Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
YOU MUST Sign in with your USERNAME to POST
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 THIS IS HUGE!! Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious”

View previous topic View next topic Go down 
AuthorMessage
Winnie the Pooh
VIP Member
VIP Member


Posts : 160
Join date : 2011-07-08

PostSubject: THIS IS HUGE!! Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious”    Wed Jun 17, 2015 5:32 pm

Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious”

Zero Hedge) It was in April when we got a stark reminder of a post we first penned in April of 2011, describing Odious Debt, and why we thought sooner or later this legal term would become applicable for Greece, because two months ago Greek Zoi Konstantopoulou, speaker of the Greek parliament and a SYRIZA member, said she had established a new “Truth Committee on Public Debt” whose purposes was to “investigate how much of the debt is “illegal” with a view to writing it off.”
Moments ago, this committee released its preliminary findings, and here is the conclusion from the full report presented below:
Quote :
All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious.
As we predicted over four years ago, Greece has effectively just declared that it will no longer have to default on its IMF (or any other debt – note that the dreaded “Troika” word finally makes an appearance after it was officially banned) simply because that debt was not legal to begin with, i.e. it was “odious.” 
If so, this has just thrown a very unique wrench in the spokes of not only the Greek debt negotiations, but all other peripheral European nations’ Greek negotiations, who will promptly demand that their debt be, likewise, declared odious, and made null and void, thus washing their hands of servicing it again.
And another question: when Greece says the debt was illegal and it no longer has to make the June 30 payment, what will be the Troika’s response: confiscate Greek assets a la Argentina, declare involutnary default, sue it in the Hague?
Good luck.

MORE AT THIS LINK:  http://www.theeventchronicle.com/finanace/greek-debt-committee-just-declared-all-debt-to-the-troika-illegal-illegitimate-and-odious/
Back to top Go down
View user profile
Kevind53
Super Moderator
Super Moderator
avatar

Posts : 24579
Join date : 2011-08-09
Age : 18
Location : Umm right here!

PostSubject: Re: THIS IS HUGE!! Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious”    Wed Jun 17, 2015 8:57 pm

Not a surprise, especially considering that they have done almost nothing to deal with the issues at hand. Unfortunately for them, declaring that all their debt is null and void isn't going to invalidate their debt. What will happen? My guess is they will get kicked out of the European Common Market, and they will be unable to get any loans from anyone. Since they have not done anything to correct their deficit spending, reduce costs and improve productivity, it's just a matter of time until they are screwed, blued and tattooed.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

       
Back to top Go down
View user profile
 
THIS IS HUGE!! Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious”
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: AROUND THE WORLD NEWS and CURRENT EVENTS :: WORLD-
Jump to: