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Posted: Sun Jul 12, 2015 10:21 am
by TheCatt
Posted: Mon Jul 13, 2015 9:07 am
by Leisher
Deal reached.
Before it can get 85 billion euros ($95.07 billion) in bailout cash and support for its banks to reopen, the Greek government will have to pass a raft of austerity measures that include sales tax increases, reforms to pensions, and labor market reforms.
Greece will be on a tight timetable to implement its reforms — a reflection of how little its creditors trust the government to honor a deal. Greek Prime Minister Alexis Tsipras infuriated his European partners last month when he called for a popular vote against economic reforms the creditors has proposed.
The Greek people voted against those proposals, but will be horrified to see that they now face even tougher measures.
Posted: Mon Jul 13, 2015 9:57 am
by TheCatt
So does Greece get a new government and reject the proposals again?
Posted: Mon Jul 13, 2015 10:15 am
by Malcolm
TheCatt wrote:So does Greece get a new government and reject the proposals again?
Headline:
"Greeks rebel for right to go bankrupt."
Posted: Mon Jul 13, 2015 3:42 pm
by Leisher
Greece is all Germany's fault...
Apparently, Greece is a business utopia and all of its policies work, they're just being sabotaged by the Germans.
Those same Germans who didn't want to bail them out a third time.
Posted: Mon Jul 13, 2015 4:01 pm
by Malcolm
Greek Prime Minister Alexis Tsipras has negotiated a third bailout for Greece with its Eurozone partners. The Greek Parliament should reject it, dump the euro and reintroduce the drachma.
With my best Jules Winfield voice, "I dare you."
Thanks to Schauble designed austerity and reforms, Greece’s economy has contracted 25 percent, sovereign debt has soared from 130 to 180 percent of GDP, and more than 100 billion euros or about 35 percent of bank loans are now classified as nonperforming.
Fucking wow.
Posted: Mon Jul 13, 2015 5:21 pm
by TheCatt
Leisher wrote:Greece is all Germany's fault...
Apparently, Greece is a business utopia and all of its policies work, they're just being sabotaged by the Germans.
Those same Germans who didn't want to bail them out a third time.
I think you're mis-reading the article, or misinterpreting.
The gist of the article is "The euro is dumb for Greece, and they will always suffer in it." Not that this is explicitly Germany's fault, but that this is the way that common currencies will always be for countries with such disparate economic conditions.
This is probably the argument to which I'm most sympathetic. But, I also wrote a 10-page economics paper for my degree basically saying that Euro = bad for many countries.
Posted: Mon Jul 13, 2015 6:19 pm
by Malcolm
Granted, there are huge economic diffs between Greece (or any Mediterranean country) and Germany (or any western European country), but Greece has been living beyond its means for some time now. Tax evasion is enforced over there about as steadfastly as jaywalking is over here.
Edited By Malcolm on 1436825981
Posted: Mon Jul 13, 2015 11:11 pm
by Leisher
common currencies will always be for countries with such disparate economic conditions.
I don't disagree with that, but I felt the article was strongly anti-Germany and other northern Euro countries, and pro socialist southern Euro countries.
Posted: Tue Jul 14, 2015 10:35 am
by Malcolm
[url=http://m.smh.com.au/world/authoritarian ... y-in-europ
e-proeu-lobby-group-20150714-gicdun.html]"Cast into slavery."[/url]
Posted: Fri Jul 17, 2015 1:17 pm
by Malcolm
Posted: Fri Jul 17, 2015 1:21 pm
by GORDON
Greece: But don't worry, I swear I wont cum in your mouth.
EU: knows it is about to get a mouthful of cum but can't help it
Posted: Sat Aug 15, 2015 9:57 pm
by GORDON
GORDON wrote:Do you get the impression Greece doesn't even care, they figure they can get unlimited money from the EU and they know it?
http://news.yahoo.com/greece-night-debate-bailout-043559778.html
Posted: Sat Aug 15, 2015 10:45 pm
by TheCatt
6 months of time wasted so Greece could say "Fuck you, Europe!" and Europe could say "Bend over, Greece!" and Greece says "Ok you win".
Posted: Thu Aug 20, 2015 12:01 pm
by Leisher
Posted: Thu Aug 20, 2015 1:25 pm
by TheCatt
You know what would be awesome? 6-12 more months of Greek bullshit.
Posted: Thu Aug 20, 2015 2:21 pm
by Malcolm
TheCatt wrote:You know what would be awesome? 6-12 more months of Greek bullshit.
I want to see how many mulligans Germany gives them before they get brutal. The cash you could make off the side bets would go a long way towards paying off Greece's debt.
Re:
Posted: Mon Jun 13, 2016 1:36 pm
by Malcolm
GORDON wrote:Puerto Rico comes out of nowhere with an unpayable debt. Vince's plan get a little shakier.
http://www.nytimes.com/2015....le.html
Makes me think there are some rich ass mother fuckers in PR. $72 billion in debt for a country of 3.6 million people. That's some impressive corruption.
One more nail in the coffin.