Left Wing Politics devours itself - Is there any future for the PIGS?

[Deleted]

With the Left Wing Party winning the Greek elections, it has openly stated that it will not pursue austerity measures.

This means that Greece has no intention of paying back it's huge debt to the EU.

Germany, being a strong EU member is rightfully annoyed.

Considering the EU membership is founded on Left Wing Socialism where the weak are propped up by the strong and now Greece has turned it's back on responsibility, Portugal, Ireland and Spain are now in precarious positions.

They too could form bonds with Greece and chose not to pay their debts back. Greece has inadvertently damaged Portugals, Irelands and Spains reputations, which are now on the line.

If they choose to repay their debts, i can see other countries wanting their stake back very quickly now. Expect austerity to start happening in the near future for them.


Where resources are in short supply, the Left is absolutely terrible at balancing the books. It's an economical disaster.



http://www.bbc.co.uk/news/world-europe-30975437

[Sunseeker]

Austerity is bullshit. Foreign nations telling me how my country should be run? Fuck that. I live in America precisely to avoid that sort of European paternalistic bullshit.

[Vyxn]

With the Left Wing Party winning the Greek elections, it has openly stated that it will not pursue austerity measures.

This means that Greece has no intention of paying back it's huge debt to the EU.

Germany, being a strong EU member is rightfully annoyed.

Considering the EU membership is founded on Left Wing Socialism where the weak are propped up by the strong and now Greece has turned it's back on responsibility, Portugal, Ireland and Spain are now in precarious positions.

They too could form bonds with Greece and chose not to pay their debts back. Greece has inadvertently damaged Portugals, Irelands and Spains reputations, which are now on the line.

If they choose to repay their debts, i can see other countries wanting their stake back very quickly now. Expect austerity to start happening in the near future for them.


Where resources are in short supply, the Left is absolutely terrible at balancing the books. It's an economical disaster.



http://www.bbc.co.uk/news/world-europe-30975437

the left doesn't consider loans a loan that needs to be paid back it is just a wealth redistribution program. The left will promises more and more hand outs and will borrow with no intention to payback to pay for those hand outs
what is the one that gave the loan going to do? reposes the country

[Grym]

Kick them out of EU and Sanction them would be a good start.

[Vyxn]

Austerity is bullshit. Foreign nations telling me how my country should be run? Fuck that. I live in America precisely to avoid that sort of European paternalistic bullshit.

when you become in debt you are at the mercy who you are in debt to but debt means nothing to the left

[Nadiru]

Austerity is bullshit. Foreign nations telling me how my country should be run? Fuck that. I live in America precisely to avoid that sort of European paternalistic bullshit.

I wonder if it ever dawns on the left in Europe, the ones that hate austerity and Franco-German wingus up their anus, that they could now be described as national socialists?

[Noomz]

Austerity is bullshit. Foreign nations telling me how my country should be run? Fuck that. I live in America precisely to avoid that sort of European paternalistic bullshit.

Instead, your own country does that to the entire world and the world is just THRILLED about it.

[Sky High]

Instead, your own country does that to the entire world and the world is just THRILLED about it.

sounds like a nonamerican problem braj.

[Sunseeker]

when you become in debt you are at the mercy who you are in debt to but debt means nothing to the left

No, you are not. Being in debt financially does not make you a slave to the owner of that debt.

I wonder if it ever dawns on the left in Europe, the ones that hate austerity and Franco-German wingus up their anus, that they could now be described as national socialists?

A national-minded socialist is not the same as a NAZI, but hey it only took 3 posts to Godwin this thread, nice job!

Instead, your own country does that to the entire world and the world is just THRILLED about it.

Yeah I'm not particularly happy about the way my country treats others, but I'd rather be standing up than bowing down to international pressure.

[DeicideUH]

Austerity is bullshit. Foreign nations telling me how my country should be run? Fuck that. I live in America precisely to avoid that sort of European paternalistic bullshit.

Well, pretend you are European. Your country has gotten a lot of money from other nations, agreeing to repay the debts some day. Your government then spent years spending money irresponsibly and now your economy became shit. Then you tell foreign nations that you won't pay? Your country is just asking to not have any more foreign money invested in it, and since your economy is already in the dumps, this mean more poverty and a worsening crisis for your people.

