Alexis Tsipras' "open letter" to German citizens

[Tsing Tao]

it is the logical conclusion when you basically accused EU bodies of either intentionally pushing Greece into a corner it never could recover from or of being grossly negligent and borderline stupid in not knowing that Greece would not be able to recover. You yourself ruled out intentional harm so given the fact that hundreds of billions were and are at stake and claiming anyone would not do their due diligence lends a touch of hubris and arrogance to you. And the logical extension is that given all the experts, who spent weeks if not months in Greece to assess the situation before anyone was bailed out, by your judgement were too negligent or naive points to you believing you know it better than everyone else. Got it now or still unclear?

Do we have to walk through this exercise now every time you say something?

We have to walk through it if you cannot understand the simple commentary I've made, sure. I never said anyone did anything evil or toxic, etc. All I said was either the Troika did not do it's due diligence in determining whether or not the Greeks could repay loans of that magnitude, or they had another reason for providing it - namely that the money was actually intended to go to their financial institutions - not the Greeks. That doesn't make anyone evil, just gives it a different purpose - the purpose of being concerned over their institutions in their home countries.

Got it now or still unclear?

 

[Tsing Tao]

what double posts? Now we are one and the same? Goodness. What's next.

P.S. I know exactly what is coming next: "I did not say that, show me where I said that"

You guys keep making the same post twice, and then deleting them. Is it a forum issue or something with your connection? I can take screenshots from now on if you'd like to see, but I'm sure you'll be extra careful.

 

[i am nobody]

Dear bank,

after new elections in my household, my wife is the new boss now. Her first promise was to reduce our charges drastically. Therefore we will not longer pay the mortgage of our house. We insist that the bank will converse our mortgage in bonds with an interest rate linked to the increase of our income. If this would put too much pressure on us we will never pay back these bonds too.


Thank you for your collaboration.

Demis Roussos

 

[Tsing Tao]

Dear bank,

after new elections in my household, my wife is the new boss now. Her first promise was to reduce our charges drastically. Therefore we will not longer pay the mortgage of our house. We insist that the bank will converse our mortgage in bonds with an interest rate linked to the increase of our income. If this would put too much pressure on us we will never pay back these bonds too.


Thank you for your collaboration.

Demis Roussos

And if that was the whole story, the bank would have no fault at all - it would be just the people declaring their intent to break the contract. Of course the house would be repossessed and the people kicked out - something that can't exactly be done to Greece.

But what if the bank gave a $1mm mortgage to a couple whose combined income was $50,000 a year with no money down?

 

[i am nobody]

The Greek philosopher Nikos Dimou has been studying the national character of his countrymen for sixty years. His analysis?

1. Greeks live twice over their financial resources.
2. They promise three times more than they can deliver.
3. They claim to know more than four times what they have really learned.
4. And their feelings are set to be about five times heavier than what they actually feel.

 

[Tsing Tao]

The Greek philosopher Nikos Dimou has been studying the national character of his countrymen for sixty years. His analysis?

1. Greeks live twice over their financial resources.
2. They promise three times more than they can deliver.
3. They claim to know more than four times what they have really learned.
4. And their feelings are set to be about five times heavier than what they actually feel.

All the more reason to kick them out of the EU and put them back on the Drachma.

 

[i am nobody]

But what if the bank gave a $1mm mortgage to a couple whose combined income was $50,000 a year with no money down?

If the bank would give this money because of HUMANITARIAN reasons, the least you could expect is some respect and thankfulness. The first person responible is the one that gets the money and PROMISED TO DO SOMETHING IN RETURN. If he knows he cannot deliver he should not accept the money. You cannot use HUMANITY as excuse for putting the guilt on someone else. Beside the Greeks never said they were poor, they pretended to be able to pay back.

 

[i am nobody]

All the more reason to kick them out of the EU and put them back on the Drachma.

Exactly!

 

[volpunter]

yes you suggesting that the Troika did not perform their due diligence is simply ludicrous. They have sent tons of experts into Greece and have put their best financial minds to work on this. Saying they may not have understood what they are trying to get into just makes you look stupid.

We have to walk through it if you cannot understand the simple commentary I've made, sure. I never said anyone did anything evil or toxic, etc. All I said was either the Troika did not do it's due diligence in determining whether or not the Greeks could repay loans of that magnitude, or they had another reason for providing it - namely that the money was actually intended to go to their financial institutions - not the Greeks. That doesn't make anyone evil, just gives it a different purpose - the purpose of being concerned over their institutions in their home countries.

Got it now or still unclear?

 

[volpunter]

that I can agree with. Unfortunately it is not that easy. The bailout is not the only issue at hand. Greece will dive into chaos and fold their cards without any of the European subsidies it received in the many tens and hundreds of millions. That Greeks themselves cannot and do not want to live with. But you cannot have it all. I can only repeat, if Greeks could accept that they would have gone into default long time ago. They did not because they think over promising and under delivering still works. They hate Schaeuble and Co because they realize that the rest of Europe is not fooled twice.

All the more reason to kick them out of the EU and put them back on the Drachma.