Common in Greece and how they'd push to influence government, yes. That doesn't make them a nation of brats. You can say it, but it doesn't mean you should.
Common in Greece and how they'd push to influence government, yes. That doesn't make them a nation of brats. You can say it, but it doesn't mean you should.
If it looks like a duck, walks like a duck and quacks like a duck, there is nothing against calling it a duck.
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Then your sig is sarcastic?Originally Posted by Hazir
http://www.nytimes.com/2010/05/02/wo...%2Findex.jsonp
Sounds similar to sentiments in the US. Some of the protesters are anarchists, or just people venting anger. Much like US Tea Party rallies.“This crisis is not my fault, I won’t accept these austerity measures and I want to know where all the money has gone,” Emily Thomaidis, 29, the owner of a coffee shop, said as she marched through central Athens past vendors selling newspapers with the headlines “Fear. Rage. Hope.” She added, “Why should my generation have to pay the price for problems created by our parents’ generation?”
If we cut SS and Medicare, or change union contracts, there will be public protests, too. I suppose that would make the US a nation of brats in your mind. How productive.
I do think we're a nation of brats to not cut SS, Medicare and re-work government union contracts. The problem is sitting in front of us and avoidable.
Makes me wonder what it's going to look like in the US.
Faith is Hope (see Loki's sig for details)
If hindsight is 20-20, why is it so often ignored?
The agreed bail-out will of €110bn will be €80bn from the eurozone, €30bn from the IMF.
The UK therefore will provide €1.5bn of the IMF funds (we provide 5% of IMF funding), nothing as I understand it at all from the eurozone funds.
How much exactly is Germany providing? More or less than €1.5bn? Need I ask ...
Yeah that was a pretty interesting graphic. It also shows to me that we need a stronger government on the EU level.
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Or the ending of socialistic nonsense....
Citation needed
In the future, the Berlin wall will be a mile high, and made of steel. You too will be made to crawl, to lick children's blood from jackboots. There will be no creativity, only productivity. Instead of love there will be fear and distrust, instead of surrender there will be submission. Contact will be replaced with isolation, and joy with shame. Hope will cease to exist as a concept. The Earth will be covered with steel and concrete. There will be an electronic policeman in every head. Your children will be born in chains, live only to serve, and die in anguish and ignorance.
The universe we observe has precisely the properties we should expect if there is, at bottom, no design, no purpose, no evil, no good, nothing but blind, pitiless indifference.
And when exactly did banks and financial institutions investing in foreign bonds become socialist ?
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Oh dear. "Wishing Greece had never joined the euro".
http://www.nytimes.com/2010/05/05/bu...gewanted=1&hpw
As if the problem is the euro. Without being a member of the EMU they'd be two weeks away from a default on their sovereign debt. Now at least they still have a chance of saving themselves from the misery that would have caused.
They could have used the advantages of being in the euro to their benefit. They decided to abuse it and go on a stupid national spending spree. One in bloody four workers in that farce of a country is employed by the state.
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The problem is a third world country pretending to be something it is not. And anybody who has been to Greece realizes this about it right away.
Seriously, 20+ years ago traveling through Europe the pre-wife and I realized that Portugal, Spain and Greece were sort of faux European countries, wrt to economies. It was obvious to a couple of 20 year olds with backpacks. We've recently rehashed some of those discussions, and concluded that if at the time somebody asked us "which of these will go bust in 20 years," we probably would have said Greece, followed by Spain and Portugal.
Italy is its own special case.
At least with Turkey you know that they're not faking it. They couldn't because they don't have to money to do so.
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Or maybe the currency might have devalued causing an increase of imports and a decrease in exports as well as rising inflation - all of which while not ideal normally would have helped in this situation.
Andl what do you think our dear Greek civil servants would have exported? It is my understanding that strikes, even if they're discounted, don't travel well.
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Straight off the top of my head: Tourism.
Because of the devaluing pound, it has become more expensive for Brits to travel to Europe and instead many holidaymakers have been holidaying in the UK. But Greece doesn't need/deserve a strong euro, had the drachma fallen then it'd be cheaper for foreigners to travel to Greece and holiday there. Which during a recession cheap holidays could prove a real boon for somewhere that is a natural tourist resort.
If planes are flying in Europe, yes
Keep on keepin' the beat alive!
Most holiday makers in Greece come from Germany anyway. They can still afford Greek Metaxa.
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How much of that debt is carry-over from the Olympics in Greece? Was that part of the decision to have it there, to "pump up" their economy?
Yes the Brits prefer Cyprus
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
I was referring to Greece and their heavily unionized government.
The post you reacted to was one showing interconnections between EU economies in the capital market.
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I wonder how many of these Greek protesters will decide to continue to be associated with murderers in order to keep their cushy arrangements.
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Please elaborate.
Edit: I just saw it in the news. If I had any sympathy for the Greeks, it would be gone now.
Last edited by earthJoker; 05-05-2010 at 01:30 PM.
"Wer Visionen hat, sollte zum Arzt gehen." - Helmut Schmidt
The Communist agitators are, quite literally, calling for a communist revolutionCan't they just open fire into the protesting crowds?
In the future, the Berlin wall will be a mile high, and made of steel. You too will be made to crawl, to lick children's blood from jackboots. There will be no creativity, only productivity. Instead of love there will be fear and distrust, instead of surrender there will be submission. Contact will be replaced with isolation, and joy with shame. Hope will cease to exist as a concept. The Earth will be covered with steel and concrete. There will be an electronic policeman in every head. Your children will be born in chains, live only to serve, and die in anguish and ignorance.
The universe we observe has precisely the properties we should expect if there is, at bottom, no design, no purpose, no evil, no good, nothing but blind, pitiless indifference.
Alliteration of the Day: pusillanimous, profligate politicians plus parsimonious, pestilent protesters
What now? Greece turned out to be the canary in the coal mine, the global bond markets are going nuts, and I can't figure out what's going on between the euro central bank and the IMF. Everyone is broke, but at least the US has a money printing machine?
http://online.wsj.com/article/SB1000...Tabs%3DarticleTo make its loan, the IMF will borrow from the U.S. Federal Reserve and the other central banks it taps and pay them interest of about 0.25% on the money; the IMF will then charge Greece about 3% on the loan.
A comment said it's like the Abbott and Costello gag Who's On First....everyone is borrowing from everyone to finance sovereign debt....
Then there's the foreboding commentary like this:
http://www.marketwatch.com/story/wil...red-2010-05-05Will Europe order a code red?
Commentary: The world attempts to handle the truth
So far there is just a bit of hysteria going on. There will be a real problem if the Germans say no to the deal with Greece. Then things might get ugly.
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Some of the "hysteria" seems connected to those damn ratings agencies. Looks a lot like when they suddenly downgraded MBSs, Lehman and Bear....massive sell-offs. Greek bonds can become junk over night, but they were junk long ago. Then it's like a vicious cycle of downgrades, selling, financing debt more expensive, deficit rises, rinse repeat. PIGS--what will happen?
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