A world in economic crisis

Tackling the Debt Crisis: Lazy Greek Anarchists riot again

Posted in Greece by Aussie on December 16, 2010

Tackling the Debt Crisis: Protests in Europe Ahead of Euro Summit – SPIEGEL ONLINE – News – International

Make no mistake about this: the rioters in Greece are anarchists and Marxists. They are a lazy group who want everything their way. They want to be paid for doing nothing and contributing nothing to the general well-being of Greece.

The riots in Greece were orchestrated with union protesters in France, Spain, Belgium, Luxembourg, Denmark and the Czech Republic against the austerity measures that have been introduced.

The Greek demonstrations became violent when masked protesters clashed with riot police. This is not unusual when anarchists are involved in these protests. Everywhere there has been a G-20 meeting has ended up in rioting, and violent clashes with the police. It is the modus operandi of the anarchists to have these violent protesters. They continue to do great harm to the economies of sovereign nations as a result of their selfish actions.

The Greek Parliament had agreed on Tuesday to make further reforms including wage cuts for state-owned bus and railway companies and a weakening of trade union power to negotiate industry-wide pay deals. The change sees company wide pay deals taking precedence over industry wide pay deals (which is fair because it increase competition for labour).

I see the Welfare State in Europe as a critical factor in the demise of each of these economies. Greece has been the best example of a basket case country due to the Welfare State. The reforms in Greece have been necessary and the Greeks need to simply pull their fingers out in order to restore the health of the Greek economy. They need to stop being dependent upon the Government and they need to look at ways of producing goods that they can trade with other countries. I do know that Greece produces a nice cotton product that can in turn be knitted or crocheted. They have other products such as olives and with the Mediterranean climate they should be producing wine and grapes.

In the meantime, I get the sense from these reports that perhaps we are seeing the beginning of the end for the European union.

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7 Responses

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  1. Frez said, on December 16, 2010 at 11:12 pm

    Beneficial info and excellent design you got here! I want to thank you for sharing your ideas and putting the time into the stuff you publish! Great work!

  2. Carlyle said, on December 21, 2010 at 10:17 am

    VERY interesting:


  3. Carlyle said, on December 23, 2010 at 5:39 am

    Primarily for us Americans, buy y’others need to wise up also!

    Important Economic Lesson

    This is a bit of a tough slog if you are not “economically literate” – but if you do not understand this, and if you do not elect legislators who understand this – then you are SCREWED. Not some generic “you”, not some “other” you like fat cats, but YOU specifically and personally. We are heading – like surging flood waters – into a dramatic plunge in inflation. The means severe devaluation of the USD. Your entire financial well-being is based on dollars – stocks, bonds, real estate, other investments, banking accounts, your salary, cost of commodities – EVERYTHING. And to swerve off into another metaphor: Commander Zero and his Flying Monkeys are pouring gasoline on the fire. (ask yourself “why?”)

    Here is one of the numerous key concepts:

    Loan growth depends on banks’ confidence in borrowers, and on borrowers’ confidence in their business plans. Such confidence, in turn, depends on such factors as a government that protects property rights, does not threaten business owners with regulation, mandates and tax increases, and has its own financial affairs in order. Such confidence also depends on bank and business perceptions that neither government nor Fed policy is to prop up asset values artificially.

    Read the whole thing:


  4. Carlyle said, on December 26, 2010 at 3:58 pm

    Is this true? Are there any lessons-learned for us here in Obamaland?

    Welcome to the December 3rd edition of the Urban Survival Newsletter.

    This week we’re going to talk about the partial collapse of the
    Australian Banking System last week.

    Specifically, we’ll talk about how their efforts to become as efficient as
    possible had an unintended consequence of making them less stable
    and more vulnerable to catastrophic failures.

    I’ll also tell you about 8 critical systems that you depend on every day
    that suffer from the exact same problem and simple ways that you can
    prepare yourself and your loved ones.


    Know anyone who’d appreciate this? Please forward it on.

    David Morris

    Facebook.com/SurvivalDave < Follow me on Facebook and Twitter as a backup to email and for priority notification!

    • Aussie said, on December 27, 2010 at 9:43 pm

      The alleged partial collapsed happened when I was out of the country. I need to research some information regarding the banking situation. I thought that Australia still had the Statutory Reserve Deposits.

      When I have a moment I will have to put in the research and get myself up to date, because the banking regulations did change when banks were de-regulated, and I am not sure how far the actual deregulation went especially in regard to the Statutory Reserve Deposits.

      Meanwhile, the big 4 remain safe and I am not aware of any situation where there was a run on the banks. (That might have happened when we were on the high seas, rolling around in the waves of the Tasman Sea – oh I am going green thinking about it!!! ROFL…)

  5. Carlyle said, on January 13, 2011 at 3:21 am

    Are you near the floods? We see only a brief news summary here. No way to imagine the totality of the horror. GOD SPEED.

    • Aussie said, on January 16, 2011 at 1:03 pm

      There are floods in Queensland, Victoria and Tasmania at the present time. The worst of these are in Queensland. I live in the ACT, which is Canberra and am hundreds of miles away from the floods.

      However, I have a niece living in Rockhampton, and she is save. Her family home is on high ground so that they did not get flooded. Also, my sister-in-law lives near Brisbane, but she is not in the affected area, and I assume she and her family are safe and well.

      Since Queensland is in the tropics, and there is a wet season plus dry season, it is no surprise that there are floods. The real problem here is that the Queensland government people believed the watermelons, that the rains had dried up and that there would be no more flooding. Toowoomba is a good example of the power of this kind of bad thought process. This is the town where there was a tsunami of sorts – a wall of water that devastated the whole area. The local government authority decided on a beautification around one of the two creeks that became swollen. They were more concerned about aesthetics than common sense.

      I am preparing to blog on this subject – not here but on another blog or two – since I have been through floods in the past, and it really bothers me that those in charge of the zoo cannot comprehend the idea that people should not be building on flood plains.

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