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View Full Version : Sarkosy looses French Presidency and the Greeks go feral



skuthorp
05-06-2012, 03:29 PM
and exit polls in Greece leave the two majors with maybe 35% of the vote. Sarkosy is the 11th national leader to fall since the GFC. Greece will likely have an unstable coalition of the hard left and right for a week or three and go round again. All agreements with Brussels are likely in limbo if not void. In Greece an "alternative currency" - more or less vouchers and barter is becoming common even amongst professionals and a far right party is set to enter parliament. Hollande has vowed to 'renegotiate' current agreements but has a very narrow margin. But Greece is the concern.
http://world.myjoyonline.com/pages/news/201205/86105.php
http://news.nationalpost.com/2012/05/06/greek-voters-abandon-pro-bailout-parties-in-election-exit-polls/

It aint over yet folks.

Donn
05-06-2012, 03:31 PM
"Loses."

skuthorp
05-06-2012, 03:35 PM
Meh.......

Gerarddm
05-06-2012, 09:03 PM
...both of which could negatively effect Obama's chances in November.

PeterSibley
05-06-2012, 09:20 PM
Yep, now watch the markets drop. Deals were made with administrations that no longer exist , that's a problem !

elf
05-06-2012, 11:04 PM
The question is what is Merkel going to do now.

johnw
05-07-2012, 12:26 AM
and exit polls in Greece leave the two majors with maybe 35% of the vote. Sarkosy is the 11th national leader to fall since the GFC. Greece will likely have an unstable coalition of the hard left and right for a week or three and go round again. All agreements with Brussels are likely in limbo if not void. In Greece an "alternative currency" - more or less vouchers and barter is becoming common even amongst professionals and a far right party is set to enter parliament. Hollande has vowed to 'renegotiate' current agreements but has a very narrow margin. But Greece is the concern.
http://world.myjoyonline.com/pages/news/201205/86105.php
http://news.nationalpost.com/2012/05/06/greek-voters-abandon-pro-bailout-parties-in-election-exit-polls/

It aint over yet folks.

Hadn't heard that about an alternative currency. Got a link? It sounds interesting.

skuthorp
05-07-2012, 03:53 AM
Hadn't heard that about an alternative currency. Got a link? It sounds interesting.
"In return for his expert labour, Mavridis received a number of Local Alternative Units (known as tems in Greek) in his online network account. In return for the eggs, olive oil, tax advice and the rest, he transferred tems into other people’s accounts.


http://cryptogon.com/?p=28120
https://www.hellenext.org/reinventing-greece/2011/10/battered-by-economic-crisis-greeks-turn-to-barter-networks/

Vince Brennan
05-07-2012, 07:09 AM
Meh.......Neh... Donn's right. It's a tool. You wouldn't use a slick to open a varnish tin... even I, from my depths of despair and degradation still use the spell-checker.

Ian McColgin
05-07-2012, 07:27 AM
No, they have loosed the French presidency to run with the dogs.

tpelle
05-07-2012, 09:42 AM
The question is what is Merkel going to do now.

I'm betting that the Germans will solve their problems in their usual way - Invade!

wardd
05-07-2012, 09:51 AM
seems the europeans are tired of austerity

johnw
05-07-2012, 12:32 PM
"In return for his expert labour, Mavridis received a number of Local Alternative Units (known as tems in Greek) in his online network account. In return for the eggs, olive oil, tax advice and the rest, he transferred tems into other people’s accounts.


http://cryptogon.com/?p=28120
https://www.hellenext.org/reinventing-greece/2011/10/battered-by-economic-crisis-greeks-turn-to-barter-networks/

This is fascinating. I was interested in part because when I was in Italy in the early 1970s, there was a shortage of specie, and sometimes you'd get stamps or cheese as your change.

It occurs to me that Greece depends in part on consumption taxes, and Greeks are famous for tax avoidance, so I'm wondering if that is part of the attraction here. From Wikipedia:


The VAT tax in Greece is 4.5% to 23%. For all goods not belonging to any special category, the VAT is 23%. For Category 1 goods the VAT is 13%, and for Category 2 goods it is 4.5%. On some islands there is a VAT reduction for Category 1 goods to 13%.

Which means that goods are 4.5-23% cheaper in barter currency.

Plus, there's the political angle. I also wonder if the money supply has been restricted too much for the economy to grow without this.

johnw
05-07-2012, 12:35 PM
I'm betting that the Germans will solve their problems in their usual way - Invade!

There's a joke about that.

Angela Merkel arrives at the Athens airport. The customs man takes her passport, then asks, "occupation?"

"Not this time, just vacationing," Merkel replies.

beernd
05-07-2012, 12:59 PM
The question is what is Merkel going to do now.

She,s going to get out her rolling pin and whack some common sense in to that fairy tale telling son of a b#$%* :arg

johnw
05-07-2012, 02:39 PM
She,s going to get out her rolling pin and whack some common sense in to that fairy tale telling son of a b#$%* :arg

What's the point? Sarkozy is no longer in office.

hanleyclifford
05-07-2012, 06:17 PM
I'm betting that the Germans will solve their problems in their usual way - Invade! No, no, no......now is the perfect time for the Germans to get what they wanted in the first place - Lebensraum. But this time they just buy it from the socialist paupers!