Greece after their general election

vickylass By vickylass, 19th Feb 2015 | Follow this author | RSS Feed
Posted in Wikinut>Writing>Columns & Opinions

Getting cash from financial markets means more debt and the interests that will have to be paid sooner than later and these financial markets won't let anyone to get away with their debts.

Greece after their general election

A master deal is what has been called the agreement between the newly elected Greek government and the EU. Their EU loan is due on February 28th, but they have applied for an extension for another six months.
They came to government claiming for an end to their debt. They even stated that they'd pay up in what little they could. The newly elected government decided on some issues such as letting to some people have free electricity and to stop with the evictions. They increased the minimum salary. EU leadership namely the Troika weren't pleased with the results in the general election and they stated that they'd be harsh on Greece if they weren't to accept their plans to allegedly overcome this economic crisis in Europe.
The newly elected Greek leaders seemed bold in front of the EU leadership, but now they seem to accept that they can't make it without the money they're getting from the ECB. They need cash. It seems they can't solve their problems without more cash from the ECB and whatever other financial markets.
After world war two, Germany was completely ruined and destroyed. Yet, as the years went on, Germans strove to rebuild their country and they achieved to become a powerful economic power, but then Germans have a strong social conciousness. It, perhaps, what Greeks lack. No one whether in the left or right wing cares for its country and all of them get away from national problems. They should know by now that to get cash from any financial market means more debt and that interests will have to be paid sooner than later.
The Parthenon as well as other important monuments on Greek soil are part of the human heritage. They are there to be seen and enjoyed by anyone visiting Greece, but one isn't going to be surprised if on visiting them, one finds them completely ruined to their foundations or, at the very best, that they have been turned out into luxury hotels and spas.
What a pity to lose such magnificent and unique heritage forever!

(C) Copyright. Vicky Pino. February 19th 2015.


Conciousness, Debt, Government, Interests, Issues, Loan, Monuments

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Feature article writer whose motto is that inspiration does exist, but it has to meet us at work.

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author avatar Kingwell
19th Feb 2015 (#)

It will be interesting to see how this new government does. For the sake of the country I wish them well. Blessings.

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author avatar vickylass
20th Feb 2015 (#)

I too, but if they go on expecting more cash from the ECB and the like, they won´t be able to get rid of debt. They should do las in Iceland even though the two countries are different and Greece is much bigger one than. Difficult to do what Iceland did in a big country.

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