This is desperately sad and upsetting (Greek Crisis)
Discussion
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?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.
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
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
Andy Zarse said:
911Gary said:
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. 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.
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...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.
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.
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...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.
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.
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. 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.
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.
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.S'funny how the Greeks aren't asking the Italians for reparations.
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.
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