Greek Elections 2015 - Historical times

[ati87]

It LOOKS LIKE austerity worked in Ireland.
I think for austerity to work you need very low levels of corruption, unions ready to negotiate and a population that can take it.

The reason for austerity has always been to get rid of the excess spending that got financed by what caused the crisis in the first place.

Greece has/had a spending problem period......the whole reason for cutting is to control the government finances.

You can not be a top defence spender and a top pension spender while having huge tax avoidance (non of these are disputed).

[Deleted]

This is a little bit of humor for a tough situation:

I always feel like I have a really old fashioned sense of humor when I watch stuff like this...I honestly don't get what's funny about it. But to each their own. :P

[Bakis]

Yea nothing beats humor when on a subject that is all but happy. Lovely video

[Cybran]

Kind of sad that the continent's only hope was beaten into submission by Germany and their underlings.

[Keosen]

It LOOKS LIKE austerity worked in Ireland.
I think for austerity to work you need very low levels of corruption, unions ready to negotiate and a population that can take it.

Austerity means one thing rich becomes richer, poor become poorer, Ireland, Portugal, Greece France, Spain, Italy, Germany no matter which one you choose.
Let's see austerity starting from top down instead of bottom up and will discuss if it works or not.

[Noradin]

Austerity means one thing rich becomes richer, poor become poorer, Ireland, Portugal, Greece France, Spain, Italy, Germany no matter which one you choose.
Let's see austerity starting from top down instead of bottom up and will discuss if it works or not.

So it has the same effect as devaluation of the currency?

You can not solve a problem of spending more than your income by neither increasing your income nor reducing you spending.
And the only thing that is sure about stimulationg economy with money is that the rich get richer - which is why they always call for it whenever they cause a crisis.

[Deleted]

Austerity means one thing rich becomes richer, poor become poorer, Ireland, Portugal, Greece France, Spain, Italy, Germany no matter which one you choose.
Let's see austerity starting from top down instead of bottom up and will discuss if it works or not.

Rich will always get richer in the current politicial and economic situation. Heck, by the very few studies on tax evasion via tax heavens the people doing it end up crediting nations to cover the deficit, deficit made because set companies dodged the taxes in the first place. Wierd situation, but that's where we are at!

[Keosen]

Rich will always get richer in the current politicial and economic situation. Heck, by the very few studies on tax evasion via tax heavens the people doing it end up crediting nations to cover the deficit, deficit made because set companies dodged the taxes in the first place. Wierd situation, but that's where we are at!

Agree so we should just accept our fate right?
When shit hit the fan force the poor to pay, when banker buddies attempt a huge fraud if it fails, force the poor to pay, whatever goes wrong force the poor to pay.

[Deleted]

Agree so we should just accept our fate right?
When shit hit the fan force the poor to pay, when banker buddies attempt a huge fraud if it fails, force the poor to pay, whatever goes wrong force the poor to pay.

Only way to revert or change the current state is by mass riots and actually a full on public revolution. Since you can't win an election or better put it, you can't win an election and rule a country without having top companies backing you up, it's clear that the current system servers the needs of the rich before the need of the poor or the middle class.

[ati87]

Rich will always get richer in the current politicial and economic situation. Heck, by the very few studies on tax evasion via tax heavens the people doing it end up crediting nations to cover the deficit, deficit made because set companies dodged the taxes in the first place. Wierd situation, but that's where we are at!

Their is a legitimate argument to be made that companies should pay allot more taxes....they benefit from the system that has been set up but they don't want to pay for the upkeep.

But again the problem in Greece isn't just limited to the very rich, you had close to half the population doing some sort of tax evasion.

The problems in greece wasn't created overnight and you just can't put the blame on the banks, germany, turkey, the EU and rich people in greece.

[Noradin]

Agree so we should just accept our fate right?
When shit hit the fan force the poor to pay, when banker buddies attempt a huge fraud if it fails, force the poor to pay, whatever goes wrong force the poor to pay.

No, but do not choose something jsut for doing something either. First come up with a plan that has a chance of working before dismissing ones that are proven to work in the past. Don't fall for opportunists.

