He disagrees with just about everything I say. I don't disagree with much of what he says. He just wants to disagree. He's a pissy little bitch, is pretty much all it is. Angry from his first post here with all the profanity. As for the chart, here is a more detailed one showing what is actually going to the Greek government operations.
Please post where I made such a comment. I'm sure, like all the other claims about me, this one will evaporate into silence. Trust me, you don't offer enough of a challenge for even a quarter of my intellectual capacity. There's been only one whiner, one person claiming "he's done with the thread" or "I'm out of here" or "you're on ignore" and then coming back again for more.
Greece to submit loan request to euro zone, Germany resists By George Georgiopoulos and John O'Donnell (Reuters) - Greece will submit a request to the euro zone on Wednesday to extend a "loan agreement" for up to six months but EU paymaster Germany says no such deal is on offer and Athens must stick to the terms of its existing international bailout. The move, confirmed by an official spokesman, is an attempt by the new leftist-led government of Prime Minister Alexis Tsipras to keep a financial lifeline for an interim period while sidestepping tough austerity conditions in the EU/IMF program. An EU source said whether finance ministers of the 19-nation currency bloc, who rejected such ideas at a meeting on Monday, accepted the request as a basis to resume negotiations would depend on how it was formulated. A spokesman for the Eurogroup said no request had been received so far. Hardline German Finance Minister Wolfgang Schaeuble poured scorn on the Greek gambit, telling broadcaster ZDF on Tuesday evening: "It's not about extending a credit program but about whether this bailout program will be fulfilled, yes or no." However, German Economy Minister Sigmar Gabriel, leader of the Social Democratic junior partners in conservative Chancellor Angela Merkel's coalition, welcomed what he called the signal from the Greek government that it was ready to negotiate. With Greece's agreement with the euro zone due to expire on Feb. 28, Tsipras said talks were at a crucial stage and his demands for an end to austerity were winning wide support. "There were protests across Europe supporting the moves made by Greece and we have managed for the first time through contacts with foreign leaders to create a positive stance on our requests," he said at a televised meeting with President Karolos Papoulias. EU officials said intensive formal and informal consultations were under way between Athens, the Eurogroup and the European Commission, with Italy and France also involved in the search for a compromise. Germany and other euro zone countries were standing firm on their insistence that there can be no roll-back of reforms already implemented under the bailout and that Greece will have to repay all it has borrowed, they said. Greek bond yields fell sharply and shares rallied after government spokesman Gabriel Sakellaridis confirmed Athens would send a formal application on Wednesday. "Let's wait today for the request for an extension of the loan agreement to be submitted by Finance Minister (Yanis) Varoufakis," he told Antenna TV, adding: "We will not back down on certain points that we consider red lines. The (bailout) memorandum died on Jan. 25." That was the day Greek voters elected a government led by Tsipras's hard left Syriza party, which had promised to scrap the 240 billion euro bailout, reverse austerity measures and end cooperation with the hated "troika" of inspectors from the Commission, the European Central Bank and the IMF. Commission President Jean-Claude Juncker was quoted by a German magazine as saying he was collaborating with the head of the Eurogroup to find a solution. "I am working together with Eurogroup President Jeroen Dijsselbloem to achieve an extension of the existing program, in order to bridge the time until summer," he told WirtschaftsWoche in an interview published on Wednesday. ECB REVIEWS LENDING The ECB's governing council will meet later on Wednesday (10:00 a.m. EST) in Frankfurt to decide whether to continue and possibly increase emergency lending assistance to Greece's banks, plagued by deposit withdrawals. The ECB is not expected to pull the plug this week but Germany's Bundesbank is leading opposition to any increase in the funding by the Greek central bank, people familiar with the situation told Reuters. Without added liquidity, the banks face a tightening squeeze as savers withdraw money that could force Greece to introduce capital controls if there is no deal. A source close to the Greek government said the loan request would be based on a text drawn up earlier this week by EU Economics Commissioner Pierre Moscovici, which was discarded by euro zone finance ministers when they met on Monday. The Moscovici draft would also have committed Greece not to take unilateral steps to reverse measures implemented under the bailout, but Tsipras told Syriza lawmakers on Tuesday he would hasten legislation to scrap labor market deregulation. With several euro zone countries needing parliamentary ratification of any change or extension, time is running short. Dijsselbloem has said Greece must request an extension of the existing bailout by the weekend or the program will expire at the end of this month. Greece could then run out of money within weeks since it has to make hefty repayments to the IMF in March. As the deadline approaches, several European leaders called Tsipras to seek a solution, including Italian Prime Minister Matteo Renzi, French President Francois Hollande and Cypriot President Nicos Anastasiades, as well as Juncker.
