A Greek drama

Discussion in 'Property Market Economics' started by mrdobalina, 28th Jun, 2015.

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  1. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    60% youth unemployment. When you've lost all hope... then anything goes!
     
    mrdobalina, 6th Jul, 2015
    #61
  2. Chilliblue

    Chilliblue Well-Known Member

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    I remember reading a while back that any country that entered the EU were removed of their printing presses for their currency. If true, then maybe drachma's may not be making a comeback.

    Interesting to read the Italian media bagging out how stupid the Greek's are. Happy in their own ignorant bliss.
     
    Chilliblue, 6th Jul, 2015
    #62
  3. Casteller

    Casteller Well-Known Member

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    Good on Greece, German and French banks can get stuffed, they are the prime instigators of Greeces bankruptcy with their iidiotic lending all over southern Europe, time they paid for it instead of being bailed out all the time.
     
    Casteller, 6th Jul, 2015
    #63
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  4. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Time they stop lending money to a country unable to repay loans, unable & unwilling to collect taxes, where over 30% of public servants retire before 55 and 75% retire before 61, where the very wealthy church is mostly exempt from taxes and the clergy's salaries are paid by the state!! Where the extremely wealthy shipping industry, the world largest commercial fleet, is protected by the constitution (!!!) so that no taxes are paid at all on international earnings!

    Yeah, time they get their **** together and start collecting taxes like other countries do.
     
    Ouga, 6th Jul, 2015
    #64
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  5. Chrispy

    Chrispy Well-Known Member

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    I have been to many of the Greek Islands and could not help but notice that none of the houses appeared to be finished. I asked why this was and was told that as soon as the house was finished then rates had to be paid. So there was always a chimney etc missing.
     
    Chrispy, 6th Jul, 2015
    #65
  6. datto

    datto Well-Known Member

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    Sell them up! If you don't pay your debts you get sold up, that's the norm.

    Their islands must be worth a fortune in tourist dollars. Sell Mykanos to James Hardy and they can rename the place Asbestos!
     
    datto, 6th Jul, 2015
    #66
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  7. Aaron Sice

    Aaron Sice Well-Known Member

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    quoted for truth.

    sometimes apartment developments have the whole top floor missing, with just piers and the reo sticking out the top.
     
    Aaron Sice, 6th Jul, 2015
    #67
  8. Chrispy

    Chrispy Well-Known Member

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    True Aaron but this does not stop them from being let:)
     
    Chrispy, 6th Jul, 2015
    #68
  9. Big Red

    Big Red Well-Known Member

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    Unfortunately given what is happening it will end it very badly. I only wish I could do the same thing. I vote no to paying back loans and mortgages and living a good life with free government income for the rest of my life. To be honest did they really think this could go on forever?
     
    Big Red, 7th Jul, 2015
    #69
  10. Redwing

    Redwing Well-Known Member

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    Maybe not so much for France

    Greece Fallout: Italy & Spain Have Funded A Massive Backdoor Bailout Of French Banks

    This was interesting also

    [​IMG]

    Mauritius looks the same with the reo, though there,I think its intended for the kids to build on the top floor?
     
    Redwing, 7th Jul, 2015
    #70
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  11. mrdobalina

    mrdobalina Well-Known Member

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    Classic. The Greeks think they themselves are the hardest working!
     
    mrdobalina, 7th Jul, 2015
    #71
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  12. ADLInvestor

    ADLInvestor Well-Known Member

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    ADLInvestor, 8th Jul, 2015
    #72
  13. MarkB

    MarkB Well-Known Member

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    Michael Pascoe -

    It's now Greece's crisis, not the Greek crisis

    It is a big, colourful story that is getting disproportionate play here, partly because of the large Greek population in Australia, partly because the idea of Western country's banks being closed and cash rationed is rather frightening. Barring some institutional catastrophe, there are almost no economic links between Australia and Greece that matter.

    ...there's a strong case made for Greece being better off by in effect declaring bankruptcy and leaving the euro zone. Germany has gained from a euro that is weaker for the presence of fringe countries, but Greece has suffered from a euro that is stronger for the presence of Germany and its northern neighbours.
     
    MarkB, 8th Jul, 2015
    #73
  14. JDP1

    JDP1 Well-Known Member

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    It certainly is...the EU has put the heat right back on them yo come up with acceptable an counter proposal. Failing which, the greeks have most to lose and will backfire on their PM.
     
    JDP1, 8th Jul, 2015
    #74
  15. Azazel

    Azazel Well-Known Member

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    Azazel, 8th Jul, 2015
    #75
  16. Aaron Sice

    Aaron Sice Well-Known Member

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    still struggling to understand how you can have a monetary union, and individual economies.
     
    Aaron Sice, 8th Jul, 2015
    #76
  17. Casteller

    Casteller Well-Known Member

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    They do actually work longer hours than Germans, but Germany is more productive via a higher efficiency in their industries.

    Although the Greeks aren't blameless, their crisis has been caused by Europe. Its important that German banks suffer significant losses on the reckless lending they made to Greece which caused the crisis. The loans should be written off, not repaid through bailout money which Greece sees little of. The various bailouts have been for German and French banks, not for Greece.
     
    Casteller, 8th Jul, 2015
    #77
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  18. willair

    willair Well-Known Member Premium Member

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    From what one read through the media and other sites,, is Greece only gets 20% of the funds anyway the rest goes too bankers and bond holders,and with some of highest child poverty in the euro zone above 40%,then it may be best to walk away,and let the as other will do the same gfc mach 2domino effect..
     
    willair, 8th Jul, 2015
    #78
  19. Redwing

    Redwing Well-Known Member

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    Redwing, 10th Jul, 2015
    #79
  20. JDP1

    JDP1 Well-Known Member

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    JDP1, 10th Jul, 2015
    #80
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