Greece will close banks Monday as panic spreads.....Liberals policies at work..Greece is speeding toward a banking collapse

[Steve]

On Mon, 29 Jun 2015 13:02:12 -0700 (PDT), trainguard

On Mon, 29 Jun 2015 11:26:07 -0700 (PDT), trainguard

Greece will close banks Monday as panic spreads
http://goo.gl/637k4c
In an ominous sign Sunday that Greece is speeding toward a banking
collapse, Prime Minister Alexis Tsipras announced that Greek banks
will be closed Monday amid last-ditch discussions about his nation's
economic future.
You can't just keep borrowing you need to pay it back.
Liiberal/progressive types never understand that.

The problem with the euro is that it is a currency without a polity. Consequently, it is not directly related to the fiscal and economic policies of the member countries. Consequently, these countries agree to try and keep debt and borrowing within certain limits, but if they cannot, the only alternative is deflation and austerity. The people will suffer. There are two inter-related alternatives. The first is to agree to a common fiscal regime, proposed by the Executive and agreed to by the European Parliament. This implies uniform tax rates, VAT rates, and common spending limits. However, if this still requires cut-backs in member countries, a second policy is required. This would ring fence certain areas of social policy, such as pensions, education, and health. The deficits would be remedied by an EU wide system of fiscal transfers. These policies have been discussed ever since the Euro was introduced. Of course, it would mean closer European integration, and a 'two speed

Europe'. But many people are resigned to that. The opposition has always been from vested financial interests. But the Greek crisis may prove a catalyst. As the bankers shit their pants, the realisation that we cannot continue this way will grow. By the way, Cameron is an irrelevance...a laughing stock.

You probably won't understand any of this, since you appear, from your comments after cut and pasting, to be a dumb colonial.
Dr. Barry Worthington

Are you going to answer these points? Or will you just dribble out the usual American right wing mantras? We are talking about Greece, but all I see is the usual American preoccupations.
Dr. Barry Worthington

Dr idiot socialist.

What has socialism to do with the analysis that I outlined?

What point all I see is your limited opinion
based on socialist values or none.

The fact that you are either too ignorant or too stupid (perhaps Both) to understand the post is not my problem.....

How did they get in such debt? What kind of policies? Why are they
not willing to pay there own way? Sound's like the Dole to me.

Why don't you find out for yourself? If you are ignorant of a case, one usually undertakes some research. But not people like you, of course.
By the way, have you given your own country's debt any thought? Of course you haven't!

You going to answer these points with more than Rhetoric? Doubtful.

What points? You haven't made any! Now are you going to address my posting? Do you actually understand it?

Socialism doesn't work.

We are not talking about socialism.
Does your head ever hurt?
Dr. Barry Worthington

<LOL> Greece's failure says everything you need to know about
socialism...
--

Should we feel bad for the leftists who, after seeing one of their
own become the President, discover that he is an incompetent,
nutless coward just like themselves?

[Steve]

On Mon, 29 Jun 2015 14:03:40 -0700 (PDT), trainguard

Post by Steve
On Mon, 29 Jun 2015 13:02:12 -0700 (PDT), trainguard

On Mon, 29 Jun 2015 11:26:07 -0700 (PDT), trainguard

Greece will close banks Monday as panic spreads
http://goo.gl/637k4c
In an ominous sign Sunday that Greece is speeding toward a banking
collapse, Prime Minister Alexis Tsipras announced that Greek banks
will be closed Monday amid last-ditch discussions about his nation's
economic future.
You can't just keep borrowing you need to pay it back.
Liiberal/progressive types never understand that.

The problem with the euro is that it is a currency without a polity. Consequently, it is not directly related to the fiscal and economic policies of the member countries. Consequently, these countries agree to try and keep debt and borrowing within certain limits, but if they cannot, the only alternative is deflation and austerity. The people will suffer. There are two inter-related alternatives. The first is to agree to a common fiscal regime, proposed by the Executive and agreed to by the European Parliament. This implies uniform tax rates, VAT rates, and common spending limits. However, if this still requires cut-backs in member countries, a second policy is required. This would ring fence certain areas of social policy, such as pensions, education, and health. The deficits would be remedied by an EU wide system of fiscal transfers. These policies have been discussed ever since the Euro was introduced. Of course, it would mean closer European integration, and a 'two speed

Europe'. But many people are resigned to that. The opposition has always been from vested financial interests. But the Greek crisis may prove a catalyst. As the bankers shit their pants, the realisation that we cannot continue this way will grow. By the way, Cameron is an irrelevance...a laughing stock.

