The National Debt Clock.

Related Posts with Thumbnails

Theodoros Pangalos, don't mention zee war....

The Greek Deputy PM, Theodoros Pangalos, gave me a good laugh. See Greece has a few fiscal problems and so like politicians everywhere, he is desperate to blame someone hell anyone except his government. Still playing the German card is a good one, excpet it is likely to be those same Germans who as part of the EU who will be bailing out Greece: 
"They took away the Greek gold that was at the Bank of Greece, they took away the Greek money and they never gave it back.  I don't say they have to give back the money necessarily but they have at least to say "thanks".   And they shouldn't complain so much about stealing and not being very specific about economic dealings."
Basil Faulty in Faulty Towers would be proud of Mr Pangalos.

I wonder if Gordon Brown is also planning to blame that nasty Mr Hitler for the state of this lands financial problems as well...

4 people have spoken:

Ron Russell said...

Our president plays the blame game quite well---all his problems are Bush's fault. The Greeks should quite crying and look at the real problem---socialism!!!!

banned said...

Is Theodoros Pangalos seriously blaming Nazi looting of Greek gold 70 years ago for the parlous state of his economy now?

Anonymous said...

I think Banned, that he is making a non too subtle allegory of the German Nazi looting of the Greek state's treasury and The current state of Greece's treasury.

The "engineered" burying of Greece's true indebtedness was facilitated by way of Credit Default Swaps thingies sold by Goldman Sachs (of World Banking Collapse and Bailout Fame) and non other than Deutche Bank!

In fact the German banking industry, followed by the French one are the biggest creditors of Greece.

Taking the PIIGS all together Germany is by far the biggest parcel holder if the music stops. Germany didn't actually loot Greece this time, not this time, they just allowed the situation to develop that they now control Greece like we, economically, used to control the Empire.

The Germans would just love for all the EU countries to bail them out, a la Goldman Sachs, especially if the dominoes fall. That way they get their debt repaid and the Bundesbank, aka the European Central Bank gains even more German power.

So, to answer your question, yes the Greeks are blaming the Germans for the living beyond their means, Incidentally, it was not Pangloss's government who ran the debt up. It was the previous, I think socialist one, who did it and then ran away.

banned said...

Thank you for that Bugger, most illuminating.