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Greece – two quotes - ongoing …

8th Jul 2015
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Quote 1 - Times

‘.. David Cameron has been summoned to an emergency summit of all European Union leaders in four days as Greece hurtles towards financial collapse, the introduction of a parallel currency and exit from the euro.

The prime minister will attend the meeting of the European Council on Sunday as diplomats and officials draw up detailed plans for Greece to leave the euro — and even the EU itself.

Emergency plans for humanitarian aid to prevent supplies of food and medicines drying up will trigger an EU “balance of payments facility” that could put British taxpayers on the hook for hundreds of millions ..’

Quote 2 – Times Letters

‘..  Sir, “The financial history of Greece has been unsatisfactory from the outset . . . a lax and improvident system of administration, the corruption of political parties and the instability of the government, which has rendered impossible the continuous application of any scheme of fiscal reform — all alike have contributed to the economic ruin of the country . . . Excessive borrowing . . . remissness in the collection of taxation . . . in the main attributable to non-payment of direct taxes . . .”

Sounds familiar? It is from the article on Greece in the Encyclopaedia Britannica, 1910, on the declaration of national bankruptcy in 1893 ..’

Observations

Quote 1 - At one level, of course as a nation everyone should help on a humanitarian basis but the current Government would seem to have deliberately placed the Greek population in this position on purpose as a bargaining token

The UK has not really had much to do with Greece getting into this situation and is not a member of the Euro – therefore why are we being asked to stump-up for massive failings in the EU and Europe?

Quote 2 – It would seem as though Greece has been here before – all the telling points are being/have been repeated again by Greece

  • A lax and improvident system of administration
  • The corruption of political parties
  • The instability of the government, which has rendered impossible the continuous application of any scheme of fiscal reform
  • Excessive borrowing
  • Remissness in the collection of taxation - in the main attributable to non-payment of direct taxes

History repeating itself?

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