Life and Debt: A Greek Tragedy (merged)

[Penguin]

Originally Posted by Oberon

How much do you want to bet that Italy is going to find some loans given to Britannia during the Roman occupation?

Here we still have to pay a hefty fine for the Roman occupation - we call it Köln.

[mapuc]

Another thought

Could it be so, the Greece voted no, with the mind set on living as they always have, with the same benefit. Meaning.

"I vote no, so I can keep on living good as I always have. I don't want to see my benefits go away."

Markus

[Oberon]

Originally Posted by mapuc

Another thought

Could it be so, the Greece voted no, with the mind set on living as they always have, with the same benefit. Meaning.

"I vote no, so I can keep on living good as I always have. I don't want to see my benefits go away."

Markus

Honestly, I don't think so, because the average Greek doesn't really have much in the way of benefits to go away. As many have pointed out, no matter what way Greece went with the referendum today, it was still going to be majorly screwed over in the immediate future. I think that this vote, if anything, is partially national pride, a determination to stick two fingers up at what has been portrayed as an overbearing European presence in Greek internal affairs. In a way, it's not that much different to all the other anti-EU movements which have been spreading throughout Europe over the past decade.
The Greeks know that hard times are coming, but it will be on their terms rather than on Berlins. In theory at least.

To quote the film 'Gandhi': "Mr. Kinnoch, I beg you to accept that there is no people on Earth who would not prefer their own bad government to the good government of an alien power."

[Torplexed]

Argentina is often cited as a precedent for successfully defaulting when it abandoned the policy of pegging it's peso to the dollar. However, Greece faces a number of unique challenges. Unlike Argentina, Greece's economy and foreign policy are deeply intertwined with those of its European partners. Partners whom the Greeks have just greatly annoyed and who have strong incentives to ensure that Greece gets the raw end of the stick for the next few years. Greece also doesn't have a vast quantity of raw materials or finished goods it can export.

And while things went well for Argentina in the short term, they've gone sour with inflation in the long term.

[mapuc]

Originally Posted by Oberon

Honestly, I don't think so, because the average Greek doesn't really have much in the way of benefits to go away. As many have pointed out, no matter what way Greece went with the referendum today, it was still going to be majorly screwed over in the immediate future. I think that this vote, if anything, is partially national pride, a determination to stick two fingers up at what has been portrayed as an overbearing European presence in Greek internal affairs. In a way, it's not that much different to all the other anti-EU movements which have been spreading throughout Europe over the past decade.
The Greeks know that hard times are coming, but it will be on their terms rather than on Berlins. In theory at least.

To quote the film 'Gandhi': "Mr. Kinnoch, I beg you to accept that there is no people on Earth who would not prefer their own bad government to the good government of an alien power."

Thank you for your answer.

I had two things on my mind when writing. Their retirement age is about 53 years. And the EU want Greece to raise it to 67. and their vacation pay, who should be something out of the ordinary was also forced to be changed(have heard it in a news program)

But I'm not an expert on Greece or state economics I can only reply what I read/see and hear on the news and Internet.

And even that is difficult-´cause I seem to get different information depending on which channel I watch or which Internet page I read

Markus

[Schroeder]

Originally Posted by Penguin

we call it Köln.

Which is Cologne in English for all those not familiar with how German cities are really spelled.

[Torplexed]

Originally Posted by Schroeder

Which is Cologne in English for all those not familiar with how German cities are really spelled.

Ha! Next you'll be telling us that Munich is really München.

[Oberon]

Originally Posted by Schroeder

Which is Cologne in English for all those not familiar with how German cities are really spelled.

Explain Bielefeld then.

[Onkel Neal]

One of these days it will be us

http://www.usdebtclock.org/

[Oberon]

Originally Posted by Neal Stevens

One of these days it will be us

http://www.usdebtclock.org/

Nah, Obamas Communist-fascist FEMA deathcamp dentist Muslims will have enslaved the US and money will be outlawed by then.

[Rhodes]

Varoufakis resigns!

We have a expression here, "viram-se gregos para cá chegar!" Translate like someone fell greek to arrive/come/complete something, do to the language beeing hard/complecated to understand.
I think the greeks are indeed felling greeks...

[Schroeder]

Originally Posted by Oberon

Nah, Obamas Communist-fascist FEMA deathcamp dentist Muslims will have enslaved the US and money will be outlawed by then.

And people will be forced to marry someone from the same sex.


Anyway, at least that clown Varoufakis has stepped down.
http://money.cnn.com/2015/07/06/news...gns/index.html

Don't think it'll change that much though.

*Edit* Damn you Rhodes you ninjaed me.

[Rhodes]

Originally Posted by Schroeder

*Edit* Damn you Rhodes you ninjaed me.

Sorry Schroeder, it was my first time!

For what I saw/read in the news, It's to facilitate the new negotiations and deals.

[STEED]

Originally Posted by Neal Stevens

One of these days it will be us

http://www.usdebtclock.org/

I'm not too well up on America but from the news I see America keeps raising the debt ceiling by another trillion every year if you keep doing that wouldn't that mean a bigger fall? Seems America has no answer to the debt problem. Of course here in the UK they are so focus on trying to get the government deficit down the last government added to the national debt!

As for Greece their no vote shows they will not be dictated too for how long only time will show us that. The EU will probably not allow them to leave with out a fight because that would show weakness and could open the door for Spain Italy Portugal and Ireland and maybe even the UK.

[Catfish]

With the international money system there will never be a balanced national budget, no country is ever able to pay back its debts.

As soon as you allow interest, the downfall is inevitable. All you can do is delaying, delaying, delaying, and then have a war and/or a monetary reform.

This is not very new, b.t.w.