Problem is not the loans. It's the past governments that spent the money irresponsibly, and the present government that now wants to not repay those who invested that money on the country in the first place.

[Nadiru]

Instead, your own country does that to the entire world and the world is just THRILLED about it.

The last time Europeans were in charge they made an even worse mess of the place than the US has. 100 million dead! Entire empires collapsed under the burden of a war that everybody thought was going to be over "by Christmas" that turned into one of the most savage displays of violence in human history.

[Deleted]

What are you talking about. They want to renegotiate the debt to something reasonable. What they don't want is 60% youth unemployment, 26% of the country unemployed, 32% moved below the poverty line. Austerity is bullshit it doesn't work. What the left want is stimulus, national investment and fiscal loosening.

[madmanx]

They had years to get their shit together...they have dragged down the whole area and destabilized EU for too long already. Might as well kick them out now and get it over and done with.

It isn't even like Italy, sure it is a little messy but look at all the nice stuff they are spreading around making Europe look better. Greece is just messy....nothing else.

[MerinPally]

the left doesn't consider loans a loan that needs to be paid back it is just a wealth redistribution program. The left will promises more and more hand outs and will borrow with no intention to payback to pay for those hand outs
what is the one that gave the loan going to do? reposes the country

This is exceptionally stupid and inaccurate, even by your standards. I'm actually kinda shocked, and I normally zone out when I see your posts and read them as satire because noone who likes to complain that regularly can be that ignorant as to what they're talking about. But here you've exceeded expectations.

[kcolraWertex]

I like how everyone somehow forgets how many loans Germany left unpaid indefinately. Then they get butthurt when someone does it to them.

[Nadiru]

I like how everyone somehow forgets how many loans Germany left unpaid indefinately. Then they get butthurt when someone does it to them.

Which loans? The war reparations from World War I that pretty much everybody admits were usurious? Because the Marshall Plan wasn't a loan, it was charity.

[Abysal]

Problem is not the loans. It's the past governments that spent the money irresponsibly, and the present government that now wants to not repay those who invested that money on the country in the first place.

The people get what they vote for.

[Vanyali]

This is exceptionally stupid and inaccurate, even by your standards. I'm actually kinda shocked, and I normally zone out when I see your posts and read them as satire because noone who likes to complain that regularly can be that ignorant as to what they're talking about. But here you've exceeded expectations.

I dunno, I liked the part where repossess the country was somehow an option

[Deleted]

Austerity is bullshit. Foreign nations telling me how my country should be run? Fuck that. I live in America precisely to avoid that sort of European paternalistic bullshit.

America has around $800 billion invested in Euro banks. Greece is approximately $300 billion in debt.

If Greece doesn't pay the Euro banks back, America loses that money. If America loses that money, you will get taxed more to plug your Governments financial hole.

I bet that changes your perspective on austerity now, doesn't it


http://www.csmonitor.com/Business/20...y-market-funds

[DeicideUH]

Instead, your own country does that to the entire world and the world is just THRILLED about it.

Don't oversimplify things. US is not the "monster country" that the leftists in most European and South American countries try to make it appear as.

And before someone says I'm defending USA because I'm american, I need to say: I'm not American. I'm brazilian and live in Brazil, and now the shit-hole that is my country. I live in one of the most violent countries in the world, the left wing has been in command of the country for decades, and every single problem we have is blamed on americans. But I've learned enough to know that our problems come from our own corrupt government. The same can be said about Venezuela, Argentina or Bolivia. All violent shit holes whose governments are trying to stay in power by lying to the population and blaming the USA (and sometimes Europe) for all our problems.

The real thing here is that these loans are made by these countries willingly. No one points nuclear weapons to us and force us to take this money. This money should be invested in education, industry and economic development; instead, it's used to maintain bureoucracy and favor those who are close to the ones in power, while the country try to ride on a wave of good fortune, usually propelled by easy international credits or oil. Then something in the world economy goes wrong, the country is plunged into a crisis because it did not do what it should've done with the loaned money, blame its investors and decides not to pay them back.

Greece, Iceland, Portugal, Spain and many other countries are in the shit because of that. Venezuela and Argentina are in the shit because of that. Brazil is going to shit because of that. But hey, "it's the americans' fault, right?"