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jamiemartin721 Reading 08 Jul 15 9.55am | |
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Quote leggedstruggle at 08 Jul 2015 8.02am
I do nothing but go about persuading you all, old and young alike, not to take thought for your persons or your properties, but and chiefly to care about the greatest improvement of the soul. I tell you that virtue is not given by money, but that from virtue comes money and every other good of man, public as well as private. This is my teaching, and if this is the doctrine which corrupts the youth, I am a mischievous person. [Socrates, quoted by Plato, 'The Death of Socrates'] God, you sound sexy when you quote Plato.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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Hoof Hearted 08 Jul 15 10.34am | |
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Quote DanH at 07 Jul 2015 5.27pm
Quote Hoof Hearted at 07 Jul 2015 5.03pm
Quote serial thriller at 07 Jul 2015 11.33am
Quote Hoof Hearted at 06 Jul 2015 5.09pm
Behave yourself. I gave the examples of the Olympics and the Metro system as examples of Greek corruption and incompetence....are you suggesting they didn't have an effect? Have you been to Greece and witnessed the pace of life there? They need a collective rocket up their arses to become competitive and profitable instead of granting ridiculously early retirement ages with outrageously generous benefit levels. I couldn't care less about Stirling's views and WAGU (whoever she is?). I look at situations and make my own mind up and quite obviously Greece have fcuked up bigtime here. Luckily for us, there are enough sane credible people to keep out people like you, Miliband and Balls from creating the same sh1t here. You are so out of touch you believe that Corbyn will be a good leader for Labour and therefore a prospective Prime Minister.... get a grip man.
Anyhow. On your first point, I'm going to have to tell you some facts, and I know you won't like them, but you have to deal with them because they're true. The Olympics cost Greece 9 billion euros. Their rail project cost around 1.5 billion, but let's be generous and factor in maintenance and ticket receipt losses, and say it's cost them about 5 billion. That still accounts for about 4% of Greek debt, which has nearly doubled as a percentage of GDP since 2007. It would be better to look at the excessive military spending Greece took part in before 2007 for an example of public debt accumulation, but most of that came from a corrupted government, and pressure from European nations like Germany and the UK who forced Greece in to buying frivolous submarines, arms etc. After the financial crash, European banks lent Greece money so its own banks could continue to operate, but with very high interest rates. To repay these loans, Greece borrowed short term loans from the Troika, and saw one of the biggest economic depressions ever experienced by a developed nation with massive cuts to pensions, public infrastructure, as well as record high unemployment levels. Thus, while of course public overspending played a role in Greek debt, for you to focus on that instead of, say, the monetary union, or the debt pressure placed on the banks, or the bankers themselves, is not only to miss the elephant in the room, it's to be unaware of a herd of elephants in a room painted in sparkly colours farting directly in your face. I have been to Greece, but unlike you I sadly wasn't able to gauge the productivity of the whole nation. However, an OECD report claims Greeks are some of the most hard working people in the world, working around 2000 hours a year, 700 more than the average German, and about 300 more than the average Brit. Not only does this dispell the myth that they're all lazy and feckless, it also suggests that maybe they actually earn that early retirement in many cases. As for your last point, what exactly has that got to do with anything? Oh yeah, you're copying the tricks of the trade from your mentor Paul Dacre and his Nazi-supporting rag, going for tenuous personal slander rather than genuine intellectual debate. And you're telling me to behave.
My last point just sums up my opinion of you and your oddball opinions. You don't do intellectual debate you just harp on about corporations, bankers bonuses blah blah. You are a dreamer and totally out of touch with reality just like Miliband and Balls.
WAGU has been bang on the money for me throughout this thread. Pretty sure he's from an economics background as well. It shows.
Anyway.... Remember a few years back when everyone was going on about the acronym PIGS? Portugal, Ireland, Greece, Spain.... all struggling economies. 3 of them have carried out the actions necessary to reduce their debts and get back on track. One hasn't bothered but continued taking the p1ss financially, now when it's back is to the wall it wants the debt written off! What incentive would there be to the other 3 countries to carry on playing the game? Watch the news, they interview Greek traders selling flowers saying no one is buying them...... DER!... 60 Euros a day hardly gives you wiggle room to buy flowers ahead of food or paying your fuel bills mate. They are a backward lazy corrupt society and always have been.... they never should have been allowed to join the Euro. They have till the weekend to see sense.
