Dexi Posted December 19, 2011 Report Share Posted December 19, 2011 How long before the ECB starts QE ( money printing )? Germany is against it because of inflation worries but its either that,or the PIIGS default on their debts and trigger a banking crisis and recession .I know which I would prefer Link to comment Share on other sites More sharing options...
Steve Posted February 10, 2012 Author Report Share Posted February 10, 2012 http://news.yahoo.com/greece-deal-fails-convince-eu-demands-more-000157119.html Greeks strike against austerity, EU demands more cuts I saw this article and it relates to this thread I started a while back. I don't blame the Greeks for not trusting the government that got them into the mess in the first place. On the other hand I get the feeling that a lot of them are a bit spoilt and no matter what, they won't adjust their current benefits that they've enjoyed for some time. Something has to give. I don't think the people have a choice frankly or they will implode. Perhaps they do think they have leverage. If they implode is it possible that they take other countries with them to clean up a lot of the mess? They are part of the EU and its a collective to some degree, right? What are your opinions with regards to Greece? Link to comment Share on other sites More sharing options...
Guest lazyphil Posted February 10, 2012 Report Share Posted February 10, 2012 tax dodgers Link to comment Share on other sites More sharing options...
Julian2 Posted February 10, 2012 Report Share Posted February 10, 2012 Totally agree, income tax is an anathema. They should give it to Turkey as a minor province. Link to comment Share on other sites More sharing options...
Guest lazyphil Posted February 10, 2012 Report Share Posted February 10, 2012 i'm happy we're not in the euro, but not smug because it could bring us down with it if the experiment fails.....get ya white lab coats on everyone and your protective goggles on Link to comment Share on other sites More sharing options...
kamui Posted February 11, 2012 Report Share Posted February 11, 2012 http://news.yahoo.co...-000157119.html Greeks strike against austerity, EU demands more cuts I saw this article and it relates to this thread I started a while back. I don't blame the Greeks for not trusting the government that got them into the mess in the first place. On the other hand I get the feeling that a lot of them are a bit spoilt and no matter what, they won't adjust their current benefits that they've enjoyed for some time. Something has to give. I don't think the people have a choice frankly or they will implode. Perhaps they do think they have leverage. If they implode is it possible that they take other countries with them to clean up a lot of the mess? They are part of the EU and its a collective to some degree, right? What are your opinions with regards to Greece? In the next weeks we will see if Greek is going bankrupt and will be forced to leave the EU, or if it will survive with strong financial support by the EU (and especially by German tax payers). The EU is totally fed up with the lies and empty promises of the Greek government. For example, last summer Greece said, that they will be able to recover around 50 Billion EUR in unpaid taxes, now we learnt that this number is completely fictional, or Greece promised to cut 3.000 governmental jobs (while they need to cut several hundred thousand jobs), but they were unable to fire the promised the extremely small number of 3.000 workers. Now they promise to cut 15.000 jobs in 2012 and 150.000 jobs until 2020.... It is clear that the Greek economy is imploding. This might cause huge eruptions in the Greek society. And the austerity measures demanded by the EU is making the situation even worse. On the other hand, Greece had lost any good will, by cheating the EU since they entered the EU. Since decades every statistic about their economy the Greek submitted to the EU was fake. Now it is the first tim in the history of the EU, that the EU is not looking for a false and poisoned compromise, but for real, accountable action. And since 2-3 weeks the first high-ranking EU officials are talking about a possible bankruptcy of Greece. This had been a nono until December. No one really knows what happens to the EU if Greece goes bankrupt, but on the other hand we all fear, that if the EU is keeping Greece afloat it will become a bottomless pit... Anyway, the decision, if the EU will keep on supporting Greece (it will be more than 100 Billion EU) has to be made in the next two weeks. Without EU money Greece will go bankrupt in March. Link to comment Share on other sites More sharing options...
Steve Posted February 12, 2012 Author Report Share Posted February 12, 2012 Beware of Greeks bearing debt. Sorry, had to do it. It was such an inviting pun. If I were the EU I'd let Greece go at it alone. Any organization such as EU MUST be made of trust. If the Greeks can not be honest now, they will get bailed out and can't be trusted to be honest in the future. You get the government you deserve and the Greeks have elected people that aren't trustworthy (America is no so dissimilar). The only possible way were I to loan money if I were the EU is to have my own people in the Greek government looking over the books and being able to observe all financial dealings. Turkey must be snikcering to themselves. Given Kamui's info, I'd let them rot. Link to comment Share on other sites More sharing options...
Flashermac Posted February 12, 2012 Report Share Posted February 12, 2012 Look for Greece for sale on eBay? Link to comment Share on other sites More sharing options...
BelgianBoy Posted February 12, 2012 Report Share Posted February 12, 2012 (and especially by German tax payers) just a wee bit brainwashed are we ? sure that you bear the grunt of it, but it is as much of my taxmoney as it is yours..... Greece is now looking for a 130 billion Euro loan or default in march, as simple as that..... enough is enough. BB Link to comment Share on other sites More sharing options...
Steve Posted February 13, 2012 Author Report Share Posted February 13, 2012 So, a possible conclusion is that the Greek legislature has no choice but to agree to the EU's demands and the people protest, even riot in opposition. If that scenario happens I wonder if the Greek government will be able to carry out the reforms and financial cutbacks as the people will be against it? If they can't then the EU may just hold their hands up in disgust and cut them loose? Link to comment Share on other sites More sharing options...
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