Labour hire Varoufakis as advisor

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nickgusset Shizzlehurst 01 Mar 16 5.05pm
Originally posted by Stuk Like the ports.... "Greece has named China's state-controlled Cosco shipping group as the preferred bidder in a €1.5bn deal to control and run Piraeus port" Nothing was given away. The entire purpose was to profit from Greece's failure. The privatization scheme has to be "approved" by the creditors. Meaning that they basically got to choose the buyers and set the terms. The power generation, water supply, public transportation and possibly some of the landmarks were takeover targets. This was an exercise in NeoLiberal governance (read: theft) that will take a few years to show the down side. There can be no up side because all that will be doing is taking value off of the country's balance sheet and giving it less to work with. Edited by nickgusset (01 Mar 2016 5.06pm)
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nickgusset

Shizzlehurst 01 Mar 16 5.05pm

Originally posted by Stuk

Like the ports....

"Greece has named China's state-controlled Cosco shipping group as the preferred bidder in a €1.5bn deal to control and run Piraeus port"

Nothing was given away.

The entire purpose was to profit from Greece's failure. The privatization scheme has to be "approved" by the creditors. Meaning that they basically got to choose the buyers and set the terms. The power generation, water supply, public transportation and possibly some of the landmarks were takeover targets. This was an exercise in NeoLiberal governance (read: theft) that will take a few years to show the down side. There can be no up side because all that will be doing is taking value off of the country's balance sheet and giving it less to work with.

Edited by nickgusset (01 Mar 2016 5.06pm)

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Stuk Top half 01 Mar 16 5.17pm
Originally posted by nickgusset The entire purpose was to profit from Greece's failure. The privatization scheme has to be "approved" by the creditors. Meaning that they basically got to choose the buyers and set the terms. The power generation, water supply, public transportation and possibly some of the landmarks were takeover targets. This was an exercise in NeoLiberal governance (read: theft) that will take a few years to show the down side. There can be no up side because all that will be doing is taking value off of the country's balance sheet and giving it less to work with. Edited by nickgusset (01 Mar 2016 5.06pm) I think it was more to pay off some of their debt. Using emotive language doesn't change the facts. There was no give away or theft. If the only thing you have are assets, you have to part with them to raise funds. There's no magic wand. Argentina just found that out after f***ing about over their debts for 15 years. Optimistic as ever
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Stuk

Top half 01 Mar 16 5.17pm

Originally posted by nickgusset

The entire purpose was to profit from Greece's failure. The privatization scheme has to be "approved" by the creditors. Meaning that they basically got to choose the buyers and set the terms. The power generation, water supply, public transportation and possibly some of the landmarks were takeover targets. This was an exercise in NeoLiberal governance (read: theft) that will take a few years to show the down side. There can be no up side because all that will be doing is taking value off of the country's balance sheet and giving it less to work with.

Edited by nickgusset (01 Mar 2016 5.06pm)

I think it was more to pay off some of their debt.

Using emotive language doesn't change the facts. There was no give away or theft.

If the only thing you have are assets, you have to part with them to raise funds. There's no magic wand. Argentina just found that out after f***ing about over their debts for 15 years.

Optimistic as ever

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nickgusset Shizzlehurst 01 Mar 16 5.25pm
Originally posted by Stuk I think it was more to pay off some of their debt. Using emotive language doesn't change the facts. There was no give away or theft. If the only thing you have are assets, you have to part with them to raise funds. There's no magic wand. Argentina just found that out after f***ing about over their debts for 15 years. I suggest you read up on neoliberalism and zombie economies.
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nickgusset

Shizzlehurst 01 Mar 16 5.25pm

Originally posted by Stuk

I think it was more to pay off some of their debt.

Using emotive language doesn't change the facts. There was no give away or theft.

If the only thing you have are assets, you have to part with them to raise funds. There's no magic wand. Argentina just found that out after f***ing about over their debts for 15 years.

I suggest you read up on neoliberalism and zombie economies.

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chris123 hove actually 01 Mar 16 6.26pm
Originally posted by nickgusset The entire purpose was to profit from Greece's failure. The privatization scheme has to be "approved" by the creditors. Meaning that they basically got to choose the buyers and set the terms. The power generation, water supply, public transportation and possibly some of the landmarks were takeover targets. This was an exercise in NeoLiberal governance (read: theft) that will take a few years to show the down side. There can be no up side because all that will be doing is taking value off of the country's balance sheet and giving it less to work with. Edited by nickgusset (01 Mar 2016 5.06pm) Apart from Greek banks, post write off, the debt is owed to the EU and the IMF, so there are no more corporate creditors, it's countries that Greece owes money to.
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chris123

hove actually 01 Mar 16 6.26pm

Originally posted by nickgusset

Edited by nickgusset (01 Mar 2016 5.06pm)

Apart from Greek banks, post write off, the debt is owed to the EU and the IMF, so there are no more corporate creditors, it's countries that Greece owes money to.

