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breakingpoint
War is a Racket - Smedley Butler
07:41 AM on 11/06/2012
USA you're next - Obamney will see to it
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LancelotLink
Mata Hari digs my micro-bio
08:07 AM on 11/06/2012
Since Greece's biggest problem is the lack of tax receipts, I would have to agree with you.
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09:19 AM on 11/06/2012
Just like Mitt & all of the other 1% have done for years! Time to stop the fraud, before we all go down the rat hole!!
Paulo1
Thanks for reading, (even if you disagree)
07:39 AM on 11/06/2012
A yes, keep an eye on Greece and see our future if Obama gets his Grand Bargain or if Romney's TeaParty buddies get to run wild. Either way its coming to the US soon.

Notice the sweet person who wouldn't hurt a fly but wants to behead someone. How long before that rhetorical quip moves into action? Already they have riots in the street and general strikes. And I'm a bit surprised the article didn't mention the rise of either their radical right or left. Yup, you thought the OWS and TeaParty movements were bad? Just wait till Obama/Romney have whacked you social programs as hard as they plan.
demsrsilly
Proud supporter of workplace freedom.
07:37 AM on 11/06/2012
"We want free stuff!!!!"
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JasonF1969
Ruled by common sense.
08:56 AM on 11/06/2012
All wrong. The banks want everything and top pay the politicians their commissions. Has nothing to do with living beyond means. Anyone who has spent any time in Greece or is Greek knows this. Don't be so easily misled.
07:19 AM on 11/06/2012
Thousands of Greek protesters are not actually protesting the austerity cuts. They're protesting the the loss of their privilidges which did not belong them in the first place but were borrowed from the EU handouts!... Shame on them. They're all fascists- excluvists posing as "radical left wingers"
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JasonF1969
Ruled by common sense.
08:57 AM on 11/06/2012
You haven't a clue. If you think you do, just go on living with your head in a very ignornat hole in the sand.
09:35 AM on 11/06/2012
and you do have a clue?
09:36 AM on 11/06/2012
It was OK you suppose to pay a policeman 4000 euros a month, 13 times a year and 12.000 euros to a ferryboat captain. Where all that money come from? I was in Rhodes last year and I didn't see a single Greek in powerty.. I saw no one working as well except the poor African immigrants who were doing all the work... Affluent people shouldn't really pretend to be poor and needy. It looks really pathetic...
06:55 AM on 11/06/2012
AUSTERITY= The rich protects their wealth while everyone else is strangled to death.
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JasonF1969
Ruled by common sense.
08:59 AM on 11/06/2012
This is true. Not once in the history of the civilized world has austerity ever worked. Austerity is the opposite of growth and productivity and austerity will never lead to anything other than destroying a country. See Greece for the living example.
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Bon Bon Vegabon
09:02 PM on 11/06/2012
And Chilea, Bolivia, Russia, China in the 70's
06:54 AM on 11/06/2012
This is obammas vision. He's already bankrupted future generations. What a guy.
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ken607
Nothing natural about gas,nothing clean about coal
07:31 AM on 11/06/2012
orry bush has that title. after all was the economy rosey when obama 1st took office? OVER 750,000 JOBS BEING LOST, the stock market at 6500, and million being forclosed on. what short memory you have! sorry but that is the republican VISION. after all they did EXACTLY WHAT THE GOP wanted to do here......CUT EVERYTHING. nice try BAGGER!
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cabinetmaniac
Think for yourself. Question authority.
07:31 AM on 11/06/2012
Puerile uninformed opinion.

:-]
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Kevin Boers
I'm a dinosaur
06:44 AM on 11/06/2012
Come one Greek Government, there is nothing left to cut. You have increased taxes on the poor, cut their social security even though they paid 16% of their wages into it, cut public sector salaries, made it easier to fire people, people are starving, they are homeless. There ain't nothing left all because you won't default on your debt like most people would when they are bankrupt.

