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Re: Greece financial bailout, and the mood of other Euro users.
Can anyone quote some figures?
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Re: Greece financial bailout, and the mood of other Euro users.
First things first... Before writing any further I MUST make an admission... Greece's economy lies in a very bad state for the past 15 years. Fundamentally it's our governments' faults since 1974 that led us to this point. We are NOT looking to find any excuses. Furthermore, European Union knew about our economic status all along, so you can blame your governments as well for accepting us in the Eurozone in the first place...
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b) Communism? No way! Greece's communist party takes about 6% at every election since they were legalised in 1974... Only half of them are true communists, the other half see it as a way to go against the norm. It's true that our government holds shares or even entire control over loads of corporations and organisations. But you should understand that up to 20 years ago they were profitable. And now the question arises... What has the Greek government done in the past 20 years to solve this issue...? And I'll answer myself... Nothing... Quote:
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Firstly, Germany owes 275 Million Euros as reparations for World War I. Now, as of the Paris Peace Conference (1946) Germany was to pay reparations to Greece for different reasons, but all as a result from what took place during WWII... Here we go: a) 5 Billion Euros for all the damage caused during Greece's neutrality right before WWII, b) 51 Billion Euros as reparations for WWII, c) 14 Billion Euros for the Occupational Loan with which Germany charged the unable to react Bank of Greece in 1942... These sum up to a total 70 Billion Euros (today's values) without taking into account possible interest rates that Greece could apply. From these 70 Billion Euros Germany gave to Greece 115 million German Marks in 1960. Not included are restorations for victims as well as the destruction of great part of our archaeological and religious treasures! None knows for sure the exact amount of gold stolen but taking into account that Germany charged us with a huge loan, most of our gold must have been drained... When the German occupation was over Greece was left to misery. 900.000 victims, 35% forests destroyed, 90% of industries destroyed, almost total annihilation of communications - roads - railway - maritime. Greece now had a galloping inflation, about 15million times the one we had before the war! These are NOT excuses! These are facts. When we Greeks initiate conversations about who's to blame, we all blame our government and ourselves... We never say "damn you Germans and your reparations"... Quote:
Unfortunately my dear friends none would understand unless he resides either in Greece or in Turkey... As most of you might know Greece and Turkey have not been in the best terms for the last well couple thousands of years... But how many of you who criticise truly know how many wars Greece and Turkey had for the past 150 years and how many more times we were on the very verge of going to war? None of you... Cause you have no interest in this matter. Turkey invaded Cyprus in 1974... What did the Europeans do? They were staring... In 1996 we were once again on the very brink of war... Huge armies were massing at our borders... How many of you know that? None! And how could you possibly do...? I was there, my friends were there... But you were not... What did the European governments do? You know the answer... How many of you know that there are constant dogfights above Dodecanese (the easternmost islands of Greek-Aegean sea) EVERY single day? None! So spare me the lecture and the mocking please... This is not a result of being brainwashed. We LIVE this situation every passing day. But how could you possibly know such things...? Greece economy indeed resides on tourism, maritime and shipping because our INCAPABLE governments NEVER took advantage of our natural resources... And what are these natural resources you might ask... Oil at northern Aegean, Uranium (yes, you read correctly) at Northern Greece, and Gold allover Central and Northern Greece... Honestly now... What makes you think that Turkey wouldn't invade...? The European governments...? Come again... The United States...? Haha... They love the Turks... Why should they interfere... Greece might seem politically stable (for the moment at least) but in Turkey things are slightly different... Turkey's army would love to go on a coup d' etat... They commonly express their fears on how politicians behave... And then who is to guarantee that war is not an issue... I can go further on and analyse anything I've written on my post but I know I have already bored you and some even curse... Thus I ought to apologise for my long post! PS: Ossipena... I do feel sorry for you... And unfortunately I cannot help it... Insulting a nation the way you did WITH NO REASON AT ALL, MAKES me feel that way... |
Re: Greece financial bailout, and the mood of other Euro users.
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http://static.seekingalpha.com/uploa...debt201005.png |
Re: Greece financial bailout, and the mood of other Euro users.
overlord very nice analysis , well done
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Re: Greece financial bailout, and the mood of other Euro users.
From this analysis it looks like Italy is in a worse position. Right?
Whole of Europe is on minus!! This does not look good ... if more countries start having problems ... maybe theres a new global war brewing?? |
Re: Greece financial bailout, and the mood of other Euro users.
Italy must be one of most laid back countries in EU...that is both their strenght and weakness :)
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Re: Greece financial bailout, and the mood of other Euro users.
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Also there's no way to bail out Italy. It's simply too big. |
Re: Greece financial bailout, and the mood of other Euro users.
so whats happening in greece now? will food, cars and houses be cheeper or more expensive?
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Re: Greece financial bailout, and the mood of other Euro users.
Well the truth is that although VAT is about to be increased for the second time in two months, the prices should get lower... Not much, but still... If the enterprises and companies are to live through this crisis they are to lower their prices...
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Re: Greece financial bailout, and the mood of other Euro users.
Well, i was working active against the Euro here in Sweden. The socialist left party here in Sweden predicted this outcome. I am pretty happy the people listened to us and voted no.
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