The Greek Tragedy

[Gaia]

A few days before the deadline for the repayment of the Greek debt, the economic arm of iron, but mainly political , drags on. But perhaps , at bottom , a play carefully orchestrated , experts observe . A tragedy which the Greeks have the secret.

In principle , Greece has until Tuesday to repay 1.6 billion euros to the IMF,or it will face a default with potentially disastrous consequences. Mr. Tsipras , however, requested a postponement of this deadline to allow the referendum.

When will it end or is this the beginning to the end of the euro, and never mind tiny Greece who started it. Are we in for another doozie amid this recession lasting longer than the great depression and the reemergence of the robber baron /booming banks?

http://www.bbc.com/news/world-europe-33300543

[Oouthere]

What would be frightening is if China got involved and bailed them out. They are financially scary and devious.

[lucidity]

Posted by Gaia (here)
A few days before the deadline for the repayment of the Greek debt, the economic arm of iron, but mainly political , drags on. But perhaps , at bottom , a play carefully orchestrated , experts observe . A tragedy which the Greeks have the secret.

In principle , Greece has until Tuesday to repay 1.6 billion euros to the IMF,or it will face a default with potentially disastrous consequences. Mr. Tsipras , however, requested a postponement of this deadline to allow the referendum.

When will it end or is this the beginning to the end of the euro, and never mind tiny Greece who started it. Are we in for another doozie amid this recession lasting longer than the great depression and the reemergence of the robber baron /booming banks?

http://www.bbc.com/news/world-europe-33300543

Bonjour Gaia,

When Iceland said 'no' to the bankers, nothing bad happened.
In fact, they've become much more independent now.

What's the worst that could happen ?
Is Europe about to invade Greece with tanks and planes ?
No.
Will Europe impose financial sanctions ?
How could those sanctions be worse than the debts Greece is currently rejecting ?

Greece has already started to align itself with Russia & BRICS.
So the USA/European sanctions against Russia will simple push
billions of dollars of Russian trade towards Greece.
And Greece will be very happy for the trade injection.
Hundreds of thousands of Russian tourists will visit Greece every year.
So for Greece, it's business as usual.

Greece might end up doing very well out of this conflict with Brussels.
German banks however.... might need emergency surgery.

be happy :-)

lucidity

[Gaia]

Posted by Oouthere (here)
What would be frightening is if China got involved and bailed them out. They are financially scary and devious.

The IMF & Eurozone bankers laid down a draconian, & humiliating, gauntlet for Greece, but surprisingly, the gauntlet has morphed into a boomerang and now, the bankers, & their acolytes, are staring at a looming debacle. A debacle caused by their avarice, insensitivity & stupidity. Greece is the first victim of financial terrorism in Europe and around the world (look at Canada debt level). I wonder if Harper has taken note.

The parasites banksters want to impose austerity and enslavement to western countries using their monetary ponzi scheme system.

[mgray]

I've written most of the week on the endgame here.

[A Voice from the Mountains]

Posted by Oouthere (here)
What would be frightening is if China got involved and bailed them out. They are financially scary and devious.

I don't think that's going to happen. It would be like China paying for Europe to continue scamming the world.

The debt is owed to European banks and as Greece itself has said, the debt is "illegal, illegitimate, and odious."

[Wind]

The EU is a scam just like the whole monetary system created by the banksters is.
Money itself isn't a bad thing, because that's what it is. A thing which we collectively give a meaning.

[mgray]

June 30th will come and go without a Greek payment and without the IMF declaring default or credit event. July 5th Greek vote will be close, but in the end they will agree with their government and decline to take the Trioka ultimatum and again no default is called and the can will be teed up to kick further down the road.
If the Trioka states that Greece defaulted on debt, then Italy, Spain and Portugal are knocking on Brussels' door the next day saying "Me too." So the EU makes the interest payment to the IMF, while the ECB will issue bonds to pay for it and we wait 6 months until the next payment due.
No Tragedy, just Comedy of errors.

[poetbil]

Posted by Oouthere (here)
What would be frightening is if China got involved and bailed them out. They are financially scary and devious.

they won't
China waits for things to get worse here ,to gain the whole Piraeus port ,the National Rail and some other goodies ,for a few billions
and nothing more

[Violet]

The people of Greece need help. Not only are they in trouble but - like Italy - their boat refugee problem doesn't look like it's being addressed.

There's also talk of China and railways a bit higher up, north.

[mgray]

The Greek government has declared Monday a bank holiday and will not open stock or bond markets in Athens.

