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Subject: »NEWS AROUND THE WORLD
Of course it's simplistic, it's a generalisation. C stands for the group of people whose interests are not directly backed. It could also be worded like this: cuts go the way of the least resistance.
Oh yes, I think if you come with that plan to the European Commission, they will grant you new loans. What the ...
You don't go with that plan to the European Comission. You just do it. That's the point.
And if you do it, you no longer need loans to begin with, since you only needed them to pay back loans.
It's called "default", and there's several ways to do it. Sometimes people don't call it that way, but it still is. For example, Greece is already defaulting on its comrpomises, but if those comrpomises were made to retirees or civil servants, it's not called default. Now they will partially default to its lenders, since unfortunately they approved the useless plan. But it will be called "voluntary exchange instead". It can also just say "hell, no, we won't pay", and in that case they'd probably call it default openly.
I can see why some EU governments were asking Greece to approve this plan. I can even see a way in which it is trully beneficial for the EU as a whole (or EU except Greece :P), hence their insistence. I have more trouble understanding why the IMF backed it, unless it is mainly controlled by the same EU countries and acting to protect their itnerests, rrather than advicing Greece. And I really know it's a complete mistake from the Greek point of view, they'll only lose with this.
You don't go with that plan to the European Comission. You just do it. That's the point.
And if you do it, you no longer need loans to begin with, since you only needed them to pay back loans.
It's called "default", and there's several ways to do it. Sometimes people don't call it that way, but it still is. For example, Greece is already defaulting on its comrpomises, but if those comrpomises were made to retirees or civil servants, it's not called default. Now they will partially default to its lenders, since unfortunately they approved the useless plan. But it will be called "voluntary exchange instead". It can also just say "hell, no, we won't pay", and in that case they'd probably call it default openly.
I can see why some EU governments were asking Greece to approve this plan. I can even see a way in which it is trully beneficial for the EU as a whole (or EU except Greece :P), hence their insistence. I have more trouble understanding why the IMF backed it, unless it is mainly controlled by the same EU countries and acting to protect their itnerests, rrather than advicing Greece. And I really know it's a complete mistake from the Greek point of view, they'll only lose with this.
First of all
I didn't say that the Greek people didn't had any contribution to the mess we are dealing today
We have our share of responsibility up to a point._
Do you understand that?Good
BUT i have serious doubts whether this new loan will help
The previous one failed because it focused on raising taxes,salary cuts,allowed people on the private sector to lose their jobs because the companies found that taxing was too hard and left the country or just fired their personel,didn't reduce the public sector who is responsible for a big percentage of the debt,didn't protect whatever makes money for the country (tourism,agriculture etc) by taxiing it severely and making us uncompetitive and blah blah blah i can find you too many things that went wrong with the first loan and the second loan programm isn't fixing these either
There is no plan for development whatsoever and it should be the FIRST thing the EU should force us to do ALONG WITH budget cuts
But it's a temptation for the bankers and the oportunists to have an overdebted country that needs loans with an interest way bigger than normal and that eventually will have to sell expencive public property in a redicullusly low price to them
$$ Easy money $$
Accept it,the only thing that's gonna grow here is unemployment and debt
Your money are going into a black hole that European politicians don't want to close
Your politicians fooled you,just like ours fooled us
We are protesting against them,against their lies,not you or your people
I suggest you start doing the same against your politicians
I didn't say that the Greek people didn't had any contribution to the mess we are dealing today
We have our share of responsibility up to a point._
Do you understand that?Good
BUT i have serious doubts whether this new loan will help
The previous one failed because it focused on raising taxes,salary cuts,allowed people on the private sector to lose their jobs because the companies found that taxing was too hard and left the country or just fired their personel,didn't reduce the public sector who is responsible for a big percentage of the debt,didn't protect whatever makes money for the country (tourism,agriculture etc) by taxiing it severely and making us uncompetitive and blah blah blah i can find you too many things that went wrong with the first loan and the second loan programm isn't fixing these either
There is no plan for development whatsoever and it should be the FIRST thing the EU should force us to do ALONG WITH budget cuts
But it's a temptation for the bankers and the oportunists to have an overdebted country that needs loans with an interest way bigger than normal and that eventually will have to sell expencive public property in a redicullusly low price to them
$$ Easy money $$
Accept it,the only thing that's gonna grow here is unemployment and debt
Your money are going into a black hole that European politicians don't want to close
Your politicians fooled you,just like ours fooled us
We are protesting against them,against their lies,not you or your people
I suggest you start doing the same against your politicians
While I agree that an investment/development plan is really necessary right now (not only budget cuts etc), I think the interest rates are way bigger than normal because of the situation Greece is in.
