Greek Financial Crisis Thread

[CTALNH]

Tough luck you should have said no.

Really? Our economy is the fastest growing economy in Europe, economic growth is expected to hit nearly 4-5% next year, level not seen for a decade. Austerity has ended, money is flowing up the high streets again, people's disposable incomes are growing, inflation has dropped, unemployment has plummeted, banks are stable and business is flourishing. We're better off saying yes I'd imagine

We will not be doing that.

[Laerod]

You arguably shouldn't have said no after raking in all that aid.

Sorry we are too much bastards to receive our punishment.

Admitting you have a problem is the first step towards overcoming it. Good job!

[CTALNH]

Sorry we are too much bastards to receive our punishment.

Admitting you have a problem is the first step towards overcoming it. Good job!

We are too much much of a bastards to admit to anything also.

[Landinium]

Really? Our economy is the fastest growing economy in Europe, economic growth is expected to hit nearly 4-5% next year, level not seen for a decade. Austerity has ended, money is flowing up the high streets again, people's disposable incomes are growing, inflation has dropped, unemployment has plummeted, banks are stable and business is flourishing. We're better off saying yes I'd imagine

We will not be doing that.

Because you guys didn't accept reforms. That's why you are in the hole you are in. And it'd be prudent for Monsieur Tsipras to learn a lesson:

When
You
Are
In
A
Hole
You
Stop
Digging

[The UK in Exile]

Tough luck you should have said no.

Really? Our economy is the fastest growing economy in Europe, economic growth is expected to hit nearly 4-5% next year, level not seen for a decade. Austerity has ended, money is flowing up the high streets again, people's disposable incomes are growing, inflation has dropped, unemployment has plummeted, banks are stable and business is flourishing. We're better off saying yes I'd imagine

However well its gone for you, Greek GDP has shrunk 25% and the debt to GDP ratio has ballooned since the bailout, it's not been a success as far as the Greek economy is concerned.

[CTALNH]

We will not be doing that.

Because you guys didn't accept reforms. That's why you are in the hole you are in. And it'd be prudent for Monsieur Tsipras to learn a lesson:

When
You
Are
In
A
Hole
You
Stop
Digging

No you keep digging until you fucking die.

No regrget!

[Borusenfront]

We will not be doing that.

Because you guys didn't accept reforms. That's why you are in the hole you are in. And it'd be prudent for Monsieur Tsipras to learn a lesson:

When
You
Are
In
A
Hole
You
Stop
Digging

The Greeks have their own way of life. What is better to work 18 hours per day like in Germany or enjoy like the Greeks? If the Greeks love it than they should not be opposed by the EU.

[Baltic Rome]

Really? Our economy is the fastest growing economy in Europe, economic growth is expected to hit nearly 4-5% next year, level not seen for a decade. Austerity has ended, money is flowing up the high streets again, people's disposable incomes are growing, inflation has dropped, unemployment has plummeted, banks are stable and business is flourishing. We're better off saying yes I'd imagine

However well its gone for you, Greek GDP has shrunk 25% and the debt to GDP ratio has ballooned since the bailout, it's not been a success as far as the Greek economy is concerned.

Because Ireland implemented all the necessary reforms as soon as possible. You can't do just little bit during multiple years and expect same results.

[Landinium]

Really? Our economy is the fastest growing economy in Europe, economic growth is expected to hit nearly 4-5% next year, level not seen for a decade. Austerity has ended, money is flowing up the high streets again, people's disposable incomes are growing, inflation has dropped, unemployment has plummeted, banks are stable and business is flourishing. We're better off saying yes I'd imagine

However well its gone for you, Greek GDP has shrunk 25% and the debt to GDP ratio has ballooned since the bailout, it's not been a success as far as the Greek economy is concerned.

But defaulting on major international loans is going to make everything peachy again, right?

*cough* Argentina *cough*

[CTALNH]

However well its gone for you, Greek GDP has shrunk 25% and the debt to GDP ratio has ballooned since the bailout, it's not been a success as far as the Greek economy is concerned.

But defaulting on major international loans is going to make everything peachy again, right?

*cough* Argentina *cough*

We never said it would be peachy but it would be helluva funny.

[Martean]

#YoVoyConGrecia (#ISupportGreece) it's right now trending topic in Spain and has been there since this morning. The announcement of the referendum came as a great surprise for many here in Spain, especially right-wing pseudointelectuals, which had been claiming during the negotiations that Syriza and Tsipras 'would have to do whatever the Troika demands' and that 'Populism doesn't work'. Indeed, today many political analysts couldn't believe it.