[Hawkwind]

Posted by mgray (here)
June 30th will come and go without a Greek payment and without the IMF declaring default or credit event. July 5th Greek vote will be close, but in the end they will agree with their government and decline to take the Trioka ultimatum and again no default is called and the can will be teed up to kick further down the road.
If the Trioka states that Greece defaulted on debt, then Italy, Spain and Portugal are knocking on Brussels' door the next day saying "Me too." So the EU makes the interest payment to the IMF, while the ECB will issue bonds to pay for it and we wait 6 months until the next payment due.
No Tragedy, just Comedy of errors.

Perfect analysis of the situation, with one caveat. I'm absolutely convinced that part of the NWO end game plan is to intentionally implode the existing global financial system and this would be an excellent opportunity to do just that. I'm not saying that's what I think is going to happen in this case, but I'm not completely discounting the possibility either.

[Matisse]

Banks in Greece will remain closed until july 7th, 2 days after the referendum.

[mgray]

Posted by Hawkwind (here)

Posted by mgray (here)
June 30th will come and go without a Greek payment and without the IMF declaring default or credit event. July 5th Greek vote will be close, but in the end they will agree with their government and decline to take the Trioka ultimatum and again no default is called and the can will be teed up to kick further down the road.
If the Trioka states that Greece defaulted on debt, then Italy, Spain and Portugal are knocking on Brussels' door the next day saying "Me too." So the EU makes the interest payment to the IMF, while the ECB will issue bonds to pay for it and we wait 6 months until the next payment due.
No Tragedy, just Comedy of errors.

Perfect analysis of the situation, with one caveat. I'm absolutely convinced that part of the NWO end game plan is to intentionally implode the existing global financial system and this would be an excellent opportunity to do just that. I'm not saying that's what I think is going to happen in this case, but I'm not completely discounting the possibility either.

They could use Greece for that purpose, but not now I don't think. It could also be more likely used as the pretext for war should Russia get involved it funding a Greek bailout by backing a new drachma.

[Andre]

Posted by Oouthere (here)
What would be frightening is if China got involved and bailed them out. They are financially scary and devious.

China may be a bit scary, but if the BRICs bailout Greece it could be a very positive outcome and I do hope it happens, if only for the benefit of the Greek people who have suffered so much at the hands of the western banksters. The BRICs are no angels but their rise on the world stage is serving as a long overdue counter balance to the more than scary World Bank, IMF, ECB, WTO, UN and other Rothschild dominated institutions around the world. Talk about scary; they operate way beyond China's capacity to rape, pillage and murder entire nations.

[Andre]

Yes, it is not inconceivable that the cabal will turn the Greek situation to their advantage and attempt to bring down the EU in order to implode the global financial system but since the NWO depends so heavily on debt, I have always wondered how they would implode the system without avoiding a massive cancellation of world debt which is their lifeline. There would have to be an enormous trade-off for them to do that. What form of control or power would be significant enough to justify that in their warped minds?

[Hawkwind]

Posted by Andre (here)
Yes, it is not inconceivable that the cabal will turn the Greek situation to their advantage and attempt to bring down the EU in order to implode the global financial system but since the NWO depends so heavily on debt, I have always wondered how they would implode the system without avoiding a massive cancellation of world debt which is their lifeline. There would have to be an enormous trade-off for them to do that. What form of control or power would be significant enough to justify that in their warped minds?

Money has no intrinsic value. At this point it really is just numbers on a computer screen. The skillful manipulation of its illusory value, however, is the principal mechanism by which the banksters have gained control of real world assets. The goal never was to control all the money in the world. The goal is to control all the assets. That has to a very large degree already been accomplished. What little they don’t already directly control can likely be taken by force. The trick is to maintain in the minds or the soldiers and police employed to actually carry out this process that the taking is legal, moral and justified. What better way to accomplish that than by instituting a global economic crisis/financial system meltdown?

[Violet]

People's withdrawals have been limited to 60 EUR/day (tourists excl.).

[Agape]

I wish the EU showed some culture , if not humane concerns, if on the top of their interests it's all money who needs such a 'government' ?
We can have big computer in their place , indeed and it will do the maths faster .

Look what has happened in Nepal this year , huge earthquake , calamity worth thousands of human lives and billions of dollars in repair ,
Nepal is also one of the poorest countries by western economical standards so if all was judged strictly that way , they'd be in huge trouble now .

People who had ever been to Nepal , or Greece .. for years we've been going there , most people 'for holidays' and enjoying local peace and hospitality ,
taking these natural and historical values for granted perhaps ? Values so endangered in todays world ?

And suddenly , Greece who once laid the cradle of European culture is being 'ousted' from the Euro zone ?



Who can ever , substantiate it to themselves and their children , if they're also humane beings ?

[Violet]

That's the thing, isn't it? What shall we, individual citizens, now do? Very precisely. Can we make a list of - for the Greek citizens - useful contributions from fellow-Europeans and further, who are worried and care to help.

• ...
• ...
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Maybe people in Greece itself could also help formulate ideas.