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CAA Flagship wrote:.......are still screwed up and in debt.

kalm wrote:

CAA Flagship wrote:.......are still screwed up and in debt.

You mean they didn't fund two wars and provided a prescription drug benefit to elders?

grizzaholic wrote:

kalm wrote:
You mean they didn't fund two wars and provided a prescription drug benefit to elders?

Come on Kalm...stick to your guns. Greece doesn't make any good weapons.

CAA Flagship wrote:I mean debt is bad and should be avoided.

dbackjon wrote:

CAA Flagship wrote:I mean debt is bad and should be avoided.

So you bought your house in cash? All of your cars?

CAA Flagship wrote:

dbackjon wrote:

So you bought your house in cash? All of your cars?

I was financed an amount that the creditor believed I could easily repay in a specified period of time. The minute I no longer exhibit that status, it is taken away.
Debt on a global level is given a lot more leeway on the repayment schedule but at this time, the fan is on and the shit is airborne.

kalm wrote:

CAA Flagship wrote: I was financed an amount that the creditor believed I could easily repay in a specified period of time. The minute I no longer exhibit that status, it is taken away.
Debt on a global level is given a lot more leeway on the repayment schedule but at this time, the fan is on and the shit is airborne.

Goldman Sachs had zero problem adding to Greeks debt in order to "help them out."

JFC, and here I thought I was a reductionist.

Baldy wrote:

kalm wrote:
Goldman Sachs had zero problem adding to Greeks debt in order to "help them out."

JFC, and here I thought I was a reductionist.

.....and what do you expect.

Aside from an outlier or two, Goldman Sachs is a Donk cesspool circle jerk.

Chizzang wrote:Interestingly enough...
Massive Tax evasion by the ultra wealthy is considered as much a reason for Greek financial issues as any other circumstance.

I find that hysterical actually

BDKJMU wrote:

Chizzang wrote:Interestingly enough...
Massive Tax evasion by the ultra wealthy is considered as much a reason for Greek financial issues as any other circumstance.

I find that hysterical actually

Massive Tax evasion by most of the Greek population combined by a cradle to grave massive entitlement mentality is why....

Chizzang wrote:

BDKJMU wrote:
Massive Tax evasion by most of the Greek population combined by a cradle to grave massive entitlement mentality is why....

that's the death of a country right there...
I want roads and electricity and free healthcare / but I'm not going to pay taxes

kalm wrote:

Chizzang wrote:
that's the death of a country right there...
I want roads and electricity and free healthcare / but I'm not going to pay taxes

This cracked me up.

Chizzang wrote:

kalm wrote:
This cracked me up.

Italy is headed for a similar problem
Culturally they want "services" provided and all that
But a huge percentage of their economy is underground / concealed from the federal governments taxation and the wealthy are extremely adept at avoiding taxation

It's headed for a rough conclusion...

BDKJMU wrote:

Chizzang wrote:Interestingly enough...
Massive Tax evasion by the ultra wealthy is considered as much a reason for Greek financial issues as any other circumstance.

I find that hysterical actually

Massive Tax evasion by most of the Greek population combined by a cradle to grave massive entitlement mentality is why....

Cap'n Cat wrote:

BDKJMU wrote:
Massive Tax evasion by most of the Greek population combined by a cradle to grave massive entitlement mentality is why....

Hmmmmm. Sounds kinda Conky........

mrklean wrote:They have HOT Women

GSUhooligan wrote:

mrklean wrote:They have HOT Women

Yes they do. I married one.

Greece: signs of growth come as austerity eases
The IMF's austerity plan hasn't worked. Greece's possible recovery is down to a construction programme boosting the economy

Of course, Greece is still far from out of the woods. With a debt-to-GDP ratio of 176% (it was about 115% when Greece began austerity), and facing high interest rates if it returns to market financing, there could be more crises and another debt restructuring ahead. And even if the return to growth this year convinces investors to put their money in Greece, it will take years for unemployment to reach humane levels.

kalm wrote:Ruh Row...conk austerity fail...

Greece: signs of growth come as austerity eases
The IMF's austerity plan hasn't worked. Greece's possible recovery is down to a construction programme boosting the economy

Of course, Greece is still far from out of the woods. With a debt-to-GDP ratio of 176% (it was about 115% when Greece began austerity), and facing high interest rates if it returns to market financing, there could be more crises and another debt restructuring ahead. And even if the return to growth this year convinces investors to put their money in Greece, it will take years for unemployment to reach humane levels.

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