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posted by martyb on Monday July 06 2015, @08:57AM   Printer-friendly
from the getting-what-you-asked-for-may-not-be-getting-what-you-want dept.

The Greeks voted no to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".


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  • (Score: 0) by Anonymous Coward on Monday July 06 2015, @03:38PM

    by Anonymous Coward on Monday July 06 2015, @03:38PM (#205669)

    The bailout money is not going to Greece, it is going to the banks that lend money to it. It is the member states of Europe bailing out their own banks and making Greece pay for it.
    I think my assumptions about 'your' motivation is accurate, you (the banks) wanted to make a nice buck from someone else misery.

  • (Score: 0) by Anonymous Coward on Monday July 06 2015, @04:19PM

    by Anonymous Coward on Monday July 06 2015, @04:19PM (#205709)

    *sigh* You're walking in circles. Good luck with your bankruptcy.

    • (Score: 1, Insightful) by Anonymous Coward on Tuesday July 07 2015, @12:05AM

      by Anonymous Coward on Tuesday July 07 2015, @12:05AM (#205911)

      Not the GP. Let me quote from Wikipedia:

      With regard to Germany in particular, a Bloomberg editorial noted that, before its banks reduced its exposure to Greece, "they stood to lose a ton of money if Greece left the euro. Now any losses will be shared with the taxpayers of the entire euro area."

      That appears to have been the whole damned point of the exercise: privatise the profits, socialise the losses, and have someone to blame.

      You're happily accepting that line.

      • (Score: 0) by Anonymous Coward on Tuesday July 07 2015, @06:17AM

        by Anonymous Coward on Tuesday July 07 2015, @06:17AM (#206001)

        Again, that is not and was not the motivation of the taxpayers who are currently saddled with Greece's debt and from whom Greece asks another bailout. Why would the taxpayers want to privatize profits and socialize losses? I am fully aware that this was an effect of the bailout, but the motivation was something else: To prevent a situation like we're seeing in Greece now, with banks closed and bankrupt, but for all of Europe and possibly more. Without the bailout, Greece's bankruptcy would also, without a doubt and no delay, have crashed several other countries. As regrettable as the socialization of losses is, the taxpayer couldn't really let that happen just to spite the private investors.

        • (Score: 0) by Anonymous Coward on Tuesday July 07 2015, @02:53PM

          by Anonymous Coward on Tuesday July 07 2015, @02:53PM (#206129)

          the taxpayers currently holding the bag had nothing to do with the decision for the bailout, that was made by the top EU politicians and bankers, the public had no say

          • (Score: 0) by Anonymous Coward on Tuesday July 07 2015, @03:28PM

            by Anonymous Coward on Tuesday July 07 2015, @03:28PM (#206140)

            OK, you got me. We're evil slave drivers and seek to subjugate the proud Greek people to pay for our lavish lifestyles. Good luck with your bankruptcy. Maybe seeing how life is without Germany "exploiting" you will sober you up. In all of history, that has never happened though. It always takes at least two generations before people understand what went wrong.

            Reminder: A big majority in Greece wants to stay in the Eurozone. Ask those people why, maybe they can explain it to you better than I can.