Showing posts with label greece. Show all posts
Showing posts with label greece. Show all posts

Wednesday, July 8, 2015

Greece, Europe, China

There is a lot of danger the world is dealing with now. So much so that it reminds me a lot to the lead up to World War II. The biggest danger earlier this week was Greece. But now, the world is worried about China too because it is now economically either the 2nd largest economy on earth or possibly even the first. So, this potential economic collapse of China could bring about many things, and one of these things is revolution. They have about 25,000 to 50,000 uprisings a year where  up to 1000 people in each incident die or are beaten to death by the government or protesting one thing or another. One of the things that has kept all this in check is the financial success of china and the fact that they were able to create a middle and upper class of 300 million out of their total population of 1.4 Billion people. So, even though they have 300 million people in China with a life style comparable to the U.S. and Europe they also have 1.1 billion people barely surviving. So, the only way the government has held these 1.4 billion people all together is the economic success but that might all be in jeapordy at present because they are looking at a potential Great Depression 1929 type of Crash. However, don't underestimate the Chinese government's capacity to suppress useful information regarding all this.

So, in the end almost anything could happen.

Next we have Greece. But, unless Europe gets over itself and stops beating on Greece this could turn out really bad not only for everyone in Europe but also for the whole world indirectly. So, unless the European peoples want something as bad or worse than Syria as a part of mainland Europe they need to address this in some kind of useful way. Otherwise if each european country only watches out for it's own needs and not all the countries of the European Union then the European Union will soon be over.

All for one and one for all or no European Union at all. This is the reality today.

Wednesday, May 28, 2014

'Massive' gains for the rightwing in Austria, Greece, France

'Massive' gains for the rightwing in Austria, Greece, France

'Massive' gains for the rightwing in Austria, Greece, France

The popular right-wing have gained massively in Austria and Greece, and in France Marine Le Pen's Front National will gain at least 20 seats. The non-mainstream right of the European Parliament will hold up to 83 seats, according to an exit poll analysis published by Bell Pottinger, a Brussels public relations firm.

Reuters reports that a top French politician characterized Le Pen's victory as an "earthquake":
Without waiting for the final result, French Prime Minister Manuel Valls went on television to call the breakthrough by the anti-immigration, anti-euro party in one of the EU's founding nations "an earthquake" for France and Europe.

The centre-right parties which form the European People’s Party (EPP) at the European Parliament look like coming out the biggest party in the assembly, with the Social Democrats group lagging behind.

The EPP is the group with which the British Conservative MEPs sat until 2009, when David Cameron removed his party because of the relentless drive of the EPP for more powers for EU institutions.

In Greece, the far-left anti-EU Syriza Party has topped the polls with 26.7 per cent of the vote, leaving Greece’s centre-right ruling government party, New Democracy, second with 22.8 per cent.

Gold Dawn, the Greek anti-EU party called neo-Nazi by its critics, is showing at 9.3 per cent, while the socialist PASOK party, once the dominant party in Greece, is trailing at 8 per cent.

In Finland, the centre-right National Coalition has come top with 22.7 per cent, giving them four seats. The Social Democratic Party is a 13.6 per cent and two seats, Centre Party 21.0 per cent and three seats, and the eurosceptic Finns Party is at 12.8 per cent, which should give them two seats.  Greens and the Left Alliance will get one seat each.


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This appears to be an anti-immigrant and pro military stance partly caused by what Russia is doing in Syria, Ukraine and Moldova.

Sunday, July 3, 2011

Greece

Sovereignty is the main problem being faced in Greece. Greece has been a sovereign nation for thousands of years and despite any national debts the Greek people will likely be sure their nation will stay sovereign no matter what. Remember when people went underwater with no hope of repaying their loans or getting out from under those loans? People en masse just started walking away from those loans. I think that the Greek people won't let what is happening happen and we are going to see something similar to people walking out form under their home loans happen to a whole country. The alternative might be the trashing of Greece by their people in order to keep their jobs, homes, and pensions. When you take away the capacity to survive as a people you end formal agreements by these actions. There is business and there is survival and they are different. Survival trumps business in a situation like this. The world and europe in specific is on a slippery slope in regard to Greece. The Greek people are proud from thousands of years of culture. Likely they won't stand for having their throats metaphorically slit and their livelihoods ended by this deal. I think you are going to see the Greeks walk away from their underwater loans. What that will cause is unknown much like Lehman Brothers.

One need only look back to the 1980s when Argentina and Mexico, and possibly other Central and South American countries defaulted on their loans from the U.S. and caused the Savings and Loan Crisis in the U.S. You will notice no savings and loans longer exist here in the U.S. and many in the U.S. were completely wiped out of their savings and some committed suicide here as a result. FDIC was one of the protections instituted as a result. And it has been even extended and increased because of what happened after Lehman Brothers.



I could be completely wrong about this in regard to Greece but if I look at human nature this is the likely outcome from both looking at human nature and my  intuitive hunches.

for news info click below word button:

Euro zone warns Greeks on sovereignty and privatization

Friday, May 20, 2011

Greece, Portugal, Spain and France?

As the debt of Greece right now may sink the European Union, France is encouraging Greece to go its own way with its own currency. I think nations in Europe having a debt problem need their own currencies because it is only fair to their people not to be destroyed completely financially by trying to stay on the Euro. It is better for most everyone in those countries to go back on their own currencies. However, I think that there still should be easy access to all these countries without showing passports (similar to the United States in this way) between European countries. So, they would still be part of the European Union and just have their own currencies. Portugal and Greece right now might need to do this and then later Spain and France. Lately it is seen that France is also coming into a range of debt so that it might also have to have its own currency too within the next 5 to 10 years as well. I think just viewing all this as pragmatically as possible will allow the best good to come for the common people of all these countries as well as the rest of the world.

Friday, April 23, 2010

Greece

Because the insurance (credit default swaps provided by hedge funds) on Greece's Bonds are now running over 600,000 dollars per year per 10,000,000 dollars in bonds it is starting to panic europe in  regard to both Greek bonds and the ongoing value of the euro. In the short run I think things will even out with the Greek bail out by the European Union. However, in the long run I wonder if the Euro will survive if one more country goes this route like Portugal or Spain. If another country has problems like Greece I think Germany might switch to the Swiss Franc eventually or bring back German Marks again. The British and Swiss might have been right about the Euro after all. We'll have to wait and see if the Euro weathers this present storm over the next 5 years or so.