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Hoof Hearted 08 Jul 15 10.43am | |
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Quote serial thriller at 07 Jul 2015 10.53pm
Quote Hoof Hearted at 07 Jul 2015 5.03pm
Quote serial thriller at 07 Jul 2015 11.33am
Quote Hoof Hearted at 06 Jul 2015 5.09pm
Behave yourself. I gave the examples of the Olympics and the Metro system as examples of Greek corruption and incompetence....are you suggesting they didn't have an effect? Have you been to Greece and witnessed the pace of life there? They need a collective rocket up their arses to become competitive and profitable instead of granting ridiculously early retirement ages with outrageously generous benefit levels. I couldn't care less about Stirling's views and WAGU (whoever she is?). I look at situations and make my own mind up and quite obviously Greece have fcuked up bigtime here. Luckily for us, there are enough sane credible people to keep out people like you, Miliband and Balls from creating the same sh1t here. You are so out of touch you believe that Corbyn will be a good leader for Labour and therefore a prospective Prime Minister.... get a grip man.
Anyhow. On your first point, I'm going to have to tell you some facts, and I know you won't like them, but you have to deal with them because they're true. The Olympics cost Greece 9 billion euros. Their rail project cost around 1.5 billion, but let's be generous and factor in maintenance and ticket receipt losses, and say it's cost them about 5 billion. That still accounts for about 4% of Greek debt, which has nearly doubled as a percentage of GDP since 2007. It would be better to look at the excessive military spending Greece took part in before 2007 for an example of public debt accumulation, but most of that came from a corrupted government, and pressure from European nations like Germany and the UK who forced Greece in to buying frivolous submarines, arms etc. After the financial crash, European banks lent Greece money so its own banks could continue to operate, but with very high interest rates. To repay these loans, Greece borrowed short term loans from the Troika, and saw one of the biggest economic depressions ever experienced by a developed nation with massive cuts to pensions, public infrastructure, as well as record high unemployment levels. Thus, while of course public overspending played a role in Greek debt, for you to focus on that instead of, say, the monetary union, or the debt pressure placed on the banks, or the bankers themselves, is not only to miss the elephant in the room, it's to be unaware of a herd of elephants in a room painted in sparkly colours farting directly in your face. I have been to Greece, but unlike you I sadly wasn't able to gauge the productivity of the whole nation. However, an OECD report claims Greeks are some of the most hard working people in the world, working around 2000 hours a year, 700 more than the average German, and about 300 more than the average Brit. Not only does this dispell the myth that they're all lazy and feckless, it also suggests that maybe they actually earn that early retirement in many cases. As for your last point, what exactly has that got to do with anything? Oh yeah, you're copying the tricks of the trade from your mentor Paul Dacre and his Nazi-supporting rag, going for tenuous personal slander rather than genuine intellectual debate. And you're telling me to behave.
My last point just sums up my opinion of you and your oddball opinions. You don't do intellectual debate you just harp on about corporations, bankers bonuses blah blah. You are a dreamer and totally out of touch with reality just like Miliband and Balls.
Please do tell me though: do you actually believe bankers and corporations have ever done anything wrong?
Keep it simple. You over think all situations and over complicate arguments. See my previous point about PIGS. Simple analogy, hard to argue against. Of course some bankers and corporations have done wrongs, and a lot of them have been hit hard for indiscretions.... Lloyds Bank and PPI claims/penalties as an example. Greece should be made to face up to their shambolic attempts to run their economy and pay their dues like Portugal, Ireland and Spain are attempting to do.
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ghosteagle 08 Jul 15 10.45am | |
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Quote Hoof Hearted at 08 Jul 2015 10.43am
Quote serial thriller at 07 Jul 2015 10.53pm
Quote Hoof Hearted at 07 Jul 2015 5.03pm
Quote serial thriller at 07 Jul 2015 11.33am
Quote Hoof Hearted at 06 Jul 2015 5.09pm
Behave yourself. I gave the examples of the Olympics and the Metro system as examples of Greek corruption and incompetence....are you suggesting they didn't have an effect? Have you been to Greece and witnessed the pace of life there? They need a collective rocket up their arses to become competitive and profitable instead of granting ridiculously early retirement ages with outrageously generous benefit levels. I couldn't care less about Stirling's views and WAGU (whoever she is?). I look at situations and make my own mind up and quite obviously Greece have fcuked up bigtime here. Luckily for us, there are enough sane credible people to keep out people like you, Miliband and Balls from creating the same sh1t here. You are so out of touch you believe that Corbyn will be a good leader for Labour and therefore a prospective Prime Minister.... get a grip man.
