Michael Hudson Quotes About Greece

Quotes about: Greece

• Look at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil.

  Michael Hudson

  Ukraine, Looks, Imf

  Source: www.counterpunch.org

• One of the big problems in America's economic polarization and shrinkage is that pensions can't be paid. So there are going to be defaults on pensions here, just like Europeans are insisting in rolling back pensions. You can look at Greece and Argentina as the future of America.

  Michael Hudson

  America, Rolling, Argentina

  Source: www.counterpunch.org

• We're in a chronic debt-deflation. There's no way we can recover unless you write down the debts. And that's what the IMF basically is implying (and it was explicit regarding Greece), but its not spelling it out, because that's not what can be said in polite company.

  Michael Hudson

  Writing, Debt, Way

  Source: www.counterpunch.org

• To save the banks, you would have to turn the entire Eurozone into Greece.

  Michael Hudson

  Turns, Greece, Eurozone

  Source: www.counterpunch.org

• You'll have to have the governments sell off all of their public domains; sell off their railroads, sell off their public land. You'll essentially have to introduce neo-feudalism. You'll have to roll the clock of history back a thousand years, and reduce the European population to debt slavery. It's as simple a solution as the Eurozone has imposed on Greece. And it's a solution that the leaders and the banks are urging for responsible economists to promote for the population at large.

  Michael Hudson

  Simple, Government, Years

  Source: www.counterpunch.org

• Economic polarization is also occurring between creditor and debtor nations. This issplitting the eurozone between Germany, France and the Netherlands in the creditor camp, against Greece, Spain, Portugal, Ireland and Italy falling deeper into debt, unemployment and austerity - followed by emigration and capital flight.

  Michael Hudson

  Fall, Flight, Economic

  Source: www.counterpunch.org

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