I've been looking at this all day, but have been far too busy to post it. This isn't meant to be a funny post , it is meant to bring attention to a very real conflict and serious animosity emerging. We've seen two World Wars start in Europe and even though I don't agree with Angela Merkel's use of hyperbole in telling the German lower house that they should not take "50 more years of peace in Europe for granted", I do agree with the statement.
One might think that the recipient of the 50% bond holder write downs, Greece, secured in large part by pledges backed by German GDP and thus German taxpayer money, might be thankful. I for one don't see that point of view considering the painful austerity cuts being forced on the country as well as the all but assured crash of the pension system, but I suppose some (particularly in Germany where the measure is extremely unpopular) expect some gratitude.
If the EFSF bailout "plan" did one thing right away that isn't being put off until November (as most details of the plan are), it managed to unite Greeks from the left, right and center, you might say the ninety-nine percenters.
Here are some of the expressions of Greek sentiment:
-Greek news papers are running cartoons of prominent German officials in Nazi uniforms.
-The Greek sentiment is that the Germans have condemned Greece to 9 years of collapse and poverty
-Greek government officials who have supported the measures are depicted giving German officials the Nazi salute.
-There's a cartoon of a German solider watching over the Greek Finance minister and ordering Greeks to "Pay more taxes!"
-And unfortunately, German tourists visiting ancient Greek sites are being treated in a hostile manner.
Germany did occupy Greece during World War 2 however you would think that those memories have subsided over the years. I have good friends in Frankfurt and they assure me that German involvement in other EU countries is extremely unpopular so it would seem the regular people on both sides feel the same way. I just hope that this does not escalate in to violence.
As for an example of posters going up around Greece...
This one is called, "Adolph Merkel" as she wears a swastika armband with the EU emblem around it. The caption says, "Public Nuisance".
With the "Occupy" movement going worldwide after the Arab Spring, we can only hope that elections bring fairness and a sense of justice before things get out of control as we are already seeing that happen right here in the US by means of violence when protestors have confronted police. I'm sure you have seen the YouTube videos.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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