Austerity works by cutting into the profit of the rich if done correctly, but they have the money to lobby against it and to try and shift the burden on others if you let them.

[Keosen]

Watch it when you have time.
You can always choose to keep BILD, new-sites and channels as your primary source about situation in Greece of course.

50 billion euros in Greece, 70 billion euros in Ireland, 40 billion euros in Spain - one Euro-country after another is forced to support its banks with huge sums of money in order to equalize the losses incurred by money worldwide from bad loans.
But where do the billions go anyway?
Who are the beneficiaries?
With this simple question the award-winning business journalist and nonfiction author Harald Schumann travels across Europe and gets surprising answers.

The rescued are not in the poorer Euro states - unlike commonly believed - but mainly in Germany and France.
A large part of the money ends up with the creditors of the banks that want to be saved or must be saved.
And although these investors have obviously made bad investments, they are - against all logic of the free market economy - protected at the expense of the general public against any losses. Why? Who gets the money?
Actually, simple questions, but that regard the core of European identity.
Maybe the most passionate film on the banking crisis.

[kouby]

Find me one single example of austerity managing to reduce public deficits without causing more problems than it fixes, and I'll believe that people defending austerity aren't tools of the financial sector.

[Noradin]

Find me one single example of austerity managing to reduce public deficits without causing more problems than it fixes, and I'll believe that people defending austerity aren't tools of the financial sector.

Find one where something else (i.e. throwing (loaned) money at it) solved the problem?
If you can't cover your expenses you have to cut down on them or you get yourself deeper into the problem and gifted money will just help settle in that state if not accompanied by reforms (that cut back on the financial sector for example).

Who do you think will get the money if you throw some at the problems in Greece no strings attached? Hint: Who got it the last time?
Obviously 'free money' was what got us into this mess and you want to give those banks and stock exchanges some more to play with?

What happened to the money from Malta Greece was (illegaly?) gifted with by some officials?

[Deleted]

Find me one single example of austerity managing to reduce public deficits without causing more problems than it fixes, and I'll believe that people defending austerity aren't tools of the financial sector.

It's a game of "short term", "long term" stuff.
In Ireland austerity caused lots of issues short terms. Long term it looks as if it's working though.

[Cybran]

Long term it looks as if it's working though.

http://www.irishmirror.ie/news/irish...people-2890082

Social Protection Minister Joan Burton detailed how her department is urging people on the dole to go to the UK, Spain, France and Norway if they want a job.

She defended the cruel practice which was branded “a disgraceful tactic” last night by Fianna Fail who claimed the Government “has given up on young people”.

Ms Burton said: “It is important to note there is no obligation on unemployed jobseekers in receipt of income supports to apply for overseas vacancies.

“In notifying jobseekers of such vacancies the Department is simply drawing their attention to vacancies that exist and that are simultaneously being brought to the attention of jobseekers in other countries.

“The Department would be failing in its duties if it did not offer Irish jobseekers an equal opportunity to compete for such vacancies if they so wish.”

Ms Burton added the 4,000 letters this year have been sent to people outlining job openings in Spain, Norway, France and the UK.

How is it working? They are asking young people to leave their own country cause they don't want to pay for them.

[Keosen]

In Ireland austerity caused lots of issues short terms. Long term it looks as if it's working though.

Indeed it works for the rich.
They earned more because they have pay workers a lot less, that's called growth.
The entire Europe wants to become China, cheep working hands with 0 rights, huge offer, minimum demand.

80% of households in Ireland have at least 1 unemployed, success.

[Noradin]

Indeed it works for the rich.
They earned more because they have pay workers a lot less, that's called growth.
The entire Europe wants to become China, cheep working hands with 0 rights, huge offer, minimum demand.

80% of households in Ireland have at least 1 unemployed, success.

You are confusing things. Paying their workers less is something they (companies) would do anyway if given the chance, it has nothing to do with the government spending less money (well maybe, but in the opposite way of what you are implying, if the government was paying subsidies (thus spending more) companies would have to pay even less for their workforce to stay content.