Jump to content

Greece


Recommended Posts

god, I am so glad to live in America where we don't have these problems. Like our government and elected officials or not, at least right now - at least we are not going thru this!!!!

The bigger they are, the harder they fall.

Link to comment
Share on other sites

  • Replies 90
  • Created
  • Last Reply

Top Posters In This Topic

I was not being serious, at all.

I know that because you rarely are. That's not a knock, BTW. Now that i have your attention, I have to disagree with you re the Confederate flag. I think they should remove it. What do you think?

post-9928-0-01449900-1435986708_thumb.jpg

Link to comment
Share on other sites

I know that because you rarely are. That's not a knock, BTW. Now that i have your attention, I have to disagree with you re the Confederate flag. I think they should remove it. What do you think?

not my type. i once fancied that type, but not anymore. don't need the big jugs or the thickness. petite is my thing.

Link to comment
Share on other sites

not my type. i once fancied that type, but not anymore. don't need the big jugs or the thickness. petite is my thing.

So, you're saying keep the flag? It would appear that you'll be making a lot of men happy at the tail gate opener this year. :sick:

Link to comment
Share on other sites

http://news.yahoo.com/greece-votes-high-stakes-bailout-referendum-050534077--finance.html#

The "no's" have it.

 

We will find out soon whether socialist Europe is willing to let the Greeks "starve" or continue to fund their entitled lifestyles.

 

I especially like that the Greeks want a loan that begins repayment after 20 years with 30% of the amount automatically forgiven. Obama could use those same guidelines for student loan debts.

Link to comment
Share on other sites

Many economists, including those at U.S. banking giant JPMorgan, reckon the outcome of Sunday's referendum will probably hasten Greece's exit from the euro.

 

"Although the situation is fluid, at this point Greek exit from the euro appears more likely than not," JPMorgan's Malcolm Barr told clients on Sunday evening, adding 'Grexit' was now the bank's "base case".

 

"'No' most likely means EMU exit," Barclays told its clients.

 

As Asia-Pacific currency trading got underway, the euro fell more than 1 percent against the U.S. dollar EUR= and more than 2 percent against Japan's yen EURJPY=.

 

http://mobile.reuters.com/article/idUSKCN0PF13320150705?irpc=932

Link to comment
Share on other sites

I know that because you rarely are. That's not a knock, BTW. Now that i have your attention, I have to disagree with you re the Confederate flag. I think they should remove it. What do you think?

 

That's a hell yes where in god's name do i sign up.

Link to comment
Share on other sites

Here's the problem in a nutshell; europe will write-off a quarter Trillion in loans if greece defaults, half that if they include debt relief in the bailout package. Coupled with their otjer problems thats a rough pill to swallow. However from greeces perspective, austerity measures without relief never made any sense unless the goal was to delay the inevitable. But for them it just made living standards worse and dragged it out with no hope in sigjt. Greece did the right thing by rejecting the bailout and putting the onus back on Europe.

----------

 

Now it's Europe's time to decide: Save Greece or not?

 

July 06 LONDON

Europe is fighting fires on all sides: Migrants pour in from north Africa. Ukraine teeters on the brink. And the scars of the global financial crisis are still healing.

 

Now the region's leaders have another crisis to deal with, and one that could strike the biggest blow to European integration in 60 years.

The Greek people's resounding rejection of Europe's terms for a financial rescue demands a response.

 

Granting Greece debt relief may cost creditors 127 billion euros, most of that falling on Europe, according to RBS analysts. Letting the country go would cost at least 227 billion, they estimate.

 

http://money.cnn.com/2015/07/06/news/economy/greece-crisis-europe-dilemma/

Edited by JTSP
Link to comment
Share on other sites

Greek unemployment rate is 26%. Sometimes you just have to listen what people say:

 

Many people said they had little reason to fear the uncertainty of rejecting Europe's bailout offer after five years of economic pain.

 

I have been unemployed for three years, said Chloe Palaska, 40, once a French-language teacher. What do I have to lose?

 

http://www.washingtonpost.com/world/greeks-cast-ballot-on-nations-future-in-europe/2015/07/05/cbb0a734-20d7-11e5-a135-935065bc30d0_story.html

Link to comment
Share on other sites

This is what socialism does.

 

 

 

Greece blinked and its last six months of chaos have been a complete waste

by Mike Bird

 

Original Article

 

"Elections change nothing. There are rules." Those were the words of Wolfgang Schaeuble, Germany´s finance minister and the nightmare of Europe´s anti-austerity movements.

 

And looking at the bailout proposal that Greece submitted to its creditors on Thursday night, he wasn´t wrong. The Greek government is accepting the overwhelming majority of the deal just rejected at its referendum, and will get no up-front debt relief. The government will have to run primary budget surpluses, cut pensions and make significant structural reforms, all in exchange for about €53.5 billion (£38.57 billion, $59.44 billion).

Edited by B-Man
Link to comment
Share on other sites

Greece's problem is by being in the euro they lost control of monetary policy. Imagine US if we couldn't lower rates ....almost to zero in our case....to drag us out of credit crisis. Good article on it:

 

http://mobile.nytimes.com/2015/07/10/opinion/paul-krugman-greeces-economy-is-a-lesson-for-republicans-in-the-us.html

Edited by JTSP
Link to comment
Share on other sites

×
×
  • Create New...