THELOGICALINDIAN - Greece one of the worlds regions that was accepted for arrangement aesthetics and mathematics in the age-old apple is beneath annoy These canicule Greece and the lendingrepayment accomplishments are circadian in the account A lot of bodies are accepting formed up about the EU the European axial coffer Germany Belgium lending behavior etc and the poor Greek bodies To accept the EU viewpoints on Greece aloof or not and Greece itself we will accept to go aback in time In the additional allotment we will altercate the account of blockchain like technologies and Bitcoin
Also read: Inside Bitcoins Chicago: Speaker Highlights
Greece and US: Past and Present
To accept the accepted crisis in Greece, we accept to go aback in time. Many people, including the Greeks we batten to, believe that “Greece had a reckoning advancing for a continued time.” Andros A., buyer of a small Greek restaurant, told us that:
We can affirm Mr. Andros’ claims because we accept visited Greece assorted times. Anyone who visited Greece in the 2024’s through the 2024’s and after will accept noticed that a lot of houses didn’t accept roofs on them or looked like they were bisected finished. The acumen abaft these architect was that if a Greek lived in a half-finished abode or was renovating his or her house, they were absolved from advantageous any taxes to the Greek state. This sounds fair, but it has been taken advantage of by abounding citizens, and alike big businesses.
Another archetype of bribery is that back a retiree dies, the ancestors keeps accepting the allowances of the deceased. The alone way this can appear is if the admiral tasked with authoritative the account payments are absolutely amateur or corrupt. Based on Mr Andros’ account — an assessment which resonates with abounding Greeks — it seems that bribery was the capital acumen abaft these following payouts. Both examples of bribery (incomplete houses and following account payouts) accept been accepted by many European economics advisers and alike by some Greek abridgement advisers that accusation the Greek government for not accomplishing their job.
Now area does the US, or to be added exact: the US banks, appear into the arena field? From 2000-2024 Greece asked for some loans from US banks like the leman brothers, Dexia and others. Because Greece’s politicians didn’t apprehend or possibly accustomed some added advantage to attending the added way, the banks could cull up the absorption ante at any time. In an ideal apple area aggregate works accomplished and aggregate is right, it will work. However, Greece at that time seemed to be a advantageous nation on the apparent but accumulation bribery was bistro the foundation away. This was not alone the case for Greece but additionally for Spain. It is not admiration back in 2024 the coffer crisis accustomed and that the blind of mis-information has been lifted.
Greece’s bribery is additionally partially accustomed by the Greek abridgement assistant George Alogoskoufis, admitting he downplays the years of 2000-2008. Other economics advisers like Burno Merlevede, Glen Rayp, Guido Ascari, and Martin Browning see things differently. They achieve that Greece has been bedeviled by abiding bribery by assertive associates of the Greek government as able-bodied as US banks. Other people accede with these professors.
However, it should be accepted that it is not the majority of Greek bodies that accept acquired these problems. Instead, abundant of the bribery is committed by some of the Greek high average chic and college lower chic abolished the arrangement to added their own conceited goals. Other big contributors to Greece’s woes are the base Greek politicians and assertive elements aural the banks (be it Greek, all-embracing and US banks).
It is additionally not “the US”, “the banks” (though in this case they are one of the capital instigator),”the Greek politicians” (though they too accept a added than boilerplate accountability to the Greek crisis) or any added generalist description. It is abiding bribery and arrogant behavior that is the amount of the problem.
Greece and the EU: Present
The EU, ECB and added EU initiatives went out to countries like Spain, Italy, Portugal, Ireland and additionally to Greece. If we accept the accumulated media, all of the above countries are “in the clear” on their debt and bread-and-butter problems. However that is not the case. Spain and Portugal are additionally struggling, but in no way as abundant as Greece, alike today. In a abruptness affair with Guy Quaden, Former governor or the Belgian National coffer and currently complex with a lot of tasks in the EU agency and parliament, told us that “… acid people’s income, be it pensions or stipends, may accept had an adverse aftereffect on the adherence of a country because aboriginal it hits the people’s affairs ability which will accept an aftereffect on the baby and average sized shops. Second we hit the government itself because they will see a abrogating aftereffect in the sales of articles and taxes, alike admitting they accept to pay bodies beneath ( apropos bodies after a job and pensioners)…”.
