the Greek crisis.

Something that would never happen but did! This section is about all the wondrous things in our world - Wildlife Animals, World Medicine, Physics, Archaeology - things too numerous to list.
User avatar
grandduke
Diamond Member
Posts: 11200
Joined: 01 Sep 2008, 20:13
Location: 1770 Agnes Water Central Queensland

the Greek crisis.

Post by grandduke » 01 Jul 2015, 20:05

Echoes of the American sub prime disaster when will this kind of thing end.

https://independentaustralia.net/politi ... reece,7882
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

User avatar
Buck_naked
Emerald Member
Posts: 6193
Joined: 08 Jul 2013, 18:47
Location: potting shed

Re: the Greek crisis.

Post by Buck_naked » 01 Jul 2015, 20:29

its easy to blame greedy bankers. But no one held a gun at the head of the greeks forcing them to borrow money.
there were rules about the running of the economy that members were supposed to follow.
Greece did not follow those rules.
many say they actually cheated their way into the Euro common market.
it was a corrupt and badly run country.
the best thing a country can have is a tough brutal ruthless treasurer.
because there are a lot of greedy selfish people who see government as just a source of free stuff.

User avatar
Biggdad
Gold Member
Posts: 4064
Joined: 06 Jul 2013, 17:23
Location: Sydney West.

Re: the Greek crisis.

Post by Biggdad » 01 Jul 2015, 22:45

Isn't the finance minister an ex greek_ aussie? :eek
WHEN YOU TELL THE TRUTH, IT'S LESS YOU HAVE TO REMEMBER.Image

User avatar
lighthouse
Silver Member
Posts: 2899
Joined: 31 May 2014, 19:10

Re: the Greek crisis.

Post by lighthouse » 02 Jul 2015, 06:39

Biggdad wrote:Isn't the finance minister an ex greek_ aussie? :eek
Biggdad I do not like him, but here is some background on him as he is from Belgium......

Mathias Hubert Paul Cormann (/məˈtiːəs ˈkɔrmən/; German pronunciation: [maˈtiːas ˈkɔʁman]; born 20 September 1970 is an Australian politician of German-speaking Belgian descent. He is a Liberal Party senator for Western Australia, having been chosen by the Parliament of Western Australia on 19 June 2007 to fill the casual vacancy caused by the resignation of Senator Ian Campbell. Cormann has been the Minister for Finance since 18 September 2013.

Born in the German-speaking town of Eupen in eastern Belgium, Cormann graduated with a Bachelor of Law degree from the Katholieke Universiteit Leuven (Catholic University of Leuven). As part of his university studies Cormann participated in a one-year student exchange program at the University of East Anglia in Norwich in 1993–94, where he first learnt to speak English. At the age of 21, he became a councillor in his local area with the Christian Social Party. Following a visit to Perth in 1994, he migrated to Australia permanent.
“Although the world is full of suffering, it is full also of the overcoming of it. ”
Helen Keller

User avatar
grandduke
Diamond Member
Posts: 11200
Joined: 01 Sep 2008, 20:13
Location: 1770 Agnes Water Central Queensland

Re: the Greek crisis.

Post by grandduke » 02 Jul 2015, 07:35

Buck are you talking about Greek termites. :heeheehee
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

User avatar
Buck_naked
Emerald Member
Posts: 6193
Joined: 08 Jul 2013, 18:47
Location: potting shed

Re: the Greek crisis.

Post by Buck_naked » 02 Jul 2015, 09:09

I think big dad means the current greek finance minister with the new greek government.
Yanis Varoufakis, lived in australia for some time.

http://yanisvaroufakis.eu/2015/07/01/wh ... et-points/

User avatar
grandduke
Diamond Member
Posts: 11200
Joined: 01 Sep 2008, 20:13
Location: 1770 Agnes Water Central Queensland

Re: the Greek crisis.

