spook Posted July 12, 2015 Share Posted July 12, 2015 It has been established what the Greeks used to light their homes before candles. Electricity. Link to comment Share on other sites More sharing options...
gerrydandridge Posted July 12, 2015 Share Posted July 12, 2015 Greece could be the beginning of the abolition of debt slavery worldwide... Link to comment Share on other sites More sharing options...
spook Posted July 12, 2015 Share Posted July 12, 2015 Greece could be the beginning of the abolition of debt slavery worldwide... There is no such thing. Just people being required to repay their debts. Link to comment Share on other sites More sharing options...
the stinking enigma Posted July 12, 2015 Share Posted July 12, 2015 with interest Link to comment Share on other sites More sharing options...
spook Posted July 12, 2015 Share Posted July 12, 2015 with interest And the problem with that is? Link to comment Share on other sites More sharing options...
the stinking enigma Posted July 12, 2015 Share Posted July 12, 2015 It's immoral Link to comment Share on other sites More sharing options...
the stinking enigma Posted July 12, 2015 Share Posted July 12, 2015 As the church used to agree..They changed that one a few hundred years before the gay marriage one..priorities Link to comment Share on other sites More sharing options...
P.K. Posted July 13, 2015 Share Posted July 13, 2015 Bailed out again! Just putting off the inevitable ie taking the piss and more Euros. Link to comment Share on other sites More sharing options...
spook Posted July 13, 2015 Share Posted July 13, 2015 Let's see the details, and let's see if the Greek parliament approve them. Link to comment Share on other sites More sharing options...
Lxxx Posted July 13, 2015 Share Posted July 13, 2015 Meanwhile, over the other side of the world, a 30% fall in the Chinese stock market resulting in a loss equivalent to the UK's entire economic output last year has occurred but attention has been diverted to the will they/won't they tragi-comedy of the Greeks who, inevitably, caved in as lots predicted. Smoke and mirrors as the world economy starts to run out of gas. Link to comment Share on other sites More sharing options...
woolley Posted July 13, 2015 Share Posted July 13, 2015 It is only due to the enormous conceit of the Euro hierarchy that the situation has gone on for so long. The only way Greece can pay its debts to the rest of Europe and the IMF is if the rest of Europe and the IMF give it the money to do so. It has been that way for years and there is no end in sight. Give them 5 billion now and they will need 15 billion in six months. So the question is, what is the point of the charade? Who is it serving to prolong the agony that is Greece in the flawed Euro? Another 11.99th hour drama then kick it down the road again on Tuesday at the cost of more billions to the taxpayer. What's the betting? The Euro supremos are too arrogant to let their crazy project fail. Another 11.99th hour drama then kick it down the road again on Tuesday at the cost of more billions to the taxpayer. What's the betting? The Euro supremos are too arrogant to let their crazy project fail. A few days back, I would have agreed 100%. The messages that the Eurogroup are now sending seem to suggest that they have an overriding political agenda that Syriza should not be seen to succeed, and if that means a Greek exit from the euro, they will live with that. Equivalent parties to Syriza , like Podemos in Spain, stand to do well in forthcoming general elections, especially if the electorates perceive that Syriza achieved something worthwhile. The ECB decision of whether to continue pumping money into the Greek banking system will be telling. If they pull the plug, then Greece has few options and the only way to rescue any kind of internal economy might well be to start printing Drachma pretty damn quick. Internationally, good luck to them buying oil with Drachma. Knowing this lot, I still think it's a decent bet that it'll get kicked down the road yet again. Greek banks stay shut all week and limit withdrawals. Capital controls imposed. Referendum on Sunday. Further negotiations after the referendum result is know leading to yet another fudge and billions more down the same drain. As much as I disapprove of the way Greece has turned into a socialist nightmare the fact they are using democracy against bureaucracy needs to applauded. Very true, but it is telling that they are only using it because they are between a rock and a hard place and have absolutely nowhere else to run. And I STILL think it'll all be cobbled together yet again and kicked down the road. Unless the Greeks return a resounding no in the vote. You all seem to think it's over and the Greeks are out of the Euro. I am not so sure. The Euro project fanatics are mad enough to continue talking with Greece about this no matter how much it costs their taxpayers, and no matter how much their credibility is shot through with the rest of the PIGS. Tsipras knows this and he's been playing them all along. They would do a deal despite the obvious disaster looming further down the road. Voila. Even though they DID vote no. I rest my case. Link to comment Share on other sites More sharing options...