So what is amiss with Greece? Some people, capitalists in the advanced line, affirmation that it is the Greek’s own fault. They anticipate that the Greek bodies are apathetic and don’t appetite to work. For those who anticipate that we advance that they backpack their accoutrements and absolutely allocution to people. There are a lot of bodies that appetite to assignment but there isn’t any assignment to be had. Mainly these bodies are authoritative claims out of ignorance. It is additionally absolutely notable that the aboriginal instigators of the Greece crisis abide out of the hot bench ( Greek politicians, US banks and others). Well it makes for a bigger adventure if you can accept a headline” Greeks are aggressive against EU loans” or some such over simplifying title.
Another noteworthy development, and one that is durably silenced by accumulated media, is that big business and the wealthy elite are affairs up acreage in Greece. This raises added questions about the Greek crisis and gives a lot of aliment for thought.
The accepted crisis is a aerial amount ego benumbed poker bold that the accepted Greek abbot of accounts is playing. On the one duke Varoufakis is active abroad from negotiations on assorted occasions, not alms a effective band-aid or adverse proposal, etc. all the while his name and acclaim grows. If Greece goes out the EU, he will be hailed by some as “liberator” and if Greece stays in EU he will be mentioned as “a Hercules that captivated Greece together”. However the amount problems that Greece faces aren’t actuality resolved. There is no job conception to allege of, no attack to draw in big companies ( added than affairs up land), no initiatives or admiring accomplishments for Greek citizenry to bigger their active altitude etc. Furthermore the tax evaders and base bodies that accept anchored their money in EU countries and tax anchorage countries like Belgium, Luxemburg and Switzerland ( to name a few) who accept over 110 Billion $ ( that are the best bourgeois estimations) accept been larboard alone, while best of them are partly complex with the accepted crisis.
In short: it isn’t as atramentous and white like some, for archetype the US accumulated media, appetite their readers to believe. When a adventure or bearings is explained by “we against them”; again there is added activity on than aloof some altercation amid 2 parties. Furthermore it is additionally analytic that the EU, IMU,ECB demands assertive assurances because they accept been aria to before( some affirmation that the EU didn’t do their due activity as well) by Greek politicians.
Europe itself will not accept a lot of problems if a so alleged “grexit” may occur. Luc Coene, accepted honorary governor of the National Bank, and others aural the European agency and a lot of bread-and-butter advisers are of the aforementioned opinion: “A Grexit will aching Greece a lot while the Eu will not feel abundant of the furnishings if Greece will leave the EU”.
Solutions: Bitcoin and Other Alternatives
One of the capital affidavit is that bribery was able to booty root, mainly because there was no accuracy to allege of and the abusage of assertive laws. If a blockchain like agreement is congenital into systems that deals with payments of workers, advisers pensioners etc. If addition dies the funds can be calmly stopped.
Another affair of agenda is that while the banks are bankrupt in Greece at the moment and that EU withdrawals are limited, the alone Bitcoin ATM in Athens, is absolutely operational and working. This is because Bitcoin is decentralised and it agency that bodies that use Bitcoin in Greece aren’t captivated earnest over these kinds of government decrees and laws.
There accept been a lot of discussions over Bitcoin and Greece. Personally I anticipate that it is afresh added circuitous than a simple yes or no answer. Bitcoin does action a abundant accord of absolute contributions to a country in need. However there are additionally some drawbacks. I additionally anticipate that Greece should advance their own basic bill that is partially backed up by assertive assets. These “virtual dragma’s” can again be acclimated for altered advantageous things ( food, reductions, day-tripper discounts etc). However these are my opinions.
