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[–] HP48GX 0 points 1 point (+1|-0) ago 

είσαι στην αθήνα;

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[–] Guerilla 0 points 1 point (+1|-0) ago 

Οχι φιλε, απο Θεσσαλονικη ειμαι. Και ναι οι πιθανοτητες ειναι οτι το δημοψηφισμα ΑΝ γινει μπορει να μην οδηγησει πουθενα. Αλλα η ελπιδα πεθαινει τελευταια, θα δουμε.

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[–] HP48GX 0 points 1 point (+1|-0) ago 

You do know that the referendum is completely pointless, right?

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[–] abear 0 points 1 point (+1|-0) ago 

I think that Euro is a disaster of a currency that no sane economist would have ever approved before an actual political and economic unification of Europe so the only logical assumption that I can make is that they wanted this.

The problem with this was goldman sacs helping the government cook the books to make greece look attractive to the economists when this whole plan was being written out.

here is an article from 2003 which called out the deals as janky at best and corrupt at worst.

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[–] Guerilla 0 points 2 points (+2|-0) ago  (edited ago)

The scumbags at Goldmann Sachs did create a problem but the main problem is euro; Italy, Ireland, Spain and eventually France have the exact same problems and austerity makde matters even worse. Not to mention that EU already knew everything about the scam and purposely played dumb.

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[–] ishomatic 0 points 1 point (+1|-0) ago 

Have you read her new book "This Changes Everything: Capitalism vs The Climate?"

She talks about Greece quite a bit in the book, both about the bonds crisis and the Eldorado gold mine.

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[–] Guerilla 0 points 1 point (+1|-0) ago 

I went to Biome (a self-organized factory workers had ceased from the company after it failed to pay their salaries) to watch her speak about the book, she's awesome. I was so excited about it and I've been planning on reading the book for a while now but I had a backlog and my damn e-reader crapped out. I will definitely read it though, I love her books, they have changed my perspective on so many subjects.

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[–] Rea11yN0tMe [S] 0 points 1 point (+1|-0) ago 

I agree that the Euro was a bad idea. Such disparate economies as Greece, Italy ... on the one side and Germoney, Netherlands ... should not share a common currency. For the one side the exchange rate is too high and for the other too low, same with interest rates.
About the other stuff you wrote though, I'm not so sure :-)

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[–] Guerilla 0 points 2 points (+2|-0) ago  (edited ago)

I'm not sure either, it's just the only logical assumption I can make. I'm not an economist and I knew it was a horrible idea from the very beginning so either the people governing us have the IQ of a gorilla or they had other plans. The logic is simple btw I can explain this to you in a few lines. Countries who have control over their currency can devalue it in moments of economic crisis by printing money. This process is great for the economy in two ways, a) you print money which you tunnel in the local economy boosting the overall economy of the country and b) since the currency is now weaker exports increase further boosting the economy. All this is impossible under Euro, countries don't have control of their own economy and Euro itself is a ridiculously inflexible currency that has been compared to gold by many economists. So what happens during a crisis to not so stable economies? Chaos. This is the main reason why this was a disastrous idea, there are smaller ones too though.

So how the fuck could they not predict this? A 15 year old can reach the same conclusions if I describe this to him.

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[–] Rea11yN0tMe [S] ago 

If there was no downside to devaluing your currency, everybody would do it. But as I am not an economist either, I don't know what they are.
But I agree that it would be beneficial for Greece to devalue because of the crisis, but you can't because you share the currency with Germany. So the Drachma it is.