Greeks cannot be trusted here they have lied all the way, sick of hearing substantial cut to pensions why because they got them early, Ireland, suffered this but also had to pay higher taxation sometime Greeks haven't "****em out now" any more money is down the drain we'll be back here again and again.
Not what if but when. With this proposal they promis to gradully decrease their defense budget first for 100mil euros then 200mil euros then.... Which of course puts them below NATO's 2% of GDP requirement so obviously they will have "good " excuse to renegade on their promiss to Europe. And for the subsidies for the islands it's only a fool to believe that they would cut them without reinstating them in some other form. And so on and so on.... Conclusion: this latest 53 billion is money down the drain.
Germany asking how can Tsipras propose what he rejected last sunday? 1.) He has parlayed a e17bn 3-6 month financing into a e50bn 3 year financing 2.) He has many more adversaries on side re looking seriously at DSA for Greece. Yes it won't be a "classic" haircut but mathematically it will amount to same thing with a free option on rising rates which in say 5-7 yrs will make it an even better deal when its reviewed. That's the big difference between a day one haircut and time value games with rates at near zero, you give the borrower a free option on a rising discount factor. I wonder how many in the Euro group will understand that?
I hope this video is intended as a joke. For if is serious, then it is simply inaccurate. What Nazi would say, as Merkel does, that 2/3rds of Germans under 5 come from immigrant backgrounds, yet immigrants, even those who do not speak German ‘at the beginning’ are welcome in Germany, and indeed form an indispensible part of the work force? Hitler would faint! Her point is not that multi-ethnicity has failed (on the contrary it is welcomed), but that multiculturalism has failed. The idea that a single nation can successfully contain within its boundaries distinct cultural groups which speak different languages, espouse different values and laws, and more than likely affiliate with different nations, has failed in Germany as it has in the UK. I lived in the USA for many years, as JFK said, a nation of immigrants. But the melting pot was successful only because no matter where they came from, they learnt English, adopted American values, obeyed American Laws and, even though hyphenated, saw themselves as Americans. Only now for the first time is this single unified identity being threatened in the US by the increasing dominance of Spanish in Florida, New Mexico, Texas, and California and will, IMHO, lead to ethnic tensions in the future. It is one thing to maintain ones cultural identity in the private sphere, in the home and among the family, but for a nation state to maintain its unity there has to be one language of national discourse, one set of laws and one set of basic cultural values. PatMc
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