Lxxx Posted July 13, 2015 Share Posted July 13, 2015 It is only due to the enormous conceit of the Euro hierarchy that the situation has gone on for so long. The only way Greece can pay its debts to the rest of Europe and the IMF is if the rest of Europe and the IMF give it the money to do so. It has been that way for years and there is no end in sight. Give them 5 billion now and they will need 15 billion in six months. So the question is, what is the point of the charade? Who is it serving to prolong the agony that is Greece in the flawed Euro? Another 11.99th hour drama then kick it down the road again on Tuesday at the cost of more billions to the taxpayer. What's the betting? The Euro supremos are too arrogant to let their crazy project fail. Another 11.99th hour drama then kick it down the road again on Tuesday at the cost of more billions to the taxpayer. What's the betting? The Euro supremos are too arrogant to let their crazy project fail. A few days back, I would have agreed 100%. The messages that the Eurogroup are now sending seem to suggest that they have an overriding political agenda that Syriza should not be seen to succeed, and if that means a Greek exit from the euro, they will live with that. Equivalent parties to Syriza , like Podemos in Spain, stand to do well in forthcoming general elections, especially if the electorates perceive that Syriza achieved something worthwhile. The ECB decision of whether to continue pumping money into the Greek banking system will be telling. If they pull the plug, then Greece has few options and the only way to rescue any kind of internal economy might well be to start printing Drachma pretty damn quick. Internationally, good luck to them buying oil with Drachma. Knowing this lot, I still think it's a decent bet that it'll get kicked down the road yet again. Greek banks stay shut all week and limit withdrawals. Capital controls imposed. Referendum on Sunday. Further negotiations after the referendum result is know leading to yet another fudge and billions more down the same drain. As much as I disapprove of the way Greece has turned into a socialist nightmare the fact they are using democracy against bureaucracy needs to applauded. Very true, but it is telling that they are only using it because they are between a rock and a hard place and have absolutely nowhere else to run. And I STILL think it'll all be cobbled together yet again and kicked down the road. Unless the Greeks return a resounding no in the vote. You all seem to think it's over and the Greeks are out of the Euro. I am not so sure. The Euro project fanatics are mad enough to continue talking with Greece about this no matter how much it costs their taxpayers, and no matter how much their credibility is shot through with the rest of the PIGS. Tsipras knows this and he's been playing them all along. They would do a deal despite the obvious disaster looming further down the road. Voila. Even though they DID vote no. I rest my case. Nerr nerr nerr nerr nerr. Link to comment Share on other sites More sharing options...
Tarne Posted July 13, 2015 Share Posted July 13, 2015 Meanwhile, over the other side of the world, a 30% fall in the Chinese stock market resulting in a loss equivalent to the UK's entire economic output last year has occurred but attention has been diverted to the will they/won't they tragi-comedy of the Greeks who, inevitably, caved in as lots predicted. Smoke and mirrors as the world economy starts to run out of gas. This Chinese stock market is a completely internal thing. It also rose 80% in the past year which you didn't hear about, before correcting itself. It's a complete speculators game - you thought our stock market was bad with P/E not matching the share price sometimes? This is far far far worse with little regulation. World economy is relatively "fine" - just not much growth atm. As for running out of gas, fuel prices are so low because we have the opposite. Link to comment Share on other sites More sharing options...
Bobbie Bobster Posted July 13, 2015 Share Posted July 13, 2015 Meanwhile, over the other side of the world, a 30% fall in the Chinese stock market resulting in a loss equivalent to the UK's entire economic output last year has occurred but attention has been diverted to the will they/won't they tragi-comedy of the Greeks who, inevitably, caved in as lots predicted. Smoke and mirrors as the world economy starts to run out of gas. It's like some sort of giant conspiracy! Link to comment Share on other sites More sharing options...
GD4ELI Posted July 13, 2015 Share Posted July 13, 2015 This Chinese stock market is a completely internal thing. It also rose 80% in the past year which you didn't hear about, before correcting itself. It's a complete speculators game - you thought our stock market was bad with P/E not matching the share price sometimes? This is far far far worse with little regulation. World economy is relatively "fine" - just not much growth atm. As for running out of gas, fuel prices are so low because we have the opposite. Exactly, don't pay too much attention to China's markets. The UK is bopping along nicely thank-you. Slowly, steadily in the right direction. Link to comment Share on other sites More sharing options...
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