{"id":10602,"date":"2012-03-14T09:45:00","date_gmt":"2012-03-14T06:45:00","guid":{"rendered":"http:\/\/thessalika-nea.gr\/wordpress\/?p=10602"},"modified":"2012-03-14T09:45:00","modified_gmt":"2012-03-14T06:45:00","slug":"more-words-withoutmeanings","status":"publish","type":"post","link":"https:\/\/thessalika-nea.gr\/?p=10602","title":{"rendered":"More words without\u2026meanings!"},"content":{"rendered":"

<\/p>\n

\n<\/div>\n
\n <\/div>\n


\n
\n<\/b>                 <\/b>by Professor Giorgos
\nPiperopoulos<\/b><\/p>\n

\n<\/div>\n
\n
\n    The much discussed
\n“haircut” of Greek bonds (PSI) came to an end and was followed by publicly
\nexpressed exuberant statements by both professor Venizelos (the SINGLE and favourite
\ncandidate for the Chairmanship of PASOK who will most probably be voted into
\noffice with a very large majority) and by Dr Papademos, while Greek public
\nopinion was utterly impressed with the deafening SILENCE of Mr Samaras ….(How
\nare your “renegotiations” going Mr Samaras?;)
\n    Subsequently since there were some
\nprivate investors who refused to participate in the “haircut”
\nvoluntarily, (a reality which could create problems for the integration of the
\nPSI and the second European package of 130 billion Euros) initially Mr
\nVenizelos as Greece\u2019s Economic Czar and then unanimously the Greek Cabinet
\nFORCED the “deniers” to accept the \u201chaircut” imposed on them …
\n   This announcement of such a decision
\nby Greek Government led the ISDA and International Financial Houses to trigger
\nthe CDS since by making participation in the famed PSI “mandatory\u00bb
\nOFFICIALLY Greece has caused a “credit event” and is now in the
\nstatus of “controlled” (but not “uncontrolled”)
\nbankruptcy!..
\n    If Greece went out today to borrow
\nfrom the international financial markets, if such <\/div>\n

<\/a>loans were granted to the
\n\u201ctechnically bankrupt” country, they would bear an interest rate, please take
\na deep breath, close to 40%!..<\/p>\n

\n    Professor Venizelos
\nin his exuberant statement described as “important and historic this day while
\nhe removed from the shoulders of the Greek people a national debt of 100
\nbillion euro!…He did not say, however, how many billions of euro under this
\nnew arrangement future generations of Greeks will have to repay to our Lenders…
\n    Even
\nIf we accepted what you told us my esteemed university colleague, Deputy Prime
\nMinister for Finance and soon Chairman of PASOK we still did not hear from you,
\ndespite the easiness which distinguishes you in your verbal rhetorical
\npositions:<\/div>\n
\n    How these
\nincredible figures of the financial obligations of Greece and the Greeks were amassed
\nand by whom they were created?<\/div>\n
\n    Will any member of the Political Systems
\nthat rules Greece for the last 38 years as Prime Ministers, Ministers, MPs and
\nmanagers of public companies and service institutions ever be held accountable for
\nhaving brought us to this dramatic, pitiful and catastrophic end as a people
\nand a Nation?<\/div>\n
\n    And the
\nPrime Minister Dr Papademos, in his Statement to the people said among other
\nthings “the PSI now opens the prospects for the second bail out MEMORANDUM
\nof 130 billion euro and better future and growth for our economy”
\n    Showing good will let us say that the Greeks
\naccept what you said dear former Governor of the Bank of Greece, former Deputy
\nGovernor of the European Central Bank, former Advisor of the Prime Ministers of
\nPASOK Mr Papandreou and Simitis and current Prime Minister of Greece.
\n    But how do you as a Doctor in
\neconomics could explain the EXUBERANCE you and Professor Venizelos have
\nshowed in the face of published reports of foreign financial rating institutions
\nstating that you are now in charge of a technically “bankrupt” country?\n<\/div>\n
\n    And,
\nincidentally, have you forgotten that ths Leader of PASOK and ex-PM who
\nselected and appointed you to this SEAT OF POWER with the Parliamentary support
\nof the New Democracy and LAOS parties only a few months ago were anathematizing
\nthe terms “credit event” and “controlled bankruptcy” and were
\nscaring us with such terms?<\/div>\n
\n    And as a world renown economist how do you
\nexplain that only two years ago Greece could borrow at rates of 7% to 10% (which
\nwere then considered CATASTROPHIC) and now after ALL the Greeks have lost in
\nsalaries, wages, pensions and standards of living as well as in National pride
\ninterest rates are running at the astronomical levels of close to 40%, the Economy
\ncontinues to be in recession which flirts with double-digit levels, the
\nunemployment rates (officially and technically) have exceeded the level of  21% while the rate for youth unemployment hovers
\nat around 50%? …
\n    \u201cHAIRCUT\u201d, BONDS,
\nLOANS, SUCCESS, SALVATION, DEVELOPMENT, \u201cCREDIT EVENT\u201d, \u201ccontrolled\u201d
\nBANKRUPTCY, UNEMPLOYMENT, AUSTERITY MEASURES and MORE cuts of salaries, wages,
\npensions, benefits and yet you harbor \u201cHOPES\u201d for IMPROVEMENT and economic
\ngrowth! …
\n    
\nWhile you continue Governing us words <\/b>keep <\/b>loos<\/b>ing<\/b> their\u2026
\nmeanings<\/b>! <\/div>\n","protected":false},"excerpt":{"rendered":"

                   by Professor Giorgos Piperopoulos     The much discussed “haircut” of Greek bonds (PSI) came to an end and was followed by publicly expressed exuberant statements by both professor Venizelos (the SINGLE and favourite candidate for the Chairmanship of PASOK who will most probably be voted into office with a very large majority) and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[228],"class_list":{"0":"post-10602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-1","7":"tag-228"},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=\/wp\/v2\/posts\/10602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10602"}],"version-history":[{"count":0,"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=\/wp\/v2\/posts\/10602\/revisions"}],"wp:attachment":[{"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thessalika-nea.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}