cavanami Posted July 9, 2015 Report Share Posted July 9, 2015 It always falls on to Joe the plumber to bail out these azzhole banks, politicians and governments! Waaaaay past time for some public hangings in the town square...lynch a few of these idiot politicians, would get things fixed pretty damn quick!!! Link to comment Share on other sites More sharing options...
Guest Posted July 9, 2015 Report Share Posted July 9, 2015 500 million people, governed by a headquarters based in Brussels, employing over 30,000 people for what ? Only to decide interest rates, and the taxes of other countries, clean the offices and toilets think of stupid laws, and generally shift paper around ......... These dangerous people need to be shut down as soon as possible. Fortunately, more people in Europe are understanding the big picture. Those that are making money of course want the myth to continue ... Who can say this man is wrong in what he says... Link to comment Share on other sites More sharing options...
bust Posted July 9, 2015 Report Share Posted July 9, 2015 It always falls on to Joe the plumber to bail out these azzhole banks, politicians and governments! Waaaaay past time for some public hangings in the town square...lynch a few of these idiot politicians, would get things fixed pretty damn quick!!! Link to comment Share on other sites More sharing options...
Dexi Posted July 9, 2015 Report Share Posted July 9, 2015 Nigel Farage in the UK seems spot on with his views.The fat cat euro politicos in Brussells want an " ever closer " union in Europe despite what the populations actually want. Link to comment Share on other sites More sharing options...
baa99 Posted July 9, 2015 Report Share Posted July 9, 2015 ... but the Greeks want to stay in the EZ and EU! They just don't want to abide by the rules and obligations. Here is a little perspective on government workers, In 2009, there were 952,625 public employees but in 2013 their number fell to 675,530. According to Greek news, a percentage of them retired, but the vast majority were working on contracts that were not renewed. - See more at: http://greece.greekreporter.com/2014/07/21/greek-public-sector-employees-reduced-by-267-095/#sthash.ixJQjThz.dpuf This in a country of 11 million! So the EU having 33K employees in a population of 500 million is quite austere. Link to comment Share on other sites More sharing options...
Coss Posted July 9, 2015 Report Share Posted July 9, 2015 That talks about how harsh the IMF is, but what caused Greece to require financial aid to begin with? Spend within your means and there is no need to borrow money. Ah yes, but all countries borrow, by way of illustration , NZ has borrowing about 30% of GDP, Laos is just about to borrow to build a railway that'll cost 80~90% of GDP, for the one project. I agree about lynching, who made the decision to borrow so much that couldn't be paid back, lynch them. Link to comment Share on other sites More sharing options...
baa99 Posted July 9, 2015 Report Share Posted July 9, 2015 Look at the history of the drachma. The Greeks have never shown any fiscal responsibility. The drachma lost value at 10X the rate of the USD! Link to comment Share on other sites More sharing options...
cavanami Posted July 10, 2015 Report Share Posted July 10, 2015 When Germany converted from the German mark to the Euro, it went like one beer used to cost 3 Marks, now it costs 3 Euro! Huge inflation!! It used to be about 3 Marks to $1 USD and the Euro could be initially bought for $0.87 USD. That's what the EU and Euro brought to Germany at the start of the Euro!! Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2015 Report Share Posted July 10, 2015 In the case of Europe, doesn't it work something like this, the central bank creates the Euro currency and loaned it to Greece with interest. This interest of course, can't be paid back because only the central bank can print the currency. This means that Greece had to take new debt from the central bank to repay the older debt. This cycle went on and overall debt of Greece continued to increase. Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2015 Report Share Posted July 10, 2015 The central bank owns a press in the Athens suburb of Holargos that prints euro notes. Under emergency powers could not the Greek government take control of the bank, and the printing press. Then print billions and billions of Euros ....... Sure it might well cause some problems, but at least they would be making money. Link to comment Share on other sites More sharing options...
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