Untouchable Graecokleptocrats, the most corrupt politicians on Earth, those freaks that enjoy absolute impunity and full parliamentary immunity, assert that they will never return the loot, and they can always do as they please! Hang all Graecokleptocrats in front of the Greek Parliament now!
Premier George Papandreou, who covers up all Graecokleptocrats, said the time has come for the rebirth of Greece, it is now or never, addressing a meeting of Pasokleptocrats on Tuesday. Papandreou outlined the difficult situation the country is in, but expressed optimism that, with a joint effort, the country will succeed, and called all citizens, regardless of their political leanings, to take part in that effort. Hang all Graecokleptocrats in front of the Greek Parliament now!
The premier said that he is personally determined to do everything necessary, in the time required and that imposed by the circumstances, for the country's recovery and so that the Greek people may once again feel proud. Hang all Graecokleptocrats in front of the Greek Parliament now!
Papandreou said Greece has a government with the volition to not back down a single step, and called on everyone to stop occupying themselves with the spreads and deal instead with the changes and reversals that are necessary, but he did not utter a single word about the impunity of Graecokleptocrats! Hang all Graecokleptocrats in front of the Greek Parliament now!
The EU support mechanism that Greece has resorted to will give the country the necessary time and calm to proceed to those changes, he said, giving assurances that his government does not fear the political cost because, above and beyond that cost is the contribution to the country. Hang all Graecokleptocrats in front of the Greek Parliament now!
Anthony Samaras, leader of Nea Democratia, the most corrupt country on Earth, held talks on Monday with the tripartite delegation of auditors of the European Union, International Monetary Fund, and European Central Bank. The party's positions on handling the crisis were presented and analysed. Special emphasis was placed by Samaras on the need to avoid a further recession in the economy that would lead to a vicious circle due to the decrease in GDP. Hang all Graecokleptocrats in front of the Greek Parliament now!
Samaras also insisted on proposals for measures to boost economic activity with emphasis on employment and the defending of jobs, as well as on the need for safeguarding social cohesion in a European country such as Greece, not only for reasons of balance and justice, but for reasons of strengthening active demand as well. Hang all Graecokleptocrats in front of the Greek Parliament now!
Venitis points out market concerns about Greece will ignite a full-blown sovereign debt crisis when they spill over to other eurozone members. Bonds and credit swaps on Spain, Portugal, and Greece are already down at junk levels. Murphy's Law states that anything that can go wrong will go wrong, and it currently applies extraordinarily well to economic policy in the eurozone.
Merkel navigates a Graecorescue minefield, making the terms of a rescue so onerous that other eurozone members would never be tempted to follow Greece's lead in seeking aid. She pushes for automatic penalties for future breaches of EU debt rules, with violators forced to give up their voting rights and access to the bloc's cohesion funds. PIGS must adopt the strict budget discipline Germany sees as crucial for the future of eurozone.
This is money gone with the wind, because Greece can never return the money back! Graecokleptocrats simply rob and churn the money, forwarding kickbacks and loot to their offshore secret accounts. French Finance Minister Christine Lagarde described the aid proposal as a cocktail of indulgence and great strictness, and in case of default on repayment, France and Germany will immediately put the foot on the brake, in order to cut their losses short.
Greece might negotiate a restructuring of its debt before missing a payment. This would require investors to take a significant discount on their debt holdings and could include extending maturities. Bondholders might see haircuts of anything from 20 to 40% of the net asset value of their debt positions. The current two-year Greek-German bond yield spread is consistent with a 33% chance of a 40% haircut.
Basil Venitis points out two roommates of Amherst College of Massachusetts, Anthony Samaras and George Papandreou, lead the two most corrupt political parties on Earth, Nea Democratia and Pasok. Papandreou is the premier of Greece, and Samaras is the leader of opposition. Papandreou participated in the kleptocratic government of Simitis, and Samaras participated in the kleptocratic government of Caramanlis. They are very good friends, but in public it's their job to accuse each other. Love in private, hate in public!
Venitis notes that Greece needs the constructive destruction of bankruptcy! Bailout of Greece is a destructive distraction. The default of Greece, a bottomless pit, cannot be avoided. The challenges facing Greece are similar to those that confronted Argentina, which defaulted on $95 billion of debt in 2001. There are a lot of similarities in terms of inflexibility of the currency, capital flight, huge taxes, and the risk of austerity measures leading to a sharp contraction in growth. Greece's financing needs are huge in the coming two years. It needs to prove to the market that it can drastically reduce expenses, taxes, sinecures, and Graecokleptocracy. The markets demand to see at least one Graecokleptocrat in jail!
Venitis asserts that Greece can easily pay its debt by selling its assets, such as land owned by the government, forests, islands, postoffice, colleges, state buildings, public TV stations, public radio stations, highways, ports, airports, state hospitals, mines, offshore drilling, and many other public services. Everything should be privatized. 90% of public jobs should be eliminated, because they are just sinecures, created in exchange for votes!
