We wasted so much precious time and did nothing to further Europe … for 7 years we talked of nothing else than Greece.
During this time (2008-2015) the USA expanded its Digital Supremacy by investing $10 Trillion into its digital economy. Now we are totally dependent and are required to pay them off.
Greece was a problem – but the even bigger problem is that it was all we talked about – for something that is quite petty by comparision. Sure fix the 1.5 trillion – but how about investing 8-10 trillion into our own digital services?
Madame No (Merkel) was just a Pennyfuchser with no ideas. And so was everyone else during this time. Just awestruck by the relative power Germany had at the time.
Btw before you say “bt we cannot just let Greece get away with it” … sure I appreciate that to a point it was useful – but maybe we should also acknowledge that Greece / Eurocrisis shouldn’t have been the only subject and that investments – at a time when interest rates were at a historic low, no less!) would have done a lot more to fix Europe (and Greece).
And maybe we should also talk about what the main purpose of the bailouts were: to bailout German and French banks mainly – who over-speculated on Greece.
So there is that too.
Any Gayreek is welcome to correct me but isn’t the main problem just major corruption throughout the political landscape, where rich people in power shamelessly shuffle the money to themselves and friends?
I would laugh but they at least got their shit together after a while..
Looking like Marseille banlieue
Isn’t Greece doing relatively fine at the moment when it comes to finances?
I mean, **Greece was forced to use the bail-out money** to pay its European creditors first, which were primarily German and French banks, and so Germany and France basically bailed out their banks like the US did, but without the political fallout of publically socialising bank losses while letting them keep profits private.
Greece held a referendum in July of 2015 in which the Greeks decided that they didn’t want a second bail-out (knowing that they would never see that money – it would simply boomarang back to big European banks, while leaving the Greeks with the bill).
The European Commission, European Central Bank, and International Monetary Fund nevertheless managed to pressure the Greek PM into taking out another bail out and save two of Europe’s biggest economies from the worst consequences of their banks’ greedy ways – all at the expense of Greece.
And given how people think that people from mediterranean countries are lazy because of the sunny weather, it wasn’t hard to push the narrative and general sentiment that Greeks were lazy and should have been grateful to the ‘hardworking’ Germans for bailing them out with their tax money. And to also push the narrative that the reason the bail-out money didn’t effect much change or improvement is due to Greek incompetence, when really that money never got to Greece.
The Greek banks and government played fast and loose with their finances in the years leading up to 2008 and fully deserved to deal with the consequences, but so did the German and the French goverments and banks, except that the latter two countries got to scapegoat their incompetence by hanging Greece out to dry.
17 comments
Greece turning into Albania? I suppose it’s an upgrade.
At least finish your house by building a roof
2008 called, they want their memes back.
Nowadays the cars are Tesla
Romanian spotted
https://preview.redd.it/872she2m4egf1.png?width=959&format=png&auto=webp&s=05a242e33ba9d22cb1b2c3ab33f9a60011ac116a
So Paris is in Greece?
[deleted]
Greece looks like Paris
Wow, imagine that. The gaul of these people
Not accurate, the shacks have roofs
I disagree with the premise.
We wasted so much precious time and did nothing to further Europe … for 7 years we talked of nothing else than Greece.
During this time (2008-2015) the USA expanded its Digital Supremacy by investing $10 Trillion into its digital economy. Now we are totally dependent and are required to pay them off.
Greece was a problem – but the even bigger problem is that it was all we talked about – for something that is quite petty by comparision. Sure fix the 1.5 trillion – but how about investing 8-10 trillion into our own digital services?
Madame No (Merkel) was just a Pennyfuchser with no ideas. And so was everyone else during this time. Just awestruck by the relative power Germany had at the time.
Btw before you say “bt we cannot just let Greece get away with it” … sure I appreciate that to a point it was useful – but maybe we should also acknowledge that Greece / Eurocrisis shouldn’t have been the only subject and that investments – at a time when interest rates were at a historic low, no less!) would have done a lot more to fix Europe (and Greece).
And maybe we should also talk about what the main purpose of the bailouts were: to bailout German and French banks mainly – who over-speculated on Greece.
So there is that too.
Any Gayreek is welcome to correct me but isn’t the main problem just major corruption throughout the political landscape, where rich people in power shamelessly shuffle the money to themselves and friends?
https://preview.redd.it/qoqjk1vibegf1.jpeg?width=1170&format=pjpg&auto=webp&s=0ea04ca8f21ef5c439650c516c0ebcf6b641a5af
i couldn’t take a better picture but here goes
I would laugh but they at least got their shit together after a while..
Looking like Marseille banlieue
Isn’t Greece doing relatively fine at the moment when it comes to finances?
I mean, **Greece was forced to use the bail-out money** to pay its European creditors first, which were primarily German and French banks, and so Germany and France basically bailed out their banks like the US did, but without the political fallout of publically socialising bank losses while letting them keep profits private.
Greece held a referendum in July of 2015 in which the Greeks decided that they didn’t want a second bail-out (knowing that they would never see that money – it would simply boomarang back to big European banks, while leaving the Greeks with the bill).
The European Commission, European Central Bank, and International Monetary Fund nevertheless managed to pressure the Greek PM into taking out another bail out and save two of Europe’s biggest economies from the worst consequences of their banks’ greedy ways – all at the expense of Greece.
And given how people think that people from mediterranean countries are lazy because of the sunny weather, it wasn’t hard to push the narrative and general sentiment that Greeks were lazy and should have been grateful to the ‘hardworking’ Germans for bailing them out with their tax money. And to also push the narrative that the reason the bail-out money didn’t effect much change or improvement is due to Greek incompetence, when really that money never got to Greece.
The Greek banks and government played fast and loose with their finances in the years leading up to 2008 and fully deserved to deal with the consequences, but so did the German and the French goverments and banks, except that the latter two countries got to scapegoat their incompetence by hanging Greece out to dry.
yeah, “donated”…
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