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Monday, July 13, 2015

Wilbur Ross Explains the Fourth Reich, I Mean the Greece Deal

     I couldn't resist the shot. I shouldn't go ani-Kraut. Ok how about this-one more cheap shot, then I stop. Angela Merkel has set feminism on its feet. We now can no longer doubt that you don't have to be a man to be lacking in all human compassion.

    I'm just saying.

    Ok, regarding the 'aGreekment'-that was the one good line by European Commission President Juncker-Wilbur Ross shows us that there is a method to the savagery after all.

   "The Greek reforms-for-bailout deal reached Monday after marathon talks will get done and key elements of the agreement will be implemented, said billionaire Wilbur Ross, who has a major investment Greece's third-largest bank."

   "Among the terms of the tentative agreement is a $55 billion fund that will be set up using Greek government assets for privatization."

   "The privatizations really will go forward," Ross told CNBC's "Squawk Box" on Monday. "Transferring those activities which are highly unionized [and] highly left-wing out of the direct control of the government ... that's a huge, big deal."

    http://www.cnbc.com/2015/07/13/wilbur-ross-the-real-goal-of-greek-deal.html

   Is it as huge, Mr. Ross, to those of us who are not billionaires who have been able to buy out Greek banks? How much will we benefit from the way this deal sticks it to unions?

   Good to know that the disenfranchisement of Greece is going to work out well for you. This guy and Morgan Warstler would have a lot to agree on:

  "The chairman and CEO of WL Ross & Co. said the real goal of the deal will be much-needed societal and economic change in Greece. "That's what's coming as part of this package. They are not calling it that, but that's what it is," he said.

  "I totally disagree with the notion that there's anything here that will encourage bad behavior on the part of the other weaker countries," Ross added.

  Well, yes and no. This weekend must surely have put everyone on notice that the EU simply doesn't compromise as I noted earlier.

  "This was supposed to be what they are good at. Yet what seems clear at this point is that there are just 2 choices for Greece:

1. Capitulation to all and any EU demands

2. Grexit

   "The trouble is that Tripas and his party had thought that there was another option-

3. Staying on the euro but reaching a compromise with the EU
   "The trouble is that the EU is simply an extremely authoritarian regime."

   "So there is no 3. This took a long time for Tripas to figure out. I myself didn't get that either. Speaking from a Game Theory perspective, it would have been very helpful if Greece understood 3 sooner."

    http://diaryofarepublicanhater.blogspot.com/2015/07/syrzia-game-theory-failure.html

    No one periphery country in the future can doubt that there is no 3. So those in the future who chafe in their chains are going to have to go to 2 immediately-euro exit.

    Despite the way Merkel made Tsipras eat humble pie this weekend the no vote by Greece last week may still set a precedent by getting voters involved. This is what the EU wanted to purge from the process but with the genie out of the bottle there may be no way to screw the bottle shut again.
  

    

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