to pay tax (there is no penalty) and the other half lives off welfare. WTF were lenders doing financing these excesses and WTF did Brussels expect to be the final outcome?
Tsipras is simply fooling around. His invitation to Vladimir Putin to discuss the debt and Putin’s suggestion that he “may” help was just another thinly veiled Greek scam!
The chance of Putin’s involvement had sent shivers up the spines of other EU States and Tsipras intended to use that as a lever for a further delay on paying the debt.
Of course it didn’t work and Putin promptly disappeared as Brussels closed in demanding payment. But there can be no payment because the austerity measures Brussels imposed were only further weakening Greece’s ability to pay.
Brussels now wants Greece gone and Greece now wants out.
Default will ensue and Greece will go on its merry way with a XXX credit rating and a devalued Drachma designed to attract foreign investment in a dodgy tourist based economy.
Creditors will fight with their insurers for a few years and all will go back to normal.
But Greece will remain a corrupt example of how the EU was never supposed to work. A muddle-headed group of economists actually dreamt that EU members could all hop into bed and screw each other under a doona of one currency.
The trouble is that they all had disparate economies, different coloured governments and all the socialist members saw an opportunity to fleece the richer members.
After all, isn’t that what socialist governments do?
Fortunately only 19 of the 28 members took advantage of the invitational scam... they included, guess who? Yep, Luxembourg, Portugal, Spain, Greece, Ireland and Italy!
It appears those on the take are moving further Left while those being taken are moving further to the Right. Surprise surprise!
Despite nervous stock markets, even Germany’s Merkel hasn’t got her ovaries in a knot over Greece. Lenders, including the majors, have hedged their bets and insured losses as much as is possible against unsecured loans.
This is no GFC, Greece will only be a serious loss to itself and a Government as far Left as Tsipras’s will be no help in a recovery, but who cares, Ouzo sales are up and plates keep getting smashed in a socialist paradise where no-one pays except the lenders or the lenders’ insurers.
Tsipras’s referendum is designed to show that the people have spoken and not Tsipras.