Tarne Posted June 30, 2015 Share Posted June 30, 2015 yep... Still, €1.41 to the £, good time to stock up on Euro. Link to comment Share on other sites More sharing options...
Andy Onchan Posted July 1, 2015 Share Posted July 1, 2015 Any truth in the matter? Whilst in Greece recently, I thought it was just one of those conspiracy rumours (and may well be), but I heard that the Greeks disliked paying tax so much (who doesn't) that numerous 1000's and 1000's of acres of olive groves was not known of and it was only till the Greek Government asked Google to show Greece on a map, that they found out about the huge mass of olive groves about the size of the UK which was unknown of and that they hadn't taxed. I don't personally know if its true or not, but does anyone know if this was or wasn't true? Not paying tax is a national past-time in Greece. It's either not declared or dubious accounting methods and use of Cyprus companies are used to mitigate the liability. You would think that our friends Mr. Murphy & Tax Justice Network would have a field day but instead he's wondering why IMF are refusing to allow Greece to increase tax rates on businesses. Thge whole thing is screwed up and IMHO the Greeks only have themselves to blame. Link to comment Share on other sites More sharing options...
hillshepherd Posted July 1, 2015 Share Posted July 1, 2015 the greeks have been screwed by Kraut/frog bankers,the people to blame are the fucking eurocrats who let them in,THEY SHOULD NEVER HAVE BEEN ALLOWED INTO THE EUROZONE. http://www.marketwatch.com/story/10-things-theyre-not-telling-you-about-the-greek-crisis-2015-07-01 Link to comment Share on other sites More sharing options...
Tarne Posted July 1, 2015 Share Posted July 1, 2015 So, I'm being an armchair retard here, but as far as I can see there are two options now: Eurozone bails them out again. Greece stays on Euro. Can gets pushed down the road with promises they'll change but nothing will, and they'll be in the same circumstance in a couple of years. Greece leaves Euro currency and goes back to Drachma. Drachma devalues as they try to pay off their debt with their new currency. Printing more money devalues it even more etc etc. In ten years, Greece maybe reaches wealth level of now but has a solid base to work from. Link to comment Share on other sites More sharing options...
Tarne Posted July 1, 2015 Share Posted July 1, 2015 the greeks have been screwed by Kraut/frog bankers,the people to blame are the fucking eurocrats who let them in,THEY SHOULD NEVER HAVE BEEN ALLOWED INTO THE EUROZONE. http://www.marketwatch.com/story/10-things-theyre-not-telling-you-about-the-greek-crisis-2015-07-01 Well, no, that misses quite a few things out which are the Greeks fault. But still a useful link for the "meh, it's a tiny country in terms on economy" bit. I think it's more a case of sensationalised, but it's still interesting. I'll probably have forgotten about it by this time next year. Link to comment Share on other sites More sharing options...
Andy Onchan Posted July 1, 2015 Share Posted July 1, 2015 According to the Telegraph: Tsipras capitulates to creditors saying he is prepared to accept all bailout conditions Link to comment Share on other sites More sharing options...
ballaughbiker Posted July 1, 2015 Share Posted July 1, 2015 yep... Still, €1.41 to the £, good time to stock up on Euro. Might also be better to hang on a bit. Link to comment Share on other sites More sharing options...
spook Posted July 1, 2015 Share Posted July 1, 2015 the greeks have been screwed by Kraut/frog bankers,the people to blame are the fucking eurocrats who let them in,THEY SHOULD NEVER HAVE BEEN ALLOWED INTO THE EUROZONE. http://www.marketwatch.com/story/10-things-theyre-not-telling-you-about-the-greek-crisis-2015-07-01 If the Greek government had not lied through their teeth they would not have been granted accession. It's not the fault of anyone but the Greeks. Link to comment Share on other sites More sharing options...
the stinking enigma Posted July 1, 2015 Share Posted July 1, 2015 The Greek government and the banks not the whole Greek population spook Link to comment Share on other sites More sharing options...
Lxxx Posted July 1, 2015 Share Posted July 1, 2015 According to the Telegraph: Tsipras capitulates to creditors saying he is prepared to accept all bailout conditions He probably had a visit from a couple of guys in dark suits who advised him that planes are a little unreliable these days and it might be in his best interests to not book any foreign travel anytime soon. If he maintains his stance. Link to comment Share on other sites More sharing options...
Lxxx Posted July 2, 2015 Share Posted July 2, 2015 Very good article about the current situation in Greece, from a man who wrote a very revealing book about what happens behind the scenes in instances like this. http://www.truth-out.org/news/item/26112-an-economic-hit-man-speaks-out-john-perkins-on-how-greece-has-fallen-victim-to-economic-hit-men Link to comment Share on other sites More sharing options...
Lxxx Posted July 2, 2015 Share Posted July 2, 2015 So, what's the latest then? Tsipras capitulated. http://armstrongeconomics-wp.s3.amazonaws.com/2015/07/Greek-Letter-6-30-2015.pdf Link to comment Share on other sites More sharing options...
woolley Posted July 2, 2015 Share Posted July 2, 2015 But he's still telling the Greeks to vote no as he says it will strengthen his hand in negotiations. Link to comment Share on other sites More sharing options...
Lxxx Posted July 2, 2015 Share Posted July 2, 2015 But he's still telling the Greeks to vote no as he says it will strengthen his hand in negotiations. There won't be any negotiations. Me thinks there will be some form of 'regime change' in Greece soon. The Euro is like the Hotel California, you can check in but you can never leave I'm afraid. Link to comment Share on other sites More sharing options...
woolley Posted July 2, 2015 Share Posted July 2, 2015 The longer they forcibly hold it together against all the obvious natural pressures, the bigger the bang when it goes. And it will. Same with lots of things. They need some scientists in there. Link to comment Share on other sites More sharing options...
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