This is what you have been doing on each page so far. Hardly any of the points I made in this post I have previously made. You ignored most if not all arguments and points, made, by anyone who disagrees with your base line.
Nigel Farage... "There is a great game of poker taking place for the future of this currency," Nigel Farage exclaims as he deservedly takes a small victory lap over his warnings of the anti-democratic nature of the dis-union that has been created. As his warnings that "the EU will crush, and kill, and destroy nation state democracy," have gone unheeded, this last week has seen The Eurogroup's behavior justify everything Farage has feared... Juncker: "there can be no democratic choice against the Euro."
Lol, really? That is how you do not disagree with much what all of us say, who have a different take? Your chart is totally and absolutely ridiculous. Can you please explain to us which the 81.3 billion maturing debt obligations are? They are NOT encompassing any debt payments troika made to Greece. Can we agree on that? Nor are the 40.6 billion euros of interest payments, those are including interest payments to service Greek outstanding debt before troika ever send a single euro to Greece. So, can you please explain to us how this in any way points to an unfair funding scheme? Greece could simply not service its own debt anymore. And it accepted a bailout to avert bankruptcy. Which part are you confused about?
My chart is ridiculous? That's the FT's chart. You don't like them either, eh? Did the author of the chart perform some amoral behavior that discredits the chart? Maybe got married before 21 or something? Who cares if the debt payments go to the Troika or not? The point is it's more debt. If anything, it makes it even worse that the Troika said "We'll help you with your debt, here, take out this loan"... Just goes to illustrate what I've been saying all along. You can't solve a debt problem with more debt.
Your comments: "I'm being the same "ass" you guys were to me when I made comments about having visited Greece" " What's the deal with you guys and the double posts?" "Is this stated fact or in your opinion? Define "plenty" or show a source that defines the finite amount. You know, so there's no misunderstanding.I'm pretty sure the author was referring to the general mass of folks caught in the housing crisis that took out much more house than they could afford.But I'm sure you'll back up your "plenty of people" argument." => If those do not sound like a drama queen is crying us a river then I do not know what else to say.
Ok I correct myself, sorry. I meant your interpretation of it is utterly ridiculous. You used the chart to make the point that most of the money Troika shot into Greece is flowing right back to itself or banks. That is factually incorrect. None of the loans extended are coming due any time soon. Hence so far Greece has not had to repay a single bailout euro to anyone. But yes, it has to service its existing debt like every other country in the world. Greece was not able to service its own debt anymore which is why it had to be bailed out at the request of Greece. To explain to you lending and repayment 101: Yes, eventually all the money Greece has received in the bailout is supposed to be paid back plus interest (which is extremely low given its credit). The below will make it clearer for you to understand: "An extension of the maturities of the bilateral and EFSF loans by 15 years and a deferral of interest payments of Greece on EFSF loans by 10 years." http://ec.europa.eu/economy_finance/assistance_eu_ms/greek_loan_facility/index_en.htm And here some crisis rates so you understand why Greece had no other choice than getting bailed out or go belly up: And here some more details so you understand that your asserted ECB/IMF/EU shark mentality is misplaced: (http://www.ft.com/intl/cms/s/0/6e5532c0-a310-11e4-ac1c-00144feab7de.html#axzz3S4Rxystg) The terms on Greece’s debt pile have become progressively more manageable. The maturity on the bilateral loans provided by eurozone member states in May 2010 has been extended to 2041 and the interest rate cut from between 300 and 400 basis points over the three-month Euribor rate, to just 50. The EFSF loans, whose yield is just one basis point over the average borrowing cost of the EFSF itself, now have an average maturity of more than 30 years. In 2012, the eurozone finance ministers agreed on a grace period of 10 years over which Athens will have to make no principal repayment. As a result of these changes, the average maturity of Greece’s debt is now 16.5 years, double that of Germany and Italy, according to data compiled by Joakim Tiberg, a strategist at UBS. Portugal and Ireland, which also benefit from favourable terms for their own bailout loans, have average maturities of 11 and 12.5 years, respectively.