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Title: Greek deal doesn’t dispel growth worries
Source: Wall Street Journal
URL Source: http://articles.marketwatch.com/201 ... _euro-zone-euro-zone-debt-swap
Published: Feb 12, 2012
Author: William L. Watts
Post Date: 2012-03-13 00:09:52 by lucysmom
Keywords: None
Views: 2881
Comments: 8

FRANKFURT (MarketWatch) — Fears that added layers of austerity will undercut Greek growth and undermine efforts by Athens to slash its debt pile to a sustainable level threatened to overshadow relief sparked by a long-sought agreement Tuesday to extend the country a second bailout, economists said.

The Financial Times reported Tuesday that a 10-page analysis of Greece’s debt sustainability prepared for the euro-zone ministers last week found that additional austerity measures being forced on Greece risk creating a recession so deep that Greece won’t manage to whittle down its debt load over the course of the new bailout.

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#1. To: lucysmom (#0)

Nothing's been agreed to.

And anywaym Greece will get nothing of the 'bailout'.

First and foremost the banksters get the lucre.

11 000 Greek pensioners get wipped out by this 'deal'.

mcgowanjm  posted on  2012-03-13   9:08:13 ET  Reply   Trace   Private Reply  


#2. To: mcgowanjm (#1)

11 000 Greek pensioners get wipped out by this 'deal'.

Either the authors of austerity are insane, doing the same thing over and over again expecting a different result, or that's the point.

Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady

lucysmom  posted on  2012-03-13   9:24:08 ET  Reply   Trace   Private Reply  


#3. To: lucysmom (#2)

Either the authors of austerity are insane,

Yes, they are insane.

As they see no other way to 'grow' their wealth now that PeakOil has passed and no more debt can be created.

"Stage three—Usurping democracies and cannibalizing functioning capitalism

A cartel of international wealth counterfeiters have boldly made claims on Greece’s national wealth through super-national entities like the European Central Bank. These claims are not backed by clear legal authority or logic, but they are being enforced anyway, administered by unelected technocrats and “agreed to” by complicit politicians acting against the interests of actual citizens.

Greece (with more countries to come) is being treated like a company town where “costs” (i.e. social services) are to be cut, productivity milked through greater taxation, and debt servitude reinforced. Corrupted capitalism continues thus to metastasize. Now that phantom paper profits are collapsing for the counterfeiters, real assets must be taken over to fill in the gaps.

http://www.oftwominds.com/blog.html

" A growing body of psychology research shows that incompetence deprives people of the ability to recognize their own incompetence. To put it bluntly, dumb people are too dumb to know it. Similarly, unfunny people don't have a good enough sense of humor to tell.

This disconnect may be responsible for many of society's problems.

No kidding! Ya' think?...8D

mcgowanjm  posted on  2012-03-13   9:33:44 ET  Reply   Trace   Private Reply  


#4. To: All (#3) (Edited)

The Afghan Pop is approx 30 000 000.

We've killed over 1 million.

in 11+ years.

The trick is not that we've killed genocided the Afghans, but that the State has been able to get away with it. Same with 'financialization'.

Til now. AP and others, with this story, for the first time I've seen, are now giving two+ versions.

And U pic 'em....;} Guess they'll start doin' the same across the board. Multiple endings...like those movie DVD's and two alternate endings.

" ... With more than a decade's worth of research, David Dunning, a psychologist at Cornell University, has demonstrated that humans find it "intrinsically difficult to get a sense of what we don't know." Whether an individual lacks competence in logical reasoning, emotional intelligence, humor or even chess abilities, the person still tends to rate his or her skills in that area as being above average....;}

mcgowanjm  posted on  2012-03-13   9:42:48 ET  Reply   Trace   Private Reply  


#5. To: mcgowanjm (#3)

...the fraying of Greece’s current social and political order sends a strong signal for the future of the wider world: Passivity equates with more abuse and exploitation, more austerity, and greater hijacking of national and personal assets. Active, civil resistance is necessary to stop the loss of public sovereignty to private interests. Creative, viable alternatives to the currently corrupt and fraud-ridden global economic system are vital.

Is there any doubt as to why OWS had to be contained?

Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady

lucysmom  posted on  2012-03-13   10:01:37 ET  Reply   Trace   Private Reply  


#6. To: mcgowanjm (#4)

" ... With more than a decade's worth of research, David Dunning, a psychologist at Cornell University, has demonstrated that humans find it "intrinsically difficult to get a sense of what we don't know."

I guess if it weren't difficult, it wouldn't have taken a decade of research.

Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady

lucysmom  posted on  2012-03-13   10:04:36 ET  Reply   Trace   Private Reply  


#7. To: lucysmom (#6) (Edited)

I guess if it weren't difficult, it wouldn't have taken a decade of research.

Lulz....thanx for that...8D

I've always been looking for the eazy project that takes a decade of research. Maybe that's been a mistake?

mcgowanjm  posted on  2012-03-13   11:19:42 ET  Reply   Trace   Private Reply  


#8. To: lucysmom (#5)

Is there any doubt as to why OWS had to be contained?

There's really no doubt about anything now to me.

Paradoxically, when I think this is Planet Hell, my mental state improves.

Cause anything we accomplish flies in the face of this reality....;}

mcgowanjm  posted on  2012-03-13   11:23:07 ET  Reply   Trace   Private Reply  


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