This is desperately sad and upsetting (Greek Crisis)

[911Gary]

wc98 said:

what a load of fking ste . what you are really talking about are a bunch of rules dreamt up by a bunch of idealist academic economic fannies that payed no attention to the reality of human nature. thick you say, i say people just were not interested in he dreams of the political elite only interested in self aggrandisement and some warped fantasy of being remembered historically. they will be remembered of course ,but for very different reasons.

as the st continues to hit the fan and the people become more desperate ,the well off in greece would be well advised to leave the country. if i was in this situation i know whose doors i would be kicking down, whose fridges i would be feeding my kids from and whose cars i would be taking . all i can say is the pasty faced fannies in brussels are very lucky greece is not on thie doorstep, or they would be swinging from the lamp posts as we speak.

the current haves aroundeurope would do well to remember they are rapidly becoming vastly outnumbered by the have nots , in every country.

hope you don't mind if I quote this on another forum?

[911Gary]

Bit of perspective for you!

[essayer]

AFAIK all of those loans were repaid within three years or so...

[turbobloke]

Don't some of the figures include unused guarantees on top of actual loans i.e. money that banks didn't actually receive?

[Transmitter Man]

Angela & Co should of never let Greece join the Euro.

Everyone & their mother knew the numbers had been cooked from the outset.

There is no way Greece will ever be in a position to pay this money back, in or out of the Euro.

Greece, just like here in Cyprus, imports most everything and exports bugger all.

Angela & Co should pay for making this mistake in the first place.

This would maybe, just maybe teach them a lesson.

I forgot to add. When Angela has paid the debt Greece they should leave the Euro.

Simples

Phil

Edited by Transmitter Man on Monday 6th July 10:10

[BoRED S2upid]

911Gary said:

Bit of perspective for you!

Difference being that all those can generate tens of billions profit every year. Greece can't and are refusing to try. Collecting some tax would be a good start.

They will get the billions required eventually.

[andy_s]

Good time to buy...?

[Andy Zarse]

911Gary said:

Bit of perspective for you!

As per the other thread, I'd like to know the source for these figures Gary. I can't work out if they're from the Morning Star or a Noddy annual.

[TTmonkey]

All these loans from dodgy banks, surely some of them have a PPI element that the Greeks could claim back? Might help.

[WestyCarl]

As sad as the human cost is, would you want you money bailing out Greece (without them making cuts) with virtual zero chance of it being paid back?

[turbobloke]

Andy Zarse said:

911Gary said:

Bit of perspective for you!

As per the other thread, I'd like to know the source for these figures Gary. I can't work out if they're from the Morning Star or a Noddy annual.

We should be told.

The Lehman figure is interesting. Lehman failed before TARP was proposed to Congress and certainly before it was passed. The US Treasury therefore had no legal authority to put government money into Lehman or provide any guarantees.

They could have used the exchange stabilization fund, then a relatively small pot of money available for stabilising USD. The failure of Lehman wasn't viewed as an event that by itself threatened the stability of the dollar so nothing happened there either.

[fido]

WestyCarl said:

As sad as the human cost is, would you want you money bailing out Greece (without them making cuts) with virtual zero chance of it being paid back?

And that's exactly what the EU/ECB/cronies did for 4 years - 250 billions worth - socialist twunts.

[sa_20v]

andy_s said:

Good time to buy...?

Wait a couple of months and you'll be able to buy Athens!

[wilwak]

It was crazy to ask the population such a critical and complex question.

The normal person in the street can only act on emotion rather than make an educated decision after only one weeks notice.

I'm a chartered accountant I I wouldn't feel qualified to make such a decision.

[essayer]

turbobloke said:

We should be told.

The Lehman figure is interesting. Lehman failed before TARP was proposed to Congress and certainly before it was passed. The US Treasury therefore had no legal authority to put government money into Lehman or provide any guarantees.

They could have used the exchange stabilization fund, then a relatively small pot of money available for stabilising USD. The failure of Lehman wasn't viewed as an event that by itself threatened the stability of the dollar so nothing happened there either.

That data is lifted from http://www.sanders.senate.gov/imo/media/doc/GAO%20...
Page 131

From my understanding it counts total loans cumulatively I.e. If I borrow £10 tonight and pay it back in the morning, then do the same the next day that counts as £20 in the above table.

[Andy Zarse]

essayer said:

turbobloke said:

We should be told.

The Lehman figure is interesting. Lehman failed before TARP was proposed to Congress and certainly before it was passed. The US Treasury therefore had no legal authority to put government money into Lehman or provide any guarantees.

They could have used the exchange stabilization fund, then a relatively small pot of money available for stabilising USD. The failure of Lehman wasn't viewed as an event that by itself threatened the stability of the dollar so nothing happened there either.

That data is lifted from http://www.sanders.senate.gov/imo/media/doc/GAO%20...
Page 131

From my understanding it counts total loans cumulatively I.e. If I borrow £10 tonight and pay it back in the morning, then do the same the next day that counts as £20 in the above table.

So not bail out figures then?

[AJS-]

wilwak said:

It was crazy to ask the population such a critical and complex question.

The normal person in the street can only act on emotion rather than make an educated decision after only one weeks notice.

I'm a chartered accountant I I wouldn't feel qualified to make such a decision.

I think the credentials of experts and technocrats of the Greek government, the European institutions and the IMF are about as valuable as a 9 Drachma note at this stage.

[Moonhawk]

wilwak said:

It was crazy to ask the population such a critical and complex question.

Especially if many of them don't even understand what they were being asked.

There are many people in this country who seem to be outspoken and protest against 'austerity' without seeming to understand what the word means.

[Pan Pan Pan]

tumble dryer said:

Fantic SuperT said:

Germany reluctantly invaded Greece to defend its ally Italy, which had initiated a totally incompetent war of aggression against Greece and found itself on the brink of being counter-invaded in retaliation.

S'funny how the Greeks aren't asking the Italians for reparations.

I didn't know that.

The Greeks were also given arms, ammunition and supplies in large quantities by the allies, to help them fight the Nazi`s out of their country, But what did they do with these items? They used them to start fighting amongst themselves. As it was said by the Romans, never trust a Greek, even a Greek bearing gifts.

I find it odd that some are seeing the current Greek crises in the context of having been somehow generated recently by their entry into the EU, when in fact it has been their disastrous practises, which have been in place for at least 25 years that I know of, but in all probability much longer, which has brought them to where they are now.
A backward, corrupt, dishonest, suspicious (of all others around them) money for nothing, lazy culture /attitude to operating their country, and stark refusal to change their ways, and drag their basket case economy into the 21st century, even after taking the billions in EU financial aid aimed at helping them to do this.
They want to blame everyone else for bringing the country to the dire position they are in now, when the heart of the blame lies with them. Only they can change their ways, but it seems they don't want to, and would prefer sitting on their a*ses like they have been doing for at least 25 years, sucking in EU cash. (Paid for by the workers, businesses, and industries of other countries, all of which have their own economic problems to deal with)
Whether they are allowed to stay or go, makes no difference now, they are headed for a painful, awakening.
Had they at least tried to conform to the agreements that went with the bail out cash they received, they might have been in a slightly better position regarding their countries performance, and in receiving on going assistance, but they refused to do this, so now, that option seems to be fast disappearing, if it hasn't already vanished completely.

[iambeowulf]

When you say "they" do you mean the Greek government(s) or the people?