Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘the Euro’

… Greece is Now in Real Trouble [#the Euro]…

Posted by paulfromwloh on Saturday,June 18th,2016

.. the I.M.F. walking out of talks is not good ..

.. but neither is giving Greece more debt in order to pay off previous debts . That just does not make any sense at all . Extending the maturities will not do enough …

.. [h/t — FinancialTimes.com]..
.. [link] to the blog article …

.. You have to reduce the amount of principal , and , if possible , the interest rates , as well . Greece does not really merit a reduction in the interest rates , though . The principal reduction should do the job ..

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… The ObamaCraps should Not Meddle [#Greece]…

Posted by paulfromwloh on Thursday,June 16th,2016

.. those idiots in the ObamaCrap White House should know better . They have a hard enough time understanding our economy as it is . Now they are trying to meddle elsewhere . Yes , it is bound to get them into trouble …

.. the Europeans and Greece are having a hard enough time settling their own affairs as it is . The Euros keep piling more and more debt on the Greeks , instead of writing it off . The Greeks cannot pay what they have to pay now . one cannot expect them to pay more ..

.. [h/t — Newsmax.com]..
.. [link] to the blog column ..

.. yet the ObamaCraps are leaning on the Euro institutions and the I.M.F. . They want them to ” take it easy ” on the Greeks . That is hardly a way for the Greeks to pay off a manageable amount of debt , much less their current load . However , it is the Euros business to settle , not ours . It is not the place of the ObamaCrap White House and His Lordship to stick their noses in wheat is not their affair …

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… Greece is headed for a Disaster of Colossal Proportions [#Grexit]…

Posted by paulfromwloh on Thursday,January 28th,2016

.. right now , Greece ‘ s exit from the Euro is only a matter of time . It is going to happen . But Why ?!?! …

.. Greece refuses to reform . Waaaay too much of Greece ‘ s economy is in the state sector . Their tax system is grossly inefficient . It does not collect the amount of taxes that it needs to …

.. Its banks are on the precipice . They are about to collapse . They have nobody but themselves to blame for this disaster ..

.. [h/t — DailyTelegraph.co.uk]..
.. [link] to the news article ..

.. it will take a long time for Greece to regain economic stability . Tsipras is done as PM . He and Syriza will be driven out of politics for their colossal mismanagement of the situation . They deserve it …

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… the Greeks are Insane [#EuroExit]…

Posted by paulfromwloh on Saturday,July 11th,2015

.. I think that Greece has gone mad ..

.. I also think that the E.U. has been mature about all of this . They have offered to help Greece , but the Greeks have been grossly immature about all of their finances . The E.U. has been the adult in the room , and has not blinked ..

.. to be honest , if they want the Euro to have a good reputation and a solid future , they cannot afford to blink ..

.. [h/t — DailyTelegraph.co.uk]..
.. [link] to the blog post article ..

.. Greece thinks that the E.U. will blink . I believe that the E.U. will not blink ..

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