Anyhow. On your first point, I'm going to have to tell you some facts, and I know you won't like them, but you have to deal with them because they're true. The Olympics cost Greece 9 billion euros. Their rail project cost around 1.5 billion, but let's be generous and factor in maintenance and ticket receipt losses, and say it's cost them about 5 billion. That still accounts for about 4% of Greek debt, which has nearly doubled as a percentage of GDP since 2007. It would be better to look at the excessive military spending Greece took part in before 2007 for an example of public debt accumulation, but most of that came from a corrupted government, and pressure from European nations like Germany and the UK who forced Greece in to buying frivolous submarines, arms etc. After the financial crash, European banks lent Greece money so its own banks could continue to operate, but with very high interest rates. To repay these loans, Greece borrowed short term loans from the Troika, and saw one of the biggest economic depressions ever experienced by a developed nation with massive cuts to pensions, public infrastructure, as well as record high unemployment levels. Thus, while of course public overspending played a role in Greek debt, for you to focus on that instead of, say, the monetary union, or the debt pressure placed on the banks, or the bankers themselves, is not only to miss the elephant in the room, it's to be unaware of a herd of elephants in a room painted in sparkly colours farting directly in your face. I have been to Greece, but unlike you I sadly wasn't able to gauge the productivity of the whole nation. However, an OECD report claims Greeks are some of the most hard working people in the world, working around 2000 hours a year, 700 more than the average German, and about 300 more than the average Brit. Not only does this dispell the myth that they're all lazy and feckless, it also suggests that maybe they actually earn that early retirement in many cases. As for your last point, what exactly has that got to do with anything? Oh yeah, you're copying the tricks of the trade from your mentor Paul Dacre and his Nazi-supporting rag, going for tenuous personal slander rather than genuine intellectual debate. And you're telling me to behave.
My last point just sums up my opinion of you and your oddball opinions. You don't do intellectual debate you just harp on about corporations, bankers bonuses blah blah. You are a dreamer and totally out of touch with reality just like Miliband and Balls.
Please do tell me though: do you actually believe bankers and corporations have ever done anything wrong?
Keep it simple. You over think all situations and over complicate arguments. See my previous point about PIGS. Simple analogy, hard to argue against. Of course some bankers and corporations have done wrongs, and a lot of them have been hit hard for indiscretions.... Lloyds Bank and PPI claims/penalties as an example. Greece should be made to face up to their shambolic attempts to run their economy and pay their dues like Portugal, Ireland and Spain are attempting to do.
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Hoof Hearted 08 Jul 15 10.58am | |
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Quote ghosteagle at 08 Jul 2015 10.45am
Quote Hoof Hearted at 08 Jul 2015 10.43am
Quote serial thriller at 07 Jul 2015 10.53pm
Quote Hoof Hearted at 07 Jul 2015 5.03pm
Quote serial thriller at 07 Jul 2015 11.33am
Quote Hoof Hearted at 06 Jul 2015 5.09pm
Behave yourself. I gave the examples of the Olympics and the Metro system as examples of Greek corruption and incompetence....are you suggesting they didn't have an effect? Have you been to Greece and witnessed the pace of life there? They need a collective rocket up their arses to become competitive and profitable instead of granting ridiculously early retirement ages with outrageously generous benefit levels. I couldn't care less about Stirling's views and WAGU (whoever she is?). I look at situations and make my own mind up and quite obviously Greece have fcuked up bigtime here. Luckily for us, there are enough sane credible people to keep out people like you, Miliband and Balls from creating the same sh1t here. You are so out of touch you believe that Corbyn will be a good leader for Labour and therefore a prospective Prime Minister.... get a grip man.