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matt_himself Matataland 01 Mar 16 7.51pm
Originally posted by nickgusset The entire purpose was to profit from Greece's failure. The privatization scheme has to be "approved" by the creditors. Meaning that they basically got to choose the buyers and set the terms. The power generation, water supply, public transportation and possibly some of the landmarks were takeover targets. This was an exercise in NeoLiberal governance (read: theft) that will take a few years to show the down side. There can be no up side because all that will be doing is taking value off of the country's balance sheet and giving it less to work with. Edited by nickgusset (01 Mar 2016 5.06pm) So, what you are saying is that Greece should have been allowed to spend and borrow at will and suffer no consequences? What about its lenders? Do they have no rights? "That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02
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matt_himself

Matataland 01 Mar 16 7.51pm

Originally posted by nickgusset

Edited by nickgusset (01 Mar 2016 5.06pm)

So, what you are saying is that Greece should have been allowed to spend and borrow at will and suffer no consequences?

What about its lenders? Do they have no rights?

"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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nickgusset Shizzlehurst 01 Mar 16 9.49pm
Originally posted by matt_himself So, what you are saying is that Greece should have been allowed to spend and borrow at will and suffer no consequences? What about its lenders? Do they have no rights? Bail them out. If it's ok for the banks... As usual it's Joe Public what suffers.
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nickgusset

Shizzlehurst 01 Mar 16 9.49pm

Originally posted by matt_himself

So, what you are saying is that Greece should have been allowed to spend and borrow at will and suffer no consequences?

What about its lenders? Do they have no rights?

Bail them out. If it's ok for the banks...

As usual it's Joe Public what suffers.

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chris123 hove actually 01 Mar 16 9.59pm
Originally posted by nickgusset Bail them out. If it's ok for the banks... As usual it's Joe Public what suffers. Bail out the IMF?
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chris123

hove actually 01 Mar 16 9.59pm

Originally posted by nickgusset

Bail them out. If it's ok for the banks...

As usual it's Joe Public what suffers.

Bail out the IMF?

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nickgusset Shizzlehurst 01 Mar 16 10.07pm
Originally posted by chris123 Bail out the IMF? Don't be silly.
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nickgusset

Shizzlehurst 01 Mar 16 10.07pm

Originally posted by chris123

Bail out the IMF?

Don't be silly.

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chris123 hove actually 01 Mar 16 10.15pm
Originally posted by nickgusset Don't be silly. Who were you suggesting should be bailed out?
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chris123

hove actually 01 Mar 16 10.15pm

Originally posted by nickgusset

Don't be silly.

Who were you suggesting should be bailed out?

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nickgusset Shizzlehurst 01 Mar 16 10.24pm
Originally posted by chris123 Who were you suggesting should be bailed out? Greeks. Wipe the debt. Clean slate. They'd be in a much better position to help the influx of refugees then.
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nickgusset

Shizzlehurst 01 Mar 16 10.24pm

Originally posted by chris123

Who were you suggesting should be bailed out?

Greeks. Wipe the debt. Clean slate. They'd be in a much better position to help the influx of refugees then.

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chris123 hove actually 01 Mar 16 10.25pm
Originally posted by nickgusset Greeks. Wipe the debt. Clean slate. They'd be in a much better position to help the influx of refugees then. Are you aware of who Greece's creditors are?
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chris123

hove actually 01 Mar 16 10.25pm

Originally posted by nickgusset

Greeks. Wipe the debt. Clean slate. They'd be in a much better position to help the influx of refugees then.

Are you aware of who Greece's creditors are?

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nickgusset Shizzlehurst 01 Mar 16 10.36pm
Originally posted by chris123 Are you aware of who Greece's creditors are? 11% of Greece's population live in material deprivation. Youth unemployment is over 55% ,around 27% for the whole population. Fascism is rising, crime soaring, the economy has shrunk every year for the last 5 years (at least) . Since February 2012, any Greek who falls over 5000 euro's in debt can be imprisoned to work off the debt. Tell me, what is more important, peoples lives and well being or paying off an 88 billion euro loan with the enforced austerity that comes with it (money that was produced from thin air by banks)just so that they could stay in the Euro?
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nickgusset

Shizzlehurst 01 Mar 16 10.36pm

Originally posted by chris123

Are you aware of who Greece's creditors are?

11% of Greece's population live in material deprivation.
Youth unemployment is over 55% ,around 27% for the whole population. Fascism is rising, crime soaring, the economy has shrunk every year for the last 5 years (at least) . Since February 2012, any Greek who falls over 5000 euro's in debt can be imprisoned to work off the debt.

Tell me, what is more important, peoples lives and well being or paying off an 88 billion euro loan with the enforced austerity that comes with it (money that was produced from thin air by banks)just so that they could stay in the Euro?

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