“I am impressed that the people have not yet stormed into Parliament and burned the politicians...

“I am impressed that the people have not yet stormed into Parliament and burned the politicians alive - like a souvlaki,” says a retired truck driver in Greece who just sent his life savings of €50K to Sweden. With eyes often focused on the latest from Berlin or Brussels, forgotten is the economic devastation on the ground in Greece, the tinderbox it has created, and the accelerating bank run that may ultimately end this.

Comments (14)
  • HiSpeed
    , contributor
    Comments (1301) | Send Message
    Greece is what happens when politicians bribe the masses with the masses own money in exchange for votes.
    6 Nov 2011, 03:31 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
    Sounds just like the US.
    6 Nov 2011, 05:51 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1608) | Send Message
    “I am impressed that the people have not yet stormed into Parliament and burned the politicians alive".


    Maybe because Greeks are people not animals.
    6 Nov 2011, 03:55 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2862) | Send Message
    Maybe because the rantings of one man are not an accurate representation of the country. Greeks have rioted against proper economic policy for years. Maybe they finally realize that living between German hand outs and anarchist riots is not the best means of living.
    6 Nov 2011, 11:14 PM Reply Like
  • wyostocks
    , contributor
    Comments (9113) | Send Message
    They are more civilized than the occupy Oakland crowd
    6 Nov 2011, 04:23 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
    Right - lol.
    6 Nov 2011, 04:33 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4911) | Send Message
    Maybe the Greeks have finally realized that the money the government is spending really comes from them which means that if the government is out of money that means they are out of money.


    This movie will also play in the US one day when we can no longer fund spending on debt. Unlike the Greeks we can drive inflation though so that the debt becomes smaller by debasing the currency.
    6 Nov 2011, 04:32 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
    Smart move by truck driver to send his life savings to Sweden in the interim. However, will be a problem for Greece as more and more act in a similar manner.
    6 Nov 2011, 04:56 PM Reply Like
  • bob adamson
    , contributor
    Comments (4560) | Send Message
    Midweek lat week the Canadian Broadcasting Corporation broadcast the following excellent exploration of public attitudes in Greece in the face of the current crisis. While there have been significant political developments since that broadcast, the analysis of attitudes is still illuminating




    Speaking of political developments, the compromise struck by Greece’s two main political Parties minutes age (I’m writing at 2 PM Pacific Standard Time) sets the stage for negotiations to be finalized to form a new interim Greek Government to adopt the measures for Greece to comply with the EU/IMF rescue package.


    6 Nov 2011, 05:15 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9513) | Send Message
    Perhaps there are many Greeks who are upset, angry, po'd, you pick the adjective, with the events taking place. Who wouldn't be?
    This is a finacial mess, not a war. "On the ground in Greece". Where should you look for the Greek people?
    The fact that the majority of Greeks are behaving in a civilized way should not be a surprise. Why would one think otherwise?
    How many other citizens moved their savings out of the country long before this point? Why hasn't there been a run on the Greek banks?
    The answers to these questions would be an interesting read.
    6 Nov 2011, 05:29 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (843) | Send Message
    About a 15 years ago, I had a friend who traveled to Greece and ultimately became engaged to a Greek man. My friend reveled in the Greek lifestyle, and couldn't stop talking about how wonderful the country was. Ultimately, I think she moved there. Right around this time, Germany was struggling mightily with the reunification of the poor, communist East, and I kept thinking, what are the Germans doing wrong, and what are the Greeks doing right? It turns out, nothing. The Greeks were simply cashing in their future, while the Germans were building for it.
    6 Nov 2011, 05:49 PM Reply Like
  • ChiefEngineer
    , contributor
    Comments (135) | Send Message
    Why are the Greeks blaming everybody but themselves? They elected tis scum and endorsed their profligacy. They were raptured by the lavish benefits (work less, get paid more).


    Greece has a large Communist Party. The Greeks have been living in fantasy world for to long. The party's over. Look in the mirror, people.
    6 Nov 2011, 06:46 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2862) | Send Message
    SA should have never given this sum up of an article such an infuriating recap. One quote from one Greek is not the basis of news, and the sum up in this market current is rather misleading, if anyone actually reads the story that is referred to.
    6 Nov 2011, 11:21 PM Reply Like
  • btaylor966
    , contributor
    Comments (12) | Send Message
    I guess we are doing the same thing, taking from some and providing a unrealistic life to some at the expense of others and those entitled vote against everything those who are there providing for them stand for. At some point the providers are going to stand up and say no more.
    6 Nov 2011, 11:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs