Re: Β.Σόϊμπλε - Καταστροφέας Οικονομικών Κόσμων
Δημοσιεύτηκε: 13 Ιούλ 2024, 18:32
Τα αυτονοητα!
Σε άλλο βιντεο , απολαύστε διάλογο Έλληνα vs Γερμανού!
Ο Γερμανός κατηγορεί σε επόμενο σχόλιο τον Έλληνα για σύνδρομο Στοκχόλμης (μαζοχισμός)
Έλληνας:
I live in Greece and I’m 16 years old at this time.Back then when the crisis first started I didn’t understand much.I remember my father always complaining about the government and troika.Everyone in every place I went was talking about debt and high taxes.Of course i was so young to understand what was going on and I was always asking others why EU “hates” Greece so much .The people seemed angry and mostly frustrated blaming Germany for the crisis and thus I was convinced that my country was right and Germany wrong.Well I’m studying Financial and Economy right now and the only one who needs to be blamed is the former greek governments
Γερμανός
@Konterfeit
πριν από 2 έτη
no, that's not entirely true. I'm german and we're not the good guys in this story. The video is misleading by only showing the faults of the greek side and not the faults of the others.
First of all:
And the Euro crisis is part of the aftermath of the global financial crisis. Greece in the Euro crisis (it was not just a greek crisis, Ireland, Portugal, Italy and Spain were affected as well and were helped, too) were the weakest links in the chain of Euro countries. The fact that it hit Greece was the fault of Greece itself. But the fact, that it hit SOMEONE was not.
My home state Saxony for example also heavily invested into credit default swaps through a state bank. That bank not only went bankrupt but also accumulated massive amount of debts and was given away to a bank in western Germany with the saxon state also assuming a massive liability in case of further failure.
When the Euro crisis started it also wasn't just a natural cause, it was a coordinated speculative attack. A lot of money was bet on Greece defaulting on its debt and the Eurozone not coming to help it because before the Euro crisis helping other countries with their debt was explicitly not part of the Eurozone agreement. And that was the money that used to be in the housing market but had nowhere to go after the financial crash.
Another instance where that money was used to sinister effects was the global food markets, where it drove the demand and thus the price of food to huge heights, which caused the famine in Haiti (they were forced to produce cash crops for the global markets due to neocolonial financial policy which compromised their own food security. When food prices on the global markets went up, that backfired massively as many Haitians had no way of getting food and many died.)
It took the other european countries a long time to react properly to the Euro crisis, because such decisions basically have to be made unilaterally and many countries thought that all this happened because southern europeans are lazy and so they didn't want to pay for laziness, even though greek workers for example have longer work weeks on average than german workers do.
The german minister of finance at the time, Wolfgang Schaeuble (a proven corrupt criminal btw.) explicitly used the opportunity to "teach Greece a lesson".
He was the one who enforced austerity measures on an ailing economy instead of combining a proper reform of taxation with investments, knowing full well it would plunge the country into a deep recession (costing lives btw., child mortality in Greece skyrocketed when the public sector was basically being ruined willfully).
Maybe he had ultimately good intentions, but it was a grim reminder of how for example the "irish potato famine" played out and the way to hell is paved with good intentions.
Anyways this whole thing only fired up the speculative attack on Greece and since it all looked so bad and it didn't look like Europe was going to help and everyone thought Greece would default sooner or later, so noone wanted to lend them money anymore. Their interest rates climbed to astronomical heights.
Germany has loads of debt, too, and if we suddenly had to pay that interest rate, we'd basically be directly on our way to bankruptcy, too. But what happened instead was: Everyone was perceiving Germany as a "safe bank" (which in reality we aren't - at least not any more than other countries) and wanted to invest in Germany instead.
It was absolutely bonkers. People actually PAID Germany so we would borrow their money. We had NEGATIVE interest rates for money lent to the German state. So we borrowed money with a negative interest rate and then we lent that money to Greece for a rate that we ourselves would NEVER pay for a loan, not even in bad times.
Germany EARNED money on the bailout for Greece. (I mean there's a reason Portugal wanted out of that foul deal as soon as possible. And the greek minister of finance Varoufakis - an economics professor by the way - rightfully called us out for all our bullshit)
And not only that. When the greek government tried to cut military spending and wanted to cancel a deal for 2 german submarines, the german government directly intervened so that the Greeks would cut expenses somewhere else (presumably the social sector). They basically attacked the greek sovereignty to protect the interests of german companies.
And that all with the background of Germany being an extreme dick to everyone. We've been running a huge trade surplus for a long time now which means we exploit our trading partners by outcompeting them, ruining their industries and exporting unemployment and plunging them into debt and our companies exploit also the german population by not paying them wages that correspond with their overall productivity leading again to a subpar domestic demand and an increasing wealth gap (which is its own sack of bees). And with this we created an extreme imbalance that weakens the other european countries and created the basis for the Euro crisis in the first place.
The video here is one-sided af.