You probably won't understand any of this, since you appear, from your comments after cut and pasting, to be a dumb colonial.
Dr. Barry Worthington

Are you going to answer these points? Or will you just dribble out the usual American right wing mantras? We are talking about Greece, but all I see is the usual American preoccupations.
Dr. Barry Worthington

Dr idiot socialist.

What has socialism to do with the analysis that I outlined?

Outlined? You are qualified to be a teacher on this subject.

As a matter of fact, I am. I have lectured on the EU in a Business School that was part of a University.

Worthington taught potential travel agents..

"My interest is the swinging sub-culture"
-- Barry Worthington
http://groups.google.com/group/alt.society.liberalism/msg/cea0c8e1abca656b?dmode=source&hl=en

Post by Steve

What point all I see is your limited opinion
based on socialist values or none.

The fact that you are either too ignorant or too stupid (perhaps both) to understand the post is not my problem.....

Yes I know Lenin and Stalinist would say the same.

Who is 'Stalinist'?

Post by Steve
Fact is they spent more than they can pay back is the root of the
problem within Greece.

No it isn't. The core problem is that they cannot pay their creditors without cuts and austerity that the population cannot bear. Lots of people (including a former Archbishop of Canterbury) are advocating debt cancellation.

Post by Steve

How did they get in such debt? What kind of policies? Why are they
not willing to pay there own way? Sound's like the Dole to me.

Why don't you find out for yourself? If you are ignorant of a case, one usually undertakes some research. But not people like you, of course.

Yes I know you need to put people down it is the only way you have to
look good ion your own eyes. Most people think you are a idiot.

How would you know? I mean, you don't seem to be the sharpest knife in the drawer!

Post by Steve
Me I am set for life and in my field well respected. The opinions of
a NG matter little in the real world. Hope I didn't offend here

What sort of 'real world' do you happen to live in?

Post by Steve

By the way, have you given your own country's debt any thought? Of course you haven't!

Oh yes I have. Many times. Obama needs to stop spending and printing
money. Liberals have no common sense just take out the credit card
and wonder why they can't pay all the bills. Me I pay them off every
month.

And you think that running a country is the same as running a grocer's shop? Thatcher thought the same, and destroyed a large part of the British economy.

Post by Steve

You going to answer these points with more than Rhetoric? Doubtful.

What points? You haven't made any! Now are you going to address my posting? Do you actually understand it?

I understand little of what you post.

That is clearly so.

Post by Steve
You are trying to look OH so
smart that you actually look stupid.

Really? How so?

Post by Steve

Socialism doesn't work.

We are not talking about socialism.

Yes we are in a way. Over your head or maybe within your agenda.

How, on God's earth, does any of this relate to socialism? Even 'in a way'?

Post by Steve

Does your head ever hurt?

Nope. I'm 100% healthy. You are a fraud by what I have been able to
find out.

And what have you found out? Do tell! Don't be such a tease!
Dr. Barry Worthington

Post by Steve

Dr. Bullshit

--

Should we feel bad for the leftists who, after seeing one of their
own become the President, discover that he is an incompetent,
nutless coward just like themselves?

[Steve]

On Mon, 29 Jun 2015 15:53:39 -0700 (PDT), trainguard

Post by Steve

As a matter of fact, I am. I have lectured on the EU in a Business School that was part of a University.

Worthington taught potential travel agents..

(Cue laughter track....)

Post by Steve
"My interest is the swinging sub-culture"
-- Barry Worthington
http://groups.google.com/group/alt.society.liberalism/msg/cea0c8e1abca656b?dmode=source&hl=en

I'll save everyone the task of looking this up.
"Ah....you see, we in the groves of academie have progressed beyond the
phase of sniggering behind bicycle sheds (or whatever the American
equivalent is).....come to think of it, most grownup people
have.....except you. Sex, as a phenomenon of nature, is studied in a
variety of academic disciplines. Now I study one aspect of sex tourism
as part of my other tourism research topics (which include the role of
tourism in post-communist transition in Europe, issues relating to
heritage tourism, 'serious leisure', and transport and tourism). There
are several academics who study the purely commercial side of sex
tourism. My interest is the swinging sub-culture, as an extension of
the 'serious leisure' concept, and its creation of 'embodied space'.
This, of course, has a practical side, in the sense that swingers
contribute a not insignificant amount to local tourist economies.
I realise that this will probably go over your pointy little head, but
still...."
Steve doesn't understand that this citation reveals him as an idiot.
Dr. Barry Worthington

So Worthington's expertise is something most normal people not only
don't have any interest in, but consider disgusting...

Remember that when the old fairy tries to lecture on real issues....

An incorporated municipality is not a government agency. Not in my country or yours.[...] Nor an American School Board.
--Barry Worthington demonstrating his ignorance