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Thread: Greek financial crisis

  1. #21
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    Quote Originally Posted by Gold-Shekel 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.
    I know myself and my country better than you, and I am sorry to disappoint you but I am neither balkanite, nor have really anything in common with you and your country, don't beg me like a little girl to join you

    the last thing I would give a sit about is a 3Rd world Muslim slav who compares Greece, one of the top 30 countries in terms of well being in the world with his shithole

    And no, I have no debt to pay, the country which hosts you has to its former colonies
    Last edited by brennus dux gallorum; 05-20-2017 at 12:53 PM.

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    Cuorrption level in Greece is no higher than anywhere else. Siemens and Deutsch telekom attempted to corrupt some Greek politicians to get some deals over the line and also applied lots of pressure to get deals done.

    Greeks have an economic problem called the pension which is bloating. The problem here is that Greek leaders of the past did not think things through correctly.

    For example 10 years ago in Australia it established a thing called the "future fund" to offset a bloating pension system its a sovereign wealth fund now worth billions upon billions that can offset pension liabilities with no problem. Unfortunately Greek leaders did not have the type of forsight.

    Greece has a never ending shortfall in budget gaps like paying pensions, social security and public sector staff,

    Now here comes the stupid bit....

    Between 1998-2005 Greece was floating 5 yr bonds @ 4% coupon rate to offset budget shortfalls.... this was always oversubscribed by almost 5-8x everytime meaning every 3 billion Greek debt dept floated the banks were bidding 12 billion to invest. Greeks did not really need additional money but took some of i.e., 4-5 billion of the 3 billion requirement.

    The reason why it was constantly oversubscribed was of the belief of the evergrowing Greek economy whom Greek private sector was investing in the 60 million Balkan consumer market and Greece was to be a "head office" hub for this market.

    The reason bankers believed this was going to happen was due to EU subsidy system which Germans were pumping money in the Greek economy to make this happen. So they were of the belief of an ever-growing Greek economy..... at this precise moment Greece not only had too much cash to spend but also had too much debt through its debt sales which were oversubscribed.

    Then came the credit crisis in the USA and U.S economy went into turmoil....at this point Greece had no subrime debt problem meaning internal debt issues the populace was not in debt.... the debt was almost exclusively external...

    Due to its debt levels and rising interest rates as credit markets across the globe was frozen - Greek rates started creeping up.... then come the bond vigilantes whom are merely hedge fund managers making squillions out of manipulative trades.. meaning if they smell blood in the market they will kill it. So they started shorting Greek bonds mercilessly - Greek bond market can be manipulated by hedge funds supported by banks because it is illiquid. This has caused interest rates to spiral out of control.

    All this because German and French banks made the decision back in early 2000s that the Greek economy would not stop growing. So a few years later - they got it all wrong and their greed was not checked.

    All 1st world countries have 15% of workforce in public sector. At this moment Germany has 28%, France has 19% and Greece has 11%.

    Why the hell Greece decided to get in bed with such retards is beyond me.
    “For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.” Eph. 6:12

    Definition of untrustworthy and loose character are those that don't believe in God.


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    Greece is doomed and there is no return. It will be destroyed


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    Quote Originally Posted by Siyendi View Post
    Greece is doomed and there is no return. It will be destroyed

    On ignore.
    “For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.” Eph. 6:12

    Definition of untrustworthy and loose character are those that don't believe in God.


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    Who the f*ck cares you ignore or what? Reality is just reality. You all show Greece and Greeks like what they arent. The reality is that Greece is a failed country with deep social and economic crisis. Here a BBC documentary, now in Greece the brothels owner say they must decline the rising amount of married women who wanna work in brothels.
    http://www.bbc.com/news/av/world-eur...s-prostitution

    You will fail and your country will be destroyed. We or somebody else will take over Greece. You show your uncapable people of having a country. You dont deserve to have a country.

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    Quote Originally Posted by Siyendi View Post
    Who the f*ck cares you ignore or what? Reality is just reality. You all show Greece and Greeks like what they arent. The reality is that Greece is a failed country with deep social and economic crisis. Here a BBC documentary, now in Greece the brothels owner say they must decline the rising amount of married women who wanna work in brothels.
    http://www.bbc.com/news/av/world-eur...s-prostitution

    You will fail and your country will be destroyed. We or somebody else will take over Greece. You show your uncapable people of having a country. You dont deserve to have a country.
    You shall need to take full control of your own country beforehand.
    書堂개 삼 년에 풍월 읊는다

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    Quote Originally Posted by Scholarios View Post
    You shall need to take full control of your own country beforehand.
    Being enslaved by us is better than having a failing country where MARRIED women have to go to brothels and face rejection then must go to streets. Then people like that try to take Turkish islands and waters in Aegean PFFFFFFFFFFF....
    Greece must immediately leave the EU, return West Thrace and Aegean islands to us and declare full submission. We are proved genetically to be better than you and you will be happier under our rule. At least married women wont need to go to work as prostitutes to feed their children.
    İ swear Syrian refugees in Turkey are better than Greeks. Government gives them monthly money so they dont work as prostitutes etc. For Greeks, submission to Turks is salvation and not humiliation because nobody can humiliate Greeks as much as they humiliate themselves. We will save you.

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    Quote Originally Posted by Siyendi View Post
    Being enslaved by us is better than having a failing country where MARRIED women have to go to brothels and face rejection then must go to streets. Then people like that try to take Turkish islands and waters in Aegean PFFFFFFFFFFF....
    Greece must immediately leave the EU, return West Thrace and Aegean islands to us and declare full submission. We are proved genetically to be better than you and you will be happier under our rule. At least married women wont need to go to work as prostitutes to feed their children.
    İ swear Syrian refugees in Turkey are better than Greeks. Government gives them monthly money so they dont work as prostitutes etc. For Greeks, submission to Turks is salvation and not humiliation because nobody can humiliate Greeks as much as they humiliate themselves. We will save you.
    How insane are you in comparison with average Turks? Because you are possibly the most out of touch person on this forum.
    書堂개 삼 년에 풍월 읊는다

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    Quote Originally Posted by brennus dux gallorum View Post
    I know myself and my country better than you, and I am sorry to disappoint you but I am neither balkanite, nor have really anything in common with you and your country, don't beg me like a little girl to join you

    the last thing I would give a sit about is a 3Rd world Muslim slav who compares Greece, one of the top 30 countries in terms of well being in the world with his shithole

    And no, I have no debt to pay, the country which hosts you has to its former colonies
    You are right you are not Balkanite you probably came with bunch of Germans who conquered Constantinople in 12th century, and southern Greece.

    So, not only that you are not Balkanite, you aren't Greek as well. You just speak their language.

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    Quote Originally Posted by Gold-Shekel 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.
    i don't agree about greece being western either but we're anything but balkan, especially the islands.of course if by balkan you mean a failed economy then yes, we fit to the definition pretty good

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