Greek crisis could have been avoided: Juncker

[jo the greek]

by Apostolos Papapostolou ShareThis Eurogroup chief Jean-Claude Juncker said Friday that Greece’s financial woes were well known among top EU officials but kept quiet until the crisis erupted last year.
“It was quite obvious that one day Greece would have to face this kind of problem, and we knew that this problem would occur,” Juncker told a forum on the sidelines of the International Monetary Fund and World Bank meetings in Washington.
Juncker said German and French officials along with European Central Bank chief Jean-Claude Trichet had for some time been discussing “the perspectives of what was not at that time known as so-called Greek crisis.”
“I knew that both France and Germany earned a lot from their exports to Greece”, Juncker admmited
“I could not go public with the knowledge that I had,” he added.
“The Greek crisis could have been avoided, but not starting last year, starting two or three decades ago,” the European finance ministers chief said.
Juncker said he tried at one point to seek a solution to the problems with an unnamed Greek prime minister who told him: “I am governing a country of corruption.”

I remeber telling people that the problem was a general problem of EU not Just Greece they knew and didnt do anything


German British And French do you realise that all this frenzy about Greece was Just Economical game to loan greece with Better interest !!!

And nothig more they knew and didnt do anything to stop all this years

[gsoxx]

I remeber telling people that the problem was a general problem of EU not Just Greece they knew and didnt do anything


German British And French do you realise that all this frenzy about Greece was Just Economical game to loan greece with Better interest !!!

And nothig more they knew and didnt do anything to stop all this years

I knew that Greece was innocent from the start !1!

That Hellas didn't even meet the entry criteria for the EURO is an open secret. Nothing Jean-Claude says is news in any way.

[jo the greek]

I knew that Greece was innocent from the start !!!

That Hellas didn't even meet the entry criteria for the EURO is an open secret. Nothing Jean-Claude says is news in any way.

The gread disappointment

for is not Greece we know ourselves

but Europe lying is .............................

[Heinz Guderian]

“The Greek crisis could have been avoided, but not starting last year, starting two or three decades ago,” the European finance ministers chief said.
Juncker said he tried at one point to seek a solution to the problems with an unnamed Greek prime minister who told him: “I am governing a country of corruption.”

how is this Germany's (or the wider EU's) fault?

[gsoxx]

how is this Germany's (or the wider EU's) fault?

By accepting Greece's entry into the Eurozone whilst knowing better?

[jo the greek]

By accepting Greece's entry into the Eurozone whilst knowing better?

Not Germany but Leader of Germany of Eu

and others knew the problems of Greece and hided unter the carpet

[Their Law]

Not Germany but Leader of Germany of Eu

and others knew the problems of Greece and hided unter the carpet

And not Greece for attempting to join without meeting the criteria? Or continuing to lie about their economic situation once they've joined, even in the face of economic collapse?

And for god's sake jo, Greece got a billion dollar bailout which is more than Ireland has got so far, and to be honest Ireland is more deserving of it considering how promptly and decisive they've acted on their financial troubles. Greece knew this was a problem for years in advance and did nothing. The German taxpayer has saved your country from complete economic collapse and you're still trying to twist the blame.

[jo the greek]

And not Greece for attempting to join without meeting the criteria? Or continuing to lie about their economic situation once they've joined, even in the face of economic collapse?

And for god's sake jo, Greece got a billion dollar bailout which is more than Ireland has got so far, and to be honest Ireland is more deserving of it considering how promptly and decisive they've acted on their financial troubles. Greece knew this was a problem for years in advance and did nothing. The German taxpayer has saved your country from complete economic collapse and you're still trying to twist the blame.

Who is supposed to check the criteria

Who is supposed to check Economic situation Eurostat.

If you boss accept you lying to him the you boss has problems with the Superiors and you both lose your JOb

[Heinz Guderian]

i can see your point Jo. But you must remember, the EU is not a "brotherhood of nations" (not yet anyway). We will screw each other over if it brings economic benefits. The fact that France and Germany saw good markets for export in Greece if it became an EU member (and perhaps knew Greece may not be able to pay for it in the long run), just means they are following their national interests. Was it "morally" correct to do so? Probably not.

[Stavroforos]

Prepare for about 7-10 pages of Europeans saying how they never do wrong, it's all Greece's fault.

And then someone from America will link this to Obama, and the thread will be over.

[Babur]

Prepare for about 7-10 pages of Europeans saying how they never do wrong, it's all Greece's fault.

And then someone from America will link this to Obama, and the thread will be over.

but aren't Greeks, Europeans?

[Stavroforos]

but aren't Greeks, Europeans?

Yes, but I was talking about Brits and Germans mainly, but generally people from other EU countries.

[Their Law]

Yes, but I was talking about Brits and Germans mainly, but generally people from other EU countries.

I think the Germans have a legitimate reason to moan until their blue in the face given how much they've had to fork out over this.

As for the Brits, well we never miss a chance to stick it to any sort of group, be it Catholics, Americans or Greeks.

[HansDuet]

I don't understand why.

[jo the greek]

Actually a friend to me Who is half German and teaches German

Said that in Summer Germany was full of Advertisement how cool and frendly people were Greek people cause then it was vacation time

It is all about money when we want to loan wit high interest we say bad Greeks when we to sell Holiday to Greece say good Greeks

[Stavroforos]

Indeed, it is important for it to be understood that the former Greek governments were responsible for the Greek crisis, and not as much the populace. What can be blamed on the populace can be relatively large-scale tax evasion and the aggressiveness of various public sector unions.

[Tiberios]

Yeah I heard somewhere that tax evasion in Greece is massive.

[Burnum]

Indeed, it is important for it to be understood that the former Greek governments were responsible for the Greek crisis, and not as much the populace. What can be blamed on the populace can be relatively large-scale tax evasion and the aggressiveness of various public sector unions.

I can and will blame the Greek Populace, because they are largely responsible for their government.

[Stavroforos]

I can and will blame the Greek Populace, because they are largely responsible for their government.

Unfortunately the Greek people were not aware of the level of corruption in the government, or of their altering the books.

[Faramir D'Andunie]

Unfortunately the Greek people were not aware of the level of corruption in the government, or of their altering the books.

We knew anything related to the public sector was a corrupt mess, but we did not know that we were a breath away from going bankrupt.

The current socialist goverment (in name only) was yelling that "There are plenty of money, we just need to steer the wheel in the right direction" on the elections a year ago. The conservative goverment before was blaming everything in "global economic crisis" and pretty much did nothing as it was collapsing under the weight of scandal accusations.

But really that the high up economic circles and bankers were aware of this situation for years is not really a suprise. They even admited why they brushed the problem under the carpet. Profits on certain pockets.

Now like good plebs let's go back to blaming each other while those responsible dine with our money and chat about it.