With a higher risk of bankruptcy comes a higher interest rate. That's what Greece is experiencing right now and that's what makes things even worse.
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With a higher risk of bankruptcy comes a higher interest rate. That's what Greece is experiencing right now and that's what makes things even worse.
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It is normal their interest rates are high (for instance, currently about 17%, that's the reason why Greece needs money of IMF and EU, because they cannot pay this interest rate) as there would be no reason for an investor to invest in Greece if the interest rates are that high as they could have the same interest rate for a country with less risk on a default.
Hmm, somehow I must have missed the second part of what you read. Sorry. So yeah, it's the same:p
to all our Greek friends;
I do believe that the Greek Govenrment is doing you wrong...I am pretty sure; they are forever more LEFTWING Socialists!
they *ucked up bigtime, jus tlike you, their voters.
too bad, now it is time to see though these hard times.
I am with you guys that your wages suck..but don't be a fool to tell us that you work 122 hours a week for 25 euro.
Also the government actions to up the tax-levels is extremely stupid and countereffective, but hey, that is always what leftwing socialists do; being counterproductive and raising too high taxes.
I too think the Greece should "default", and for all EU states this should be possible to reconsider their assets...
Realy I do not believe the very low salaries. But i do think the salaries are "low" and especially since they raised taxes so much...how to kill a nation!
Look what USA did, they are in same crisis and position, but they chose to lower taxes...and to favor the people...they already are more selfsufficient,but also they are working harder and pay more taxes.....low taxes that they would like to pay ....
So Greek Friends; I am with you against stupid government....but do not cry for your sakes.
I do believe that the Greek Govenrment is doing you wrong...I am pretty sure; they are forever more LEFTWING Socialists!
they *ucked up bigtime, jus tlike you, their voters.
too bad, now it is time to see though these hard times.
I am with you guys that your wages suck..but don't be a fool to tell us that you work 122 hours a week for 25 euro.
Also the government actions to up the tax-levels is extremely stupid and countereffective, but hey, that is always what leftwing socialists do; being counterproductive and raising too high taxes.
I too think the Greece should "default", and for all EU states this should be possible to reconsider their assets...
Realy I do not believe the very low salaries. But i do think the salaries are "low" and especially since they raised taxes so much...how to kill a nation!
Look what USA did, they are in same crisis and position, but they chose to lower taxes...and to favor the people...they already are more selfsufficient,but also they are working harder and pay more taxes.....low taxes that they would like to pay ....
So Greek Friends; I am with you against stupid government....but do not cry for your sakes.
South Sudan. Opinions? Also, Mitch, your chairman photo is a disturbing carbon copy of my ex... is creepy
South Sudan; happy for those people who are now basically "free" from the islamic north of Bashir.
Ofcourse there is debated grounds and the north islamic bloodhounds already invaded this territory claiming it's theirs.
What we see in Sudan is the clear devision of christianity(hope/peace /together/building up) and islam(war/aggression/suppression/demollishing)...
Ofcourse there is debated grounds and the north islamic bloodhounds already invaded this territory claiming it's theirs.
What we see in Sudan is the clear devision of christianity(hope/peace /together/building up) and islam(war/aggression/suppression/demollishing)...
Peace like in the multiple crusades and wars 'in the name of God'?
Just reading an article, written by South-Sudanian reporter, who is speaking about great corruption of the country´s government. Future president Salva Kiir (rebel´s ex-general) is weak non-political skilled person in the hand of foreign corporations... There is only one guestion: Under who´s economical control a new country is going to be? It seems U.S. have the upper hand at the moment. Northern Sudan is under China control...
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