Guest TPAFKATS Posted July 14, 2015 Report Share Posted July 14, 2015 IMF report states Greece debt heading towards 200% of economic output. It was 127% at start of euro crisis. Acknowledges that debt relief is only way to getting close to solving Greece's problem. Debt relief continues to be ruled out by EU. Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted July 14, 2015 Report Share Posted July 14, 2015 If IMF won't back this latest plan then it's not likely to happen. Quote Link to comment Share on other sites More sharing options...
bluto Posted July 15, 2015 Report Share Posted July 15, 2015 Greece disnae have the infrastructure to collect taxes, manage debts/investment or their economy in ways that would ever satisfy Northern Europe. Like Germany after WWII, it needs the equivalent of a Marshall plan FOR DECADES before it can envisage stability, economic independence and a decent future for its people. It's a shite state of affairs. And a long long way from being sorted out. Quote Link to comment Share on other sites More sharing options...
stlucifer Posted July 15, 2015 Report Share Posted July 15, 2015 (edited) The IMF are talking about writing off debt. This may be a bit simplistic but wouldn't it be a better option to freeze some of it rather than losing it altogether? It might take decades to begin recouping but that would be fairer to the rest of the European countries who actually put in place a reasonable setup to tax their citizens and fund their own democracies. Greece, as a country, has basically been living beyond it's means and should not be allowed to renege on its responsibilities. But by no means open the flood gates for Portugal and others to think they have an easy way out. Edited July 15, 2015 by stlucifer Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted July 15, 2015 Report Share Posted July 15, 2015 (edited) The IMF are talking about writing off debt. This may be a bit simplistic but wouldn't it be a better option to freeze some of it rather than losing it altogether? It might take decades to begin recouping but that would be fairer to the rest of the European countries who actually put in place a reasonable setup to tax their citizens and fund their own democracies. Greece, as a country, has basically been living beyond it's means and should not be allowed to renege on its responsibilities. But by no means open the flood gates for Portugal and others to think they have an easy way out. It's an interesting opinion however if you look a bit deeper, what countries are living within their means? Specifically, the countries currently lecturing Greece on financial matters...There is no easy way out, however the current approach is akin to a coup by Germany and it's allies. Edited July 15, 2015 by TPAFKATS Quote Link to comment Share on other sites More sharing options...
Kendo Posted July 15, 2015 Author Report Share Posted July 15, 2015 And now riots on the streets tonight. The Greek government have made a real James Hunt of this. They promised to prevent austerity and were elected on this promise, they refused to accept the bailout on the grounds that the austerity measures were too severe. They held a referendum to reject the proposals and the people voted overwhelmingly to reject the proposals. They then agreed to worse conditions than the people voted to reject????? No wonder there are riots on the street WTF was the Greek PM expecting to happen? Quote Link to comment Share on other sites More sharing options...
saintnextlifetime Posted July 15, 2015 Report Share Posted July 15, 2015 The thing is , that the Greeks , well about 80% of them , wish to stay in the Euro . It is as if they want their cake and to eat it . It really is a pile of shite there. . I remember hearing a guy on the radio a couple of years ago saying that the only way out of the mess is to go back to the Drachma . . I blame the Euro. . Quote Link to comment Share on other sites More sharing options...
salmonbuddie Posted July 16, 2015 Report Share Posted July 16, 2015 I blame Thatcher. On principle. Quote Link to comment Share on other sites More sharing options...
Kendo Posted July 16, 2015 Author Report Share Posted July 16, 2015 I blame Thatcher. On principle. Refusing to join the Euro and saying that it couldn't work under its present rules was one thing that Maggie got 100% correct. Quote Link to comment Share on other sites More sharing options...
bluto Posted July 16, 2015 Report Share Posted July 16, 2015 Refusing to join the Euro and saying that it couldn't work under its present rules was one thing that Maggie got 100% correct.An imaginative interpretation of the Coo's moos....She was not keen on the Euro only cos she saw it as a tool that would inevitably move European countries into closer union. Her days are past now - any 'present rules' are/were no longer applicable to her mouthings off. She was the person who said the £ was safe in her hands. She was also the person who got rid of it and left us with the wee, euro-style "pound" coins. If any politician is to be thanked for keeping UK out of the euro it could be Gordon Broon, whose 5 points that had to be hit never were.... Some say Ed Balls actually came up with them... It's a daft game applauding politicians for just happening to be around when fortune blindly doesn't hurt us. Try to remember things like the crushing of the miners and closing of the majority of our coal reserves, the milk snatching, the privatisation of so many of our national treasures and selling them off to her cronies. She got those things 100% correct if that phrase describes ripping off UK and flogging it to foreigners. Aye, she was a great patriot... to other countries and their investors. Quote Link to comment Share on other sites More sharing options...
