Alexis Tsipras' "open letter" to German citizens

[volpunter]

http://macro-man.blogspot.hk/2015/02/alexis-tsipras-will-you-please-go-now.html

 

[Tsing Tao]

By the way, without further monetary support Greece will be bankrupt in a mere few months and exiting the euro is not even an option for them in the short-term unless they feel comfortable with causing a civil war (and let's pray all non Greek individuals will have left the country by then so Greeks can smash each others' heads without harming outsiders). Keep in mind most every Greek financial institution hinges on the daily financing function of the ECB, something the Greek central bank is absolutely incapable of replacing. Let's see where this takes us but I actually also look forward to that at this point because it means an end to Europeans pouring good money into a bottomless barrel. I would even feel comfortable to write off their entire debt if they were kicked out of the euro and most European institutions for good. They can foster a pact with Turkey and Russia if they like.

Your personal hatred for Greeks is quite obvious, and quite clearly taints your ability to look at this with any sense of open mind.

You never did answer my question- Are you German?

 

[volpunter]

Ha, the ONLY way to look at this is with a huge sense of humor. And I am amused as my previous posts reflect. I want the Greeks out and grant them their debt forgiveness request. (Fortunately I personally do not have to grant them anything because I never did nor would I ever lend money to Greece), I am speaking in the figurative sense.

But, surprise surprise, Tsirpas seems to have already sucked cock in London this week and denounced several of his election pledges. And now they think that their growth linked bond and other bond issue can pull the wool over other European's eyes and mask that those bond issues are nothing else than a hair cut and entire restructuring.

What else than laughable is this country and its leaders? I do not hate Greeks I am just smirking and amused by their steadfast belief that they creamed the rest of Europe when in reality it is them who are fucked so badly if they carry on with a pullout.

Humor us more TsingDao....

Your personal hatred for Greeks is quite obvious, and quite clearly taints your ability to look at this with any sense of open mind.

You never did answer my question- Are you German?

 

[volpunter]

Dax making new all-time highs...looks like the economy (and paper market) turned into the proverbial steam-roller (one of the top global outperformers for several months now). I guess after all the country and its banks can afford some writeoffs of greek debt. I would not even be surprised if DB made a killing on long CDS positions and hence were not to suffer significant losses from any Greek exposure.

But it does not change the fact that all European citizens want a clear answer from their Greek friends. What is it gonna be? Fuck the debt and out and away or austerity after all? We shall see, but one thing I am very sure about: Europeans have been duped enough and won't take any of the lies and BS anymore. If they want to remain part of the euro and EU then they WILL invite the Troika back. We can of course change the name of the institution if that pleases the average Greek (non)tax payer, lol.

 

[Tsing Tao]

Ha, the ONLY way to look at this is with a huge sense of humor. And I am amused as my previous posts reflect. I want the Greeks out and grant them their debt forgiveness request. (Fortunately I personally do not have to grant them anything because I never did nor would I ever lend money to Greece), I am speaking in the figurative sense.

But, surprise surprise, Tsirpas seems to have already sucked cock in London this week and denounced several of his election pledges. And now they think that their growth linked bond and other bond issue can pull the wool over other European's eyes and mask that those bond issues are nothing else than a hair cut and entire restructuring.

What else than laughable is this country and its leaders? I do not hate Greeks I am just smirking and amused by their steadfast belief that they creamed the rest of Europe when in reality it is them who are fucked so badly if they carry on with a pullout.

Humor us more TsingDao....

I can only assume you are German since you refuse to answer. That eliminates your ability to look at this in a neutral light.

Whether Tsirpas goes back on his election pledges or not is irrelevant. Greece will never be able to repay the debt without restructuring, and even then, it will be in doubt. As a German, you should be hopeful Germany will leave the EU - or else it will go down bailing everyone else out, and then go down with them.

 

[volpunter]

And this crowns all your previous attempts to argue logically: "I can only assume you are German since you refuse to answer." (I do not comment on anything regarding personal info, you are free to make whatever assumptions float your boat).

So you wasted 12 pages of discourse to hammer this point into everyone's soul, which is that the debt cannot be repaid. On the same token you can say the exact same for US debt, Japanese debt, ..., so what? What is your real point here ? Because this cannot be it.

I can only assume you are German since you refuse to answer. That eliminates your ability to look at this in a neutral light.

Whether Tsirpas goes back on his election pledges or not is irrelevant. Greece will never be able to repay the debt without restructuring, and even then, it will be in doubt. As a German, you should be hopeful Germany will leave the EU - or else it will go down bailing everyone else out, and then go down with them.

 

[Tsing Tao]

And this crowns all your previous attempts to argue logically: "I can only assume you are German since you refuse to answer." (I do not comment on anything regarding personal info, you are free to make whatever assumptions float your boat).

And yet you send me a private message that points me to a link where you mention in another thread that you are, indeed, German. And I'm the one who lacks logic.

So you wasted 12 pages of discourse to hammer this point into everyone's soul, which is that the debt cannot be repaid. On the same token you can say the exact same for US debt, Japanese debt, ..., so what? What is your real point here ? Because this cannot be it.

No, actually you wasted all those pages telling me I was arguing something other than that simple point. Go back and read the exchange. I continue to maintain that the money should not have been lent, and will not be repaid. That's it.

 

[Tsing Tao]

Here. I've made it easy for you, volpunter. I've collected ALL of the posts where I've made the one point all along. This is my one and only point, despite you trying to make the discussion about a whole bunch of other things in your anger.

Where did I say it was Germany's fault? All I'm saying is that adding debt to solve a debt problem isn't the answer. That's all.

Page 1

What I don't get is that you rail against bailing out those that should be responsible for their own debts, yet that is that Tsipras is saying - they were given loans they shouldn't have been, and shouldn't be given any more.

Page 2

Again, I don't remember saying anything of the sort. I get that you like to tell me what I'm saying and thinking, but let me reiterate my position - debt problems cannot be solved with more debt.

Also page 2

Europe already paid. They gave two bailouts. What they should have done is math and realized there was no way that debt would be repaid.

Page 3

It doesn't matter what Greece wants. That's the whole point. The money will never be paid back. It's just math.

Page 4

None of this is relevant. I never said the Greeks weren't corrupt. What I said is that they will never be able to repay the debt lent to them, and it should never have been lent. End of story.

Page 7

I'm not justifying anything. I'm simply saying the debt cannot and will not be repaid. And with that, I'll leave you to rant and froth on your own.

Page 8

Agree completely. volpunter continues to get angry at the Greeks suggesting they won't repay - but this isn't a moral discussion. It's a practical one. They will default eventually. It's just a matter of when and how much money is lent to them before it occurs.

Page 11

Whether Tsirpas goes back on his election pledges or not is irrelevant. Greece will never be able to repay the debt without restructuring, and even then, it will be in doubt. As a German, you should be hopeful Germany will leave the EU - or else it will go down bailing everyone else out, and then go down with them.

Finally on page 12.

 

[i am nobody]

maybe we should rename this thread: Tsing Tao versus volpunter

 

[Tsing Tao]

maybe we should rename this thread: Tsing Tao versus volpunter

If I would have known he could not understand English that well, I would have tried using my German to explain my point. Though it's very rusty and hasn't been used since I lived in Moscow.