Germany must be forced out of the Euro Monetary Union.

which part is gut-wrenching? The part where they exit the euro or the part where they get back to being farmers and fuxx goats and overcharge the few tourists that get lost in Greece and the hyper inflation they have lived with for centuries and the coups every once in a while and a total breakdown of infrastructure without the subsidies from Germany & Co that they are hooked on?

Hilarious your childish way of thinking. How does this do Greece any good?


You're quite obsessed with me!

What I've said before (100s of times) is that Greece leaving the EU and returning to the Drachma would be horrible in the short term - lots of pain. In the end (it would take some time to unwind the last 15 years of EU involvement) the Greeks would be back to where they were before. With inflation, tourism, on their own and living life the way they had for hundreds of years before there ever was such a thing as the EU.

The painful time, however, would be gut wrenching. But it's going to happen, regardless of any plans to save it. "What cannot be paid back, won't."
 
"Of course there is no difference between real money printing and bond buying by the central bank, in terms of effect.

This is something you are categorically incorrect about. But I am avoiding being bated into a long pointless discussion with those who have already filled their heads with incorrect information and will refuse to avail themselves of the copious correct information that is available to them. If I engage in this kind of discussion, I will be confronted with quotes of Bernanke saying that "essentially" they were "printing", and as I have already said, ad nauseum, it is common for economists to refer to quantitative easing as printing, despite all professional economists understanding the huge difference between actual printing (what Germany, Zimbabwe, and Australia did) and what the U.S. Fed did and what the ECB is doing.) The effect of actual printing and quantitative easing are in fact vastly different. This is a topic covered in every basic text on economics.

By the way. When in a serious forum, the Senate Banking Committee, one of the Senators indicated that the Fed was printing, Bernanke was very quick to correct him. "I'm NOT printing," he said.

We can have a discussion re the merits of the Austrian school versus Keynesian economics, if you like, because that is a matter somewhat of opinion. It seems you subscribe more or less to Austrian School economics, whereas I am most assuredly in favor of Keynesian economics in most situations that confront us today. We can't debate, however, whether the effect of quantitative easing and money printing is the same. That would be like trying to debate whether the sun comes up in the East!
again you faded by deflecting the answer like a prototype snake oil salesman. to say look it up as it is in every basic economic text is because you don't have the answer. the fact that refused to answer me directly is part of your lack of character and your general deceitful nature.
 
gotta do a bit copy/paste myself.

Here Sheda, this is what I am talking about. A morally and ethically bankrupt country that kisses up to China and does whatever to please its master: (Source FT)

UK’s Ai Weiwei visa rejection part of bigger game

Kiran Stacey, James Pickford and George Parker in London and Jamil Anderlini in Beijing

8a7d4fd9-3486-4330-9496-032e8062ea13.img
©Getty

UK prime minister David Cameron with Chinese premier Li Keqiang in Beijing in 2013

Earlier this month, Ai Weiwei was finally given back his passport, which had been confiscated by the Chinese authorities.

Just weeks later, he has found himself in the middle of a visa row — not with Beijing, but with London — becoming the latest high-profile critic of the UK’s attempts to curry favour with the Chinese government.
Follow the twists and turns with UK Politics- our free email briefing on each day's main political developments.

Over the last few years human rights activists and allies in Washington have become increasingly frustrated as the prime minister gas has set off in enthusiastic pursuit of the Chinese renminbi.

Having angered Beijing in 2012 by having his photograph taken meeting the Dalai Lama, Mr Cameron has since been assiduous in courting the Chinese government.

In 2013 he indicated he had no plans for further meetings with the Tibetan spiritual leader, and sealed the rapprochement later that year by taking Britain’s largest ever trade delegation to China.

Last year, Mr Cameron dismayed pro-democracy campaigners in Hong Kong with an apparent reluctance to criticise Beijing over its attempts to change the voting system in the province.

George Osborne, the chancellor, is now leading attempts to forge trading links between the two countries. But again his key decision to sign up to the Asian Infrastructure Investment Bank, seen as a Chinese rival to the World Bank, has enraged the government’s allies — this time in Washington.

Now British ministers have the wrath of the artistic community to contend with. Just months before a major exhibition at the Royal Academy, officials have denied Ai Weiwei a full six-month visa, choosing to end his right to stay in the UK at the end of September.

The home office says this is because he failed to declare a conviction on his application form. His supporters point out that though he has been arrested in the past, he has never been convicted, and allege the timing has more to do with the visit of Xi Jinping, the Chinese president, in October.

Jodie Ginsberg, chief executive of Index on Censorship, a campaigning organisation, said: “The British government has said repeatedly in recent months that freedom of speech and expression are key British values. The home office needs to show this in deeds, not just words.”

Tim Marlow, artistic director of the Royal Academy, took a more cautious line, saying: “We hope for a speedy resolution to this service.” But Mr Ai’s own gallery in the UK, the Lisson Gallery in Marylebone, was damning: “We trust and hope this decision is based on a misunderstanfing and will be quickly corrected.

“As a Chinese citizen and leading cultural figure Ai Weiwei deserves full rights of entry to the UK where his huge audience looks forward to greeting him for the first time in five years.”

Two Labour members of the foreign affairs select committee — Ann Clwyd and Mike Gapes — also condemned the decision.

For Mr Ai himself, the decision is a particular disappointment after the Chinese authorities returned his confiscated passport earlier this month. On Thursday he posted a statement in the comments section of his Instagram account next to a picture of a toilet. It read: “This decision is a denial of Ai Weiwei’s rights as an ordinary citizen, and a stand to take the position of those who caused suffering for human rights defenders.”

The home office defended its actions however. A spokesman said: “All applications are considered on their individual merits and in line with the relevant legislation. Mr Ai has been granted a visa for the full duration of his requested dates of travel.”




Tic Toc
 
which part is gut-wrenching? The part where they exit the euro or the part where they get back to being farmers and fuxx goats and overcharge the few tourists that get lost in Greece and the hyper inflation they have lived with for centuries and the coups every once in a while and a total breakdown of infrastructure without the subsidies from Germany & Co that they are hooked on?

Hilarious your childish way of thinking. How does this do Greece any good?

Your little kiddie insults aside, unless Greece gets debt forgiveness AND fully implements reforms, nothing changes and Greece stays in a depression-like state for ...well, ever. Defaulting now and going to the Drachma causes hell for a while, and allows them to get out of the rubble debt free.
 
yes, that is precisely what Tsingtao believes. He thinks Greece will be propped up by Russia or China or both and goes about Tourism and all will be fine. Sweet little redneck back-in-the-forest wherever he is from kind of thinking...

Hey, redneck forest people are quite patriotic and fiscally conservative at least here in the U.S. And I'm quite sure that China and Russia are held on low esteem by redneck country folk. Safe assumption.
 
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