Are you watching Greece implode?

[werepossum]

That's like watching the crack addict or smoker next to you fall over dead. Sure it sends a point, but anyone listening to reason wouldn't be next in line in the first place.

It will not change anything over here. We are moths to the flame.

Funny and true.

 

[StageLeft]

That's like watching the crack addict or smoker next to you fall over dead. Sure it sends a point, but anyone listening to reason wouldn't be next in line in the first place.

It will not change anything over here. We are moths to the flame.

Perhaps we'll find out

 

[Zebo]

Uh oh, I'm surprised those "Germans owe us for WWII" guilt trips didnt work been working for Israel for 60+ years. (not bashing Israel just sayin)


German Government 'Will Not Give One Cent to Greece'

In the ongoing political and fiscal blow up in the EU over Greece, German MPs called on Greece to sell some of their uninhabited islands and have now commented that they will not give one cent to Greece. The Greek Prime Minister said that they did not want 'one cent', but that might be because they are holding out for a few billion. I would not hold by breath if I was them. Things are not looking good if you hold Greek debt.

 

[dmcowen674]

why are some of you looking forward to another country failing?

how does that benefit us?

how will it effect the global economy?

how will it effect the usd/euro?

(asking a question, not being confrontational)

Because the "Global Economy" has been proven to nothing but yet another rich boys scam and sham.

Collapse the shit and real citizens will take over and rise up from the ashes.

 

[Oric]

how much the Greek government spend on weapons ?

 

[alphatarget1]

Explain.

http://www.economist.com/blogs/charlemagne/2010/02/greeces_generous_pensions?page=1

 

[ElFenix]

Because the "Global Economy" has been proven to nothing but yet another rich boys scam and sham.

i'm fairly certain that the "global economy" has created a middle class which is larger as a % of the total population than at any other point in history

 

[Zebo]

LOL Greeks whining up a storm about 65 years ago trying to guilt trip. Now calling Germans "economic nazis" and and that they ruined Greece. Uh... no Greece was always a POS always been spend thrifts like all the Mediterranean economies or drunk fundi Irish. ie the PIIGS +++. Everyone warned against this when Euro was established that Germany would end up supporting all these deadbeats.

http://news.bbc.co.uk/2/hi/europe/8536911.stm

Outrageous!

 

[Zorkorist]

I can pretty much gaurantee you that the people of Greece were and are, just like you and I. That they elected a Government(s) that fucked them,

Is what we are currently doing in America.

-John

 

[StageLeft]

I can pretty much gaurantee you that the people of Greece were and are, just like you and I. That they elected a Government(s) that fucked them,

Is what we are currently doing in America.

-John

They deserve what is happening to them, just as Americans will if it comes to the same. Citizens of a dictatorship do not deserve what ails them but those willingly electing their government and therefore directing it absolutely take the blame for its mistakes.

http://www.cnbc.com/id/35810290

I read that the US had a $220B deficit last month. http://www.google.com/hostednews/ap/article/ALeqM5g-YziTsAJw1ofv-BiXk2MoSXknwQD9EBVD6G0 In just one month. I wonder if the US will have its own austerity programs in time. Probably not for a long time. If the people of Greece really were and are like everyone else public employees of the US will also fight tooth and nail until the very last drop of public money is quenching their insatiable thirst.

 

[Munky]

i'm fairly certain that the "global economy" has created a middle class which is larger as a % of the total population than at any other point in history

That may be true, but "global economy" is not the same as "global economic policy." I have no problems with private businesses operating across national borders, but I would argue that geo-political-economic unions like the EU only benefit the few at the top of the pyramid while falsely promising "economic prosperity" to everyone below.

 

[StageLeft]

This is very funny, what a bunch of wankers.
http://www.cnbc.com/id/35835153

 

[Exterous]

This is very funny, what a bunch of wankers.
http://www.cnbc.com/id/35835153

Funny and sad at the same time

But it also covers radio and television presenters, who are thought to be at risk from the bacteria on their microphones, and musicians playing wind instruments, who must contend with gastric reflux as they puff and blow.