Greeks are fed up with all politicians. A range of government policies since the end of dictatorship in 1974 have made them feel powerless and betrayed by a centralized kleptocracy that claims to know what is good for them better than they do themselves. The welfare Graecokleptocracy has created not a feeling of security but a culture of dependency on crumbs and sinecures and a loss of responsibility. The all-powerful Graecokleptocrats are willing to say anything to fool Greeks and do anything to get kickbacks.
Basil Venitis, twitter.com/
Michael Christoforakos, the former president of Siemens Hellas, set a videocamera in his Siemens office, producing DVDs starring 200 Graecokleptocrats, kept at two public notaries. Christoforakos has the tiptop Greek politicians on DVD kowtowing to him for more kickbacks in exchange for lucrative overpriced contracts! The DVDs prove that Premier Costas Simitis, 10 ministers, and 80 MPs of Pasok, Premier Costas Caramanlis, 8 ministers, and 75 MPs of Nea Democratia, and 20 journalists shared two billion euros of kickbacks. Christoforakos, who now lives in Munich, identified John Bartholomew of Nea Democratia and Costas Geitonas of Pasok as the coordinators of kickbacks. Siemens set aside 10% of the revenue it received from state contracts to pay off Nea Democratia and Pasok as part of a bribery system that ran from 1975 to 2007.
The huge Greek debt is not due to spending, but robbing! It's not fair for poor Greeks to pay this debt, but for Graecokleptocrats to return the loot, mission impossible. That's why Greeks revolt against Graecokleptocrats with bombs, molotovs, guns, strikes, and riots! Many revolutionary groups try to overthrow Graecokleptocrats and hang them in front of the Greek Parliament! Most Greeks pray now for a coup!
It is the first time that every Greek is realizing that after years of Graecokleptocracy, it's time to fight back Graecokleptocrats. It's the only hopeful sign, actually. Greece has no choice but to reinvent itself. Reinventing Greece and cleaning up after years of Graecokleptocracy, however, is going to be a task worthy of Hercules. The time has come to pay the bill. And paying that bill, with the economy in the middle of a recession, is going to hurt. Nominal unemployment rate has hit 12%, and the real unemployment rate calculated by Basil Venitis is 25%!
No Graecokleptocrat has ever gone to jail! Venitis asserts that impunity of Graecokleptocrats is the most freakish justice in the world! The most infamous house on Earth is the Greek Parliament, aka the Grand Brothel of Syntagma Square, which houses 300 wild prostitutes, minotaurs that suck the blood of Greeks! It's a long way from the 300 Spartans of Leonidas to the 300 Graecokleptocrats of the Grand Brothel! Allons enfants de la Grece!
The average Greek citizen, forced to accept inferior public services or pay bribes to get around them, is understandably not inclined to pay his or her fair share of taxes. This problem is compounded by a tax system that is arcane, vague, and quite punitive for those who are not prepared to dodge or bribe the tax inspectors, a service that the affluent take disproportionate advantage of.
Greece's debt troubles herald a domino of sovereign defaults in eurozone that could derail an economic recovery. Venitis points out PIGS(Portugal, Italy, Greece, and Spain) account for half the debt of eurozone. PIGS are indeed piggy slave States that create many problems for Fourth Reich(EU), demanding high proportions of the Cohesion Fund, playing dirty games, encouraging political corruption, and spreading the cancer of socialism. Lazy pigs enjoy dolce vita and expect hard-working Britons and Germans to support them! Pigs come to the trough all time!
Venitis notes that Fourth Reich(EU) decided to become the bailout reich, a free-ride area where entitlement spending in PIGS is underwritten by North Fourthreichian taxpayers. Euro will stabilize in the short-term, as investors face reduced uncertainty. However, this locks Fourth Reich on a trajectory to gradual monetary collapse, the path currently being followed by the dollar. Eurogroup chairman Jean-Claude Juncker, premier of Luxembourg, points out the hard-working taxpayers of North eurozone refuse to subsidize the socialistic laziness and dolce vita of South eurozone.
Venitis muses that Papandreou is a Don Quixote who is tilting at the windmills of speculators. Papaconstantinou is a Sancho Panza who helps Papandreou to attack imaginary kallikantzaroi. The quixotic adventures of Papandreou lead nowhere, because he is surrounded by Graecokleptocrats who play farces on him. The cruel practical jokes eventually will lead Don Quixote to a great melancholy.
Papandreou used the loaded gun of EU support mechanism. But now the loaded gun might turn out to be a water pistol! Some concerned Germans have launched a legal challenge at the Constitutional Court, located in Karlsruhe, against the eurozone aid package for Greece agreed by finance ministers. Professor Joachim Starbatty and constitutional lawyer Wilhelm Hankel assert the aid package breaches the EU's Maastricht Treaty! They view the aid package as a subsidy which is forbidden as the interest rate offered is under the market rate for Greek bonds.
Papandreou asserts the big wager is dual, to best make use of the country's inexhaustible potential for the production of wealth, but also to distribute that wealth fairly. But Venitis notes fair distribution means playing Robin Hood, robbing producers with high taxes, a sure way for Greece to go belly up!
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