Political, financial turmoil in Greece

It should be exciting when the markets open tomorrow in Europe, Lily, I suspect a lot of red ink is going to be needed.

Oh dear.......

Uncompromising: Greece has built up years of resentment to austerity and bailout measures imposed by the European Central Bank

Read more: http://www.dailymail.co.uk/news/article-2925262/Greeks-polls-critical-snap-general-election.html#ixzz3Pve5geOY
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That's a good banner.

Syriza has now joined forces with one of the smaller Greece First parties, and has an absolute majority.

Don't ask me what happens next, the Experts are all running round making contradictory statements whilst shrieking The sky is falling!

If I was the new Greek government, one of my first demands would be for a FULL accounting of this mess, as none of it, these days, is based on former economic principles.

Now, it's all Central Banks printing money, computer-generated algorithms, hard cash being turned into 'O's on screens, gold reserves going God knows where, and dual-nationality oligarchs taking their skim from the whole Ponzi scheme. And sick f*cks like Soros pulling the strings in the background.

Wish them the best of luck and, as you say, a full accounting. This could be wonderful for them.

And Germany could always return the gold the Nazis stole from Greece, that would help, too.

Things could get really nasty..............

They could indeed, Lily. There's no point Merkel and co making threatening noises at Greece, they've nothing left to lose by going at her and her cronies.

Do you know, I actually saw some 'expert' on Sky saying that between this, and the falling euro, it's a good time to buy up property in Greece? Great way to end up with your head on a spike, profiting from other people's misery. I don't think these pampered fools, isolated from the real world, quite grasp that they're the problem, not the solution.

Sorry about this, but it has come at a good time for me. My Pension has just taken a nice boost, and my Ground Rent from England is just about to arrive.

So happy for you, Sabot.

Every cloud, Sabot....it can only get better for people in your position.

It is a nice bonus after more than ten years of struggling under the exchange rate. Not sure how long this will last, but The Euro still has a fair way to drop before it goes back to what it was in the year 2000, if it ever does.

It started at 65pence, rocketed to 90pence, and is now at 74pence. Sorry if I am only concerned with me, but it has been a bit of a struggle.

Why not be concerned with yourself, Sabot? Do you think any of the mega-rich bankers, politicians, crooks, speculators and shysters that have caused this mess give a flying one about anything except themselves?

You deserve some relief, you really do, Sabot.

The thing is that I never felt that I wanted to leave because of lack of money, so I didn't bail out of Europe when my own particular going got a bit rough.
Now, I shall just take the good news and enjoy it while it lasts.

We are in the EU but not in the Eurozone and the exchange rate with the UK£ is going up and up. 425 forints to the £. Highest it's been for 5 years. However, many people here have a big problem as car and mortgage loans have been, until last year, in Swiss Francs and the exchange rate was horrendous. The PM has now done a deal that will rectify this and quite a few people will get backdated rebates. I'm not affected as my RV was paid for in the UK in cash, and I have no mortgages. My Austrian assets are, of course, subject to the Euro, but Austria has a healthy financial status so I have no worries there. LL

Good for you, LL.

Now be careful, there are Muttons about.

I honestly don't think it is going to be as bad as everyone seems to be predicting. No matter who is in charge, Greece simply cannot go on spending money it doesn't have.

I don't have a mortgage or a car loan, so if it all goes tits up I have ten years of experience of living on a shoe string. And I truly do love living here.

Remember that old line from Dickens?

"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery."

That's common sense, always has been, and always will be. But in recent years, that has been stood on its head. Bankers don't want people to live within their incomes, because the only way the Ponzi scheme that is Keynesian economics can be kept going is for people to spend more than they earn, on shiny junk they don't really need.

It's spread to entire nations too, now.

Russia is massively in the black, with huge gold reserves. The US is horribly in debt:

http://www.usdebtclock.org/

EIGHTEEN TRILLION DOLLARS OF DEBT, RISING EVERY MINUTE. It can never be repaid; it's going to be inherited by children still unborn.

But the nonsense is spread that the US is 'strong' and Russia 'weak'. Now, any fule can see that is total sh*te, that if just one of the plates falls, the whole house of cards that is the Western debt-based economy is going to crash down, to mix metaphors.

So enjoy the extra, Sabot, you've earned it, and more. Which is more than can be said of the creators of the shambles. Greece's problems aren't the doing of ordinary Greeks, but of their banking elite, their oligarchs, who have been ripping the system off for years.

lily wrote:Good for you, LL.  

Now be careful, there are Muttons about.  

Pardon? Confused.com LL

It makes me very cross, Bonny.  I wasn't brung up to get into debt, and I can't cope with it. And much as I would like some of this shiny stuff, I have always been able to manage without it.

When my last lap top went down it took me ten weeks to organise the money for a new one, a bit here and a bit there.  So I am taking sensible steps to save enough for the next one.  Not that I expect that to happen soon, but you never know.

I just don't understand the stupidity of owing money that you can't pay.

Actually, I will almost certainly go on living as I always do. Although I might buy a few more plants.

Lamplighter wrote:

lily wrote:Good for you, LL.  

Now be careful, there are Muttons about.  

Pardon?  Confused.com   LL

We know she is looking for cash from them what did 'horrid things to her so she may be looking for a sugar daddy?

lily wrote:

Lamplighter wrote:

lily wrote:Good for you, LL.  

Now be careful, there are Muttons about.  

Pardon?  Confused.com   LL

We know she is looking for cash from them what did 'horrid things to her so she may be looking for a sugar daddy?  

Where I am concerned she's got more chance of being struck by lightning, kerpow!! I like ladies, as you know, but she's no lady not by any criteria. And who in their right mind would want to kiss the Blackwall Tunnel or wake up in bed with a Thames dredger? LL

One day in office, and the new PM does something absolutely guaranteed to upset Merkel:

http://news.sky.com/story/1415233/greece-alexis-tsipras-visits-war-memorial

The leader of Greece's left-wing anti-bailout Syriza party has laid flowers at a World War Two memorial in Athens as his first act after being sworn in as Prime Minister.

Alexis Tsipras was formally appointed Greece's youngest prime minister at a secular ceremony in the capital on Monday.

As an atheist, he becomes the first prime minister to be sworn in without the traditional oath and blessing of basil and water from the Greek Archbishop.

Footage has emerged of the 40-year-old laying red roses at the National Resistance Memorial in the Athens suburb of Kaisariani.

The site, a former rifle range, was where the Nazis executed 200 Greek communist resistance fighters on 1 May, 1944.

'Upstarts'? What extraordinary arrogance.