Boots & Sabers

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1518, 06 Jul 15

Greece Votes for Own Demise


European leaders weighed their next steps Monday after Greece’s landslide rejection of bailout proposals and signs the emboldened government would now seek a new bid to reopen financial lifelines without its firebrand finance minister in the mix.

The resounding victory Sunday for Greeks who said “no” to European austerity demands — 61 percent in all — gave a much-needed boost to Greece’s battle-scarred leftist leaders.

But European leaders — in control of the funds that have kept Greece afloat — gave no immediate indication they would rush to make a deal even with Greece’s banks still closed and teetering on the edge of insolvency.

With cash dwindling in his nation’s ATMs, Greek Prime Minister Alexis Tsipras convened an emergency meeting of leaders from the country’s main political parties after Finance Minister Yanis Varoufakis announced his resignation.

Essentially, Greece is in total economic collapse because of their own stupid decisions and they just voted to poke the rest of Europe, who are the only people even thinking about bailing them out, in the eye. The only reason the rest of the world is even staying at the table is because Greece’s collapse could hammer global markets when Greece’s creditors lose their shorts. At this point, it might be better for all concerned to let Greece fall, take the hit, and let them back into the world economy when they get their act together.

In any case, the old adage holds true after all of these years… beware of Greeks bearing gifts.


1518, 06 July 2015


  1. Kevin Scheunemann

    Yet another in a long line of socialist countries to collapse causing pain for the poor and middle class. But hey, Obama and Hillary will get us there soon enough.

    Liberals will probably cheer at the economic collapse of this great country, they caused.

  2. dad29

    Umnhhh….yah…the Greeks are tax-cheats and their public “servants” are thieves.

    But riddle me this: when the IMF reported, TEN YEARS AGO, that Greek national debt was unsustainable, why did IMF and the ECB lend them more money?


  3. Mark Maley

    The debt will never be repaid

    The issue is having it stay on the books .

    Have to agree with dad .

    The IMF is the bartender who kept serving the guy with a .3 BA .

    10 years later they are stunned , stunned that
    Greece can’t pay .

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