Anyhow. On your first point, I'm going to have to tell you some facts, and I know you won't like them, but you have to deal with them because they're true. The Olympics cost Greece 9 billion euros. Their rail project cost around 1.5 billion, but let's be generous and factor in maintenance and ticket receipt losses, and say it's cost them about 5 billion. That still accounts for about 4% of Greek debt, which has nearly doubled as a percentage of GDP since 2007. It would be better to look at the excessive military spending Greece took part in before 2007 for an example of public debt accumulation, but most of that came from a corrupted government, and pressure from European nations like Germany and the UK who forced Greece in to buying frivolous submarines, arms etc. After the financial crash, European banks lent Greece money so its own banks could continue to operate, but with very high interest rates. To repay these loans, Greece borrowed short term loans from the Troika, and saw one of the biggest economic depressions ever experienced by a developed nation with massive cuts to pensions, public infrastructure, as well as record high unemployment levels. Thus, while of course public overspending played a role in Greek debt, for you to focus on that instead of, say, the monetary union, or the debt pressure placed on the banks, or the bankers themselves, is not only to miss the elephant in the room, it's to be unaware of a herd of elephants in a room painted in sparkly colours farting directly in your face. I have been to Greece, but unlike you I sadly wasn't able to gauge the productivity of the whole nation. However, an OECD report claims Greeks are some of the most hard working people in the world, working around 2000 hours a year, 700 more than the average German, and about 300 more than the average Brit. Not only does this dispell the myth that they're all lazy and feckless, it also suggests that maybe they actually earn that early retirement in many cases. As for your last point, what exactly has that got to do with anything? Oh yeah, you're copying the tricks of the trade from your mentor Paul Dacre and his Nazi-supporting rag, going for tenuous personal slander rather than genuine intellectual debate. And you're telling me to behave.
My last point just sums up my opinion of you and your oddball opinions. You don't do intellectual debate you just harp on about corporations, bankers bonuses blah blah. You are a dreamer and totally out of touch with reality just like Miliband and Balls.
Please do tell me though: do you actually believe bankers and corporations have ever done anything wrong?
Keep it simple. You over think all situations and over complicate arguments. See my previous point about PIGS. Simple analogy, hard to argue against. Of course some bankers and corporations have done wrongs, and a lot of them have been hit hard for indiscretions.... Lloyds Bank and PPI claims/penalties as an example. Greece should be made to face up to their shambolic attempts to run their economy and pay their dues like Portugal, Ireland and Spain are attempting to do.
Letting them off and get away with it sends a message that it's okay to default. Loan sharks beat the sh1t out of people who don't repay to encourage others not to do the same!
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ghosteagle 08 Jul 15 11.07am | |
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Quote Hoof Hearted at 08 Jul 2015 10.58am
Quote ghosteagle at 08 Jul 2015 10.45am
Quote Hoof Hearted at 08 Jul 2015 10.43am
Quote serial thriller at 07 Jul 2015 10.53pm
Quote Hoof Hearted at 07 Jul 2015 5.03pm
Quote serial thriller at 07 Jul 2015 11.33am
Quote Hoof Hearted at 06 Jul 2015 5.09pm
Behave yourself. I gave the examples of the Olympics and the Metro system as examples of Greek corruption and incompetence....are you suggesting they didn't have an effect? Have you been to Greece and witnessed the pace of life there? They need a collective rocket up their arses to become competitive and profitable instead of granting ridiculously early retirement ages with outrageously generous benefit levels. I couldn't care less about Stirling's views and WAGU (whoever she is?). I look at situations and make my own mind up and quite obviously Greece have fcuked up bigtime here. Luckily for us, there are enough sane credible people to keep out people like you, Miliband and Balls from creating the same sh1t here. You are so out of touch you believe that Corbyn will be a good leader for Labour and therefore a prospective Prime Minister.... get a grip man.
Anyhow. On your first point, I'm going to have to tell you some facts, and I know you won't like them, but you have to deal with them because they're true. The Olympics cost Greece 9 billion euros. Their rail project cost around 1.5 billion, but let's be generous and factor in maintenance and ticket receipt losses, and say it's cost them about 5 billion. That still accounts for about 4% of Greek debt, which has nearly doubled as a percentage of GDP since 2007. It would be better to look at the excessive military spending Greece took part in before 2007 for an example of public debt accumulation, but most of that came from a corrupted government, and pressure from European nations like Germany and the UK who forced Greece in to buying frivolous submarines, arms etc. After the financial crash, European banks lent Greece money so its own banks could continue to operate, but with very high interest rates. To repay these loans, Greece borrowed short term loans from the Troika, and saw one of the biggest economic depressions ever experienced by a developed nation with massive cuts to pensions, public infrastructure, as well as record high unemployment levels. Thus, while of course public overspending played a role in Greek debt, for you to focus on that instead of, say, the monetary union, or the debt pressure placed on the banks, or the bankers themselves, is not only to miss the elephant in the room, it's to be unaware of a herd of elephants in a room painted in sparkly colours farting directly in your face. I have been to Greece, but unlike you I sadly wasn't able to gauge the productivity of the whole nation. However, an OECD report claims Greeks are some of the most hard working people in the world, working around 2000 hours a year, 700 more than the average German, and about 300 more than the average Brit. Not only does this dispell the myth that they're all lazy and feckless, it also suggests that maybe they actually earn that early retirement in many cases. As for your last point, what exactly has that got to do with anything? Oh yeah, you're copying the tricks of the trade from your mentor Paul Dacre and his Nazi-supporting rag, going for tenuous personal slander rather than genuine intellectual debate. And you're telling me to behave.
