New Greek elections

[SuperFruitland]

Greece's debt problem isn't as bad as Japan's...

debt 237% of GDP, go Japan

[Insaeldor]

Greece's debt problem isn't as bad as Japan's...

debt 237% of GDP, go Japan

Only thing is that in Japan you apparently win even more seats for doing a shit job where as in Greece you loose horribly in the elections.

[Southern Hampshire]

Day 1 of Tsipras government:

-An asteroid passes near the earth
-Demis Roussos dies
-A Greek F-16 crashes in Albacete, Spain

Oh shit, I'm starting to feel scared, ebul comunists only bring desperation

Clearly a sign that Zeus doesn't want the commie to take power.

[The Matthew Islands]

Greece's debt problem isn't as bad as Japan's...

debt 237% of GDP, go Japan

Yeah but Japan is the 3rd biggest economy in the world is able to manage the debt. From the looks of things the Greek economy couldn't organise a piss up in a brewery.

[Geilinor]

Greece's debt problem isn't as bad as Japan's...

debt 237% of GDP, go Japan

Only thing is that in Japan you apparently win even more seats for doing a shit job where as in Greece you loose horribly in the elections.

Syriza was united and gave an alternative. The opposition in Japan was not.

[Ramptonia]

I wonder if Angela's called yet and laid down the line.

Also, the Greek President looks decrepit.

[Mike the Progressive]

Greece's debt problem isn't as bad as Japan's...

debt 237% of GDP, go Japan

Japan's economy isn't that great and hasn't been for some time. And it's also a lot stronger than Greece. Like a lot.

The only thing that will happen is Greece will spiral out of control, again.

[Unholy Byzantium]

Today is a new beginning for Greece and for Europe. Finally a great leader with the will to (hopefully) stand up to the dictatorship of Brussels!

[Mike the Progressive]

Today is a new beginning for Greece and for Europe. Finally a great leader with the will to (hopefully) stand up to the dictatorship of Brussels!

Haha ok

[Calimera II]

Greece's debt problem isn't as bad as Japan's...

debt 237% of GDP, go Japan

Japan's economy isn't that great and hasn't been for some time. And it's also a lot stronger than Greece. Like a lot.

The only thing that will happen is Greece will spiral out of control, again.

And what will happen then?

Spiral out of control > Default / Grexit > Devaluation > Become competitive again > Grow > Good deal with bondholders

[Norstal]

Greece's debt problem isn't as bad as Japan's...

debt 237% of GDP, go Japan

Japan's economy isn't that great and hasn't been for some time. And it's also a lot stronger than Greece. Like a lot.

The only thing that will happen is Greece will spiral out of control, again.

IIRC, they also have a problem with deflation, which means they need to keep spending to prevent a disaster. Their situation is comparatively better because their solution is more spending.

http://en.wikipedia.org/wiki/Deflation#In_Japan

And no, don't believe the trite that Mises put into that wiki page.

[Southern Hampshire]

Day 1 of Tsipras government:

-An asteroid passes near the earth
-Demis Roussos dies
-A Greek F-16 crashes in Albacete, Spain

Oh shit, I'm starting to feel scared, ebul comunists only bring desperation

You forgot to mention there was a storm above the Parliament and there was a lighting strike in the garden of the Maximos Mansion.

[Mike the Progressive]

Japan's economy isn't that great and hasn't been for some time. And it's also a lot stronger than Greece. Like a lot.

The only thing that will happen is Greece will spiral out of control, again.

And what will happen then?

Spiral out of control > Default / Grexit > Devaluation > Become competitive again > Grow > Good deal with bondholders

One big reason why the IMF/ECB bailed out Greece was because they agreed to tighter fiscal policies. If the dickless PM changes this arrangement, before Greece is ready, you're going to see the economy implode. It may eventually get better, but how long that takes is up to the Greek people and government.

[Communist EU]

I think within a few months, the left within Syriza will rebel against the Tsipras administration.

[MERIZoC]

I think within a few months, the left within Syriza will rebel against the Tsipras administration.

And why's that?

[Geilinor]

I think within a few months, the left within Syriza will rebel against the Tsipras administration.

How strong is the left within Syriza?

[Lucasaer]

Day 1 of Tsipras government:

-An asteroid passes near the earth
-Demis Roussos dies
-A Greek F-16 crashes in Albacete, Spain

Oh shit, I'm starting to feel scared, ebul comunists only bring desperation

You forgot to mention there was a storm above the Parliament and there was a lighting strike in the garden of the Maximos Mansion.

*oh le conspiracy theory intensifies*

[Mike the Progressive]

Japan's economy isn't that great and hasn't been for some time. And it's also a lot stronger than Greece. Like a lot.

The only thing that will happen is Greece will spiral out of control, again.

IIRC, they also have a problem with deflation, which means they need to keep spending to prevent a disaster. Their situation is comparatively better because their solution is more spending.

http://en.wikipedia.org/wiki/Deflation#In_Japan

And no, don't believe the trite that Mises put into that wiki page.

There is certainly a need for public spending. But Japan is doing/did what China is currently doing. Artificially growing their economy with stimulus. That's fine, but when that's making up most of your economic growth, it's not sustainable forever.

[Communist EU]

I think within a few months, the left within Syriza will rebel against the Tsipras administration.

And why's that?

Because they won't be able to deliver on their promises, got into a coalition with right-wing ANEL, and they're too moderate, (something that even the FT has picked up on).

[Communist EU]

I think within a few months, the left within Syriza will rebel against the Tsipras administration.

How strong is the left within Syriza?

A critique of Syriza's current program and their own proposals below.
http://socialistnetwork.org/the-new-pro ... of-syriza/ - by Ilias Milonas

[MERIZoC]

And why's that?

Because they won't be able to deliver on their promises, got into a coalition with right-wing ANEL, and they're too moderate, (something that even the FT has picked up on).

What promises can't they deliver on? Along with Potami, social policy will be easy, and ANEL can help them get rid of austerity.

[Calimera II]

How strong is the left within Syriza?

A critique of Syriza's current program and their own proposals below.
http://socialistnetwork.org/the-new-pro ... of-syriza/ - by Ilias Milonas

I am not sure whether their policies are going to work, but we'll see.

[Geilinor]

Because they won't be able to deliver on their promises, got into a coalition with right-wing ANEL, and they're too moderate, (something that even the FT has picked up on).

What promises can't they deliver on? Along with Potami, social policy will be easy, and ANEL can help them get rid of austerity.

ANEL is notoriously socially conservative, social policy isn't going to be any form of a priority for this government.

[Earl of Sandwich IV]

Because they won't be able to deliver on their promises, got into a coalition with right-wing ANEL, and they're too moderate, (something that even the FT has picked up on).

What promises can't they deliver on? Along with Potami, social policy will be easy, and ANEL can help them get rid of austerity.

Can't deliver if you haven't got the cash.

[Communist EU]

What promises can't they deliver on? Along with Potami, social policy will be easy, and ANEL can help them get rid of austerity.

ANEL is notoriously socially conservative, social policy isn't going to be any form of a priority for this government.

And a bunch of anti-Semitic conspiracy nuts.