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-   -   Life and Debt: A Greek Tragedy (merged) (https://www.subsim.com/radioroom/showthread.php?t=196482)

Jimbuna 10-10-12 02:08 PM
Quote:
Originally Posted by STEED (Post 1946211)
They went bust long before the first bailout, Greece can never pay the money back.

Greece get out of the euro & EU & that goes for the UK and all the rest.
Whispers abound that ypor mate Dave is starting to consider a referendum :hmm2:

STEED 10-10-12 02:24 PM
Quote:
Originally Posted by jimbuna (Post 1946218)
Whispers abound that ypor mate Dave is starting to consider a referendum :hmm2:
Your killing me jim...:har::har::har::har::har:

Jimbuna 10-10-12 03:56 PM
Quote:
Originally Posted by STEED (Post 1946221)
Your killing me jim...:har::har::har::har::har:
Tis true I assure you....he must be getting a sense of reality :yep:

Gerald 10-10-12 04:58 PM
FOREX-Euro edges higher vs dollar; Spain, Greece eyed
 
Quote:
* Dollar index holds near one-month high

* Euro likely to see range-trade between $1.2820 and $1.31

* Markets eye Greece talk with lenders, Spain bailout move

By Wanfeng Zhou

NEW YORK, Oct 10 (Reuters) - The euro edged higher against the dollar on Wednesday after a two-day decline, but uncertainty about whether debt-ridden Spain would ask for a bailout and Greece would get more money from its lenders could limit gains.

European Union leaders are scheduled to meet at the end of next week, with Spain expected to be a focus of discussion. Euro zone finance ministers delivered a united defense of Spain at a meeting this week, saying the country did not need a bailout, at least for now.
http://www.reuters.com/article/2012/...8LAFGN20121010


Note: update record Wed Oct 10, 2012 2:44pm EDT

Jimbuna 10-11-12 05:17 AM
Quote:
Originally Posted by STEED (Post 1946221)
Your killing me jim...:har::har::har::har::har:
http://cowanglobal.files.wordpress.c...el-sarkozy.jpg
Merkel "If you don't give all your French Euros to the guy standing behind you, Dave and I reckon you'll lose your next election".

Gerald 10-11-12 11:54 AM
Analysis: Greek reform pledge on trial as state sales resume
 
Quote:
(Reuters) - As Greece's privatization program resumes this month, nearly half a year behind schedule, at stake is not just the billions of euros it needs to raise, but the credibility of its commitment to reforms demanded by its creditors.

Greek politicians are under intense pressure at home to resist foreign calls to sell state assets on the cheap and raise fast cash to pay down government debt.

More challenging still will be efforts to use privatization as a tool to uproot corrupt business practices and restore foreign investors' confidence in Greece.
http://www.reuters.com/article/2012/...89A13S20121011


Note: Update record,Thu Oct 11, 2012 12:10pm EDT

STEED 10-11-12 12:37 PM
Quote:
Originally Posted by jimbuna (Post 1946256)
Tis true I assure you....he must be getting a sense of reality :yep:

No such thing, he's trolling for the swing voters vote. :shifty:

Hawk66 10-11-12 12:38 PM
Quote:
Originally Posted by Penguin (Post 1946105)
standing with the people who suffer under the cleptocracy.
As the saying goes: Every (democratic) nation gets the leaders, which they deserve...A lot of people need to have participated in this corrupt economic system...the same is true for some German regions too and almost all other countries have such sectors of 'guided economic incompetence and corrupted societies'. The difference in Greece it this sector was in fact the whole country.

Frankly (not referring to this thread), I also cannot hear the nonsense anymore that the EU is to blaim for every bull**** people, their leaders and the nations do (or not do). People should ask themselves how Europe would look like today if the EU would not be there (forgotten the first half of the 20th century ?).

It's the century of Asia and frankly they have earned it. Look at South Korea: In the beginning of the 60th's they were poor like hell...they got some funding from IWF, some military protection from the U.S and look what they've created in hard work - in spite of a very tense border situation, which is today as worse as the hottest periods in the height of the cold war at the inner-German border...

Also, in contrast to the West - and especially to some European countries- they had and have a master plan in what to invest and in what areas they wanna become leaders.

In most Western countries we talk about our banks, our finance system, our debts (but we happily create more), who gets what money (which we do not have anymore), wince about our incompetent leaders(which we have selected) and guilty are always others but never yourself.

