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Wednesday, July 1, 2015

Re: [mukto-mona] Greece Considers Capital Controls, Closing Banks on Monday

I don't know which option the Nobel laureate economist Joseph Stieglitz would have voted for. But I will definitely vote for him for his eye opening analysis of the situation obtaining in Greece. 

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On Jun 30, 2015, at 9:51 PM, Kamal Das [mukto-mona] <> wrote:


Any system that feeds inept rich at the expense of inept poor is bound to collapse. Remember the recent Wall Street crisis? Another is looming. Reganomics doesn't work. The present crisis in Greece is not caused by their liberal government but by private sector lending by German and French banks. The loan servicing conditions are imposed to put government out of power. So the crisis is more political than economic. 

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On Jul 1, 2015, at 8:02 AM, Jiten Roy [mukto-mona] <> wrote:


"Greek exit would be followed by Spain, Italy and France due to bankruptcy ...." All these countries have been under liberal/socialist economies for decades. So, I don't see your point of view.

But, I don't disagree that - when all these liberal economies self-destruct, capitalism will suffer, as well, and it could even self-destruct; capitalism cannot survive without market.

Jiten Roy 


From: "Kamal Das [mukto-mona]" <>
Sent: Monday, June 29, 2015 8:22 PM 
Subject: Re: [mukto-mona] Greece Considers Capital Controls, Closing Banks on Monday

and Britain for other reasons. Thus the German hegemony would end.  Could U.S. economy survive without Chinese investment? Capitalism is the real culprit, not socialism.

On Mon, Jun 29, 2015 at 7:39 PM, Jiten Roy [mukto-mona] <> wrote:
How long a country can sustain by borrowing other peoples' money?

Greece was once an economic and cultural power-house in the world, which is destroyed by the ultra-liberal/socialist economic policies; people should hold politicians responsible for ruining this beautiful country.

Jiten Roy

From: "Farida Majid [mukto-mona]" <>
Sent: Monday, June 29, 2015 4:09 AM
Subject: [mukto-mona] Greece Considers Capital Controls, Closing Banks on Monday

Another view ~ "I want him (Tsipras) to knock his fist on the table and to say 'enough!'," said Athens resident Evgenoula.

Many leading economists have voiced sympathy with the Greek government's argument that further cuts in spending risk choking off the growth which would give Greece some prospect of servicing debts worth nearly twice its annual national income. >>

গ্রীসে আগামী ৭ই জুলাই পর্যন্ত সমস্ত ব্যাংক বন্ধ থাকবে..
গ্রীসের সরকার নিশ্চিত করেছে যে, চলতি সপ্তাহে দেশটির ব্যাংকগুলো বন্ধ থাকবে। আগামী ৭ই জুলাই পর্যন্ত দেশটির সব ব্যাংক বন্ধ থাকবে। তবে সোমবার বিকাল থেকে দেশটির ব্যাংকগুলোর এটিএম বুথ খোলা থাকবে। কিন্তু প্রতিদিন ৬০ ইউরোর বেশি টাকা তোলা যাবে না।


Posted by: Subimal Chakrabarty <>

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               -Beatrice Hall [pseudonym: S.G. Tallentyre], 190