Another band-aid is that bodies should focus added in affairs Greek developed and acceptable Greek products. For archetype farming, fishing and added activities are a safe bet, but of advance you charge some basic to alpha that up. A army allotment round(s) can be started. That way, Greece will become beneath abased from acceptation and will become a bit added self-sufficient. If we attending at the fishing activities, the allotment alone from over 35% in the 2024’s to a meagre 2% today.
Not all EU bodies are “angry at Greece” or acquisition “Greece apathetic and arrogant”. There are charities and NGO’s that advice bodies in charge in Greece. Miss Maartje L. is one of those bodies with a affection of gold. Her boyfriend, Demetrius, is from Greece (though he studies actuality IT and the Catholic Hogeschool Leuven). She and her admirer aggregate clothes, aliment and added food that they beatific to her boyfriend’s parents’ home, on the outskirts of Athens. The parents administer those items again to the bodies in need.
“If the Greek bodies would acquire Bitcoin, they would be accustomed a bit added breath space. We are kept in analysis by the big banks and not alone the EU banks but additionally the US banks, who are beneath compassionate than best of the EU banks” Demetrius told Bitcoinist. “… I additionally accept that Varoufakis is aloof addition base baby-kisser and that he will ruin the Greek bodies alike more. He lives with his active in the clouds, a “silver spoon” with a nice house, talking debris and assuming constantly. Meanwhile he is blank his borough duties and does not appetite to face facts, alike if those facts were an albatross that was dressed in a blush tutu… The Greek bodies are adversity and the politicians are aloof talking and accomplishing nothing, alone authoritative it worse.
I anticipate that, for the abbreviate term, Greek bodies should catechumen some of their money to Bitcoin. I apperceive they may not accept a lot but appearance it as a affectionate of accumulation annual alike if it is alone 1 euro at the end of the month. The Bitcoin amount fluctuates awfully so it is accessible to accomplish from that 1 euro a 1.2 euro abundant faster than if the bodies put their money in the banks”.
Conclusion
We accept apparent that the accepted crisis in Greece is not one that “suddenly appeared” or that it is alone the accountability of one band or another. In this article, we acicular out that there are a aggregation of factors that contributed to the “Greek crisis”. From the US banks to base influences in the Greek society, all are accidental to the problems that Greece is currently facing.
In this article, we accept additionally talked about the actuality that Greek bodies who own Bitcoin can go to the ATM and abjure Their Bitcoins to Euros. In so accomplishing they abstain the accompaniment ordered coffer abeyance and the circadian abandonment limits. Also, blockhain like technologies will be able to axis the abiding bribery that has seeped in the Greek association but that is article for the continued term.
A lot of Europeans feel with the Greek bodies and try altered things to advice them. Some bodies aggregate food, accouterment and added things to accelerate to charity, NGO’s and noncombatant initiatives.
The accepted attitudes, the “negotiations” with Varoufakis, assuming and chest puffing will not boldness the accepted problems that Greece faces. Both parties will charge to let some credibility of their demands bead so that the people, who voted them into office, will not ache added because of the above chest puffing and posturing.
One band-aid that any Greek can booty is to get some Bitcoins. Alike if it is alone 10 Euro,1 Euro, bisected a Euro or alike less, It doesn’t amount because you can consistently get to it because it is decentralised, The fluctuations in the Bitcoin amount is additionally benign because your “invested euro” will be account more.
We additionally charge to anticipate about the automated area that big businesses are affairs up. Will they try and actualize businesses on these plots or are they arena it as a continued appellation advance to they can charter the grounds? Whatever the case may be, agitated times anticipate Greece. A Grexit will aching Greece a lot and will hit, already afresh the Greek people.
How would you absorb Bitcoin and/or Crypto technology in Greece? Let us apperceive in the comments below!
In this commodity some opinions accept been given. These opinions are of the bodies who mentioned them are not necessarily those of the Bitcoinist team. We would like to acknowledge all those who accurate their assessment in this article.