It's enough.
07:21 AM on 11/06/2012
But who's going to pay back the 400 billion euros the Greeks borrowed from the EU? We the Turks? Where did all that money go to in the first place?
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JasonF1969
Ruled by common sense.
09:00 AM on 11/06/2012
What does you as a Turk or Turkey at all have to do with Greece and the EU or IMF? You aren't even in the EU, nor should you ever be. Mind your own business and wars you are trying to create.
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ken607
Nothing natural about gas,nothing clean about coal
07:32 AM on 11/06/2012
exactly what republicans want to do here!
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beenzrgud
Can't say what I'd like to here.
06:43 AM on 11/06/2012
So Greek debt is predicted to be 189% of GDP next year. That's about 20% more than last time they come up with a forcast. I really don't think the people in charge know what to do, or have any real control over the situation anymore. Beyond a certain point economic systems go out of control, it's just a pity that all the politicians who ran Greece and all the Brussels elite refuse to acknowledge this fact. It's time to cut Greece loose and write off the debt, then the sysem will have a chance to reset and start over.
07:22 AM on 11/06/2012
"Write off the dept?" you can't be serious. It was OK. I suppose when using up all that money...
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beenzrgud
Can't say what I'd like to here.
08:06 AM on 11/06/2012
At what point do you calculate the Greeks will be able to clear their debts, 2020 or 2030 perhaps. It could be another 20 or 30 years or even longer before Greece even starts to get back on its feet. All this time there will be economic uncertainty which effects everybody. Clearing the debt now will remove much of the uncertainty which we are now suffering from, and paying the price for. Clearing the debt will give Greece the chance for a fresh start under more realistic conditions. The Greeks will still have to cut their cloth to suit their budget since they will not be able to raise debt in the bond markets, at least not a the same rates that got them into this mess.
The alternative is to continue along the current path with no end in sight to this economic turmoil.
08:06 AM on 11/06/2012
If the Greeks hadn't joined the Eurozone they wouldn't be in this mess. US Bank Goldman Sachs cooked the books in league with the corrupt Greek government of the time to qualify them for joining when they knew damn well they were not qualified at all, and then used this 'secret' knowledge to bet against certain investments and in effect launch an attack on the Eurozone and cause all this hardship for ordinary Greeks and other hard working European peoples that now ensues. Yet Goldman Sachs have never been held to account for this or prosecuted, not even by the Greeks or Europeans themselves. No one seems to even mention it. It's incredible!
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beenzrgud
Can't say what I'd like to here.
08:47 AM on 11/06/2012
Yep, the Euro is a political project and economic reality played no role in its conception. At the time, the Brussels elite wanted to expand the Eurozone and were prepared to overlook the obvious in order to achieve their aims. The Greek politicians saw a way to get a new credit card, and GS saw a way to make a killing. It was a disaster waiting to happen.
As for holding people to account for their actions, it's a nice idea, but those to blame are also those who are in still in control of everything. The bankers don't call themselves masters of the universe for nothing !
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06:37 AM on 11/06/2012
Oh, to hear all the people below bad-mouthing the Greeks. Have you ever lived in Greece? Have you ever been to Greece? Didn't think so.

What's going on in Europe vs. the US is a is a big experiment.... Stimulus vs. Austerity. We chose stimulus, they chose austerity.

Think about this when you go vote today.
07:07 AM on 11/06/2012
Failed stimulus will lead to austerity if we don't reign in the deficit. The next administration, however it is, better wise up. Their debt is 189% of GDP! Where heading there slowly but surely.
06:34 AM on 11/06/2012
This is what happens when the 47% cracks 50.
06:32 AM on 11/06/2012
Greek debt...
every man, woman & child in Greece owes $39,000
in the United States, we each owe $53,400
06:17 AM on 11/06/2012
obama and springsteen watched this video

then bruce broke into song,

"this is your hometown"
06:08 AM on 11/06/2012
if the Greeks would spend their time working and being industrious, they would have to protest austerity cuts.

They had the lifestyle of go into work at 10 am, take a 2 to 3 hour lunch and go home by 4 pm.
Then they lied and cooked their books, got Germany to loan them money, which they spent on having fun... and now.. they are complaining?

Nah! Time to pay the consequences of being lazy.
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07:20 AM on 11/06/2012
I understand that if you base your opinion on what some cheap newspapers say you may get this judgement. May I suggest you have a look at this table: http://www.oecd.org/about/publishing/35205504.pdf from the Organisation of Economic Cooperation and Development? Please compare your country's number of working hours with that of Greece. Or better compare the poor and rich countries. You might get an idea of what is going on.
As for the rest of the accusations, mind that they were never asked about entering the European Community, the European Union or the Eurozone. They were never even asked about the Olympic games! Do you really believe that it's the people who cooked the books? Think again who did it and who's paying the bill...
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farmerlady
Blonde, Democratic socialist, and unwilling expat
06:07 AM on 11/06/2012
But somehow the conservatives manage to frame all of them as lazy freeloaders......that takes a lot of nerve, since that is pretty much the description of the idle rich.
07:13 AM on 11/06/2012
There are something like 3 million millionaires in this great country, Only a third by inherited wealth lefty. The rest by becoming professionals and starting business's. You know the ones that build America. The ones you have no understanding of and demonize at every turn. When did ever see a poor guy give somebody a job lefty. Sorry, your vision of a welfare state will never be met. Socialism is a miserable failure. To help all will eventually be to help none.
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farmerlady
Blonde, Democratic socialist, and unwilling expat
08:46 AM on 11/06/2012
You have no proof of this assertion. And even by your stilted addition, there are a million lazy freeloaders out there who could stand to pay some more taxes.
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agayoume
07:39 AM on 11/06/2012
Sorry the RICH ain't IDLE. The rich are constantly WORKING to keep their empires growing with an ARMY of EMPLOYEES who also benefit from the RICH while COMMUNITY ORGANIZERS ARE BUSY ORGANIZING THE MALCONTENTS TO HEAD DOWN TO THE STREETS AND PROTEST FOR A MEASLY EXPIRED 7-11 SANDWICH.
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farmerlady
Blonde, Democratic socialist, and unwilling expat
08:45 AM on 11/06/2012
If people are protesting for sandwiches, then they are exploited workers, not employees who are being paid a fair wage. And yeah, I do agree that the rich stay busy thinking of ways to shortchange their workers in order to get still richer. They do that.
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ramsha
11:23 AM on 11/06/2012
Agayoume! Which clown College did you go to?
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TruufWarrior
Time for a New GOP
06:06 AM on 11/06/2012
This will be American if Obama is reelected!