By David Vance On February 12th, 2013 at 1:02 pm
Forget the whole Euro business, reflect on THIS;
“As those with brains predicted at the time the EU would open national borders to uncontrolled immigration. The smaller countries were in particular danger since just a few hundred thousand eg Muslims could seriously affect the cultural and racial harmony of smaller EU members: Here we see how Greece is suffering not just from an economic holocaust but a cultural invasion:
- Of the homicides and robberies committed in 2010-2011 51.66% of the perpetrators were foreigners.
- For the period 2011-2012 52.86% of the perpetrators were foreigners,
- According to available data for the period from 2004 to 2009, 17.6% of births in Greece came from foreign mothers.
- According to recent Ministry of Justice data 65% of all inmates in Greek prisons (i.e. 7,900 out of a total of 12,479 inmates) are foreigners. Moreover, 4,000 of those inmates are illegal immigrants.
Minister for Public Order Mr Nikolaos Dendias admitted in Parliament that, Greece “is in a state of absolute danger, in a state of a total overthrow of the social structure because of immigration”.
The reckless ambitions of the Eurocrats to bring in cheap young labour to bolster their dying indigenous demographic has severe societal consequences – Greece today but where else tomorrow? The tragedy may start in Greece like so many others BUT it will not end there,
By David Vance On November 1st, 2012 at 8:25 am
Any serious observer of what is happening in Greece has long since realised that the Greek economic tragedy has long since become a farce; Reflect on these stats for a second if you will;
”Every detail of the Greek economy is worse than officially forecast just weeks ago.”
And WHO is surprised that these ”official” forecasts were wrong?
The budget unveiled this morning estimates that public debt will reach 189pc of GDP next year (not 179pc).
The budget deficit will be 5.2pc (not 4.2pc).
The economy will shrink 4.5pc next year (not 3.8pc).
Unemployment is already 25.1pc and 55.6pc for youth.
Just for the record:
The EU-IMF Troika originally said that the economy would contract by just 2.6pc in 2010, before growing by 1.1pc in 2011, and 2.1pc in 2012.
In fact Greek GDP contracted by 4.5pc in 2010, 6.9pc in 2011, and will shrink 6.5pc this year, and now 4.5pc next year.
The cumulative error is colossal.
And yet, the fiction that all will be well is stoically maintained by the Eurocrats
The EU is fatally flawed and cannot contain an economy such as that of Greece.
It remains a matter of suggestion as to WHEN, not IF, it will leave the EU!
By David Vance On October 2nd, 2012 at 7:30 pm
Who says that Greece is in crisis? Not the Greek Government…..
“The Greek government is set to subsidise the building of a new Formula One track despite it being in economic meltdown. Greece unblocked a subsidy of 28.9million euros or £23m for the construction of a Formula One racetrack, the Greek ministry of development said. The track, which will be designed to host other events as well as Formula One will be built in Xalandrista near the western port city of Patras at a cost of 94.6 million euros.”
By David Vance On September 7th, 2012 at 6:35 am
The stresses of Greece remaining in the fatally flawed Eurozone get deeper by the day…
Members of the Greek security forces staged a symbolic hanging in front of the nation’s parliament in Athens in protest at austerity measures in place in the debt-stricken country. Uniformed members of the police force, fire brigade and coast guard staged the emotive demonstration during a rally yesterday to protest against cuts to security forces’ pay and benefits. On the same day the European Central Bank launched a bold plan to save the crumbling euro from collapse, but this led to a damaging rift with Germany.
This tragedy is being played out in several acts of folly. In the final analysis, the Greek people deserve to be FREED from Euro captivity. Yes, they were greedy and some corrupt. Yes their folly was facilitated rather than challenged. But the past is the past and Greece can only flourish IF it leaves the EU. even as its politicians insist they will stay at ALL costs within this monster. I wonder should the hangings put on show become a reality would things alter?
By David Vance On May 30th, 2012 at 8:34 am
Gotta love IMF supremo Christine LaGarde..
The head of the International Monetary Fund enjoys a tax-free income of £350,000,it emerged yesterday – days after she attacked Greeks for failing to pay their taxes. Christine Lagarde provoked a furious backlash after blaming Greece’s economic plight on citizens ‘who are trying to escape tax all the time’. Lagarde takes home £298,675-a-year untaxed AND receives further tax-free allowance package of £52,000
I say, let them eat Souvlaki,
By David Vance On May 29th, 2012 at 7:30 am
Looks like Greece will leave the Euro when I am away in France next month. Sacre bleu!