Post by grandduke » 03 Jul 2015, 09:30

And there is yet more in this saga.

http://thenewdaily.com.au/news/2015/07/ ... aily%20(1)
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

User avatar
Buck_naked
Emerald Member
Posts: 6193
Joined: 08 Jul 2013, 18:47
Location: potting shed

Re: the Greek crisis.

Post by Buck_naked » 03 Jul 2015, 11:03

I still think they need to leave the euro and go back to the drachma.
the currency is a safety valve that goes up and down and makes automatic adjustments.
remember the 'pacific Peso', aka australian dollar fell to 46 cents US before paul keating was forced to act and make reforms.

User avatar
kfchugo
Bronze Member
Posts: 1533
Joined: 11 May 2015, 19:03
Location: Lake Macquarie NSW

Re: the Greek crisis.

Post by kfchugo » 03 Jul 2015, 11:30

I did see a media report by some finance journo that if Greece exits the European Union and goes back to the Drachma it will have a devastating effect on their economy. It may well go back to being virtually a "third world" country. Not all bad news though, suddenly it would become a mecca for tourists as a cheap and scenic european vacation spot.

User avatar
Biggdad
Gold Member
Posts: 4064
Joined: 06 Jul 2013, 17:23
Location: Sydney West.

Re: the Greek crisis.

Post by Biggdad » 03 Jul 2015, 22:13

Buck_naked wrote:I still think they need to leave the euro and go back to the drachma.
the currency is a safety valve that goes up and down and makes automatic adjustments.
remember the 'pacific Peso', aka australian dollar fell to 46 cents US before paul keating was forced to act and make reforms.
Good thinking GUNGADIN: then they can revalue the Drachma to the Euro: 1 Drachma = 100,000 Euro
That'll pay their debt off a bit faster>>>> :twocents-mytwocents: :thinking:
WHEN YOU TELL THE TRUTH, IT'S LESS YOU HAVE TO REMEMBER.Image

User avatar
Buck_naked
Emerald Member
Posts: 6193
Joined: 08 Jul 2013, 18:47
Location: potting shed

Re: the Greek crisis.

Post by Buck_naked » 04 Jul 2015, 03:47

Denmark is dumping cash and going fully electronic.
now that should flush some tax dodgers out of the woodwork.
Drug dealers and prostitutes for example, the entire cash economy beaten.
tax revenue should soar.
the government will have an electronic record of every transaction.

User avatar
grandduke
Diamond Member
Posts: 11200
Joined: 01 Sep 2008, 20:13
Location: 1770 Agnes Water Central Queensland

Re: the Greek crisis.

Post by grandduke » 04 Jul 2015, 09:07

Argh recession coming money under bed quick.

http://thenewdaily.com.au/money/2015/07 ... this-week/


Because there is no way these fools in government will save us like Kevin Rudd did.
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

User avatar
Buck_naked
Emerald Member
Posts: 6193
Joined: 08 Jul 2013, 18:47
Location: potting shed

Re: the Greek crisis.

Post by Buck_naked » 06 Jul 2015, 10:45

greece say no. markets down. shanghai tumbling.
buy sell or hold. what do i do ???
Gays could destroy the Abbott government.
doomed we are. doomed i tells ya. :character-oldtimer: :character-oldtimer:

User avatar
grandduke
Diamond Member
Posts: 11200
Joined: 01 Sep 2008, 20:13
Location: 1770 Agnes Water Central Queensland

Re: the Greek crisis.

Post by grandduke » 06 Jul 2015, 13:12

Argh argh argh el Gimp the prophet has spoken. :heeheehee :heeheehee
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

User avatar
Biggdad
Gold Member
Posts: 4064
Joined: 06 Jul 2013, 17:23
Location: Sydney West.

Re: the Greek crisis.

Post by Biggdad » 06 Jul 2015, 16:46

This has proved one thing: NEVER LEND A GREEK A DOLLAR! :eek :thinking:
WHEN YOU TELL THE TRUTH, IT'S LESS YOU HAVE TO REMEMBER.Image

Post Reply