Unless a new Eurozone BW conference declares a unified EU government, I doubt it would do any good. The first BW died because it lacked any flow adjustment mechanisms, remember?
I was thinking less in the particulars and more that its well past time for the major nations to sit down and admit that the status quo is kind of fucked and needs adjusting. At this point, there are practically an infinite number of ways for a host of nations and private entities to accidentally blow up the world economy.
Seems like the kind of thing someone should try to fix.
It's not really something you can 'fix' in advance, with the Greek example it is obvious that Greece was cheating the system to 'obey' the rules people had made. The agreement that is needed is what will be done to resolve the problem after it occurs. For example, the Republicans in the US with their brinksmanship over the debt limit could have caused a problem similar in scope to that of Greece for no reason at all. You can't fix that in advance. You just need the worlds fiscal institutions to have a plan to deal with foolishness by individual members.
Unless a new Eurozone BW conference declares a unified EU government, I doubt it would do any good. The first BW died because it lacked any flow adjustment mechanisms, remember?
I was thinking less in the particulars and more that its well past time for the major nations to sit down and admit that the status quo is kind of fucked and needs adjusting. At this point, there are practically an infinite number of ways for a host of nations and private entities to accidentally blow up the world economy.
Seems like the kind of thing someone should try to fix.
macroprudential regulation will take a back seat until the present slump is over
there is very little macroprudential stuff anyone can do that is not also contractionary, is the reason
MPs from Syriza and the KKE party, at that. And they were both women.
That is really extremely convenient.
I don't wanna kill anybody. I don't like bullies. I don't care where they're from.
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Tiger BurningDig if you will, the pictureRegistered User, SolidSaints Tuberegular
Well..
Ain't no particular sign I'm more compatible with
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GnomeTankWhat the what?Portland, OregonRegistered Userregular
That said, that should all sound eerily familiar. Hard right wing fascist party? Xenophobic? Trying to pray on a country in a time of great economic and social uncertainty? Attacking opposing political party members in the streets? Setting up roving political gangs? Blaming societies ills on a minority population?
Please tell me we've all heard this story before (and no, I'm not implying it will turn out like THAT other one did)
That said, that should all sound eerily familiar. Hard right wing fascist party? Xenophobic? Trying to pray on a country in a time of great economic and social uncertainty? Attacking opposing political party members in the streets? Setting up roving political gangs? Blaming societies ills on a minority population?
Please tell me we've all heard this story before (and no, I'm not implying it will turn out like THAT other one did)
Agreed. We all know the Greeks are too lazy to conquer Europe.
That said, that should all sound eerily familiar. Hard right wing fascist party? Xenophobic? Trying to pray on a country in a time of great economic and social uncertainty? Attacking opposing political party members in the streets? Setting up roving political gangs? Blaming societies ills on a minority population?
Please tell me we've all heard this story before (and no, I'm not implying it will turn out like THAT other one did)
Agreed. We all know the Greeks are too lazy to conquer Europe.
Does it count as a Godwin if it's, you know, an accurate comparison?
New Democracy had 27.5 percent to 30.5 percent of the vote, according to the exit poll on state-run NET TV. Syriza had 27 percent to 30 percent. Socialist Pasok got between 10 percent and 12 percent. An estimate based on the full sample will be released at around 8:30 p.m. Greek time. The election marked a revote after an inconclusive May 6 ballot.
Depends, what do you want more to happen? Germany to force Greece to "take its medicine" (AKA Austerity) so that the world economy might stabilize. Or do you want Greece to give the Eurozone the finger and try to actually help its people not slowly starve to death en masse to the best of its ability. Me, I'm all for the latter, yes the Euro breaking up is bad for finance, but at this point after how banks keep getting away with this shit and the poor always having to suffer for it (for decisions they didn't even realize were being made in their name, which they always end up being required to pay for.) I'd like to see someone, somewhere, finally make the bond markets sweat that they can't keep expecting to extract $TEXAS in return from every investment (no matter how bad/stupid it was.) It'd be a nice change of story IMHO.
