Could Greece become the European Venezuela?

For a country facing bitter splits over Sunday’s EU bail-out referendum, the tiny Greek village of Megali Panagia offers a harsh lesson in the politics of division.

A hamlet in northern Greece’s Halkidiki hills, today it is one of the few areas unscathed by the austerity crisis, thanks to jobs at the nearby Canadian-owned gold mine. Yet as the graffiti daubed all over the signs to the village makes clear, not everyone appreciates the foreign investors’ presence.

  • Exile1981

    If they exit the EU I could see them nationalizing all resources to try and stave off collapse for a few years.

    • canminuteman

      I am expecting some kind of communist take over of the government regardless of what happens in the referendum. There is no good outcome here. If they accept the deal they will be back renegotiating in a few months and they will have riots in the streets when they cut pensions, civil service paychecks and everyone gets robbed via bank “bale ins”

      • Exile1981

        Greece is such a mess that I think they have zero good options and all the ones they have left are leading to blood in the streets.

        • I believe it will get ugly, then watch Portugal and Italy.

          • Exile1981

            We could collapse the Portuguese economy if we sent home all the workers from their up in Ft >Mac

  • simus1

    This doesn’t seem right.
    Everyone knows that most Greek communists are bright, honest, sensible, ambitious, taciturn, hardworking people.


    • Exile1981

      You forgot good with money.

      • simus1

        “I forgot ……….”
        My constant mantra.

    • andycanuck

      Just like Putin’s internet trolls! I’ll hear nothing against them!

    • Must be a misprint.

  • Could Greece become another Ukraine?

    • Exile1981

      Only if your stupid. The Ukraine has issues put produces lots of food, Greece has lots of debt and lives off of tourism which is drying up.

      I’d pass on greece as it seems like a very bad investment.

    • andycanuck

      Mmm. Warm water port.

    • If you wish it so Vlad!

  • Helios Megistos

    The only realistic option is to have the military do a putsch and then put Golden Dawn in charge since they are the genuine populist patriots; this would be followed by an instant withdrawal from the EUSSR and NATO and the UN and the reestablishment of border controls along with the reintroduction of a devalued drachma as a currency! ALL of the illegal invaders would be urgently rounded-up and deported followed by the deportation of all of the Turks and other undesirables who have somehow managed to obtain Greek citizenship! The government would abolish most of the civil service thus enabling a surplus which would be used to repay the debt! The low drachma would boost tourism and exports thus enabling a revival of the economy. Of course, the planned mosque in Athens would be cancelled forever!

    • Maggat

      If construction has been started just blow it up. Sends a better message.

    • simus1

      Among the many overlooked assets in Greece that could bring in good money abroad would be young decent looking communists and their useful idiot allies who could be sold in the slave auctions of arabia for respectable prices, if not top dollar. Their less favoured by nature fellow marxists, et alii, could occupy themselves on flax plantations in the manner of the captive women brought back after the Greek siege/destruction of Troy.

  • Helios Megistos

    Ilias Kasidiaris Released Today! That’s a good start!

  • FactsWillOut

    As long as we’re happy with Chinese investment in the oilsands, Greeks should be happy with us investing in their gold mines.

  • Hard Little Machine

    Oh this will be good. Put Tsipras on the money as he declares himself Dictator for Life. Confiscate all foreign owned property. Leave the EU, the Euro and NATO.

  • Billy Bob Thornton

    The problem with Greece was the fact that they were meant to be sacrificed after the financial crisis. Germany cannot be trusted since the next target will be the southern European countries of Italy, Portugal, Spain, and so forth. The only way it seems to save Greece is with BRICS and having alternative currencies or even backing them with something of value. The mainstream ideologies cannot be trusted either as Syriza just got in back in January/February of 2015, and their main intention was renegotiation of the terms. I see nothing wrong with that. Austerity was planned by the coalition elected in 2012. The problem with austerity is there was no end in sight and the unemployment never improved, and the same with the debt problem. The only way to save Greece, in my opinion, is by having more nationalization and more ways to negotiate better terms. Otherwise, the debt cannot be paid off. BRICS is one solution. Another one can be writing off odious debt, which is an international guideline and something that Iceland used to improve their situation.

  • Maurixio Garcia Sanchez

    Venezuela has oceans of oil and so much fertile land what need is a smart leader thats all,what Greece has ? maybe tourism only.

    • simus1

      Venezuela will have much less “easy oil” to sell in coming years but has massive oil sands like Canada which will likely require a huge amount of Chinese supplied capital to exploit. When you play ball with the Chinese, the rules are different. Anyone foolish enough to think they can steal their stuff by waving a few flags around and paying parasites to riot will have a rude awakening.
      Many Greeks are bright, hardworking, entrepreneurial to a fault and could create great things given proper help. What is needed to achieve prosperity is a social and economic revolution to see off the tax fed parasitic marxists, the crony capitalists, the stifling governments/ bureaucrats and the semi catatonic official religion obstructionists.

      • Maurixio Garcia Sanchez

        Greece needs smart people in technology , science,etc,what happened over there since 1980 they stared with an uncontrollable debt,plus no one wants to pay taxes and before they used to retire at the age of 45,they need a smart leader thats all.