Beware of Greeks Bearing Nothing

Historians have been trying to solve the mystery of that ancient weapon Greek Fire for centuries. I think we’ve found the secret. Take away a lot of the benefits from their lazy asses and viola! Fire! Athens is burning.

More than 45,000 protestors, many facing steep cuts in pensions, wages and a bigger fall in living standards besieged the building in two demonstrations. A minority were met with tear gas by the 4,000 policemen after throwing fire bombs.

Inside emotions ran high over the price the country was being forced to pay for its second bail out, a EURO130bn (£108bn) loan from the EU and the International Monetary Fund to head off the threat of bankruptcy and withdrawal from the euro.

Finance minister Evangelos Venizelos, in a passionate appeal for support before the midnight vote, said: “We must show that Greeks, when they are called on to choose between the bad and the worst, choose the bad to avoid the worst.”

The Greek cabinet unanimously approved the package on Friday after six members resigned. Laos, the small nationalist party headed by Giorgios Karatzaferis withdrew support but with the two main parties continuing to back the draconian measures Prime Minister Lucas Papademos was anticipating winning parliamentary approval.

But the Government still faces a tight timetable to meet terms and conditions tied to the loan and meet a Friday deadline to accommodate a deal with bondholders and repay an outstanding E14.4bn bond by the March 20 cut off date.

Blogger Tyler Durden has a running update on Greek news — including the tidbit that Greek authorities are running out of tear gas. Hmmm… what comes after tear gas? Ah yes. Live ammo.

h/t: Instapundit

20 comments to Beware of Greeks Bearing Nothing

  • Dr. Schplatt

    Earth, Wind & Alexander?

  • -fritz-

    No comment. I thought the post title was “Beware of Geeks Bearing Nothing.” :-)

  • Scott M.

    Wouldn’t you just love to be a Greek policeman?”Take that,deadbeats!”

    • Dr. Schplatt

      I dunno, would be kind of a bummer gassing your in-laws, siblings, kids, parents, and friends.

      Pretty much everyone either works for the government on sucks on the government teat over there right?

  • Rufus

    Just wait until the Germans figure out how much of the tab they are picking up! They went to dinner with the Greeks, the Germans ordered water and an appetizer and the Greeks ordered everything on the menu, then excused themselves to go to the bathroom, left through the window and are sticking the Krauts with the tab.

    • Scott M.

      Cookie for RTF!

    • Interesting article about the relationship between Germany, Greece & the EU (the most twisted triangle you’ll ever see:)

      • Rufus

        The article is a good summation of the history and current situation.

        In the barrooms and TV talk shows of Germany, however, impatience with Europe and the euro is at a boiling point…

        … Michael Fuchs, the deputy chair of Merkel’s party in the Bundes-tag, who is responsible for economics and the euro…he admitted his voters were getting restive. “We are growing far apart from our people,” he says. “I tell you, the questions I get are not really .??.??. convenient. Somebody will say to me, ‘Michael you’re a nice guy, but can you explain to me why I have to work until 67 and I get [as a pension] 46 percent of my final salary, while a Greek guy is retiring at 57 with 94 percent of his last salary?’?” In the past two years, German journalists have coined the word Wutbürger—a rough translation might be “rageniks”—to describe such people.

        • That was the section that really stuck out for me, too. Clearly, government sponsored retirement/benefits are the elephant in the room for a good chunk of Western civilization. Until they are dealt with, as it looks Greece may FINALLY be doing – we’re, essentially, doomed to this economic stagnation, and worse.

          • Rufus

            As I wrote before, I don’t understand why rank and file Germans have put up with so much for so long. The author makes the case that there is a communal sense that they must serve a sort of penance for their atrocities in the prior Century. Maybe that is on the minds of rank and file Germans, but sooner of later I believe they will realize that this is real money, their money, and, especially for the 90+% of the population who were born after 1945, they may decide they are through paying the tab for the foolishness of their fellow Europeans.

            • I agree. Time for the Germans to stop paying for the sins of their fathers, grandfathers and even great-grandfathers. The “guilt bubble” will, eventually, burst. The question is – what will Europe look like in the aftermath?

              • Rufus

                It’s tough when one is a true member of a “victim group.” I think many victims fail to understand that those born in the group that did the victimization, but born after atonement, often feel no sense of guilt. I have never done anything racist to anyone. I never rode a segregated bus, drank from a white’s only drinking fountain… It disgusts me that blacks were segregated in our land, but I was not a part of it. Yet, many blacks assume I have “guilt” because folks with my skin color did such things prior to my birth.

                It’s the same in Germany. It’s easy to understand why Jews and others targeted by Nazis would resent Germans, yet many, many Germans born after the war don’t feel a sense of guilt for being German. Isn’t punishing Germans for WW! what started WWII? I think the Greeks are foolish to assume the Germans will have much more patience for their immature fiscal management.

                • Rufus

                  And, of course, a member of a group that was victimized assuming all members of another group are guilty based on ethnicity, or skin color, or religion… is bigotry.

  • Veruckt

    Do you think we would face similar violence in the US if we attempted to pop the government teat out of the entitlement class’ mouth? The occupy douches I think have given us a small sample of what we too will face.

    • I think we will see some violence. Will we see widespread violence? I’m skeptical about that, but who knows? The only time in my adult when I seriously considered punching someone in the face was when an adult student went to my Dean and complained about something I said without coming to me first. I saw that as a killshot aimed at my job and my livelihood — and as a father with a wife and 3 kids I was exceedingly pissed. Luckily for me I have a pretty long fuse so I didn’t do anything stupid.

      My point? If people’s sense of entitlement trumps fiscal sanity faced with an acute crisis (not this sort of phony war crisis our government has floated) then we could very easily see violence.

  • 67Cougar

    What we are seeing in Greece is what we will see here in 3 to 4 years if the current administration and its out of control spending is not gotten rid of. There is a breaking point where you simply can’t accumulate any more debt – and nothing Obama is doing or proposes to do will cut our debt. Make no mistake – even if they manage to soak ‘the rich’ for a lot more tax revenue, they will turn around and give it away through more entitlements. Additional revenue WILL NEVER be used to pay down debt while Democrats are running the country. Its all about entitlements and giveaways, and making as many people/voters dependent upon the government for everything.

    When the bell finally tolls, and the country goes bankrupt, do you think all those millions of dependents are going to remain calm when their government checks stop showing up in the mailbox?

    • Rufus


      Unfortunately, we’ll have the same thing if they try to cut spending (which is the only practical way to address our debt). Look at Madison, Wisconsin. No matter what happens we are past the point where this is not part of our future.

Leave a Reply




You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>