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Greece on the Edge

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Stuk Flag Top half 30 Jun 15 9.48pm Send a Private Message to Stuk Add Stuk as a friend

You can't argue with stupidity.

 


Optimistic as ever

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Lucas Oliver Flag Miles away 30 Jun 15 11.30pm Send a Private Message to Lucas Oliver Add Lucas Oliver as a friend

That's it. Greece has defaulted. Things are going to get messy.

 


Nope it's not my name

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goodoldstick Flag 01 Jul 15 4.55am Send a Private Message to goodoldstick Add goodoldstick as a friend

Joining a single currency without political union will not work. This is a perfect example.

 


"Life is what happens to you while you're busy making other plans"

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chris123 Flag hove actually 01 Jul 15 7.04am Send a Private Message to chris123 Add chris123 as a friend

Quote Stirlingsays at 30 Jun 2015 8.20pm

Quote nickgusset at 30 Jun 2015 8.04pm

Quote Y Ddraig Goch at 30 Jun 2015 4.07pm

Quote nickgusset at 29 Jun 2015 12.38pm

I read somewhere that the IMF have raked in £2.8 billion in interest from Greece.
That's really going to help!

Is that a lot? Serious question, they borrowed circa €230 billion and also had €40 billion written off.

Suddenly, given the risk involved, €2.8billion doesn't seem so much. Not exactly Wonga rates.

You're talking about it like its pocket change.

Where do the banks get their money from? They just produce it to order and charge interest on it. It's created out of thin air literally.

No wonder the banks are doing so well.
How about those in the EU magically produce money and pay off the banks. Sorry doesn't work that way round does it?

Yes a central bank can print money but why don't they just continue to print and print away until every problem is financially solved?

One word.....Inflation.......If that goes south the economy becomes a disaster zone.

Printed money has to be carefully directed.



The ECB did have a QE programme earlier this year, but Greece was excluded.

 

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Pawson Palace Flag Croydon 01 Jul 15 8.16am Send a Private Message to Pawson Palace Add Pawson Palace as a friend

Think I read somewhere that Greece borrowed three times what it raises in tax...bonkers when you think about it.

 


Pride of South London
Upper Holmesdale Block P

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chris123 Flag hove actually 01 Jul 15 9.45am Send a Private Message to chris123 Add chris123 as a friend

Quote Pawson Palace at 01 Jul 2015 8.16am

Think I read somewhere that Greece borrowed three times what it raises in tax...bonkers when you think about it.


It's more like 5 - 323B debt - 65B tax revenue per OECD stats for 2014.

 

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corkery Flag Cork City 01 Jul 15 4.59pm Send a Private Message to corkery Add corkery as a friend

Two things they need to sort out. They have a million civil servants and they retire at 58.

 


We'll never die

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Stuk Flag Top half 01 Jul 15 5.06pm Send a Private Message to Stuk Add Stuk as a friend

Quote corkery at 01 Jul 2015 4.59pm

Two things they need to sort out. They have a million civil servants and they retire at 58.

and you only need to have 20 years contribution for a full pension.

 


Optimistic as ever

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elgrande Flag bedford 01 Jul 15 7.52pm Send a Private Message to elgrande Add elgrande as a friend

Quote Superfly at 29 Jun 2015 3.57pm

Greek women are stunningly beautiful goddesses until some point in their 30's when they go to bed gorgeous and wake up as a wrinkled, stooped and haggard old bag.

Ark at me getting all political!


And hairy......oh so hairy.

 


always a Norwood boy, where ever I live.

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Kermit8 Flag Hevon 01 Jul 15 8.23pm Send a Private Message to Kermit8 Add Kermit8 as a friend

Quote elgrande at 01 Jul 2015 7.52pm

Quote Superfly at 29 Jun 2015 3.57pm

Greek women are stunningly beautiful goddesses until some point in their 30's when they go to bed gorgeous and wake up as a wrinkled, stooped and haggard old bag.

Ark at me getting all political!


And hairy......oh so hairy.


Did you like Mykonos?

 


Big chest and massive boobs

[Link]


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elgrande Flag bedford 01 Jul 15 9.07pm Send a Private Message to elgrande Add elgrande as a friend

Quote Kermit8 at 01 Jul 2015 8.23pm

Quote elgrande at 01 Jul 2015 7.52pm

Quote Superfly at 29 Jun 2015 3.57pm

Greek women are stunningly beautiful goddesses until some point in their 30's when they go to bed gorgeous and wake up as a wrinkled, stooped and haggard old bag.

Ark at me getting all political!


And hairy......oh so hairy.


Did you like Mykonos?

Went to corfu Kermit...........Yeah ok thank you.

 


always a Norwood boy, where ever I live.

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Willo Flag South coast - west of Brighton. 01 Jul 15 9.10pm Send a Private Message to Willo Add Willo as a friend

Quote elgrande at 01 Jul 2015 9.07pm

Quote Kermit8 at 01 Jul 2015 8.23pm

Quote elgrande at 01 Jul 2015 7.52pm

Quote Superfly at 29 Jun 2015 3.57pm

Greek women are stunningly beautiful goddesses until some point in their 30's when they go to bed gorgeous and wake up as a wrinkled, stooped and haggard old bag.

Ark at me getting all political!


And hairy......oh so hairy.


Did you like Mykonos?

Went to corfu Kermit...........Yeah ok thank you.

Corfu is where I met my wife ! Back in early 80s !


 

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