Greece: The US Donks of the Mediterranean.........

[CAA Flagship]

.......are still screwed up and in debt.

[kalm]

.......are still screwed up and in debt.

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

[CAA Flagship]

I mean debt is bad and should be avoided.

[grizzaholic]

.......are still screwed up and in debt.

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]

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.

....or pizza.

[dbackjon]

I mean debt is bad and should be avoided.

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

[CAA Flagship]

I mean debt is bad and should be avoided.

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.

[Chizzang]

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

[kalm]

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.

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]

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.

.....and what do you expect.

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

[kalm]

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.

Are they?

I figured they be fairly neutral.

But I'm sure a conk bank wouldn't do that.

[Cap'n Cat]

Flagship:

[BDKJMU]

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]

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....

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]

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

This cracked me up.

[Chizzang]

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.

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...

[kalm]

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...

I wasn't thinking of Italy...

[GSUhooligan]

This guy explains things in a way my pea brain can understand. He made the video during the debt "crisis" last year, but it is still pretty relevant.

[youtube]http://www.youtube.com/watch?v=3ugDU2qNcyg[/youtube]

Also, an explanation on Greece

[youtube]http://www.youtube.com/watch?v=mEVqeaFHsHE[/youtube]

[Cap'n Cat]

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....

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

[Baldy]

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

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

Standard operating procedure for Donks.

[mrklean]

They have HOT Women

[GSUhooligan]

They have HOT Women

Yes they do. I married one.

[mrklean]

They have HOT Women

Yes they do. I married one.

[kalm]

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.

http://www.theguardian.com/commentisfre ... europe-imf" onclick="window.open(this.href);return false;

[AZGrizFan]

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.

http://www.theguardian.com/commentisfre ... europe-imf" onclick="window.open(this.href);return false;

So, comparing banking systems with Iceland is a massive fail, but comparing economies to Greece is cool?