asterisk2a + dogma + insolvenzverschleppung   3

Am Tiefpunkt der europäischen Nachkriegsgeschichte - Jung & Naiv: Folge 237 - YouTube
referendum yes no - was not planned through if Eurogroup would not budge to demands of lesser austerity terms. Syriza had no plan (Grexit) for this case, how it played out. Thus (Tsipras) had to accept (capitulated) any offer Eurogroup offered; privatisation of state assets with an aim to raise 50bn, no debt restructuring nor forgiveness. // This is the 3rd bailout outcome; a bailout to repay previous bailouts (EFSF, IMF, ECB) and private debt obligations. Greece (Parliament) will have to accept Eurogroup offer/demands because they were not willing to opt by their own, the worst of the worst and the unknown of Grexit. 'Darin liegt auch die Demuetigung.' //
referendum  bailout  Alexis  Tsipras  Yanis  Varoufakis  Greece  Eurogroup  Troika  IMF  ECB  Angela  Merkel  Wolfgang  Schäuble  2015  Career  Politicians  manufactured  consent  populism  corporate  state  solidarity  austerity  ideology  dogma  Great  Depression  economic  history  media  conglomerate  European  Syriza  fiscal  sovereignty  sovereign  debt  crisis  insolvent  Insolvenzverschleppung  insolvency  Grexit  liberal  economic  reform  Privatisation  democracy 
july 2015 by asterisk2a
Athens capitulates to creditors - BBC News
"Greece: Prior Actions - Policy Commitments and Actions to be taken in consultation with the EC/ECB/IMF staff", it feels very familiar. That familiarity stems from its great similarity to the bailout proposals put to Greece by the creditors - the eurozone governments, the European Central Bank and the IMF - last month. Pretty much everything wanted by the creditors is there - with the odd tweak or softening, but nothing which looks as though it ought to be noxious to them. So there is a pledge for budget surpluses rising in steps to 3.5% of GDP or national income by 2018 [< in their dreams only]. // The referendum was a last ditch effort by Syriza to get better deal. Eurogroup, Troika, IMF, ECB called it a bluff and accepted a possible Grexit and according to Juncker did prepare for it. No we are where we were when Syriza was elected and had to negotiate for a new bailout tranche, to pay off other bailout tranches re-payment coming up (IMF, EFSF, ECB) &! bbc.in/1INY5Gu MPs to deceide
Grexit  referendum  Career  Politicians  Alexis  Tsipras  Yanis  Varoufakis  Syriza  Troika  Eurogroup  ECB  IMF  Jean-Claude  Juncker  European  Union  Wolfgang  Schäuble  Angela  Merkel  MarioDraghi  EFSF  ChristineLagarde  Jeroen  Dijsselbloemm  Germany  France  FrancoisHollande  No  Representation  economic  history  austerity  dogma  bailout  ELA  ideology  Great  Depression  lost  decade  lost  generation  ESM  debt  jubilee  debt  restructuring  European  bullying  transparency  accountability  Principle  haircut  creditor  sovereign  debt  crisis  sustainable  sustainability  debtoverhang  balance  sheet  recession  zombie  banks  Bank  of  Greece  insolvent  Insolvenzverschleppung  insolvency 
july 2015 by asterisk2a
Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian
Debt restructuring has always been our aim in negotiations – but for some eurozone leaders Grexit is the goal [...] To frame the cynical transfer of irretrievable private losses on to the shoulders of taxpayers as an exercise in “tough love”, record austerity was imposed on Greece, whose national income, in turn – from which new and old debts had to be repaid – diminished by more than a quarter. It takes the mathematical expertise of a smart eight-year-old to know that this process could not end well. [...] In my first week as minister for finance I was visited by Jeroen Dijsselbloem, president of the Eurogroup (the eurozone finance ministers), who put a stark choice to me: accept the bailout’s “logic” and drop any demands for debt restructuring or your loan agreement will “crash” – the unsaid repercussion being that Greece’s banks would be boarded up. [...] Wolfgang Schäuble, decided that Grexit’s costs were a worthwhile “investment” as a way of disciplining France et al,
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july 2015 by asterisk2a

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