They say anarchy is on the cards there next . Wouldnt be suprised.

In fairness there is no emphasis on growth. I can see Greece collapsing into anarchy within 6 months. The ECB\EU is destroying them with no thought as to the possible consequeces further down the road.

Part of the plan, not touched on in the press release, requires private sector bond holders to take a 50% cut in face values. For the sake of the Greek people this has to work.
If Greece is forced to default and exit the euro, no one will lend to them so they will have to decimate their entire public sector. The new currency will be worth diddly sqat driving the cost of living through the roof. It will be Germany 1923 all over again except there will be no Greek “rentenmark” to come to the rescue.

This plan has to be made to work

Lads if private bond holders are goinng to get cut what about public bond holders,in a nut shell half of the money that greece owes it owes to itself,they would self destruct!!! Obout Ireland it was unbelievle what happened last week in the bond markets,we sold 3.5 billion euro to finintal intistutions,guess who they were ,all irish banks wearing the green jersey, with our own money,good god they must think us all fools.Then Kenny actually announced it as a success in Davos,oh how the world is laughing at poor old ireland!!!!

“You get the government you deserve”. Never a truer statement.

now thats silly,are u telling me that we deserved that last shower of fools,comon!!!

I hate to tell you this but we elected them three times in a row, it’s wasn’t what you’d call a mistake. They were inept and corrupt all along, so yes we did deserve them. Believe me I wish we didn’t elect them but we did.

They lied in order to join the Euro

Correction Michael Greek politicians and the Greek Central Bank lied also I think the ECB closed their eyes when looking over the Greek books. More interested in expanding the Euro zone then any possible consequences in the future for the Euro. Strange to think 1 of the main characters involved in that is now the unelected PM of Greece put in place by the ECB/EU.

All you can feel is pity for the ordanairy Greek punter who is being made to pick up the tab for others failings.

It’s wasn’t the ECB’s job to check your books. There was an assumption that as a responsible nation the books would be correct. Foolish in hindsight. The ironic thing is a lot of people are objecting to the EU being able to check our budgets but at the same time blaming the EU for not checking the Greeks books.

Are you actually serious? That’s perhaps the most ignorant thing I’ve read.

Who would not check out the validity of a business partner before they joined a company .
What a stupid comment . Of course the ECB should have checked the Greek books
BEFORE letting them join the EU.

Eileen you’re missing the point, the ECB do not check people’s books. That’s not in their remit currently. Aren’t you also objecting to the EU having the right to oversee budgets? So do you think the EU should be checking our not?

So it is the Greek peoples fault that the ECB were stupid in hindsight?
You forget that the ECB or the people who work for it are probably the
highest paid bankers and thinkers in Europe ,I would expect more than
hindsight from them . . .

Wow Eileen your idea of logic really is… well… illogical. The Greeks cheated and lied, and you’re trying to push that into being the ECB’s fault somehow. You must have a fierce hatred of the Gardai the way they don’t stop every crime before it happens.
I can only assume you fully support this new fiscal compact which gives the EU the right to go check up on countries budgets, no more cooking the books, no siree. You must be in heaven.

.What has the Gardai got to do with
investigating the Greek bailout .
I am sure they are more than occupied
investigating Anglo Irish et al, the Irish
bankers who brought about Irish banks
bail outs.What a joke ! Not !
:)

You’re not very good at answering a direct question, especially the awkward ones.

ED who are the morons that have given you red thumbs down on that comment , old saying there is a sucker born every minute

Who employed Goldman Sachs then? They don’t bear any responsibility?

Sorry but the *Greek* people repeatedly elected poor politicians. The *Greek* people in large numbers didn’t pay their taxes properly. The country wasn’t a basket case because outsiders made it that way. Much easier to blame it one some conspiracy from the bankers, sounds more interesting.

Sorry Neil I can’t agree with a Liverpool supporter even though your post is 100% correct ;-)

Wow! All the red thumbs down! Time for some more then! *knock knock* The Greek government is responsible for employing Goldman Sachs. There is no conspiracy here.

Paul. That’s the thing isn’t it. The Greeks employed Goldman Sachs to cook the books. Goldman Sachs obliviously shouldn’t have done it but let’s not forget they didn’t do this off their own bat.

Someone in Ireland giving out to the Greeks about nepotism! There isn’t a glass house big enough!!

Sorry what mechanism did ‘Brussels’ use to ram him in there?

them books did not need to be cooked,they were already on fire!!!!

Huh?

When did he work for Goldman Sachs exactly?

BTW I can find no record of him ever working for Goldman Sachs. Anyone have different information?

I have no problem admitting it if I am. On what though?

goldman sacs were working both sides,gary!!

goldman sacs were working both sides,gary

How do you figure that?

They were working for the eu on one hand and advising greek gov on the other hand,that is
called a conflict of interest and against the law,i think……..

O Connor and the lads in siptu have been silent on household and sceptic charges I wonder why it effects their members too but they won’t upset Gilmore rabbittee ect .
Croke park was a nice deal for the lads and don’t mention the alleged siptu slush fund.
Ah yes keep your heads down lads till the shit backs up to your door

Public sector pay was cut back in 2010. Most of us are down about 30% of pay. What did we do to you? I hope you turn up in A&E someday sick or in pain and needing our help. And I hope there isn’t a nurse in sight. And you have to wait….and wait. That’s what you, and others like you, deserve. We are already working for a pittance. Why would any frontline public sector worker stay in their post on a seriously reduced wage, and yet have to listen to the drivel that idiots like you come out with?

Why do you hope that, Neil? What did the public sector do to you? If you’re about to answer with drivel about bonuses, expenses, shopping days blah blah blah, I would suggest that you learn the difference between public sector and CIVIL SERVICE!!!!!

Well bloody said Sarah!! I’m sick of trying to explain to people the difference. The Civil Service has hijacked the term Public Service to hind behind. Public Service are front line workers, there the ones when you dial 999 come running or when you arrive sick or in pain look after you. Stop bashing us, we’ve taken a 30% cut and reduced numbers and more work load and don’t bitch and moan and refuse to do things. So stop the rants about Croke Park, it hasn’t given me anything but hard ship but I still go to work everyday and do the best I can for the people I meet.

Exactly, Thomas! I’m so sick of the whining and moaning about how easy and how well public sector workers have it. These people don’t even know the difference between public sector and civil service and yet they’re shouting for our pay to be cut. Idiots.

Well said Sara and Thomas .It just does not suit some people to know the difference
between civil service and public service ..
John @ Good comment , the unions are dead in this country .

@Sarah,, i pity the greeks,,, its not the ppl’s fault,,, but as for the public servicemm its going to suffer the same faith when we go looking for our second bailout, and it will happen,,, so if we follow the same austerity as the IMF put on greece, you can look forward to another 40% cut in your salery,, i dont like it,,, i was hoping the greeks defaulted,, cause it would have had a domino effect all across europe and the losers would have been the banks,,, not the ppl

Joe Mc D
A truer word has never been spoken ,unfortunately.