I would want Greece give a massive No to the Troika proposal. Greece can't, and shouldn't pay back its debt. And the sooner we start to recognize it, the better.

[The Qeiiam Galaxy]

Because you guys didn't accept reforms. That's why you are in the hole you are in. And it'd be prudent for Monsieur Tsipras to learn a lesson:

When
You
Are
In
A
Hole
You
Stop
Digging

The Greeks have their own way of life. What is better to work 18 hours per day like in Germany or enjoy like the Greeks? If the Greeks love it than they should not be opposed by the EU.

U wot m8?

[Baltic Rome]

#YoVoyConGrecia (#ISupportGreece) it's right now trending topic in Spain and has been there since this morning. The announcement of the referendum came as a great surprise for many here in Spain, especially right-wing pseudointelectuals, which had been claiming during the negotiations that Syriza and Tsipras 'would have to do whatever the Troika demands' and that 'Populism doesn't work'. Indeed, today many political analysts couldn't believe it.

I would want Greece give a massive No to the Troika proposal. Greece can't, and shouldn't pay back its debt. And the sooner we start to recognize it, the better.

What do you think Greece should do after defaulting? Do you have a plan or you just want to see them say no to so called "troika".

[CTALNH]

The Greeks have their own way of life. What is better to work 18 hours per day like in Germany or enjoy like the Greeks? If the Greeks love it than they should not be opposed by the EU.

U wot m8?

Yeah that a fallacy germans only work 22 hours per day.

[Landinium]

Because you guys didn't accept reforms. That's why you are in the hole you are in. And it'd be prudent for Monsieur Tsipras to learn a lesson:

When
You
Are
In
A
Hole
You
Stop
Digging

The Greeks have their own way of life. What is better to work 18 hours per day like in Germany or enjoy like the Greeks? If the Greeks love it than they should not be opposed by the EU.

Yeah that's fine, but the problem is- we're all linked. If Greece fails, we all fail. So what the Greeks like to live large, i'd be all for booting them out of the Eurozone as soon as possible if it wasn't for the knock on effects. I personally don't want my back pocket to be harmed because of years of bad management and shitty government in Greece

[CTALNH]

#YoVoyConGrecia (#ISupportGreece) it's right now trending topic in Spain and has been there since this morning. The announcement of the referendum came as a great surprise for many here in Spain, especially right-wing pseudointelectuals, which had been claiming during the negotiations that Syriza and Tsipras 'would have to do whatever the Troika demands' and that 'Populism doesn't work'. Indeed, today many political analysts couldn't believe it.

I would want Greece give a massive No to the Troika proposal. Greece can't, and shouldn't pay back its debt. And the sooner we start to recognize it, the better.

What do you think Greece should do after defaulting? Do you have a plan or you just want to see them say no to so called "troika".

You do know that we have a balanced budget right?

We don't need to pass more of these stupid memorandums from the EU to function as a state.

[CTALNH]

The Greeks have their own way of life. What is better to work 18 hours per day like in Germany or enjoy like the Greeks? If the Greeks love it than they should not be opposed by the EU.

Yeah that's fine, but the problem is- we're all linked. If Greece fails, we all fail. So what the Greeks like to live large, i'd be all for booting them out of the Eurozone as soon as possible if it wasn't for the knock on effects. I personally don't want my back pocket to be harmed because of years of bad management and shitty government in Greece

Sorry not our problem.

[The Qeiiam Galaxy]

This case only shows that the euro should have never been created, especially as the currency was not recommended by economists. The Euro would fit the desires of some economies but not to other. It was far more logical if Greece had the same currency with countries that has similar economy as she do and not with Germany. There is also the issue of work etnics as the Greeks have no the protestant working habits as Germany or the Netherlands.

1) No, this shows that they should never have let Greece join the Eurozone.

2) Oh please, this "protestant work ethic" bullshit again?
http://www.theguardian.com/news/datablo ... king-hours

[Landinium]

What do you think Greece should do after defaulting? Do you have a plan or you just want to see them say no to so called "troika".

You do know that we have a balanced budget right?

We don't need to pass more of these stupid memorandums from the EU to function as a state.

Are you....

Are you for real, are you trolling or are you just insane? Greece's net debt to GDP ratio is 177%!!!!!! Your debt is 177% of what the gov. takes in.

