Greece ready to put house in order, says Prime Minister

[hopala007]

I feel sorry for this guy. I think he is actually one of the best Greek president.

He has to deal with the debt what was made before him and now he gets all the problems.

[TheValmirZz]

These days i wont buy greece for 10 dollars!

[athenaptr]

THE ENEMY CROWS ARE FLYING OVER OUR HEADS AND BLACK FATES ARE AWAITING US!

Whoever gives a vote to pasok in these elections is a fucking cheap traytor . Kill the fucking corrupt socialist pigs that serve the foreigner european imperialists! Say NOOOOO to the enslavement of greek people and state!Fucking english amerixcans and europeans OFFFF from our country! Go home, go die!!!!!

[denisfov]

Θα σας παρει ο διαολος μαζι με τον χαρτογιακα δε θα ξερετε που να σταθητε προδοτες

[pepsiwatersugar]

...if money are sent from the north to greece?...how many weeks will it take for that money to be moved to zurich or london by greek cleptocrates?

[recessionlover]

That's fantastic news for all of Europe. Now that the Bubble & Squeaks have their money, and their civil servants can get off the streets and go back to pretending to work, the rest of the PIIGS and the Baltoslavs and Estonians can all come along with their begging bowls too. And in a year or two's time Papandreou will be back doing his impression of Oliver Twist - "Please, sir, I want some more." Goodbye Euro.

[Athenaikos]

@recessionlover - yours is very unintelligent response. Greece needs no money; only a mechanism of preventing usurious rates charged by loan sharks. Mr. Trichet of the ECB actually gave this guarantee in a form that is very satisfactory and at no cost to any European. I don't mind being called names but being uninformed is a bit over the top.

[recessionlover]

@Athenaikos Firstly, no one has called anyone names. Bubble&Squeak is London rhyming slang. PIIGS is an acronym for Portugal, Italy, Ireland, Greece, Spain. I will put you right on one thing. There are no loan sharks. I suggest you find out how government bonds work. The Greek government has such a bad reputation that the only way that they could sell their bonds was by paying a high coupon, otherwise no one would buy them.

[recessionlover]

@Athenaikos pt. 2 Secondly, unintelligent my response may be, correct it certainly is, as unfolding events will prove. The Greek government will misuse the money, and will be back for more - that is, if they haven't fallen by this time next year. You'll see.

[Athenaikos]

@recessionlover -pt2 reply. Greece did not get a cent out of this. At present Greek bonds pay out 6.3% while equivalent German bonds pay 3%. IMF loans are in the 2.3-2.45% range. It makes no sense to have an interest burden 2-3 times normal while you are trying to reduce your deficit. Greece has not asked nor it intends to use OPM(Other People's Money).

[Athenaikos]

@recessionlover - I am not referring to the acronyms or the London rhyming slang but rather the stereotype which you are alluding too. In my humble opinion this is a global problem caused by the US toxic debt. Normally the polluter has to pay for the damage. After destabilizing the world, the Americans are smiling and saying to the Europeans to fix up their own houses. Do you think this to be fair?

[recessionlover]

@Athenaikos The Greek government has the reputation it deserves. It lied about its economy when it joined the euro, and in the past, it has defaulted on its bonds. That is why only gamblers will buy them. Papandreou went to both Russia and USA looking for money. He threatened to go to the IMF. The IMF is other people's money. The euro will collapse in time. So relax, sit back and watch the show. You will not see the like of it again for another 80 years.

[Athenaikos]

@recessionlover - This government just came into power last October. If anything it has exposed the whole thing and is seeking a credible redress. The IMF idea was Swedish because they had been involved in the rescue of Latvia, Romania and Hungary (not a Papandreou idea). Finally, the IMF idea first surfaced in a FT opinion piece published back in January. The Russia trip was about energy pipelines.

[recessionlover]

@Athenaikos I will have to concede the IMF: you have obviously studied it more deeply than I. But you will have to concede the interest rates. Yes, the Papandreou government did not falsify the accounts, and I know that a certain USA firm is involved in this right up to its neck. But what is going to happen next? What happens when the austerity measures are brought into force? Answer, the Greeks'll be out on the streets. That is not a criticism; I have been out on the streets myself.

[Athenaikos]

@recessionlover - you are right . I have no answer either. Just observing and keeping my fingers crossed.

[recessionlover]

@Athenaikos pt 2. The government will print more money. Then Here in Britain a lot of private investors are buying Greek bonds. Britain is as flat broke as Greece. The only difference is that Britain isn't in the Eurozone. As for the floodgates being opened. About a month ago the Spanish prime minister, whose country is also bust, actually said that it was up to the whole EU to bail out both Greece and Spain.

[HELLENIGMA]

what a stupidity