The Best Cyprus Community

Skip to content


greek mess

How can we solve it? (keep it civilized)

Re: greek mess

Postby Hermes » Wed Jul 25, 2012 7:31 pm

supporttheunderdog wrote:the latest news is that according to some reports Greece is likely to run out of money in about a month (20th August according to UK estimates) and a Euro exit is increasingly on the cards.

http://www.telegraph.co.uk/finance/fina ... st-20.html
http://www.guardian.co.uk/business/2012 ... s-heighten


Well the EU and the Germans had better cough up or they'll be having to bail out Spain next. Remember Spain?
User avatar
Hermes
Regular Contributor
Regular Contributor
 
Posts: 2837
Joined: Thu Apr 30, 2009 1:55 pm
Location: Mount Olympus

Re: greek mess

Postby supporttheunderdog » Wed Jul 25, 2012 7:48 pm

I have not forgotton Spain or Italy but there is Eurozone mess thread for them.
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8201
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: greek mess

Postby Hermes » Wed Jul 25, 2012 9:38 pm

supporttheunderdog wrote:I have not forgotton Spain or Italy but there is Eurozone mess thread for them.

Greece is in the eurozone in case you hadn't noticed. There is only one mess. A Eurozone mess. It is incorrect to focus on Greece when similar problems exist in more than half the eurozone. This is not a simple matter of profligate spending by southern governments (as the Germans would have it). There is something rotten in the foundations of Europe; something that shows up first in places like Greece, Portugal and Ireland.
User avatar
Hermes
Regular Contributor
Regular Contributor
 
Posts: 2837
Joined: Thu Apr 30, 2009 1:55 pm
Location: Mount Olympus

Re: greek mess

Postby Viewpoint » Wed Jul 25, 2012 10:07 pm

Hermes wrote:
supporttheunderdog wrote:I have not forgotton Spain or Italy but there is Eurozone mess thread for them.

Greece is in the eurozone in case you hadn't noticed. There is only one mess. A Eurozone mess. It is incorrect to focus on Greece when similar problems exist in more than half the eurozone. This is not a simple matter of profligate spending by southern governments (as the Germans would have it). There is something rotten in the foundations of Europe; something that shows up first in places like Greece, Portugal and Ireland.



They cooked the books and are now in the shit...what was it you stupidos were saying that Greece has a great and thriving economy duhhhhh wrong.
User avatar
Viewpoint
Leading Contributor
Leading Contributor
 
Posts: 25211
Joined: Sun Feb 20, 2005 2:48 pm
Location: Nicosia/Lefkosa

Re: greek mess

Postby Hermes » Wed Jul 25, 2012 10:25 pm

Viewpoint wrote:They cooked the books and are now in the shit...what was it you stupidos were saying that Greece has a great and thriving economy duhhhhh wrong.


Doh! VP strikes again with his mastery of modern economics! Please explain to us your theory on the systemic nature of this crisis, VP.

Do you think there are common factors at play? Or is it just a coincidence that Portugal, Ireland, Spain, Greece and Italy are all caught AT THE SAME TIME in a spiral of debt, deflation and negative investment?
User avatar
Hermes
Regular Contributor
Regular Contributor
 
Posts: 2837
Joined: Thu Apr 30, 2009 1:55 pm
Location: Mount Olympus

Re: greek mess

Postby Viewpoint » Wed Jul 25, 2012 11:14 pm

Hermes wrote:
Viewpoint wrote:They cooked the books and are now in the shit...what was it you stupidos were saying that Greece has a great and thriving economy duhhhhh wrong.


Doh! VP strikes again with his mastery of modern economics! Please explain to us your theory on the systemic nature of this crisis, VP.

Do you think there are common factors at play? Or is it just a coincidence that Portugal, Ireland, Spain, Greece and Italy are all caught AT THE SAME TIME in a spiral of debt, deflation and negative investment?


The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.
User avatar
Viewpoint
Leading Contributor
Leading Contributor
 
Posts: 25211
Joined: Sun Feb 20, 2005 2:48 pm
Location: Nicosia/Lefkosa

Re: greek mess

Postby Hermes » Thu Jul 26, 2012 2:17 am

Viewpoint wrote:
The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.


Doh! VP strikes again!

Sorry but Greece’s deficit when it joined the European Monetary Union in 1999 MET the 3 percent target:

http://www.ekathimerini.com/4dcgi/_w_ar ... 011_416649

And Greece's use of EU structural funds over 30 years was a modest 78 billion which went mainly on much-needed infrastructure projects. As well as as the construction of Athens Airport and the city’s metro system.

So don't let the facts get in the way of posting your usual bullshit, VP. It's never stopped you before. Why break the habit of a lifetime?
User avatar
Hermes
Regular Contributor
Regular Contributor
 
Posts: 2837
Joined: Thu Apr 30, 2009 1:55 pm
Location: Mount Olympus

Re: greek mess

Postby dinos » Thu Jul 26, 2012 3:05 am

Hermes wrote:
Viewpoint wrote:
The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.


Doh! VP strikes again!

Sorry but Greece’s deficit when it joined the European Monetary Union in 1999 MET the 3 percent target:

http://www.ekathimerini.com/4dcgi/_w_ar ... 011_416649

And Greece's use of EU structural funds over 30 years was a modest 78 billion which went mainly on much-needed infrastructure projects. As well as as the construction of Athens Airport and the city’s metro system.

So don't let the facts get in the way of posting your usual bullshit, VP. It's never stopped you before. Why break the habit of a lifetime?


Well, VP was right; let's not take that away from him. A broken clock is consistently right twice a day though; I think it really ends there.
User avatar
dinos
Contributor
Contributor
 
Posts: 848
Joined: Tue Aug 08, 2006 8:28 pm
Location: New York

Re: greek mess

Postby Viewpoint » Thu Jul 26, 2012 7:26 am

Hermes wrote:
Viewpoint wrote:
The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.


Doh! VP strikes again!

Sorry but Greece’s deficit when it joined the European Monetary Union in 1999 MET the 3 percent target:

http://www.ekathimerini.com/4dcgi/_w_ar ... 011_416649

And Greece's use of EU structural funds over 30 years was a modest 78 billion which went mainly on much-needed infrastructure projects. As well as as the construction of Athens Airport and the city’s metro system.

So don't let the facts get in the way of posting your usual bullshit, VP. It's never stopped you before. Why break the habit of a lifetime?


Tell that to the Germans....I dont think people will take you seriously Greece is bankrucpt and soon you will be as well...I predeicted this many moons ago plus the few honest GCs are also saying the same.

Read and weep, the title tells you everything... http://biz.thestar.com.my/news/story.as ... c=business
User avatar
Viewpoint
Leading Contributor
Leading Contributor
 
Posts: 25211
Joined: Sun Feb 20, 2005 2:48 pm
Location: Nicosia/Lefkosa

Re: greek mess

Postby kimon07 » Thu Jul 26, 2012 8:55 am

dinos wrote:Well, VP was right; let's not take that away from him. A broken clock is consistently right twice a day though; I think it really ends there.


How very accurate a description of VP and his likes. They keep coming back with exactly the same trash every couple of months or so. An d they give us the chance to ridicule them over and over again. Boring.
kimon07
Main Contributor
Main Contributor
 
Posts: 3386
Joined: Sun Oct 16, 2011 9:22 am

PreviousNext

Return to Cyprus Problem

Who is online

Users browsing this forum: No registered users and 0 guests