Greece will leave the euro zone on June 18 if the populist government wins the country’s elections on the 17 as the rest of the euro zone rounds on “cheaters,” Nick Dewhirst, director at wealth management firm Integral Asset Management, told CNBC.com Monday.
“The euro zone is a club but you get cheaters who get away with it until everyone finds out and at that point you need to remove them otherwise everyone will cheat. It’s better for Greece to leave,” Dewhirst said. He added that Greek society was built on cheating and scheming, saying “everyone does it” but that voters elsewhere in the euro zone were now calling Greece to account. “The basic question is that a German has to increase working from 65 to 67 and that is to pay for Greeks retiring at 50. The 17th of June is the perfect opportunity to say either ‘we’ll behave’ or ‘we’ll carry on cheating,’” he said.
He is absolutely right and if you talk to Greeks in private they will tell you that they delight in NOT paying taxes. It is a badge of honour.
So, will June 18th be G-Day – the Grexit? It’s a definite possibility.
The question then becomes…. who next?
By David Vance On May 26th, 2012 at 9:05 am
I can ONLY assume that the IMF wants to see Greece exit the EU!
IMF head Christine Lagarde has urged Greeks to pay taxes, saying she worries more about the plight of children in sub-Saharan Africa than the people of the crisis-hit European nation. In an interview with the Guardian newspaper, Ms Lagarde suggested it was payback time for Greece.
Can you IMAGINE the impact this will have on the Greeks as they prepare to go BACK to the polls in June? The Left wing anti-austerity parties must be on their knees this morning giving thanks for Madam Lagarde! By the way, I rather agree with what she says – the Greeks are profound tax avoiders but this is not the time to launch into such issues and furthermore surely tax is a National issue?
By David Vance On May 24th, 2012 at 8:07 am
When Alice met the Red Queen, the latter advised her to believe in six impossible things before breakfast. It seems that the Red Queen must be a political consultant to the European Union when one reads this sort of madness this morning;
“We want Greece to remain in the euro area while respecting its commitments,” European President Van Rompuy told a news conference in Brussels.”
Greece has made it abundantly clear that it cannot and will not honour it’s commitments so how can it remain in the euro area, Mr Van Rompuy?
Greece is heading for the exit, the “Grexit” as some call it, and NO amount of EU waffle from the Belgium Van Rompuy can disguise it.
By David Vance On May 13th, 2012 at 10:22 am
It just gets worse by the day.
Greek President Karolos Papoulias has begun talks with the heads of the three main parties, in a last attempt to form a coalition and avert another election. All three – conservative New Democracy, far-left Syriza and socialist Pasok – have failed in bids to form coalitions. Voters deserted New Democracy and Pasok at last Sunday’s polls, amid anger over tough austerity measures imposed as part of an IMF-EU bailout deal. Polls suggest the popularity of anti-bailout Syriza continues to grow.
The EU demands Greece implement austerity. Greece refuses to implement austerity. Only ONE place for Greece to go – out!
By David Vance On May 12th, 2012 at 10:00 am
It was the cradle of democracy but now it looks very much like it’s last resting place. Why? Well, a third attempt to forge a coalition in Greece has failed as the leader of a radical party committed to a complete revision of the country’s critical EU bailout refused an invitation to joint rule.
Alexis Tsipras, leader of the Radical Left Coalition or Syriza, said his presence in the proposed coalition was merely being sought by more established, pro-bailout parties as a “Leftwing accomplice”. Evangelos Venizelos, the leader of the socialist Pasok party, admitted the talks had failed and said he would return his mandate to form a government to the president today. A slim chance remains that an emergency “national unity” government could be formed if the president can convince the parties to work together. But given the rancour on display, a new election next month is a more likely outcome, a scenario that would weaken confidence in Greece’s ability to meet its debts to international creditors and stay in the euro.
Greece is slowly but surely failing as a democracy. How can this be?
Fraudulent politicians, a greedy electorate, fiscal recklessness….and a total abrogation of National Sovereignty+. That’s the recipe for ruin and it is one that Greek politicians and those who voted for them have pursued since 1976. Now the game is up but where do they turn, what can they do?