Greeks reject 'impossible' German plan for budget veto

[hellheaven1987]

Greece has rejected outright German proposals for the EU to hold power over its budget.

Culture Minister Pavlos Yeroulanos told the BBC it would be "impossible" for Greece to cede control of its tax and spending powers.

There are concerns the measures Greece has taken to cut its budget deficit have not gone far enough.

Meanwhile, Greece and its private creditors are close to a deal to cut dramatically the country's debt levels.

Charles Dallara and Jean Lemierre, representing the creditors, said on Saturday they were "close to the finalisation" of a deal that would see banks and investors write off about 50% of money they are owed.

They said a deal, which is necessary for Greece to receive much-needed further bailout funds, should be agreed this week.

On Sunday, Greek Prime Minister Lucas Papademos said he and his coalition partners were in "complete agreement" over the positions to adopt in the talks, both with private creditors and with the EU and International Monetary Fund officials over any subsequent bailout.

He said delays in cutting Greece's budget deficit had led to demands for greater austerity measures.

Source

Of course the fun part is:

the leaked German proposal for an EU budget commissioner with veto powers over Greek taxes and spending.

Be honest I don't see Greek government has much to oppose this proposal, despite it does sound quite outrageous. Of course if Greece is too pissed about the EU control they can do this to Germany:

Spoiler Alert, click show to read: 

Watch Axis Power Hetalia if you don't get this picture.

[molonthegreat]

Of course they oppose it, it would be much harder for Greek politicians to steal from the budget if someone else controlled it.

[Kanaric]

Whats funny is that they think they can argue their terms. They have to accept what their government has done and what their people have voted for and move on. If they do not accept the terms of the other nations they could just as easily not help at all and continue to have rioting in their streets and continue into descent into chaos.

Of course with how many anarchists are in that country there will be rioting one way or the other.

The funny thing is that they think they are entitled to do what they want with other peoples money. Then again talking about this issue on this forum people from countries that have no regard for things like that think they are entitled to everything be handed to them and cry YOU HAVE NO HEART logical fallacies as their reason as to why they should just do what they wish. Thats was an absolutist welfare state generates. Illogical behavior.

They are being a monetary and economic black hole sucking the wealth from europe and want to continue to do this and think they are ABSOLUTELY ENTITLED to everyone elses money. That has been the problem this whole time. They think they can spend whatever they want without repercussions and without action to fix their issues. People rioted in the streets to KEEP the ways they were going as if money doesn't exist.

[hellheaven1987]

Whats funny is that they think they can argue their terms.

Well, they may just cancel their debt, which you know, came from the life savings of many other Europeans.

[Dr. Croccer]

The Greeks need some Teutonic discipline.

[Exarch]

this greek tragedy is fast becoming comedic

[hellheaven1987]

this greek tragedy is fast becoming comedic

You know, not everyone can write such good script.

[Exarch]

You know, not everyone can write such good script.

that's the beauty of reality TV, lol except this reality TV show can bring about a collapse of the world economy.
no biggie.

[The Norseman]

Thats what happens when you spend money without thinking...

[karo]

I call for an auction of Greece!!

[Akrotatos]

Better bankrupt than giving over total control to ze Germans I say.

[The Norseman]

Better bankrupt than giving over total control to ze Germans I say.

If you did that, you would be out of the financial crisis.

Lol ok not out of it, but on a better way atleast.

Spoiler Alert, click show to read: 

Speaking as a non-german here and not even a EU member

[hellheaven1987]

Better bankrupt than giving over total control to ze Germans I say.

The problem is that I don't think bankruptcy would solve Greek budget deficit - means Greek government would continue burrowing.

[Akrotatos]

The problem is that I don't think bankruptcy would solve Greek budget deficit - means Greek government would continue burrowing.

Personally I can't think of a way to get us out of this mess but all the proposed plans so far include a selling-out of our country's resources, the bleeding of every Greek in order to pay the debts (and not productivity or revenues) and a modern version of good ol' vassalage to Germany first and EU second.

And even if we did all this, we would be looking at a lost decade, at least. I fail to understand the difference between being bankrupt and what we are now. We can't pay our expenses without the bailouts and the debt keeps piling, seems like bankruptcy to me.

Giving Merkel the finger would burn us for certain but imo it's the difference between a quick death and slow agonising one.

[Thorn777]

Lazy welfare Greek or not, its outragious to outsource such democratic principals. Its all the gluing efforts of fantasists/vassals who dont want to face reality/evil.

Like Greece in the hands of some technocrat can spend and cut its way out of this. They should send their Aegean fleet to the Themes and collect the taxes of those on that list there.

[Treize]

Ah, installing a Kommisar.
And then they dare to tell me that the EU is not the German 123232th attempt to rule Europe.

[Thorn777]

^srsly?

[Treize]

^srsly?

Ofcourse, Merkel is just creating a strong sphere of influence.
Having (in)direct control of national parliaments is a nice step in the right direction.

Ah, damn it, everything better than France or the USA fanboys of the UK.

[Thorn777]

^U need to understand there is no free ride. This is about getting money back, not wargame fantasies. Better leave and worry about your own. God knows Germans dont want to "rule" ing victim complex Greece. We want our money back. Thats ing all.

Ofcourse, Merkel is just creating a strong sphere of influence.
Having (in)direct control of national parliaments is a nice step in the right direction.

Ah, damn it, everything better than France or the USA fanboys of the UK.

Ah right, that gross oversight over some tiny irrelevant country needing continual bad economic times to stay under surveillance totally evens out the hundreds of billions at risk and the hate we harvest. Yes we are that possessive. Its in our Übermensch DNA.

A Dutch proposal btw anyway.

God I cant stand these posters portraying their silly and paranoid cynicism as Realpolitik. Ur not srs.

[Ahlerich]

Ofcourse, Merkel is just creating a strong sphere of influence.
Having (in)direct control of national parliaments is a nice step in the right direction.

Ah, damn it, everything better than France or the USA fanboys of the UK.

most of europe and america want merkel/germany to lead the eu now and merkel constantly rejects this responsibility. reality is the opposit of what you stated.
not that i care much but isnt it funny that germany is blamed for not leading europe and blamed for taking control over europe at the same time.

this proposal was bold though i agree. i think its just desperation on german side because greece is still not able to fulfil the creteria for bailout money of last year.