My last point just sums up my opinion of you and your oddball opinions. You don't do intellectual debate you just harp on about corporations, bankers bonuses blah blah. You are a dreamer and totally out of touch with reality just like Miliband and Balls.
Please do tell me though: do you actually believe bankers and corporations have ever done anything wrong?
Keep it simple. You over think all situations and over complicate arguments. See my previous point about PIGS. Simple analogy, hard to argue against. Of course some bankers and corporations have done wrongs, and a lot of them have been hit hard for indiscretions.... Lloyds Bank and PPI claims/penalties as an example. Greece should be made to face up to their shambolic attempts to run their economy and pay their dues like Portugal, Ireland and Spain are attempting to do.
Letting them off and get away with it sends a message that it's okay to default. Loan sharks beat the sh1t out of people who don't repay to encourage others not to do the same! Ah, well, the comparison of the trokia to a loan shark is very apt. But consider that if they are ejected from the Euro and hit with sanctions they will be able to pay even less of the debt, and the rest of Europe will suffer more. If though they are to be helped to stay in the Euro they will require debt relief as even the IMF now accepts that even if they accepted all austerity measures they would still have unservicable levels of debt for the next 50 years. It's a big s***e sandwich and everybody will have to take a bite.
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jamiemartin721 Reading 08 Jul 15 11.47am | |
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I can't see any scenario where debt will be written off in the short term, especially when the debtor threatens to refuse to pay. Realistically, Greece has to at least pay back the principle plus depreciation. I think a case could be made for the interest (which is surprisingly generous) being paid for by the EU as a whole at some point, but ultimately, the important factor isn't punishing Greece or being superior, but getting Greece on its feet and operational. Friend of mine's dad lives in Greece, and dependent on rather expensive life sustaining treatment and drug regimes. Of course the current situation is that the Government cannot pay the Pharmacies, which cannot pay the distributor, which then cannot pay the drug companies for vital medicines. Of course Greece, at least in the short term, is going to be in hock to someone, and its people pay a price. Long term, there are things members states, the EU and IMF can do, such as waive some debt or interest etc.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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ghosteagle 08 Jul 15 11.56am | |
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Quote jamiemartin721 at 08 Jul 2015 11.47am
I can't see any scenario where debt will be written off in the short term, especially when the debtor threatens to refuse to pay. Realistically, Greece has to at least pay back the principle plus depreciation. I think a case could be made for the interest (which is surprisingly generous) being paid for by the EU as a whole at some point, but ultimately, the important factor isn't punishing Greece or being superior, but getting Greece on its feet and operational. Friend of mine's dad lives in Greece, and dependent on rather expensive life sustaining treatment and drug regimes. Of course the current situation is that the Government cannot pay the Pharmacies, which cannot pay the distributor, which then cannot pay the drug companies for vital medicines. Of course Greece, at least in the short term, is going to be in hock to someone, and its people pay a price. Long term, there are things members states, the EU and IMF can do, such as waive some debt or interest etc. Interestingly, some suggestions of funding from BRICS is now starting to flow round the interwebs....
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nairb75 Baltimore 08 Jul 15 3.41pm | |
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greece should start selling naming rights. the country formerly known as greece will now be called, "fly emirates." parthenon can be called etihad or the coca-cola castle. could get a real nice price for santorini island - maybe sell it to gazprom.
