Asshat wormie
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Greece - A New Hope
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Asshat wormie
2023 Asshat Award Winner
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Nah. Someone said Greece fudged books to get into EU. Someone else said that this is incorrect because at the time of joining, Greece met the requirements but when the requirements were changed later on by EU, Greece no longer met such requirements. But they were already in EU so the new reqs mean dick. Then dumb fuck gets on here and says that EU changing requirements is the same as Greece fudging the books. Shit is dumb.
Hoss
Make America's Team Great Again
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Yes, I followed all of that up to the last sentence. What I was saying is that I *thought* his point was that the EU had to change the rules because Greece gamed the existing rules like they were the patriots. Hey wait, is Belichick a greek name?
Sorry, don't mean to make threads collide like that. Anyway, I don't know one way or the other, just saying that was how I read it as I was reading all the posts. I am assuming that since this is a thread about Greek politics, the most knowledgeable people are not native english speakers and giving him some leeway based on that.
Sorry, don't mean to make threads collide like that. Anyway, I don't know one way or the other, just saying that was how I read it as I was reading all the posts. I am assuming that since this is a thread about Greek politics, the most knowledgeable people are not native english speakers and giving him some leeway based on that.
Considering how much I paid to the illegitimate federal government forced upon us with Lee's capitulation? I wouldn't know.
Tell you what: We'll trade you all the blacks that you keep on welfare and section 8 and call it even.
Asshat wormie
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Xequecal
Trump's Staff
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The Greeks absolutely were fudging the books and gaming the system, they just didn't start doing it until after they were in the EU already. Secret borrowing when you have your own currency doesn't really work, you just create inflation. It's much more effective when you're on the Euro and you're small enough that your borrowing can't create noticeable inflation anymore.
They were an integral part of the South when they worked. Now they just collect welfare, burn down corner stores when one of them gets shot by a white guy, and vote for liberals. How can you steal from a people that have and are nothing?
Hoss
Make America's Team Great Again
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You trick them into doing stuff.
I am beginning to think gadrel isn't actually greek, and I withdraw the grammar leeway I previously afforded him.
ohkcrlho
Silver Baronet of the Realm
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^^^^^^^
But some leaders today, still think it is the right path.
And then Syriza came, later will be FN in France, etc...
The problem wasn't the accounting method, the problem was the figures Greece was reporting were a fabrication, and everyone knew it. It doesn't really matter how you add the numbers up if the numbers themselves are false. Here's an explanation of how they did it:
BBC News - How magic made Greek debt disappear before it joined the euro
Like I said, at the time it wasn't a secret what the Greek government was up to, but the Euro countries simply decided to ignore the issue because of politics, not economics. What we see now are the terrible consequences of that for the Greek people.
iannis
Musty Nester
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Dunno. What is it like?
You think those cities feed themselves? You've got more apartment buildings and roads than you've got farmland.
To be completely fair, I do like cranberries. I will miss those when the revolution comes.
They didn't just ignore it they were complicit in it. They knew exactly what was going on but it suited Germanys financial markets to have a place to put their money.
BBC News - Did Germany sow the seeds of the eurozone debt crisis?
Further, in the very article you linked it underlines that Germany and France were equally as guilty of breaking the rules, linking to :
Whos Responsible For the Euromess? | Mother Jones
What needs to be understood here is that Greece swallowed the bitterest of pills that was put on it to to meet their obligation to the debt but the IMF and the EU got it horribly wrong in the policies it inflicted on Greece and what it would do to its economy. Nobel Prize winning Economist Krugman is worth a read on this :
Log In - The New York Times
And muslims and gays.... (not that they would be missed... zing)
But yes, Greek doubled down on trickle down economics... and it failed them hardcore.
Yes, I'm biased... but I'm a government worker and 30% of my paycheck goes to taxes, 60% gets spent. 10% gets saved.
Cut my salary by 20%, and you've reduced the amount of money I give to the government in taxes, but more importantly the 60% that I normally spend is now reduced... so companies that I normally give money to, forecast lower profits, so they cut back (fire people) and sit on their cash reserves. Those fired people in turn, decide to stop spending money, because they are worried about survival.
The entire engine of the economy slows to a grind... lots of people (corporations) have money, but no one is working, nothing is being produced, and shit goes downhill fast all because of GOVERNMENT BAD meme that infected business schools for the past 20 years, and the even worse meme (fire people when sales are down) that EVERYONE in business began following.
And Krugman's analogy is perfect:
Austerity is the same thing as "the beatings will continue until morale improves"
Lleauaric
Sparkletot Monger
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You must be confusing the south for California and the Midwest. Nobody likes Okra up here.
http://wherefoodcomesfrom.com/Articl...6#.VMo192jF-Sq
It is shameful.. for all your Farmland.. South Carolina, the heart of the confederacy, for example has 1.43% of the population, yet only produces .69% of the food, and thats supposed to be its strength? Virginia produces .88% yet is 2.5% of the population, Louisiana is 1.57% of population yet produces .92% of the food. Tennessee has 2% of pop, yet produces only 1% of the nations food. Alabama is 1.5 pop with 1.3% of food. Kentucky is 1.4% of pop with 1.3% of food. Florida is 5% of the population yet produces only 2% of the food. Texas is 7% of the population, yet producing 6% of the food.
Cmon now.. lets not act like the South is some sort of bread basket. It seems to be the home to a great deal of poorly used land.
At least you are the leaders in Meth addicts.
Investors have woken up to Greece's nuclear risk - Telegraph
according to that, his first act of office was to rehire 600 cleaning crew that worked for the government, to keep the books balanced, he fired financial advisers that worked for the previous administrations..
according to that, his first act of office was to rehire 600 cleaning crew that worked for the government, to keep the books balanced, he fired financial advisers that worked for the previous administrations..
All good points.
I listened in on a debate about how the EU really needed a fiscal transfer mechanism in order for the Euro to work properly. something that was mooted for a long time (http://www.imf.org/external/pubs/ft/wp/2013/wp13198.pdf). What was eventually put in place was the European Stability Mechanism, which gives out funds but only by imposing such drastic conditions on the recipient that they end up virtually locked in a downward economic spiral, never mind the domestic political consequences of surrendering your country's economic policy to an unelected foreign commission.