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Radical left win Greek General Election
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 dannyh  wherever I lay my hat....... 26 Jan 15 11.13am |
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Yes yes yes, all the fiscal matters are very interesting, what will happen to the German economy, will they leave the EU (please God) etc etc. But what we all want to know is,,,, will it be cheap to go to greece this summer for your holibobs.
"It's not the bullet that's got my name on it that concerns me; it's all them other ones flyin' around marked 'To Whom It May Concern.'" |
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| Hoof Hearted 26 Jan 15 11.17am | |
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Greece should have been made/accepted bankruptcy years ago. They are their own worst enemy - they voted in ridiculously early state pension age with over generous benefits which was unsustainable with their economy too reliant on tourism. I heard that the Athens light rail system paid all of it's employees too much money and that hardly anybody buys tickets to travel as the ticket inspectors rarely check for tickets, let alone the right fare! The last few years of austerity, although noble, has seen the debt increase, so what is the answer? It will be interesting to see the fall out from this and what Spain and Ireland think of it?
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| jamiemartin721 Reading 26 Jan 15 11.50am |
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Quote dannyh at 26 Jan 2015 11.13am
Yes yes yes, all the fiscal matters are very interesting, what will happen to the German economy, will they leave the EU (please God) etc etc. But what we all want to know is,,,, will it be cheap to go to greece this summer for your holibobs.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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Indeed, in truth, isn't that what the concerns of most people generally are. That and the price of Uzo.| jamiemartin721 Reading 26 Jan 15 11.51am |
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Quote Hoof Hearted at 26 Jan 2015 11.17am
Greece should have been made/accepted bankruptcy years ago. They are their own worst enemy - they voted in ridiculously early state pension age with over generous benefits which was unsustainable with their economy too reliant on tourism. I heard that the Athens light rail system paid all of it's employees too much money and that hardly anybody buys tickets to travel as the ticket inspectors rarely check for tickets, let alone the right fare! The last few years of austerity, although noble, has seen the debt increase, so what is the answer? It will be interesting to see the fall out from this and what Spain and Ireland think of it? Very traditionally, blame the Persians, start a war with one of the smaller nations and prop up the economy with captured slaves.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| OknotOK Cockfosters, London 26 Jan 15 12.14pm |
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The problem for Syriza is that Tsipras has made a fairly clear statement that he intends to either reduce or write-off the Greek debt. And that austerity is "done". But there is simply no way either of those things are going to be permissible. So he either a) comes to a compromise that means reducing the debt slightly and/or preferential interest rates, but with the conditions on austerity effectively tightened or b) leaves the Euro and defaults on the debt. Unfortunately although many Greeks hate being dictated to by Germans, they still want to be part of the Euro, and definitely don't want the corrupt crony capitalist nepotistic system with the Greek elite back in charge. Edited by OknotOK (26 Jan 2015 12.14pm)
"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show |
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| Moose In the sewer pipe... 26 Jan 15 12.20pm |
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Demis Roussos evidently not happy with the result.
Goodness is what you do. Not who you pray to. |
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| elgrande bedford 26 Jan 15 1.56pm |
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Quote dannyh at 26 Jan 2015 11.13am
Yes yes yes, all the fiscal matters are very interesting, what will happen to the German economy, will they leave the EU (please God) etc etc. But what we all want to know is,,,, will it be cheap to go to greece this summer for your holibobs.
Well seeing that i'm off to Corfu in June...........Here's hoping
always a Norwood boy, where ever I live. |
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| We are goin up! Coulsdon 26 Jan 15 1.57pm |
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As the saying goes "If you owe the bank a thousand pounds and you can't pay it, that's your problem. If you owe the bank a billion pounds and you can't pay it, that's the bank's problem." Tsipras is going into negotiations without anything to lose. He will ask for all austerity to be stopped, the Central Bank will ask for none of it to be stopped, and in the end it will be something somewhere in the middle, with 'political and monetary stability' ensured even though it's just more kicking the can down the road. Long term, Greece is either better off out of the euro in its current state, or the euro has to change. That is to say that the Germans, who let's not forget have benefited hugely from a cheap currency and had their debt written off not-so-long-ago, will have to pay for such a benefit by propping up the other nations, all the while aligning everyone's fiscal policy. The euro is basically doomed and the sooner the EU accept it and change it/disband it, the better for the people that matter, its citizens.
The problem with socialism is that you eventually run out of other people's money. |
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| TUX redhill 26 Jan 15 6.20pm |
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Quote We are goin up! at 26 Jan 2015 1.57pm
As the saying goes "If you owe the bank a thousand pounds and you can't pay it, that's your problem. If you owe the bank a billion pounds and you can't pay it, that's the bank's problem." Tsipras is going into negotiations without anything to lose. He will ask for all austerity to be stopped, the Central Bank will ask for none of it to be stopped, and in the end it will be something somewhere in the middle, with 'political and monetary stability' ensured even though it's just more kicking the can down the road. Long term, Greece is either better off out of the euro in its current state, or the euro has to change. That is to say that the Germans, who let's not forget have benefited hugely from a cheap currency and had their debt written off not-so-long-ago, will have to pay for such a benefit by propping up the other nations, all the while aligning everyone's fiscal policy. The euro is basically doomed and the sooner the EU accept it and change it/disband it, the better for the people that matter, its citizens. Not any more. Just more bailouts to the selfish f--kwits. As 'Stirling' stated earlier....... GREED AND CORRUPTION from those in power (on both sides of the Euro deal) have once again left the Greek people in turmoil.
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| matt_himself Matataland 26 Jan 15 9.18pm |
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The Greeks deserve it. They invented gayness:
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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| dannyh wherever I lay my hat....... 27 Jan 15 6.31am |
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Really ? I always thought it was DanH.
"It's not the bullet that's got my name on it that concerns me; it's all them other ones flyin' around marked 'To Whom It May Concern.'" |
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Johnny Eagles  berlin 27 Jan 15 7.32am |
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Quote We are goin up! at 26 Jan 2015 1.57pm
As the saying goes "If you owe the bank a thousand pounds and you can't pay it, that's your problem. If you owe the bank a billion pounds and you can't pay it, that's the bank's problem." Tsipras is going into negotiations without anything to lose. He will ask for all austerity to be stopped, the Central Bank will ask for none of it to be stopped, and in the end it will be something somewhere in the middle, with 'political and monetary stability' ensured even though it's just more kicking the can down the road. Long term, Greece is either better off out of the euro in its current state, or the euro has to change. That is to say that the Germans, who let's not forget have benefited hugely from a cheap currency and had their debt written off not-so-long-ago, will have to pay for such a benefit by propping up the other nations, all the while aligning everyone's fiscal policy. The euro is basically doomed and the sooner the EU accept it and change it/disband it, the better for the people that matter, its citizens. Not sure if this is true. I admit I don't know much about him but if he's like most populists he's all mouth and no trousers. And if he's got any sense he'll bottle on defaulting and the carnage that would follow. Also, now he's got his bum on the prime minister's seat, I wonder if he might find a reason to compromise. All he needs is a convenient scapegoat - coalition partners? - and he can hold on to the trappings of power for a few years.
...we must expand...get more pupils...so that the knowledge will spread... |
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