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Labour hire Varoufakis as advisor
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nickgusset  Shizzlehurst 01 Mar 16 5.05pm |
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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 |
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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 |
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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 |
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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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| matt_himself Matataland 01 Mar 16 7.51pm |
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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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| nickgusset Shizzlehurst 01 Mar 16 9.49pm |
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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 |
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Originally posted by nickgusset
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 10.07pm |
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Originally posted by chris123
Don't be silly.
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| chris123 hove actually 01 Mar 16 10.15pm |
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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 |
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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 |
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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 |
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Originally posted by chris123
Are you aware of who Greece's creditors are? 11% of Greece's population live in material deprivation.
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