Continue that one or more decades and China might buy the U.S and EU together...

kraznyi_oktjabr 10-11-12 02:05 PM
Quote:
Originally Posted by Hawk66 (Post 1946621)
As the saying goes: Every (democratic) nation gets the leaders, which they deserve...A lot of people need to have participated in this corrupt economic system...the same is true for some German regions too and almost all other countries have such sectors of 'guided economic incompetence and corrupted societies'. The difference in Greece it this sector was in fact the whole country.

Frankly (not referring to this thread), I also cannot hear the nonsense anymore that the EU is to blaim for every bull**** people, their leaders and the nations do (or not do). People should ask themselves how Europe would look like today if the EU would not be there (forgotten the first half of the 20th century ?).

It's the century of Asia and frankly they have earned it. Look at South Korea: In the beginning of the 60th's they were poor like hell...they got some funding from IWF, some military protection from the U.S and look what they've created in hard work - in spite of a very tense border situation, which is today as worse as the hottest periods in the height of the cold war at the inner-German border...

Also, in contrast to the West - and especially to some European countries- they had and have a master plan in what to invest and in what areas they wanna become leaders.

In most Western countries we talk about our banks, our finance system, our debts (but we happily create more), who gets what money (which we do not have anymore), wince about our incompetent leaders(which we have selected) and guilty are always others but never yourself.

Continue that one or more decades and China might buy the U.S and EU together...
^:up:

Jimbuna 10-11-12 04:38 PM
Quote:
Originally Posted by STEED (Post 1946618)
No such thing, he's trolling for the swing voters vote. :shifty:
Could be right there :yep:

soopaman2 10-11-12 08:40 PM
Kind of related, but slightly off topic... (My apologies)

What is Britains relation to the Euro, and its politics?

I am under the impression the Brits never totally commited to the Euro currency.

Making them foresight of the year award winners.

Currency is never a unifying factor for nations, nor should it be, your "New World Order Experiment" is failing, and god bless the queen, for raising up such smart people, must be that British Cynicism.:D


I wish failure on the Euro, not to poke ha ha at Europe, but because this NWO dream only makes interesting literature, and not economic prosperity. At least not in real life.

There is always a loser in economics. Something I wish people in the US would realize.

Oberon 10-11-12 09:25 PM
We're half on the pot, half off it, depending on what government is in power at what time. We refrained from joining the Euro, although there was a lot of talk about it during the early Blair years IIRC.
Britain generally will co-operate with the EU to a point and then will just be bloody minded, usually meaning that we get left out of many of the big decisions. Meanwhile France and Germany get peeved because we're trying to dictate policy to them whilst only putting one foot in the boat, and not fully co-operating with them.
It may be our saving grace if the Euro does fold up, but it's not going to make us friends in Europe, which is a price I expect many in Britain would be willing to take at face value. I just hope that that is not something that bites us on the arse later.

Jimbuna 10-12-12 05:55 AM
The overall unemployment rate in Greece has topped 25% and the level for young people is over 54% :o

I'm wondering if there is an end to the mess they appear to be in :hmm2:

Gerald 10-12-12 02:22 PM
IMF's Christine Lagarde backs more time for Greece
 
http://www.bbc.co.uk/news/business-19922108


Note:Update record, 12 October 2012 Last updated at 16:30 GMT

Gerald 10-26-12 04:38 AM
Funding the gap: Where next for Greece?
 
Quote:
Mythologists might say Greece is navigating a treacherous course between Scylla and Charybdis, the twin perils that threatened to destroy the hero Odysseus.

More prosaically, we might say the debt-burdened country is stuck between a rock and a hard place.

To qualify for the next 31.5bn-euro (£26.6bn) tranche of its 130bn-euro bailout it needs to deepen its already drastic austerity measures.

With this aim, Prime Minister Antonis Samaras and Finance Minister Yannis Stournaras have just finalised their long-awaited debt reduction package worth 11.5bn euros, with another 2bn euros expected to come from tax revenue.

But even they admit this is unlikely to be enough.

Now they just need to get the plan past the fractious coalition government on Thursday, not to mention the troika of inspectors from the European Union, the International Monetary Fund (IMF), and the European Central Bank (ECB), due in Athens on Sunday.
http://www.bbc.co.uk/news/business-19726263

Note: 26 September 2012 Last updated at 14:02 GMT


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