What's going on over there...
I'm hearing another bailout package Euros130B or AUD$170B. Population of little old Greece is only 11M. That's about AUD$15,000 for every single Greek person...
Doesn't it usually go straight to the banks and the pockets of the big boys who then skip town[}:)]
Oh I thought this was going to be a video about crashes at the Karpathos Speed sailing event - my bad.
If every one in Australia bought one souvolaki from their local Greek grease shop , and instructed the owner to send the profit back to Greece .
That would make absolutely NO difference to the Greek debt !!!
Apparently China offered to buy a Greek City by paying off all the debt and adding another 150 billion dollars for incentive... Not a half bad concept. Forget talking a city by force. Just buy the entire world
From the ordinary Greek citizens perspective it is a stuff up of all proportions.
From the central bankers perspective everything is running according to plan. They knew that Greece would not be able to repay the loans, just as they knew that Portugal, Italy and Spain will not be able to pay them either.
If you have a serious think about it you will also realise that for the likes of the IMF there is no real loss. After all they printed the money in the first place. Well they did not actually print it, they created it as electronic credits.
Where they gain is twofold, through the creation of financial chaos and secondly through greater control of government because that is the ultimate goal, complete centralisation of both government and the financial system
By the time the whole plan plays out the average Jimmy on the street will be so stressed out that he will accept anything. I can hear George Orwell chortling through his coffin lid!
^They might be lazy, that is certainly the perspective the Krauts are trying to put across. It is irrelevant whether they are or not. The point is is that the debt was not incurred by the average Greek on the street but by politicians and bankers,
The average Greek will be the one to suffer.
Top vid Japie. Totally agree with that pom and good on him for making that statement.
They must be so stoked they didnt join the euro, what a mess.
Greek bail out -> + Greek youth bailing the country looking for work.
It's the same in many other countries: politicians postponed tough decisions in order to get reelected, borrowed to pay for it, and that's it. It's just that Greece "broke" first. Coulda been any of a string of countries who barely make the interest payments on their national debt each year.
Australia's federal debt is what, 250B$, probably a high ratio debt-per-ocker given a small population. Countries like Australia and Canada will make up for the external debt by selling off it assets (minerals, oil, 'investment' properties). Countries like Greece have little left to sell - except a city now it seems...
I remember only 20-25 years ago, you could see "Made in Greece" products - it's over now.
They will own us and don't rely on your super or pension. They will get that too.
They gave us geometry.
Where would we be without geometry?
We should return the favour with lots of money.
The world would be a terrible place without geometry.
(BTW, I thought this thread would be about a pro suddenly changing her mind about the tradesman's entrance...)
Why should anybody bail out the Greeks so they can continue to retire at age 50 and go on the pension???
www.thestar.com/business/2010/04/28/in_greece_you_get_a_bonus_for_showing_up_for_work.html
The PIGS are in this mess because the they have been living beyond their means for too long. I thought bailing them out had more to do with keeping the euro low as it benefits exports for Germany and France.
It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.
On particular day a rich German tourist is driving through the stops at the local hotel and lays a €100 note on the telling hotel owner he wants to inspect the rooms upstairs in order to choose one to spend the night.
The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.
The guy the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.
The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The hooker rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.
The proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the €100, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything. No one earned anything.
However, the whole village is now out of debt and looking to the future with a lot more optimism.
