U.S. Treasury Secretary Jacob Lew and IMF Managing Director Christine Lagarde said Greece’s debt burdens would overwhelm the country without eurozone lenders, particularly Germany, reducing its overall debt load.
“Greece’s debt is not sustainable,” Mr. Lew said. “The real question is, can [Greece] make the changes that will satisfy Europe to put in place the kind of debt restructuring that needs to be there.”
In the affluent suburb of Nea Erythrea, north of Athens, Iosif Perdikaris, a 72-year-old pensioner suffering from diabetes, was looking for insulin,
“How am I supposed to manage my diabetes without my insulin?” Mr. Perdikaris screamed at the pharmacist.
He said he was starting to regret voting against creditors’ terms for a bailout in last Sunday’s referendum.
“I voted ‘no’ and now look at this,” he said. “I can’t get my medications, and next week we may be using drachmas.”
Thursday, July 9, 2015
"Fear Grows in Greece as Decisive Hour Nears"
"Greece requested a new three-year bailout from its skeptical eurozone creditors and pledged some economic overhauls on Wednesday."
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Greeks, of course don't pay their income taxes. Hence the government has insufficient revenue, and has to borrow money which it cannot pay back.
Not sure where, but I've heard of this problem happening someplace else.
Where are Mrs. Clinton's tax returns?
Why is it the media only care about R tax returns?
Xerxes was right to cut his losses.
U.S. Treasury Secretary Jacob Lew and IMF Managing Director Christine Lagarde said Greece’s debt burdens would overwhelm the country without eurozone lenders
The same house of cards propped up by the same people.
"I didn't know my no vote would have consequences."
No more grasshopper days for you.
Greece has been a member of NATO since 1952, but also has commercial, cultural and religious ties with Russia.
Since his election in January, the left-wing government of Prime Minister Alexis Tsipras has sought to develop that relationship, visiting President Vladimir Putin and signing a deal to open a Russian gas pipeline across Greece next year.
"The very big risks of the Greek debt crisis"
Villain (with moustache and German accent): You must pay the rent!
Damsel in distress (with moustache and Greek accent): But I can't pay the rent!
Villain: You must pay the rent!
Damsel in distress : But I can't pay the rent!
Hero (with Russian accent): I'll pay the rent!
Damsel in distress : My hero!
Damsel in distress (with Portuguese accent): My hero.Pay my rent!
Damsel in distress (with Italian accent): My hero.Pay my rent!
Damsel in distress (with Spanish accent): My hero.Pay my rent!
Damsel in distress (with Irish accent): My hero.Pay my rent!
Damsel in distress (with Puerto Rican accent): My hero.Pay my rent!
Villain (with moustache and German accent): You must pay the rents!
Hero in distress: Curses! Foiled again!
I voted ‘no’ and now look at this,” he said. “I can’t get my medications, and next week we may be using drachmas.
Drachma Queen
They voted their emotions and now, three days later, real life consequences occur. The same thing accounts for Obama voters but the real life consequences will not be publicized until the next guy gets into office.
We'll see.
Looks like things are on a trajectory now and even the Messiah may not be able to alter it.
These "person on the street" quotes coming out of Greece are so illustrative of the lack of thinking on the part of socialist drones.
I was told that if I voted for the Utopian candidate that there would be Utopia. And I would be able to keep my doctor, prescriptions, ... and money.
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