If the best you can come up with against someone who's patently ignorant is to yell back at him, "Yeah? Well there's BOOKS, and they say you're WRONG!"
Then honestly you're not coming out of this looking great either.
PASOK and New Democracy are the mainstream socialist and conservative parties, so whichever of those floats your boat. Syriza are the dangerous radical upstarts, promising everybody everything to gain power. If they win everyone loses. One could compare them to political movements of the past, but one would immediately Godwin, if one did so.
PASOK and New Democracy are the mainstream socialist and conservative parties, so whichever of those floats your boat. Syriza are the dangerous radical upstarts, promising everybody everything to gain power. If they win everyone loses. One could compare them to political movements of the past, but one would immediately Godwin, if one did so.
And in a sign of how Greece’s economic collapse has led to deeper polarization between right and left, the anti-immigrant, neo-Nazi Golden Dawn party was holding strong with 6.5 percent to 7.1 percent.
Looks like the conservative party won, according to huffpo
But is it by enough to form a coalition government?
If pasok allies with them, yes. Pasok says they want to ally with them, but they've also said they want syriza included too, so who knows. Most likely nothing much will happen.
Looks like the conservative party won, according to huffpo
But is it by enough to form a coalition government?
If pasok allies with them, yes. Pasok says they want to ally with them, but they've also said they want syriza included too, so who knows. Most likely nothing much will happen.
They want someone else involved so the austerity measures don't cause them to take all the blame again. It is just like the Democrats and GOP have done over the past two years.
Looks like the conservative party won, according to huffpo
But is it by enough to form a coalition government?
If pasok allies with them, yes. Pasok says they want to ally with them, but they've also said they want syriza included too, so who knows. Most likely nothing much will happen.
They want someone else involved so the austerity measures don't cause them to take all the blame again. It is just like the Democrats and GOP have done over the past two years.
Sure, but syriza wont play along. They know that if austerity continues to fail, it's going to totally discredit the centrist parties and put syriza in power by default.
Well, unless golden dawn launches a coup. There was an exit poll showing that 50% of the Greek police support golden dawn.
So it looks like the winners do not want to leave the Euro zone, but at the same time want to renegotiate the terms of the bailout.
Do they have any real leverage to walk the middle path like that? It seems like the German government is trying to force them into a very specific path and have no interest in negotiating.
The only thing I can think of as a threat would be if they defaulted while staying in the euro, which would be a very bad thing as they can not self finance debt. That basically seems like a lose-lose situation. Germany loses it's existing investment and Greece falls into a horrible depression.
If Greece (and Spain and Italy) were to default, how badly would that harm Germany?
He's a shy overambitious dog-catcher on the wrong side of the law. She's an orphaned psychic mercenary with the power to bend men's minds. They fight crime!
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HacksawJ. Duggan Esq.Wrestler at LawRegistered Userregular
The conservative leader also vowed to "take back" Greek cities from illegal immigrants if his party won on Sunday.
"We have to take back our cities from those who have flowed in without any permission whatsoever," the Greek party leader said.
Illegal immigration is a sensitive issue in Greece, where a far-right party, Golden Dawn, won seats in the May election on an anti-immigration platform.
Are they going to fund a recovery with money confiscated from fleeing minority groups?
The conservative leader also vowed to "take back" Greek cities from illegal immigrants if his party won on Sunday.
"We have to take back our cities from those who have flowed in without any permission whatsoever," the Greek party leader said.
Illegal immigration is a sensitive issue in Greece, where a far-right party, Golden Dawn, won seats in the May election on an anti-immigration platform.
Are they going to fund a recovery with money confiscated from fleeing minority groups?
I see, so it was the illegal immigrants that prevented them from paying their taxes?
...of course. Greece is one of the border states of Europe, with Asia(Turkey) just a stone's throw away.
