A prophecy from 1998: "The Euro comes too early"

Diopos · 02-13-10, 08:07 AM

About Greece: Everybody knew its fiscal state. Everything else you hear is pure BS. Greece, in a sense, always payed her dues but people don't know it. For example, before entering the EU and under mostly German pressure it "allowed" her obsolete and subsidised industry to go under. Days before introducing the Euro we actually depreciated the drachma to the level "preset" by the Europeans (aka Budensbank). A lot of money was made then and believe me not by you or me. When Europe demands we respond. We never had problems regarding the price of food stuff up to the '90s. Enter the scene the European super market chains. 10 years later our supermarket prices are comparable and even higher than Berlin's with our wages almost 50-70% of our Eurozone brothers. Large part of the deficit is due to armament procurement (from Europe and the US mostly) . The vast majority of the telecommunication's infrastructure is from Siemens. I could go on and on.
Everybody knew, many made alot of money from the black sheep of Europe that Greece is portrayed to be nowdays. And many of them turned a blind eye to the lack of professionalism of the public/state agencies they had to interact with, in order to get that money. A lack of professionalism so convenient and accommodating.....
The "corrupted greeks" are a big problem mainly to the rest of the greeks and a nuisanse to the other Eurozone citizens. Not to the banks and big companies, though. Remember the Greek economy is about 3-4% of the Eurozone. I don't know the greek participation in EUrozone deficit and debt.
The question you must answer these days is "Who wants a weaker Euro?" Then you'll know what is going on in Greece, Portugal, Spain and maybe even France down the line.......
If they really wanted to help greece they should do so on a strategic base regarding relations with Turkey and the control of influx of illegal immigrants (most of them via Turkey again), but then that would lead to a lessening of armament sales in the area, and we don't want that do we, ehh?

02-13-10, 08:07 AM	#14
Diopos Ace of the Deep Join Date: Jul 2008 Location: Athens, the original one. Posts: 1,226 Downloads: 9 Uploads: 0	About Greece: Everybody knew its fiscal state. Everything else you hear is pure BS. Greece, in a sense, always payed her dues but people don't know it. For example, before entering the EU and under mostly German pressure it "allowed" her obsolete and subsidised industry to go under. Days before introducing the Euro we actually depreciated the drachma to the level "preset" by the Europeans (aka Budensbank). A lot of money was made then and believe me not by you or me. When Europe demands we respond. We never had problems regarding the price of food stuff up to the '90s. Enter the scene the European super market chains. 10 years later our supermarket prices are comparable and even higher than Berlin's with our wages almost 50-70% of our Eurozone brothers. Large part of the deficit is due to armament procurement (from Europe and the US mostly) . The vast majority of the telecommunication's infrastructure is from Siemens. I could go on and on. Everybody knew, many made alot of money from the black sheep of Europe that Greece is portrayed to be nowdays. And many of them turned a blind eye to the lack of professionalism of the public/state agencies they had to interact with, in order to get that money. A lack of professionalism so convenient and accommodating..... The "corrupted greeks" are a big problem mainly to the rest of the greeks and a nuisanse to the other Eurozone citizens. Not to the banks and big companies, though. Remember the Greek economy is about 3-4% of the Eurozone. I don't know the greek participation in EUrozone deficit and debt. The question you must answer these days is "Who wants a weaker Euro?" Then you'll know what is going on in Greece, Portugal, Spain and maybe even France down the line....... If they really wanted to help greece they should do so on a strategic base regarding relations with Turkey and the control of influx of illegal immigrants (most of them via Turkey again), but then that would lead to a lessening of armament sales in the area, and we don't want that do we, ehh? __________________ - Oh God! They're all over the place! CRASH DIVE!!! - Ehm... we can't honey. We're in the car right now. - What?... er right... Doesn't matter! We'll give it a try anyway!