Saturday, June 27, 2015

Greeks Run On Banks As Alexis Tsipras Seeks Enabling Act

by JASmius



I've got to say, I'm impressed.  I was positive that the Germans would have long since caved and given the communist Greek government a new "infusion of liquidity" by now.  But they've regained a spark or two of their cultural heritage and put their foot down.  Gut gemacht, meine ethnischen lands.

Of course, it goes without saying that the gimmie-gimmie Greeks have refused to budge, producing what is commonly referred to as an "impasse".  The problem for them is that Athens is in hock up to their gyros, so you would think that sooner or later, Prime Minister Alexis Tsipras would have to blink, or do something to buy more time.

Silly rabbit; Trix are for Greek commies:

Hundreds of people lined up at Greek banks and drained cash machines after Prime Minister Alexis Tsipras called a referendum to decide his country’s fate following the latest impasse in talks with creditors.

Two senior Greek retail bank executives said as many as five hundred of the country’s more than seven thousand ATMs had ran out of cash as of Saturday morning, and that some lenders may not be able open on Monday unless there was an emergency liquidity injection from the Bank of Greece. A central bank spokesman said it was making efforts to supply money to the system.

“I’m here to take my mother’s pension out before the machine runs out of cash,” said Erato Spyropoulou, who was standing in a line of about eight people at one of National Bank of Greece SA’s ATMs. “It’s very worrying what’s happening because people don’t know what they’re being asked to vote for. It’s the last nail in Greece’s coffin.”

After withdrawing more than thirty billion euros ($33.5 billion) as the anti-austerity [aka pro-deadbeat] Coalition of the Radical Left, or Syriza, took power, depositors are now reacting to the latest twist in the five-month standoff with European leaders and creditors. One banker said his institution had lost 110 million euros on Saturday by 11:30 a.m. Athens time. [emphasis added]

I don't know who Mr. Spyropoulou voted for back in January, but the Greek people as a whole have absolutely nobody to blame but themselves.  That's the thing that irresponsible voters never want to hear in a failing democracy: that the culpability, the blame, goes right back to the majority that elected the governments that have screwed up their country at their behest.  TANSTAAFL applies universally, and so most definitely to the Greeks as much as any other country: "There ain't no such thing as a free lunch."  Wealth doesn't grow on trees or get conjured out of thin air by magic wands, any more than a woman who wants to look like a supermodel can do nothing but sit on her ass all day and consume a ten thousand-calorie daily diet of fast food and sweets and get the results she wants.  Wealth must be created before it can be "redistributed".  And when a people decide that they're not going to create wealth, their only option is to beg, borrow, and steal from everybody else's wealth, and they elect "anti-austerity" governments to do it.  In Greece's case, time has run out, der pfeifer ist gekommen, um zu sammeln, and Syriza and non-Syriza voters alike are "receiving in their bank accounts the due penalty of their error".  Those that don't get to the ATMs on time, anyway.  But then that won't matter when their country is booted out of the E.U. and Greece has to revert back to the drachma which can't collapse because it isn't worth used toilet paper to begin with.

What is this mysterious "referendum" Prime Minister Tsipras is throwing out there to exploit this self-generated crisis?  My guess is that it's a measure intended to give him "temporary emergency" (i.e. dictatorial) powers" that he will, of course, never voluntarily relinquish.  After which he will pull out of the European Union if they haven't ousted Greece already, and formalize his alliance with Putin's Russia.

You're right to be very worried, Mr. Spyropoulou.

But remember: This is what your people voted for.  If you didn't, my condolences and prayers are with you.  If you did....



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