charlie Posted July 16, 2015 Report Share Posted July 16, 2015 The Answer is fairly simple. The Greeks only need to copyright: * Democracy * Philosophy * Pythagoras Theorem and charge the rest of the world for copyright payments Their debt would be eliminated in weeks straight into surplus. Simple Quote Link to comment Share on other sites More sharing options...
bluto Posted July 16, 2015 Report Share Posted July 16, 2015 The Answer is fairly simple. The Greeks only need to copyright: * Democracy * Philosophy * Pythagoras Theorem and charge the rest of the world for copyright payments Their debt would be eliminated in weeks straight into surplus. Simple The one small flaw in that suggestion is that some heidcases would give Thatcher credit for those... Quote Link to comment Share on other sites More sharing options...
Seaside Nipper Posted July 16, 2015 Report Share Posted July 16, 2015 An imaginative interpretation of the Coo's moos.... She was not keen on the Euro only cos she saw it as a tool that would inevitably move European countries into closer union. Her days are past now - any 'present rules' are/were no longer applicable to her mouthings off. She was the person who said the £ was safe in her hands. She was also the person who got rid of it and left us with the wee, euro-style "pound" coins. If any politician is to be thanked for keeping UK out of the euro it could be Gordon Broon, whose 5 points that had to be hit never were.... Some say Ed Balls actually came up with them... It's a daft game applauding politicians for just happening to be around when fortune blindly doesn't hurt us. Try to remember things like the crushing of the miners and closing of the majority of our coal reserves, the milk snatching, the privatisation of so many of our national treasures and selling them off to her cronies. She got those things 100% correct if that phrase describes ripping off UK and flogging it to foreigners. Aye, she was a great patriot... to other countries and their investors. oh aye, and bi fuc are we now living the Thatcherite dream today. What a cluster fuc of a society we have courtesy of the ol cow. Rant over ................ Quote Link to comment Share on other sites More sharing options...
bluto Posted July 16, 2015 Report Share Posted July 16, 2015 oh aye, and bi fuc are we now living the Thatcherite dream today. What a cluster fuc of a society we have courtesy of the ol cow. Rant over ................ No, no! Carry on! Wire in, be my guest.... Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted July 16, 2015 Report Share Posted July 16, 2015 Who woke bluto from his pre season slumber? Quote Link to comment Share on other sites More sharing options...
bluto Posted July 16, 2015 Report Share Posted July 16, 2015 Who woke bluto from his pre season slumber? Sorry. I have a few days off 'work'. Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted July 16, 2015 Report Share Posted July 16, 2015 Thatcher. Woooooo. She put the willies up 'im... Quote Link to comment Share on other sites More sharing options...
Kendo Posted July 16, 2015 Author Report Share Posted July 16, 2015 Thatcher. Woooooo. This is a Greece thread get back on topic. Thatcher has got he haw to do with the plight of the Greek government and the people. Quote Link to comment Share on other sites More sharing options...
bluto Posted July 16, 2015 Report Share Posted July 16, 2015 This is a Greece thread get back on topic. Thatcher has got he haw to do with the plight of the Greek government and the people. YOU started it! Quote Link to comment Share on other sites More sharing options...
Guest TPAFKATS Posted July 16, 2015 Report Share Posted July 16, 2015 Denis liked a bit of Greek Quote Link to comment Share on other sites More sharing options...
saintnextlifetime Posted July 17, 2015 Report Share Posted July 17, 2015 Denis liked a bit of Greek That , sounds like a euphemism . . Quote Link to comment Share on other sites More sharing options...
Kendo Posted July 17, 2015 Author Report Share Posted July 17, 2015 YOU started it! This is like a sketch from Faulty Towers. It was salmonbuddie that started it. Quote Link to comment Share on other sites More sharing options...
Kendo Posted July 17, 2015 Author Report Share Posted July 17, 2015 Denis liked a bit of Greek Is the Duke of Edinburgh not Greek? Is he paying his taxes? Quote Link to comment Share on other sites More sharing options...
faraway saint Posted July 17, 2015 Report Share Posted July 17, 2015 Is the Duke of Edinburgh not Greek? Is he paying his taxes? Shull says he always pays him.............................. Quote Link to comment Share on other sites More sharing options...
Kendo Posted July 17, 2015 Author Report Share Posted July 17, 2015 Shull says he always pays him.............................. You're posts are all Greek to me. Quote Link to comment Share on other sites More sharing options...
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