Browsing All posts tagged under »Greece Bailout«

The Greeks Run Out Of Other People’s Money

July 1, 2015 by

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By Andrew Bolt ~ Sound familiar? The problem with Greece is that it wanted to develop a modern country with benefits for all, especially those that vote. Tertiary students were given free education, lodging and books. Greece was generous to those with large families. There were inbuilt systems of local protectionism to guard against competition. […]

Greece Demands $300+ Billion In War Compensation From Germany

April 8, 2015 by

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By Andrew Bolt ~ A scoundrel government is now trying moral blackmail rather than reform: The Greek government says Germany owes Greece nearly €279bn (£204bn; $US303bn) in war reparations for the Nazi occupation during World War Two. It is the first time Greece has officially calculated what Germany allegedly owes it for Nazi atrocities and […]

Greece Considers Raiding The Pensions Piggy Bank

March 14, 2015 by

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By Andrew Bolt ~ Here’s something for Greens supporters and more reckless Labor voters here in Australia to consider. You really cannot build a social welfare utopia on borrowed money. At some stage you will devastate the very people you purport to help: Greece’s government has confirmed that it may raid the country’s pensions and […]

Australia’s Prime Minister Julia Gillard Rushes Where Europe Fears To Tread

November 6, 2011 by

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By Andrew Bolt Everyone else seemed to think it could be throwing good money after bad: Global policy makers demanded more details of a week-old rescue package before they commit fresh cash to the International Monetary Fund, which could then lend to Europe’s bailout facility, German Chancellor Angela Merkel said at the end of a […]

The Growing EU Catastrophe Explained (Twice)

November 2, 2011 by

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By Andrew Bolt This video was posted at You Tube by davidzdavid And to add to the wildness, Greece calls a plebescite on the EU bailout of its basketcase economy: The decision by George Papandreou to hold a plebiscite will – assuming the Greek government does not collapse in the meantime – mean at least […]

Greece Is the Word

June 19, 2011 by

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By Frank Salvato Greece, the cradle of democracy, is experiencing chaotic violence at the hands of Socialists and anarchists. That country’s Socialist government has come to a moment in time – like most Socialist and Marxist enterprises – when the system has failed. The promises of the Nanny State and prefectorial centralized government have come […]

Have We Crossed the Point of No Return?

May 21, 2010 by

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By Philipp Bagus –  Mises Daily A specter is haunting the world, and especially Europe: the specter of a sovereign insolvency. The acute sovereign-debt crisis is largely the result of government interventions in response to the financial crisis. As Austrian business-cycle theory explains, the credit expansion of the fractional-reserve-banking system had caused an unsustainable boom. […]

Sorting Out Global Grievances

May 18, 2010 by

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By Alan Caruba “Cry havoc and let slip the dogs of war!” – Shakespeare, Julius Caesar Every couple of decades, the world needs to sort out its various grievances. The most common mode of doing this is war and it is a truism of war that those waging it, successfully or not, sooner or later […]

Gray Outlook

May 12, 2010 by

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I did this cartoon on Sunday night. It thumbs its nose at Europe, laughs at their troubles, and makes a metaphor out of the volcanic cloud of ash. This kind of prideful behavior is, of course, a big no-no in Jewish culture. Acting with the degree of boastfulness that I exhibited in this cartoon simply […]

How The U.S. Can Become Greece

May 11, 2010 by

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By Alan Caruba I find it interesting that an entire nation like Greece can face bankruptcy. Greece will be loaned billions that it is not likely to ever repay. Meanwhile, Spain, Portugal, Italy, and Ireland are financially shaky as well. England is not much better off and the United States is printing money in the […]