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dannyh wherever I lay my hat....... 08 Jul 15 3.49pm | |
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Quote ghosteagle at 08 Jul 2015 11.07am
Quote Hoof Hearted at 08 Jul 2015 10.58am
Quote ghosteagle at 08 Jul 2015 10.45am
Quote Hoof Hearted at 08 Jul 2015 10.43am
Quote serial thriller at 07 Jul 2015 10.53pm
Quote Hoof Hearted at 07 Jul 2015 5.03pm
Quote serial thriller at 07 Jul 2015 11.33am
Quote Hoof Hearted at 06 Jul 2015 5.09pm
Behave yourself. I gave the examples of the Olympics and the Metro system as examples of Greek corruption and incompetence....are you suggesting they didn't have an effect? Have you been to Greece and witnessed the pace of life there? They need a collective rocket up their arses to become competitive and profitable instead of granting ridiculously early retirement ages with outrageously generous benefit levels. I couldn't care less about Stirling's views and WAGU (whoever she is?). I look at situations and make my own mind up and quite obviously Greece have fcuked up bigtime here. Luckily for us, there are enough sane credible people to keep out people like you, Miliband and Balls from creating the same sh1t here. You are so out of touch you believe that Corbyn will be a good leader for Labour and therefore a prospective Prime Minister.... get a grip man.
Anyhow. On your first point, I'm going to have to tell you some facts, and I know you won't like them, but you have to deal with them because they're true. The Olympics cost Greece 9 billion euros. Their rail project cost around 1.5 billion, but let's be generous and factor in maintenance and ticket receipt losses, and say it's cost them about 5 billion. That still accounts for about 4% of Greek debt, which has nearly doubled as a percentage of GDP since 2007. It would be better to look at the excessive military spending Greece took part in before 2007 for an example of public debt accumulation, but most of that came from a corrupted government, and pressure from European nations like Germany and the UK who forced Greece in to buying frivolous submarines, arms etc. After the financial crash, European banks lent Greece money so its own banks could continue to operate, but with very high interest rates. To repay these loans, Greece borrowed short term loans from the Troika, and saw one of the biggest economic depressions ever experienced by a developed nation with massive cuts to pensions, public infrastructure, as well as record high unemployment levels. Thus, while of course public overspending played a role in Greek debt, for you to focus on that instead of, say, the monetary union, or the debt pressure placed on the banks, or the bankers themselves, is not only to miss the elephant in the room, it's to be unaware of a herd of elephants in a room painted in sparkly colours farting directly in your face. I have been to Greece, but unlike you I sadly wasn't able to gauge the productivity of the whole nation. However, an OECD report claims Greeks are some of the most hard working people in the world, working around 2000 hours a year, 700 more than the average German, and about 300 more than the average Brit. Not only does this dispell the myth that they're all lazy and feckless, it also suggests that maybe they actually earn that early retirement in many cases. As for your last point, what exactly has that got to do with anything? Oh yeah, you're copying the tricks of the trade from your mentor Paul Dacre and his Nazi-supporting rag, going for tenuous personal slander rather than genuine intellectual debate. And you're telling me to behave.
My last point just sums up my opinion of you and your oddball opinions. You don't do intellectual debate you just harp on about corporations, bankers bonuses blah blah. You are a dreamer and totally out of touch with reality just like Miliband and Balls.
Please do tell me though: do you actually believe bankers and corporations have ever done anything wrong?
Keep it simple. You over think all situations and over complicate arguments. See my previous point about PIGS. Simple analogy, hard to argue against. Of course some bankers and corporations have done wrongs, and a lot of them have been hit hard for indiscretions.... Lloyds Bank and PPI claims/penalties as an example. Greece should be made to face up to their shambolic attempts to run their economy and pay their dues like Portugal, Ireland and Spain are attempting to do.
Letting them off and get away with it sends a message that it's okay to default. Loan sharks beat the sh1t out of people who don't repay to encourage others not to do the same! Ah, well, the comparison of the trokia to a loan shark is very apt. But consider that if they are ejected from the Euro and hit with sanctions they will be able to pay even less of the debt, and the rest of Europe will suffer more. If though they are to be helped to stay in the Euro they will require debt relief as even the IMF now accepts that even if they accepted all austerity measures they would still have unservicable levels of debt for the next 50 years. It's a big s***e sandwich and everybody will have to take a bite.
Why ?
