REAL WORLD EVENT DISCUSSIONS

Re: Greece

POSTED BY: NIKI2
UPDATED: Tuesday, June 21, 2011 18:26
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Tuesday, June 21, 2011 7:06 AM

NIKI2

Gettin' old, but still a hippie at heart...


I have a Greek friend of long standing on the website I run. Recently he popped in with the following (his English isn't too good, but you can make it out):
Quote:

nation close to total bankruptcy and every family close to depression,greece will one day starve hard,thats for sure,u have no money and if u try to work u dont find a job,if u find one they pay low and the prices always rising,if u try to get a loan thats like winning the lottary,they dont approve,greece totally "reversed" from the days banks were calling u at home to give u loan to the nowadays the have no cash to give to nobody.....
I mentioned that most of that is true here, too, tho' certainly not to the same extent, and he replied:
Quote:

yes they sell everything,one treason after another,actually educated greeks demands to claim the debt as "disliked" and illegal in some way,they offer money ofcourse but to ensure their interrests,most of foreighn analysts are certain that this so huge debt is never possible to be paid....and greeks are not used to heavy poverty,except the very elders,so its gonna be a shock....i try to hang,not actually good, but theres nothing i can do,just accepting it,no money,no friends,no joy,i know there are many worse situations than mine,i still hope......
I feel bad for him, and all the others stuck in these awful times. Greece's problems, aside from affecting the Greeks, may have wider consequences:
Quote:

Greek lawmakers began a critical debate Tuesday on whether to back Prime Minister George Papandreou as he tries to push through unpopular budget cuts to get a new international bailout.

Papandreou named new ministers Friday after weeks of protests. His party clings to a wafer-thin majority in Parliament.

On Sunday, international lenders held out the hope of a second bailout but demanded that Greece stick with tough austerity measures and raise billions of euros by selling off state assets.

Airports, highways and state-owned companies as well as banks, real estate and gaming licenses will all go on the auction block.

Greece has to raise 50 billion euros ($71 billion) through privatization by 2015, Eurogroup members said. It also has to push through tough budget-cutting measures, they said, despite widespread protests that forced the government reshuffle last week.

The Greek debt crisis has raised fears for the euro. A default on its debts by Greece, or other struggling nations such as Portugal or Ireland, could adversely affect the world economy.

http://www.cnn.com/2011/BUSINESS/06/21/greece.debt.crisis/index.html?h
pt=hp_t2


Hard times everywhere, but at least we're not as bad off as Greece...yet anyway.

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Tuesday, June 21, 2011 7:13 AM

DREAMTROVE


That's what happens when you let someone else control your currency.

Of course the EU put the stooge govt. in to spend. Ireland too. Britain tried to pull a fast one on Iceland, but much harder when locals control the currency.

That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.

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Tuesday, June 21, 2011 6:26 PM

RIONAEIRE

Beir bua agus beannacht


I feel bad for the everyman in Greece because all this EU stuff isn't his/her fault and they have to suffer the consequences.

"A completely coherant River means writers don't deliver" KatTaya

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