Greece fucking up the Euro

ah my country gifted 5 billion euros to greece and we don't have enough for paying subsistence salaries here....

 

Gifted?? it's a loan, Greece will be paying interest on that loan.. unless Greece turns rouge all the country's loaning money to Greece will be better off. Plus until that time EU ownes a piece of Greece's ass.

The debt/GDP etc of Spain what everybody is soooo worried about is less then the UK, both Spain and Portugal are cleaning up their acts and for them it was not too late as for the lying Greece.

These rumors after Greece about all the south european countries are just panic attacks on the Euro zone, nothing else.
Greece's economy is peanuts.

A little rumble in the Eurozone still looks better then the mess the US/dollar is in at the moment.

 

it's a loan, that _I_ (and most of the economists) feel will never be repayed.

most people think that greece will default in 2 years when the economics will be more stable and germany will allow them to...

 

About a year ago I was reading an article dealing with the media frenzy about replacing the dollar as the global currency, and the writer mentioned that the Euro will always have limitations because it's tied to not only the best performing governments in Europe but also the worst. I think the writer mentioned mentioned Greece and Italy specifically when talking about how safe your investment would really be over time. It seemed like a bit of a stretch to me, even I was thinking about going Euro, but I guess the writer knew what he was talking about...

 

I'd rather invest in a currency that is stabilized by good and bad performing countries to end up somewhere in the middle than the US which once they go down go out with a blast, to say the least.

 

Greece, like many countries, has a corrupt mentality all over. It's from top to bottom really and there are no exceptions - it's their culture to slack and go for easy money, letting the worries to come and haunt them later.

That said, this is clearly the fault of people who ate at key positions, not people like myself who barely make enough as it is.

 

We should be careful.

There is this synthetic idea that the Greek people have it "too good" and they are "lazy". That's always the first thing the media and Wallstreet do when they are attempting to attack an innocent. They always blame the victim.

There is a systematic economic attack similar to warfare against the Greek people. The demands of the hedgefund speculators are the same demands that have been asked of innocent people all over the world. Loose your pensions, loose your benefits, loose even more of your standard of living, and give your money to the corporations.

I hope the labor unions can fight back this attack and save the living standard of the people.

 

already 3 deaths in rioting....

not going to be good for tourism this year...

 

we make salami out of the meat, no worries

 

Perhaps I'm a layman when it comes to financial folly, but if Greece is doing so bad, why bail them out? Wouldn't any kind of bail out de-value the currency and just pull everyone down? Wouldn't it be easier just to cut out the cancerous leg and save the rest of the body? (^_^); Or is Greece printing money to pay for debts which is causing hyper inflation or something?

 

Greece is of geo-strategical value to the EU

 

Hedgefunds are destroying Greece's economy. They are attacking their bonds and credit rating. This is to force a bailout. The most troubling is the on going impotence of the EU to protect their allied nation state against these private speculators.

 

Well... it was 88... and I get paid in dollars. So, it's like nails in my sphincter. It has clearly made me a cold, mean old bastard when I hear people bitch about FX, as you can tell from my statement.

For the most part, I wouldn't care, but I was really, really short-sighted to not change a lot of my nut into yen at about 115 or 120... I mean... ALL my dough comes in in dollars.... I'll always get more. Rookie mistake. Live and learn.

 

Hedge funds and speculators didn't create the situation where Greece was unable to make it's debt payments because it didn't have enough cash. They also didn't create the generous packages for public workers or misrepresent Greece's financial situation overall. The speculators came in after the disaster came to light.

I can't say I'm a fan of Wall Street but by raising the interest level on new debt they're in fact forcing Greece to make the changes they have to make, otherwise it would just continue as business as usual.

 

There are two kinds of people in this world. Bankers.....and you.

Are you a banker?

If not, then I think we should all be on the side of the Greek people. Generous packages should be given to all workers and a central bank that is run by the people not private interests and adequate protection from wallstreet speculators.

Let's not blame the victim here. The Greek people do not live like kings. Do attack your fellow man. Attack wallstreet. We have debt here in the USA, Japan, and other countries....this is a systematic attack on Greece.

 

Every time money was 'loaned' to Greece it went into corrupted politicians' pockets.... Little by little it lead Greece into the mess it is now.

 

You can say the same thing about the USA, UK, Japan, Spain, Ireland, Portugal......

Why should the people pay for the mistakes of the elites? Make the elites pay and stop the unregulated speculation against the people of Greece. No austerity measures, no pay cuts, no cuts to the pension plans, no IMF loans.