"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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ghosteagle 08 Jul 15 3.54pm | |
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Quote dannyh at 08 Jul 2015 3.49pm
Quote ghosteagle at 08 Jul 2015 11.07am
Quote Hoof Hearted at 08 Jul 2015 10.58am
Quote ghosteagle at 08 Jul 2015 10.45am
Quote Hoof Hearted at 08 Jul 2015 10.43am
Quote serial thriller at 07 Jul 2015 10.53pm
Quote Hoof Hearted at 07 Jul 2015 5.03pm
Quote serial thriller at 07 Jul 2015 11.33am
Quote Hoof Hearted at 06 Jul 2015 5.09pm
Behave yourself. I gave the examples of the Olympics and the Metro system as examples of Greek corruption and incompetence....are you suggesting they didn't have an effect? Have you been to Greece and witnessed the pace of life there? They need a collective rocket up their arses to become competitive and profitable instead of granting ridiculously early retirement ages with outrageously generous benefit levels. I couldn't care less about Stirling's views and WAGU (whoever she is?). I look at situations and make my own mind up and quite obviously Greece have fcuked up bigtime here. Luckily for us, there are enough sane credible people to keep out people like you, Miliband and Balls from creating the same sh1t here. You are so out of touch you believe that Corbyn will be a good leader for Labour and therefore a prospective Prime Minister.... get a grip man.
Anyhow. On your first point, I'm going to have to tell you some facts, and I know you won't like them, but you have to deal with them because they're true. The Olympics cost Greece 9 billion euros. Their rail project cost around 1.5 billion, but let's be generous and factor in maintenance and ticket receipt losses, and say it's cost them about 5 billion. That still accounts for about 4% of Greek debt, which has nearly doubled as a percentage of GDP since 2007. It would be better to look at the excessive military spending Greece took part in before 2007 for an example of public debt accumulation, but most of that came from a corrupted government, and pressure from European nations like Germany and the UK who forced Greece in to buying frivolous submarines, arms etc. After the financial crash, European banks lent Greece money so its own banks could continue to operate, but with very high interest rates. To repay these loans, Greece borrowed short term loans from the Troika, and saw one of the biggest economic depressions ever experienced by a developed nation with massive cuts to pensions, public infrastructure, as well as record high unemployment levels. Thus, while of course public overspending played a role in Greek debt, for you to focus on that instead of, say, the monetary union, or the debt pressure placed on the banks, or the bankers themselves, is not only to miss the elephant in the room, it's to be unaware of a herd of elephants in a room painted in sparkly colours farting directly in your face. I have been to Greece, but unlike you I sadly wasn't able to gauge the productivity of the whole nation. However, an OECD report claims Greeks are some of the most hard working people in the world, working around 2000 hours a year, 700 more than the average German, and about 300 more than the average Brit. Not only does this dispell the myth that they're all lazy and feckless, it also suggests that maybe they actually earn that early retirement in many cases. As for your last point, what exactly has that got to do with anything? Oh yeah, you're copying the tricks of the trade from your mentor Paul Dacre and his Nazi-supporting rag, going for tenuous personal slander rather than genuine intellectual debate. And you're telling me to behave.
My last point just sums up my opinion of you and your oddball opinions. You don't do intellectual debate you just harp on about corporations, bankers bonuses blah blah. You are a dreamer and totally out of touch with reality just like Miliband and Balls.
Please do tell me though: do you actually believe bankers and corporations have ever done anything wrong?
Keep it simple. You over think all situations and over complicate arguments. See my previous point about PIGS. Simple analogy, hard to argue against. Of course some bankers and corporations have done wrongs, and a lot of them have been hit hard for indiscretions.... Lloyds Bank and PPI claims/penalties as an example. Greece should be made to face up to their shambolic attempts to run their economy and pay their dues like Portugal, Ireland and Spain are attempting to do.
Letting them off and get away with it sends a message that it's okay to default. Loan sharks beat the sh1t out of people who don't repay to encourage others not to do the same! Ah, well, the comparison of the trokia to a loan shark is very apt. But consider that if they are ejected from the Euro and hit with sanctions they will be able to pay even less of the debt, and the rest of Europe will suffer more. If though they are to be helped to stay in the Euro they will require debt relief as even the IMF now accepts that even if they accepted all austerity measures they would still have unservicable levels of debt for the next 50 years. It's a big s***e sandwich and everybody will have to take a bite.
Why ? Well, the why is because that's what happens when you are all in a club....together in the good & bad times.
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Stuk Top half 08 Jul 15 5.08pm | |
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If you're in the RAC you don't pay for everyone else's car repairs!
Optimistic as ever |
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