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Greek financial crisis - Page 2
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Thread: Greek financial crisis

  1. #11
    Veteran Member Laberia's Avatar
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    Quote Originally Posted by Raine View Post
    Greece's borrowing before the crisis was below the EU average. The whole world lives in fact on borrowed money, Netherlands, Belgium's, Italy's USA's debts are unsustainable. Virtually every Western country lives on borrowed money, and they are not growing enough to pay back the interests of their loans. It is also agreed by top economists, that these countries will have to default. Greece is simply the top of the iceberg, and part of her problems have to do with the faulty design of the monetary union. Biggest part of her problems are incompetent politicians.
    Yes, but it's important for what you use this debt and also if you can pay it.

    There is a spirit of independence and a love of the country, in the whole people, that, in a grater measure, does away the vast distinction, observable in other parts of Turkey, between the followers of of two religions. For when the natives of other provinces, upon being asked who they are, will say, “we are Turks” or, we are “Christians.” A man of this country answers, “I am an Albanian.” -John Cameron Hobhouse

  2. #12
    Senior Member Lavrentis's Avatar
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    Quote Originally Posted by Scholarios View Post
    in short, corruption.
    The socialist goverments of PASOK must be blamed for this and the economic crisis as a whole.

  3. #13
    Veteran Member Laberia's Avatar
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    Quote Originally Posted by Lavrentis View Post
    The socialist goverments of PASOK must be blamed for this and the economic crisis as a whole.
    Mazi ta fagame.

    There is a spirit of independence and a love of the country, in the whole people, that, in a grater measure, does away the vast distinction, observable in other parts of Turkey, between the followers of of two religions. For when the natives of other provinces, upon being asked who they are, will say, “we are Turks” or, we are “Christians.” A man of this country answers, “I am an Albanian.” -John Cameron Hobhouse

  4. #14
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    Quote Originally Posted by Laberia View Post
    Yes, but it's important for what you use this debt and also if you can pay it.
    To buy German products and F-16s.

  5. #15
    Veteran Member Laberia's Avatar
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    Quote Originally Posted by Raine View Post
    To buy German products and F-16s.
    Who told you to buy this toys?

    There is a spirit of independence and a love of the country, in the whole people, that, in a grater measure, does away the vast distinction, observable in other parts of Turkey, between the followers of of two religions. For when the natives of other provinces, upon being asked who they are, will say, “we are Turks” or, we are “Christians.” A man of this country answers, “I am an Albanian.” -John Cameron Hobhouse

  6. #16
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    Quote Originally Posted by Laberia View Post
    Who told you to buy this toys?
    German banks were begging us to borrow their money. They were distributing freely credit cards, and the government was lured into borrowing more than it could afford because dumb politicians thought interest rates would not dramatically change.

    They gave Greece NOTHING that wasn't spent in Germany, on German goods, in German investments in Greece, or protecting our selves from a monster America and Germany created next door (Turkey)

    Irresponsible borrowers can’t exist without irresponsible lenders. Germany’s banks were Greece’s enablers. German banks built up precarious exposures to Europe’s peripheral countries in the years before the crisis. By December 2009, according to the Bank for International Settlements, German banks had amassed claims of $704 billion on Greece, Ireland, Italy, Portugal and Spain, much more than the German banks’ aggregate capital. In other words, they lent more than they could afford.

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    The Greek bailout was a bailout of German banks. Not a penny of the bail out money went to Greece.

    All these loans have cost Greece 3 TRILLION so far, not counting the human cost.

    It has cost us 3 TRILLION to borrow 200 BILLION, while the irresponsible German banks didn't have to pay a penny. They tricked the EU taxpayer into believing they were bailing out Greece. Greece was destroyed and looted so that German banks can go scot free.

    Greece should have followed Iceland's example, and officially declare bankruptchy long time ago. And that's what we should do now, or as soon as possible.

  8. #18
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    Because they're a Balkan country trying to be like Western Europe, the same fate awaits Croatia. If you don't have colonies you simply cannot compete with Western nations.


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    Quote Originally Posted by Gold-Shekel View Post
    Because they're a Balkan country trying to be like Western Europe, the same fate awaits Croatia. If you don't have colonies you simply cannot compete with Western nations.
    In your wet dreams we could have anything in common with you

    Now sorry to the rest of Balkan nations who are forced to share the same map with Islamic sitholes

    I will agree about colonies, I am the first to say that in the 3rd comment but we can't be associated with countries we have nothing in common like... Bosnia

  10. #20
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    Quote Originally Posted by brennus dux gallorum View Post
    ...
    I think I hit a nerve there, a perfectly normal comment from me resulted in a comment filled with insults from your part with an ethnic map no less. Don't try to deny it, you're Balkan as well, a shithole place and unless you accept it you are doomed. Your attitude is perhaps even worse than the average Balkanite's.


    We'll talk again once you pay your debt.

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