“We have other ways of finding money. It could be the United States, it could be Russia, it could be China" said the Greek defence minister.Pow. Take that troika.
Maybe Greece can get the US, Russia and China in a bidding war.
Greece's radical new government has threatened to seek money from Russia and China to avert a financial crisis rather than yield to austerity demands from Europe, risking a dangerous political rift with the leading EU powers and a full-blown NATO crisis.The Telegraph
"We want a deal. But if there is no deal, and if we see that Germany remains rigid and wants to blow Europe apart, then we will have to go to Plan B,” said Panos Kammenos, the defence minister and head of the Independent Greeks party in the ruling coalition.
“We have other ways of finding money. It could be the United States at best, it could be Russia, it could be China or other countries,” he told Greek television. Mr Kammenos said Greece would prefer to leave the euro if membership means submitting to what he calls a “Europe under German domination.”
Greece threatens tilt to Russia and China unless Europe yields
Ambrose Evans-Pritchard, International Business Editor
4 comments:
Dishonest drivel. But then I wouldn’t expect anything else from a nation of tax dodgers. In view of Greece’s VERY LONG history of failing to pay its debts, which goes back nearly two hundred years, does the Greek defence minister really thing ANYONE will fall over themselves to lend the Greeks money?
As to Russia, the Russians aren’t flush with cash just at the moment, thus the claim that Greece would be after Russian money is yet another lie. What they’d really be after would be extracting a price from the West for NOT cosying up to Russia.
If the Greeks have any principles at all, I don’t know what they are.
Ralph I'm getting the idea you don't take a lot of holidays in Greece?
;)
I think many people in Europe don't like it when countries choose to have large governments and set wages for low skill work above where they think is 'fair'. I understand their position given their difficult history with socialism and suspicion of the pernicious ideology. Pragmatism is not however falling back into the old ways.
Ralph: In view of Greece’s VERY LONG history of failing to pay its debts
Well, Greece has a better record than Germany, the leading deadbeat of the last century. But people don't mind lending to Germany, accumulating German debt, because of their judgment of future prospects.
Greece cannot repay its debts in the current Eurozone. Austerity prevents debt repayment. Therefore, if the Troika Euroblob insists on austerity, debt repayment cannot rationally be its aim. This in turn probably has two causes, both true, both feeding on each other- (a) The Euroblob is insane and (b) The aim is not debt-repayment, but degradation. In any case, Greece or anyone else has every right to repudiate debts that creditors actively make unpayable, and to rebel against intentional degradation. Varoufakis understands this, perhaps not as clearly as one would hope.
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