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oh, so it's all the banks' fault for lending them money. Nothing at all to do with any responsibility whatsoever from the Greeks for borrowing it.
But the whole point is that they were making planned repayments anyway. What has happened is that the country has said 'paying people back what we owe them is boring as hell, so we're not going to bother anymore - make all the other people in Europe who actually take some responsibility sort it out instead'. And some of the people that will be affected by it (i.e us) are saying ' well done'.
But they have history for it I guess - they always thought paying tax was boring as well. Social security - now that's something they didn't find dull.
And if you want them to default on money owed to the banks, can I suggest that they start by taking any money that you have in the bank as a starting point? After all, some of those tax evading Greeks might fancy a night out on the ouzo and you surely won't miss it if you're so keen on them not paying it back.
It's the fault of the German political machine and the fallacy economic wise of a one size fits all single currency. Everyone and his dog knew that countries with such low GDP's such as Ireland and Greece most of all were going to fail every economic test to join the Euro but the Brussels political machine and the German central bank bent the entry criteria and let them in anyway. Now the German populace is calling the Greeks lazy work shy b*stards when there is no industry there. They didn't mind when in the early 2000's they were pushing all of their VW's, Mercs and BMW's into Greece and they didn't care if they had the money to pay them back or not. It's called irresponsible lending
Each time I go to Bedd - au........................
It's the fault of the German political machine and the fallacy economic wise of a one size fits all single currency. Everyone and his dog knew that countries with such low GDP's such as Ireland and Greece most of all were going to fail every economic test to join the Euro but the Brussels political machine and the German central bank bent the entry criteria and let them in anyway. Now the German populace is calling the Greeks lazy work shy b*stards when there is no industry there. They didn't mind when in the early 2000's they were pushing all of their VW's, Mercs and BMW's into Greece and they didn't care if they had the money to pay them back or not. It's called irresponsible lending
Just further proof of how bent and unworkable the entire EU project is in its current state.
Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back.
Just further proof of how bent and unworkable the entire EU project is in its current state.
Absolutely. It's almost like the Germans in particular want to call the tune over every other state in the E.U. Now I'm sure they've tried that some time before................. That YouTube video by that Scottish Ivy League professor on the mechanics of austerity and the differences in how the U.S. and the E.U. both dealt with the financial meltdown. It's about an hour long and it appeared on another thread on here recently but I can't find it. An eye opener to say the least.
Each time I go to Bedd - au........................
Seems around 15% of the debt is held in government bonds, negotiate that debt down by half! The ruling party also want the Germans to repay a war debt worth over €11 billion in today's money
Seems around 15% of the debt is held in government bonds, negotiate that debt down by half! The ruling party also want the Germans to repay a war debt worth over €11 billion in today's money
How ironic. Practice what you preach then eh Deutschlanders...............
Each time I go to Bedd - au........................
Seems around 15% of the debt is held in government bonds, negotiate that debt down by half! The ruling party also want the Germans to repay a war debt worth over €11 billion in today's money
The countries that lent Greece the money as a condition outlined plans for Greece to privitise the large public sector there. Greece probably has to do this to get out of the hole it was in, but its upset the Greeks when there are people from the countries that lend them the money queing up to buy public companies at kncoked down prices. The whole thing stinks from both sides of the argment. They have used democracy to vote for there current Left wing goverment and everyone should respect that. Just waiting for the gaurdians of democracy in the west to do almost everything in its power to topple the current regime.
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