It's not Greece being bailed out - it's the banks (Page 2)

duncan124:


Mainly it shows a Referendum can not decide policy only accept or reject a broad objective.

And in this case it was to reject Austerity.

duncan124:

Banks should lend money responsibly and obviously they have not done so to Greece and the UK where the cost of repayments are greater then the most powerful economy in Europe can afford to repay.

duncan124:

Obviously the US Republicans invented this situation based on their experience supporting Francos Spain and then also their hatred for the EU.

Outbackjack: So we agree that the result of the referendum was basically ignored?

So how is Pilger a liar?

duncan124:

" As at December last year, German banks still had 10.63 billion euros outstanding, with American banks following closely and British banks in third place with 9.74 billion euros."

An EU bailout is for the Govt not the banks. A private agreement between banks is not of our concern.

duncan124:

The county rejected Austerity.

Leaving the Govt to find a new policy with out Austerity.

Cameron thought this was an opportunity to give money to his friends and supporters just as Franco did.

Outbackjack: You know Duncan I can't even be bothered explaining this .You obviously have not even bothered to read Pilgers article or you might actually have some idea what was going on in Greece.

duncan124:
A chicken and the egg argument about your knowledge of ...Pilger...Greece...EU...Banks...debts...isn't likely to be forth coming OBJ.

You must say now how you know what you claim to know OBJ

ghostgeek: If I've got it right Greece has just borrowed more money to pay off some of its debts. No way are they going to change.

All one can do is make them go cold-turkey. They'll never pay back what they've borrowed so it's just stupid lending them more.

Outbackjack: "You must say now how you know what you claim to know OBJ"

This kind of gobbledygook pretty much sums up what you have to contribute Duncan.

duncan124:

You claimed to know things OBJ without explaining why.

If you think "You must say now how you know what you claim to know OBJ" is "gobbledygook" then you further from persuading us.

Outbackjack: What like the fake humans Duncan?

Outbackjack: Germans to run Greek regional airports in first wave of bailout privatisations

Fraport AG taking over 14 airports in deal worth €1.23bn that is among requirements as Greece receives billions in loans to keep it afloat

Greece has agreed to sell to a German company the rights to operate 14 regional airports. The deal is the first in a wave of privatisations the government had until recently opposed but must make to qualify for bailout loans.

The decision, published in the government gazette on Monday night would hand over the airports including several on popular tourist island destinations to Fraport AG, which runs Frankfurt Airport, among others across the world.

The deal, worth €1.23bn euros (£0.9bn/$1.37bn), is the first privatisation decision taken by the government of Alexis Tsipras, who was elected prime minister in January on promises to repeal the conditions of Greece’s previous two bailouts.

The government initially vowed to cancel the country’s privatisation programme but Tsipras caved in to win a deal on a third international bailout for Greece, worth €86bn. Without the rescue loans Greece would default on its debts and risk being forced out of the euro.

Separately the government slightly relaxed its restrictions on banking transactions, allowing small amounts to be sent abroad for the first time in about two months.
German politicians return to Berlin for key Greek bailout vote
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The finance ministry’s amendments, also published in the government gazette, include allowing Greeks to send up to €500 abroad per person per month, and allowing up to €8,000 per quarter to be sent to students studying abroad to cover accommodation costs.

Greeks can now also open new bank accounts that will have no withdrawal rights, in order to repay loans, social security contributions or tax debts.

The government restricted banking transactions in late June to prevent a bank run after Tsipras announced a referendum on creditors’ terms for a new bailout.

The bailout deal is getting its final approvals in parliaments in several European states. Lawmakers in Spain and Estonia approved it on Tuesday while those of Germany and the Netherlands are expected to do so on Wednesday.


Tsipras is widely expected to call a confidence vote in his government this week, after dozens of Syriza lawmakers voted against him during the ratification of the new bailout deal in Parliament last Friday.

Outbackjack: This what it is all about.Corporate control.The German corporations scavenging at the Greek Corpse while Syriza quite literally sell out their own country.

So how is this helping the Greek government pay back the debt when they are practically giving away a state owned asset that produces income?

Syriza need to be thrown out and arrested for treason.