Go Greek for a week.
Discussion
smifffymoto said:
I don't really care if it is a true depiction or not.
I'm just curious to know all the rediculous fiddles and pay outs that have gone on and what benefits are/were available to the "working man"
If it's not a true depiction you'll know nothing!I'm just curious to know all the rediculous fiddles and pay outs that have gone on and what benefits are/were available to the "working man"
If they make up the ridiculous fiddles and benefits then they aren't real!
I'd rather know the true picture and not some propaganda exercise.
smifffymoto said:
I don't really care if it is a true depiction or not.
I'm just curious to know all the rediculous fiddles and pay outs that have gone on and what benefits are/were available to the "working man"
There's probably programmes in some 'choice' countries showing how all you need to live in a £3m house in England with 100k a year is 7 kids...I'm just curious to know all the rediculous fiddles and pay outs that have gone on and what benefits are/were available to the "working man"
That said, I'll probably still tune in to this... I remember my economics tutor at the time stating Greece had fiddled their figures to get in, along with the rest of the PII(G)S. Which is pretty much what they've done with their money...
Miocene said:
There's probably programmes in some 'choice' countries showing how all you need to live in a £3m house in England with 100k a year is 7 kids...
That said, I'll probably still tune in to this... I remember my economics tutor at the time stating Greece had fiddled their figures to get in, along with the rest of the PII(G)S. Which is pretty much what they've done with their money...
its now part the of the curriculam for most developing countries, fThat said, I'll probably still tune in to this... I remember my economics tutor at the time stating Greece had fiddled their figures to get in, along with the rest of the PII(G)S. Which is pretty much what they've done with their money...
k education just make your way to britain and breed. anyhow looking forward to the show will be interesting to see what new demands our public sector come out with in the following days.
Hmmm, let's see:
10m people.
Let's guess that only half of those are of working age, so a potential tax paying population of 5m.
Like any modern society, the top 1% earn the lion's share, but unlike most modern societies this is the percentage that do not pay any tax, so the tax take comprises only of the bottom 99%.
Of that 5m probably at lest 2m work for the state? So that is probably the only group paying the actual tax that they owe.
So, 2m taxpayers have to generate enough income to pay down 350bn of debt. So, about E200k per tax paying head (pretty much ignoring interest accumulation).
If you guess that the interest is 2% then that is E7bn a year to be funded.
The average Greek salary is probably around E15k per annum.
It is hard to see how a couple of million chaps earning around E15k a year and paying about 20% tax (E3k) are going to be able to pay down any kind of debt, let alone E350bn
Obviously, they have a lot of sales taxes etc but many shops are just pocketing this and high net worths are going to London, Paris, NY and Geneva to shop.
All in it is very easy to see that the Chinese and other BRICs are the voice of reason when they are telling the EU to go and do one.
Until these 3rd world EU economies stop over paying, stop spending on things they have no need of and start punitively collecting taxes then no one in their right mind should be lending anything.
Maybe being told to get stuffed by the rest of the world is the final thing to make the EU wake up and enforce tax collection, spending cuts and serious reviews.
We shall see.
10m people.
Let's guess that only half of those are of working age, so a potential tax paying population of 5m.
Like any modern society, the top 1% earn the lion's share, but unlike most modern societies this is the percentage that do not pay any tax, so the tax take comprises only of the bottom 99%.
Of that 5m probably at lest 2m work for the state? So that is probably the only group paying the actual tax that they owe.
So, 2m taxpayers have to generate enough income to pay down 350bn of debt. So, about E200k per tax paying head (pretty much ignoring interest accumulation).
If you guess that the interest is 2% then that is E7bn a year to be funded.
The average Greek salary is probably around E15k per annum.
It is hard to see how a couple of million chaps earning around E15k a year and paying about 20% tax (E3k) are going to be able to pay down any kind of debt, let alone E350bn
Obviously, they have a lot of sales taxes etc but many shops are just pocketing this and high net worths are going to London, Paris, NY and Geneva to shop.
All in it is very easy to see that the Chinese and other BRICs are the voice of reason when they are telling the EU to go and do one.
Until these 3rd world EU economies stop over paying, stop spending on things they have no need of and start punitively collecting taxes then no one in their right mind should be lending anything.
Maybe being told to get stuffed by the rest of the world is the final thing to make the EU wake up and enforce tax collection, spending cuts and serious reviews.
We shall see.
Telegraph said:
13.20 Two remarkable stats from the New York Times' report on the rage and paralysis stalking Athens.
Greek banks have lost $63.5bn in deposits - 20pc of GNP -, with up to $20.7bn gone in the last two months alone. Greek families are sending their life savings abroad amid fears their banks could collapse.
As families cut back, the number of uninsured drivers has risen by 500,000 in a quarter to 1.5 million.
“I am impressed that the people have not yet stormed into Parliament and burned the politicians alive — like a souvlaki," said one interviewee
A population of 11m with 1.5m uninsured cars Greek banks have lost $63.5bn in deposits - 20pc of GNP -, with up to $20.7bn gone in the last two months alone. Greek families are sending their life savings abroad amid fears their banks could collapse.
As families cut back, the number of uninsured drivers has risen by 500,000 in a quarter to 1.5 million.
“I am impressed that the people have not yet stormed into Parliament and burned the politicians alive — like a souvlaki," said one interviewee
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