Redpill me on the greek debt. Is it the fault of the Greek goverment for taking irresponsible loans...

Redpill me on the greek debt. Is it the fault of the Greek goverment for taking irresponsible loans, or did they get fucked over and tricked by the jews?

Other urls found in this thread:

youtube.com/watch?v=QWDKK0mpDSo
yanisvaroufakis.eu/2016/07/29/the-imf-confesses-it-immolated-greece-on-behalf-of-the-eurogroup/
gocstgeorge.com.au/
twitter.com/NSFWRedditVideo

lets see here
>greece doesnt make a cent off of their national roads
>greece doesnt make a cent off of many public programs
>greeks dont pay their taxes, often fraud is the case with many of the small businesses

its a mix between cultural issues and germans being total fucking ass holes.
douche bank makes billions on selling greek loan consolidated bonds because if you put enough BBB and shitier loans together you get a AA/AAA bond.

The Greek debt is Greece's fault, however how badly the problem was manged is Germany's fault

youtube.com/watch?v=QWDKK0mpDSo

>if you put enough BBB and shitier loans together you get a AA/AAA bond.

It doesn't work like that.

it does, though. theres a certain point that when you put enough shitty loans together theres reason to believe you'll get a decent return..

>Is it the fault of the Greek goverment for taking irresponsible loans, or did they get fucked over and tricked by the jews?

Both. The Greek government prior to 2008 invested in bazillions of things and overspent with the promise of a decent return (with the help of the EU credit rating), but after the global bank crisis in 2008 the return of these investments was equal to zilch. Hence the huge deficits. The Greek debt became almost twice its GDP. Default was the only option.

The global bank crisis of 2008 was caused by jews/banks and their huge AAA/BBB derivative clusterfuck.

To solve the crisis, the jews shifted blame from the failing European banks and restructured the debt to become publicly owned. This means that the EU has to implement new taxation on European citizens to pay for the banks to prevent them from failing.

Greece after that became an easy target for the banks. The IMF also came along who, either being ultra incompetent or a pawn of the banks, demanded debt repayment when the only option was default. The pay denbts meme was created.

Many memorandums and extremely hardcore austerity measures later, austerity measures that caused insane amounts of unemployment and a huge braindrain among the younger, educated population who fled to greener pastures, austerity measures that should have targeted public spending but actually caused a domino effect by causing thousands of businesses to implode, debt to GDP ratio didn't just lower, it actually doubled. There haven't even been talks of defaulting and the Greek government is currently owned by Germany and their banking conglomerate allies, as evidenced by the referendum that served no purpose. The Greek people became more and more stupid as they voted again for the same idiots a few months later, but to be fair the alternatives were completely shit.

There is no end in sight.

unironically correct in all fields..

i tip my fedora to you.

>greeks dont pay their taxes
Mainly this.
Tax fraud is (was?) the national sport in Greece. Combine that with a government willing to spend all of EU money on social benefits instead off using it to actually develop the country and catch up with the rest of Europe, and you get a disaster.

And since money was kinda short for every one in EU at that time, we needed to make an example out of Greece - so that other "lol spendings" (Spain,Portugal, ...) countries get the message that there is a limit to how much you can shit on the union's financing rules.

pay denbts grease

>inferior white/blue flag in white/blue flag thread

Who cares, anyone with a brain will ditch this shithole and move on to some better country while we leave this country to rot at the hands of worthless white nationalist losers who are too busy crying and arguing about their self importance and national pride xD

this is Varoufakis' take on what happened

yanisvaroufakis.eu/2016/07/29/the-imf-confesses-it-immolated-greece-on-behalf-of-the-eurogroup/

>alienware
>laptop
>for gaming
>WoW

>mc donalds
>τηγανιτες πατατες
>σkατολοΐδια

Σου εφερε τα chicken tendies η μανούλα , παιδι μου?

Αυτοkτόνα

Nah ;^)
Stay mad retard

...

You seem morbidly obese

1. Joos fooled fake greeks into taking Euro and trusting ECB and Draghi.

2. Joos did Speculation as they did anywhere.

3. Joos brought crypto-Jew and fake-Obama called Tsipras who said "fuck the banks, fuck the banks"

4. Joo Tsipras once getting elected did bailout money and let fake Greeks bleed

5. Fake Greeks and their lobby still rather caring about butthurting against Kebabs (see Sup Forums), while Joo remain stealing them

>Νεροβουβαλο λέει εμενα retard

Λμαο , χασε kανενα kιλαkι

>he doesn't know

are u that greek furfag that used to shitpost on Sup Forums all day with Brian from family guy pictures?

both

Italy is right, the situation would have been deflated if in 2010 they gave us a debt extension but gave some brave reform package that wasn't only austerity.

Now because Syriza was elected with a popular mandate they are going all out and overtaxing the private sector and selling off all of the public wealth the country has.

Guess fat people can stop saying "muh genes"

That diet is scary

He prolly is

I'd rather die a poorfag than live with Krauts, Americunts or Austfailians.

>Tax fraud
No more or less than any other countries.Mainly rich filthy fucks and parliament members.
This meme was devised by Germancucks because most of the tax evaders were working for german companies.

come home greek man ;(

>Brisbane
>Home

Nope , only Melbourne :^)

Melbourne is full of fucking leftwing Athenians who want to let every turk in.

Yus :3

BTFO retard nationalists is hilarious

of course greeky

...

What is best place for a right-wing islandnigger?

>American banks collapse
>Let's flow more money into the markets

>German banks in Greece collapse
>Let's take all the money!

retards

>rogue

Big banda rogue :3

:3

Ρε μαλαkα , θα πληρωσω εγω την ετησια συνδρομη γυμναστηριου για εσενα , χασε kανενα kιλο

Fuck off, i love being cuddly :3

...

>mfw fat worthless furry who spends all his time sitting in front of computer playing WoW and eating mcdonalds thinks nationalism is the problem

we've exceeded the shitposting limit for today lads, shut down Sup Forums

Both

Power hungry EU politicians wanted to add some random second world country just for the prestige, ignoring well-known economic issues.

Virtually all Greek citizens never paid tax, leeching of EU money for years, knowing this would at some point come to bite them in the ass.

All + the people's fault for letting it happen and expecting the gov has unlimited money and for not doing anything when the gov ignored their vote and for not voting golden dawn and for not doing anything differently

>a 160 kg lardass neckbeard commiecuck furry who still plays videogames thinks he's being cuddly

Not even your mother likes you.

There's a pretty large community of people from Rhodes here in Brisbane, probably goes Rhodes, then Athenians and then Peloponnese, Right wing Islanders im not sure about but overall its pretty comfy here.

gocstgeorge.com.au/ this is the biggest Greek orthodox church in Brisbane, maybe biggest in Queensland.

YOU ARE AN EMBARRASSMENT TO ZEUS

Melbourne has more Greeks than Greece

It's the fault of the Greek governmentS from 1974 and after.

The fault lies with the EU.

Force the same currency on countries that differ substantially and you're going to have a bad time.

Έπρεπε να αυτοkτονήσεις χοντρέ
Έπρεπε.....

I know that feel
We are going the same road
sadfrog.jpg

>Melbourne has more Greeks than Greece
N-No?

>WoW

You could have been playing doto.


>Αυτοkτόνα

Greek summer tries to meme. Fails.

Great explanation Greekopolous, here is a (You) just for you.

But if you ask me the forced raping of the weaker economies is just economical warfare to force about a single EU fiscal policy, in other words, the complete surrender of sovereignty of all EU member states to Brussels and high finances.

Don't buy the pay debts maymay from the bank jews. All EU member states have debts.