Big Fat Greek Debt: Engdahl on bailout way out

The financially stricken Greek government is beginning talks with the EU and the International Monetary Fund about a possible bailout. Greece has found borrowing from banks too costly recently and is struggling to refinance old debts. Let's get some analysis with economist and author William Engdahl.

Category:

News & Politics

Tags:

• RT
• Greek debt
• Greek bailout
• economic crisis
• William Engdahl
• Goldman Sachs
• EU talks
• financial crisis
• EU loan

[aggelospanatha]

@kakvostava at least there are some good things on the other hand, actions are being taken which should have happened decades ago. In 2-3 years' time the greek economy will be much much stronger. The bad thing is that the majority of the greek ppl are suffering while those who are to blame for this situation are millionaires with bank accfounts in switzerland. Take care mate

[kakvostava]

@aggelospanatha Well yeah, I agree. No offense to Greek people but they should have reacted earlier, not after the government pulled the plug. But yeah, the system is surely big part of the problem. Peace.

[aggelospanatha]

@kakvostava About this greek you are mentioning, it is not all his fault. It is the systems fault that allows these things to happen. When someone really needs to work and the employer sais "I will give you a job but i won't pay for your pension, you decide" (which is illegal), the guy who is desperate sais I will work with lower salary but at least I'll try to take the unemployment money as I will seem as unemployed. Both the employee and the employer are illegal and they should be punished

[aggelospanatha]

@kakvostava Moreover, one of the biggest scandals here was the one with the German company Siemens who stole government money, with the help of some f@cking greek government ppl. Greece bought security systems from Siemens 10 times more expensive than normal. Finally, the most frustrating thing is to hear from foreigners that greek ppl are lazy and stuff like that, when they have no idea of the situation

[aggelospanatha]

@kakvostava I never said that it is all Germany's fault. The fist to blame are the incompetent politicians that governed my country for the last decade, and the majority of the ppl of course who elected them.However, Germans do not have the right to critisise as they had the chance to prevent this situation from happening by simply supporting us when needed. After all Germany had huge profits from Greece all those years. All technology stuff and military equipment is german.

[kakvostava]

I knew a Greek guy who told me he was officially registered as unemployed and getting unemployment money while working on the black market full time. A "double-dipper", one would say. He would lay back in his chair and say things like "I am European". True, at that time (about 10 years ago) his unemployment money was coming from other, richer European countries. Not saying that every Greek is like that but still shocking.

[kakvostava]

@aggelospanatha Well, you got lucky that Merkel had the "guts" to support a bailout plan for Greece to start with. I'm wondering where Greece would be today without the EU financial support. Don't you see how flawed your argument is? You make it sound like: Well, it's all's Germany's fault. They should have given us more money and quicker, as between "real friends". I bet in a few years from now Greek diplomacy will tour the world asking for debt cancelation etc. Good luck to the payers!

[hrbear]

@aggelospanatha Μην ανυσηχείς παιδί μου και μέχρι το τέλος του Χειμώνα πολλοί θα βγούν με σημαία τον Τσε Γκεβάρα :-)

[hrbear]

@RunsWitGuns I recently watched a video series by the greek communist party about the debt crisis inside the capitalistic system. It says that Carl Marx said it so in his theory, that debt crisis is a part of the capitalism which it can not be avoided. The system gets through this cycle like in the 30s. As for Greece, there are also other factors except Goldman, there was the stock market artificial balloon collapse, the Olympics, the EU control policy in agriculture, the strong euro and more.

[rw5791]

@alalouna ,it seems a cop took a muslims koran in a coffee shop in athens.Good!Did you know that Christianity would have burned out in the first century if there had been no Greece?You are part of the crusader army.You will learn this when you get older.