One hundred and seventy seven. Just let that sink in

[Borusenfront]

Yeah that's fine, but the problem is- we're all linked. If Greece fails, we all fail. So what the Greeks like to live large, i'd be all for booting them out of the Eurozone as soon as possible if it wasn't for the knock on effects. I personally don't want my back pocket to be harmed because of years of bad management and shitty government in Greece

Yes, you have a point here and your concernes are justified. Only to elighten here, who is the one that makees are linked? Who is the one who is forcing countries to adopt a single currency? It is the EU and if there was not this centralised tendencies of the Brusselian beraucrats than we all could have enjoyed our way of life. You would not be concerned where your money is going and the Greeks would be able to not be bullied. It is this concept of "ever closer union" that created this situation.

[Martean]

#YoVoyConGrecia (#ISupportGreece) it's right now trending topic in Spain and has been there since this morning. The announcement of the referendum came as a great surprise for many here in Spain, especially right-wing pseudointelectuals, which had been claiming during the negotiations that Syriza and Tsipras 'would have to do whatever the Troika demands' and that 'Populism doesn't work'. Indeed, today many political analysts couldn't believe it.

I would want Greece give a massive No to the Troika proposal. Greece can't, and shouldn't pay back its debt. And the sooner we start to recognize it, the better.

What do you think Greece should do after defaulting? Do you have a plan or you just want to see them say no to so called "troika".

Start issuing pagarés, slowly making a transition to Dracma, and when things stabilize, go to the financial markets again and renegotiate the debt with the rest of Europe.

[Martean]

You do know that we have a balanced budget right?

We don't need to pass more of these stupid memorandums from the EU to function as a state.

Are you....

Are you for real, are you trolling or are you just insane? Greece's net debt to GDP ratio is 177%!!!!!! Your debt is 177% of what the gov. takes in.

One hundred and seventy seven. Just let that sink in

But has a 2% surplus. The thing is the troika is imposing all these measures so Greece pays back. However, what if it doesn't?

[Baltic Rome]

The Greeks have their own way of life. What is better to work 18 hours per day like in Germany or enjoy like the Greeks? If the Greeks love it than they should not be opposed by the EU.

Yeah that's fine, but the problem is- we're all linked. If Greece fails, we all fail. So what the Greeks like to live large, i'd be all for booting them out of the Eurozone as soon as possible if it wasn't for the knock on effects. I personally don't want my back pocket to be harmed because of years of bad management and shitty government in Greece

If Greece fails I doubt that it has major effects on other European countries. Things would have been different in 2012 had Greece leaved eurozone but since then people have thought about this scenario and European economies should be able to handle it.

What do you think Greece should do after defaulting? Do you have a plan or you just want to see them say no to so called "troika".

You do know that we have a balanced budget right?

We don't need to pass more of these stupid memorandums from the EU to function as a state.

Greece was expected to have budget surplus in 2015 but this didn't turn out to be true. All these negiotiations without results have had its impact.

[Landinium]

Yeah that's fine, but the problem is- we're all linked. If Greece fails, we all fail. So what the Greeks like to live large, i'd be all for booting them out of the Eurozone as soon as possible if it wasn't for the knock on effects. I personally don't want my back pocket to be harmed because of years of bad management and shitty government in Greece

Yes, you have a point here and your concernes are justified. Only to elighten here, who is the one that makees are linked? Who is the one who is forcing countries to adopt a single currency? It is the EU and if there was not this centralised tendencies of the Brusselian beraucrats than we all could have enjoyed our way of life. You would not be concerned where your money is going and the Greeks would be able to not be bullied. It is this concept of "ever closer union" that created this situation.

Yes, because blaming the decisions of the past 20-30 years is going to get us out of this crisis. We need to look forward and deal with this disaster then you can blame whomever-the-fuck-you-want afterwards

[CTALNH]

You do know that we have a balanced budget right?

We don't need to pass more of these stupid memorandums from the EU to function as a state.

Are you....

Are you for real, are you trolling or are you just insane? Greece's net debt to GDP ratio is 177%!!!!!! Your debt is 177% of what the gov. takes in.

One hundred and seventy seven. Just let that sink in

Are you economically inept?

Most of that debt is what we owe to the EU,IMF and the rest of the creditors! The budget of greece aka expenditures versus our income is balanced and we are making a surplus.

We simply need to not give a fuck stop paying our debt and we are gonna survive.