Riksbanken ser ut som en byggnad från gråa Sovjet. Kanske passande för vi står inför ett införande av planekonomi i hela BIS-systemet.
Därmed har börsens bankindex tappat 63 procent av sitt sammanlagda börsvärde – eller 120 miljarder kronor – sedan marknaden öppnade för handel i måndags efter fem veckors uppehåll, skriver Brage Norin – fysiker och kinakännare.
Enligt en rapport från det brittiska statliga konjunkturinstitutet NIESR behöver Grekland lätta på skulderna med 95 miljarder euro, cirka 900 miljarder kronor. (EGEN kommentar: Statsskulden måste skrivas ner närmare 1 000 svenska miljarder för att landet ska ha en chans att ta sig ur krisen).
”Om trojkan fortsätter att insistera på orealistiska mål kommer den grekiska ekonomin fortsätta att vara i depression”, skriver institutet.
Beskedet om 95 miljarder euro är långt över vad som ansågs vara nödvändigt för den grekiska ekonomin att komma på fötter igen.
Vid lunch hade kompositindex i Aten tappat 3,9 procent totalt. Sämst gick det för bankerna, som hade tappat 26 procent – nära maxgränsen på 30 procent enligt handelsrestriktionerna som råder på börsen.
Därmed har börsens bankindex tappat 63 procent av sitt sammanlagda börsvärde – eller 120 miljarder kronor – sedan marknaden öppnade för handel i måndags efter fem veckors uppehåll.
Den största av bankerna, National Bank of Greece, hade tappat 19 procent vid lunch. Alpha Bank, med näst störst marknadsvärde av de fem som ingår i index, tappade 30 procent, likaså Piraeus Bank.
ETT ANNAT CITAT FRÅN PRESSEN
”Sugen på en egen ö med havsutsikt och egen sandstrand?” Grekland säljer nu ut sina öar för att undvika statskonkurs”.
Varför inte sälja Gotland och Öland?
frågar sig Brage Norin – Skogså Tankesmedja
…….
Helena Palena 
REPLY…
No one seems to consider the total hypocrisy of what Merkle is doing in response to the Greek debt.
1. Which nation started World Wars 1 and 11?
2. Did the Germans not find themselves in an extreme debt problem post World War 11?
3. Didn’t the US, France and Britain give debt relief?
What then makes the Germans so self-righteous in demanding the austerity imposed, which in economic/financial terms is the height of stupidity, because one cannot impose austerity in an already depressed economy; for the US did the exact opposite of what the Greeks are being asked to do.
A. President F.D. Roosevelt of the US during the Great Depression established huge publicly funded government projects to provide employment for the unemployed – did he not?
B. He established National Parks.
C. He established the minimum wage for the first time in the US.
D. He established social security ( i.e. he did not cut pensions, but ensured a living wage and that at retirement age of 65 the population received payments until each contributor died – which is the exact opposite of what Germany is imposing on the Greek pensioners who are being asked to accept cuts and payments below minimum wage).
E. He increased taxes in a progressive manner so that the rich paid their proportionate share of taxes and the poor paid proportionately relative to what they could afford to pay.
F. He got the outstanding debt reduced by a 50% write off.
G. He negotiated the debt repayment of the balance 50% so that the repayment period was spread over a 30 year period to cushion any adverse effect on the national economy ( i.e. there was enough money available for the government to make debt repayment and still fund public needs – schools, hospitals, the fire service etc.)
It would be stupid for Greece to sell off two islands which are national assets that can generate money for the Greek state over time. Why sell a house when the householder can collect rent for the entire life of the house?
I am indeed saying that the German approach is deeply hypocritical. I am also saying that the idea of inflicting more austerity in an already depressed economic environment is not just a recipe for partial, but total economic disaster. The can will be kicked down the road and when the next round of debt repayment period(s) arrive the primary debt will remain unpayable and will be substantially larger.
The real problem is that at Roosevelt’s time it was the politicians who could dictate to the bankers, the rich, the business owners etc. and set public policy that worked in the national interest , such as progressive rates of taxation that are fair, and that was why Roosevelt was re-elected four times. The Republicans ensured that that would never happen again and term limits of two terms became law. So, Obama will be out and cannot be re-elected, but unlike Roosevelt, it was not his choice how to respond in the national interest to the Bankers and Wall Street financial interests ; it was the financiers who paid for Obama and the entire political directorate is similarly bought, so the interests of the people get sold out to the 1% and Merkle is absolutely no different. That is the real Greek problem!
GillaGilla
Jag står till 100% bakom en försäljning av Öland och Gotland om köparen är Putins Ryssland. Jag skall då omedelbart ansöka om att få flytta dit.
GillaGilla
Jag kommer också att göra ansökan. Kommer att kännas underbart att ha en riktig ledare, någon jag kan ha respekt för.
GillaGilla
Courtenay: Nice points! But who started WW1 and WW2 and are triggering for a big blast again? No country or people can be blaimed. Those who controls the banking system are the sinners. What can Merkel do? Really! More then play her role given the scene. Today the bankers reins over the politruks! I should be the other way around. Of course! A russian saying: When the money talks, the truth is silent.
GillaGilla