Εδώ το βίντεο που δείχνει σε 5 λεπτά, τα δικά μας λάθη
Σε άλλο βιντεο , απολαύστε διάλογο Έλληνα vs Γερμανού!
Ο Γερμανός κατηγορεί σε επόμενο σχόλιο τον Έλληνα για σύνδρομο Στοκχόλμης (μαζοχισμός)
Έλληνας:
I live in Greece and I’m 16 years old at this time.Back then when the crisis first started I didn’t understand much.I remember my father always complaining about the government and troika.Everyone in every place I went was talking about debt and high taxes.Of course i was so young to understand what was going on and I was always asking others why EU “hates” Greece so much .The people seemed angry and mostly frustrated blaming Germany for the crisis and thus I was convinced that my country was right and Germany wrong.Well I’m studying Financial and Economy right now and the only one who needs to be blamed is the former greek governments
Γερμανός
@Konterfeit
πριν από 2 έτη
no, that's not entirely true. I'm german and we're not the good guys in this story. The video is misleading by only showing the faults of the greek side and not the faults of the others.
First of all:
And the Euro crisis is part of the aftermath of the global financial crisis. Greece in the Euro crisis (it was not just a greek crisis, Ireland, Portugal, Italy and Spain were affected as well and were helped, too) were the weakest links in the chain of Euro countries. The fact that it hit Greece was the fault of Greece itself. But the fact, that it hit SOMEONE was not.
My home state Saxony for example also heavily invested into credit default swaps through a state bank. That bank not only went bankrupt but also accumulated massive amount of debts and was given away to a bank in western Germany with the saxon state also assuming a massive liability in case of further failure.
When the Euro crisis started it also wasn't just a natural cause, it was a coordinated speculative attack. A lot of money was bet on Greece defaulting on its debt and the Eurozone not coming to help it because before the Euro crisis helping other countries with their debt was explicitly not part of the Eurozone agreement. And that was the money that used to be in the housing market but had nowhere to go after the financial crash.
Another instance where that money was used to sinister effects was the global food markets, where it drove the demand and thus the price of food to huge heights, which caused the famine in Haiti (they were forced to produce cash crops for the global markets due to neocolonial financial policy which compromised their own food security. When food prices on the global markets went up, that backfired massively as many Haitians had no way of getting food and many died.)
It took the other european countries a long time to react properly to the Euro crisis, because such decisions basically have to be made unilaterally and many countries thought that all this happened because southern europeans are lazy and so they didn't want to pay for laziness, even though greek workers for example have longer work weeks on average than german workers do.
The german minister of finance at the time, Wolfgang Schaeuble (a proven corrupt criminal btw.) explicitly used the opportunity to "teach Greece a lesson".
He was the one who enforced austerity measures on an ailing economy instead of combining a proper reform of taxation with investments, knowing full well it would plunge the country into a deep recession (costing lives btw., child mortality in Greece skyrocketed when the public sector was basically being ruined willfully).
Maybe he had ultimately good intentions, but it was a grim reminder of how for example the "irish potato famine" played out and the way to hell is paved with good intentions.
Anyways this whole thing only fired up the speculative attack on Greece and since it all looked so bad and it didn't look like Europe was going to help and everyone thought Greece would default sooner or later, so noone wanted to lend them money anymore. Their interest rates climbed to astronomical heights.
Germany has loads of debt, too, and if we suddenly had to pay that interest rate, we'd basically be directly on our way to bankruptcy, too. But what happened instead was: Everyone was perceiving Germany as a "safe bank" (which in reality we aren't - at least not any more than other countries) and wanted to invest in Germany instead.
It was absolutely bonkers. People actually PAID Germany so we would borrow their money. We had NEGATIVE interest rates for money lent to the German state. So we borrowed money with a negative interest rate and then we lent that money to Greece for a rate that we ourselves would NEVER pay for a loan, not even in bad times.
Germany EARNED money on the bailout for Greece. (I mean there's a reason Portugal wanted out of that foul deal as soon as possible. And the greek minister of finance Varoufakis - an economics professor by the way - rightfully called us out for all our bullshit)
And not only that. When the greek government tried to cut military spending and wanted to cancel a deal for 2 german submarines, the german government directly intervened so that the Greeks would cut expenses somewhere else (presumably the social sector). They basically attacked the greek sovereignty to protect the interests of german companies.
And that all with the background of Germany being an extreme dick to everyone. We've been running a huge trade surplus for a long time now which means we exploit our trading partners by outcompeting them, ruining their industries and exporting unemployment and plunging them into debt and our companies exploit also the german population by not paying them wages that correspond with their overall productivity leading again to a subpar domestic demand and an increasing wealth gap (which is its own sack of bees). And with this we created an extreme imbalance that weakens the other european countries and created the basis for the Euro crisis in the first place.
The video here is one-sided af.
Εδώ το βίντεο που δείχνει σε 5 λεπτά, τα δικά μας λάθη