Hazardous jobs my ass

Wait - I type on a keybaord all day long - it's one of the dirtiest things you can handle. Do I get to retire at 50? We should let bank tellers retire at 50 too since they handle all that filthy money.

 

[StageLeft]

Funny and sad at the same time



Hazardous jobs my ass

Wait - I type on a keybaord all day long - it's one of the dirtiest things you can handle. Do I get to retire at 50? We should let bank tellers retire at 50 too since they handle all that filthy money.

This sh*t all has to end, all that rubbish in Greece, and I truly believe it will. They will be pulled kicking and screaming toward a sustainable economic reality, or at least a lot closer to one. It's no wonder the union workers are pissed, a hair dresser retiring at 50.

 

[Mursilis]

This sh*t all has to end, all that rubbish in Greece, and I truly believe it will. They will be pulled kicking and screaming toward a sustainable economic reality, or at least a lot closer to one. It's no wonder the union workers are pissed, a hair dresser retiring at 50.

Of course, as the article notes, it's not just the Greeks sitting on an economic time bomb - the US is as well. Democracy has just devolved into mob rule with slightly more structure, and just as short-sighted.

 

[juiio]

The eurozone has agreed a multibillion-euro bailout for Greece

 

[werepossum]

The eurozone has agreed a multibillion-euro bailout for Greece

Since we are so much bigger than Greece and so much of the EU's profits are generated in the USA, I'd like to be the first to recommend that the EU begin working on our bailout right now.

 

[JEDI]

Every stock i have is now in positive territory, except my international index.

it's composed of 50% europe/25% japan/25% emerging markets.

japan is up 4%, emerging markets at 1%, which means Greece is majorily dragging down the european index?

 

[StageLeft]

http://www.cnbc.com/id/36253742

Greek bank shares lost nearly 7 percent on Thursday after government yield spreads hit a fresh euro lifetime high of 441 basis points, highlighting pressure on the sector from the country's recession and fiscal crisis.

Greece is still screwed. I know there was talk about that aid package but it was not as sure as some were led to believe.

 

[JEDI]

EU set to offer Greece 30 billion euros in aid

http://money.cnn.com/2010/04/09/news/greece.bazooka.fortune/index.htm

 

[Darwin333]

Of course, as the article notes, it's not just the Greeks sitting on an economic time bomb - the US is as well. Democracy has just devolved into mob rule with slightly more structure, and just as short-sighted.

Except they get to "legally" play accounting games to extend and pretend the problem away. Unfortunately that just means eventually the pain will be many orders of magnitude worse.

 

[ShawnD1]

Looks like the public sector unions are intent to trash their country instead of accepting some cuts in order for their country to pay its bills:

What's interesting is how this really highlights the importance of being able to cause inflation by printing money. Why? Because people don't really think of inflation as being a pay cut. Deep down we know that's what it is, but it seems a lot more low key. The government could have huge pay cuts just by causing maybe a 10% yearly inflation while freezing wages. There ya go, ~10% pay cut across the board.

I know inflation is really bad but sometimes you need to cut off an infected leg to save the rest.

 

[Colt45]

If greece managed 500 years under the Turks, the Balkan wars, WWI, genocide inflicted on them by Turks thereafter, WWII, the Greek civil war, the junta... a little economic fail is just a drop in the bucket.

The Balkans will never be peaceful for long. It isn't really possible.

 

[Darwin333]

What's interesting is how this really highlights the importance of being able to cause inflation by printing money. Why? Because people don't really think of inflation as being a pay cut. Deep down we know that's what it is, but it seems a lot more low key. The government could have huge pay cuts just by causing maybe a 10% yearly inflation while freezing wages. There ya go, ~10% pay cut across the board.

I know inflation is really bad but sometimes you need to cut off an infected leg to save the rest.

If Greece's entitlements are indexed to inflation like ours are it will do much more harm than good to try and inflate away debt.

 

[alphatarget1]

http://news.yahoo.com/s/ap/20100422/ap_on_bi_ge/eu_greece_financial_crisis

It ain't getting any better...