I knew this was the case, but my mind wandered into ghettos of English, French, and German illegal immigrants, hiding out from the law and working on golf courses.
Posts
It's not really something you can 'fix' in advance, with the Greek example it is obvious that Greece was cheating the system to 'obey' the rules people had made. The agreement that is needed is what will be done to resolve the problem after it occurs. For example, the Republicans in the US with their brinksmanship over the debt limit could have caused a problem similar in scope to that of Greece for no reason at all. You can't fix that in advance. You just need the worlds fiscal institutions to have a plan to deal with foolishness by individual members.
macroprudential regulation will take a back seat until the present slump is over
there is very little macroprudential stuff anyone can do that is not also contractionary, is the reason
On June 17 Greece is having its next election. Let's hope it produces a politically viable coalition.
That poll is hilarious.
HEYOOOO
MPs from Syriza and the KKE party, at that. And they were both women.
That is really extremely convenient.
Please tell me we've all heard this story before (and no, I'm not implying it will turn out like THAT other one did)
Agreed. We all know the Greeks are too lazy to conquer Europe.
Das Otto.
You can filter out the stupid comments with the "NYT Picks" tab.
Does it count as a Godwin if it's, you know, an accurate comparison?
twitch.tv/Taramoor
@TaramoorPlays
Taramoor on Youtube
This could prove interesting and/or relevant.
twitch.tv/Taramoor
@TaramoorPlays
Taramoor on Youtube
http://www.bloomberg.com/news/2012-06-17/greek-parliamentary-vote-too-close-to-call-exit-poll-shows.html
Now the eurozone can lurch to its next crisis that it will ignore on the horizon.
Depends, what do you want more to happen? Germany to force Greece to "take its medicine" (AKA Austerity) so that the world economy might stabilize. Or do you want Greece to give the Eurozone the finger and try to actually help its people not slowly starve to death en masse to the best of its ability. Me, I'm all for the latter, yes the Euro breaking up is bad for finance, but at this point after how banks keep getting away with this shit and the poor always having to suffer for it (for decisions they didn't even realize were being made in their name, which they always end up being required to pay for.) I'd like to see someone, somewhere, finally make the bond markets sweat that they can't keep expecting to extract $TEXAS in return from every investment (no matter how bad/stupid it was.) It'd be a nice change of story IMHO.
PASOK and New Democracy are the mainstream socialist and conservative parties, so whichever of those floats your boat. Syriza are the dangerous radical upstarts, promising everybody everything to gain power. If they win everyone loses. One could compare them to political movements of the past, but one would immediately Godwin, if one did so.
So the Tea Party, then : D
But is it by enough to form a coalition government?
If pasok allies with them, yes. Pasok says they want to ally with them, but they've also said they want syriza included too, so who knows. Most likely nothing much will happen.
They want someone else involved so the austerity measures don't cause them to take all the blame again. It is just like the Democrats and GOP have done over the past two years.
Well, unless golden dawn launches a coup. There was an exit poll showing that 50% of the Greek police support golden dawn.
Interesting choice of phrase...
Do they have any real leverage to walk the middle path like that? It seems like the German government is trying to force them into a very specific path and have no interest in negotiating.
The only thing I can think of as a threat would be if they defaulted while staying in the euro, which would be a very bad thing as they can not self finance debt. That basically seems like a lose-lose situation. Germany loses it's existing investment and Greece falls into a horrible depression.
If Greece (and Spain and Italy) were to default, how badly would that harm Germany?
"We must enact... the final solution. Prepare to bombard their olive orchards."
Are they going to fund a recovery with money confiscated from fleeing minority groups?
I see, so it was the illegal immigrants that prevented them from paying their taxes?
...of course. Greece is one of the border states of Europe, with Asia(Turkey) just a stone's throw away.
I knew this was the case, but my mind wandered into ghettos of English, French, and German illegal immigrants, hiding out from the law and working on golf courses.
ja
This is the best survey I've seen in a long time.