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THE NEXT GREEK CRISIS IS COMING

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THE NEXT GREEK CRISIS IS COMING

Postby supporttheunderdog » Tue Apr 19, 2016 5:15 pm

A thought proving piece which once again suggests problems are not over for Greece.

But while Europeans are worrying about suicide bombers and hundreds of thousands of refugees crossing the continent, a two-pronged new crisis has been building in Greece. In early March, the Republic of Macedonia sealed its border with Greece, leaving tens of thousands of refugees trapped in Greece, which until then had mainly been a passageway for asylum seekers leaving Turkey for new lives in Northern Europe.

And here’s the other bad news no one has been talking about: The Greek economy is showing little sign of improvement. In June and July, the country faces more than 10 billion euros ($11.3 billion) of debt repayments, money it will not have unless Prime Minister Alexis Tsipras can negotiate with creditors to access more money from its third bailout package.


See http://europe.newsweek.com/greece-greek-economy-refugee-crisis-debt-449410

It also shows the common humanity of many Greek towards the refugees, which is to be applauded.

In the early evening of February 22, Lefteris Ioannidis, Kozani’s mayor, was at home with his family when he received a phone call from the police. They told him that five buses, carrying 380 mostly Syrian refugees—half of them children—had been diverted to a gas station 20 miles from Kozani.

Ioannidis, 39, who is tall with graying hair and glasses, was unruffled. He quickly decided to house the refugees overnight in an unused sports stadium on the edge of town, and his office put out a statement on social media asking citizens for their help. Within a few hours of their arrival, people had arrived to lay down mats in the gym and clean the bathrooms; they brought food, water, baby food, clothes and shoes for the refugees. Initially, the mayor expected them to stay only one or two nights. Nearly two months later, more than 2,000 refugees have been sheltered in Kozani before moving on, either to Idomeni or to government-run centers in the region.


Lets all hope the Crises can be resolved in the best way possible: it is tragic that for example Turkey, not Greece has got so much investment from EU companies to build cars etc, for sale to Europe.
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Re: THE NEXT GREEK CRISIS IS COMING

Postby B25 » Tue Apr 19, 2016 7:28 pm

I think Greece's debt crisis will be solved when Greece tells them all to go fuck themselves and they ain't getting a penny back.

Of the 225 Billion recently loan, 220 billion went back to German, French and some to Italian banks. This is daylight robbery of the Country's national asset. The only loaned them money to get it back and saddle an already failing country with more debt. F loan sharks. Its time Greece sold some of its military hardware to terrorist and see how they f like it.
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Re: THE NEXT GREEK CRISIS IS COMING

Postby RichardB » Tue Apr 19, 2016 7:45 pm

B25 wrote:I think Greece's debt crisis will be solved when Greece tells them all to go fuck themselves and they ain't getting a penny back.

Of the 225 Billion recently loan, 220 billion went back to German, French and some to Italian banks. This is daylight robbery of the Country's national asset. The only loaned them money to get it back and saddle an already failing country with more debt. F loan sharks. Its time Greece sold some of its military hardware to terrorist and see how they f like it.


What B25 says

Or

The creditors finally realise that this debt is unrepayable and either wipe off the debt or reduce it to a payable amount ie 1cent in the euro.

What they are asking from the Greek people is an absolute disgrace, this is millions of ordinary people's lives they are making a misery.

No government in the world could manage with this situation
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Re: THE NEXT GREEK CRISIS IS COMING

Postby GreekIslandGirl » Tue Apr 19, 2016 9:13 pm

supporttheunderdog wrote:
In the early evening of February 22,



You seem to be stuck in February with all your 'evaluations' you muck-spreading, scaremongering piece of poo....
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Re: THE NEXT GREEK CRISIS IS COMING

Postby supporttheunderdog » Tue Apr 19, 2016 10:01 pm

GreekIslandGirl wrote:
supporttheunderdog wrote:
In the early evening of February 22,



You seem to be stuck in February with all your 'evaluations' you muck-spreading, scaremongering piece of poo....


Obviously you have not read what happened on 22nd Feb which was not an evaluation , nor indeed is this item, it is newspaper report, no more no less, ...and as for the perceived insult?

I really had to laugh because this was just the sort of reaction I expected, which I think reflects less well on you, than the insult damages me... I have read some of the correspondence between Sir Thomas Moore and Martin Luther, and compared to those two you do not even manage reach as high as the level of pathetic when it come to insults.

Anyway if you do not like the tone of the article, address the issues it raises rather than trying (and failing) at being abusive towards me becuase calling me a muckspreading scaremongering piece of poo (ooh how refined) does not do that. FFS Call me a useless piece of shit and have done with it! It make you feel better but it won't change the underlying facts. Oh I forgot, you do not understand facts , or at least the difference between your fantasy view of Greece and the reality, and are incapable of addressing issues in a substantive and rational way, because when it comes to Greece or rather anything which attacks your rosy tinted blinkered view of Greece ,you are anything but rational.
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Re: THE NEXT GREEK CRISIS IS COMING

Postby GreekIslandGirl » Tue Apr 19, 2016 10:11 pm

Proving once again that all your 'evaluations' are based on outdated sources that others ignore.

Yannis Dragasakis: Course of Public Finances in 2016 Will be Better than Expected

By Evgenia Choros - Apr 19, 2016

Government Vice President Yiannis Dragasakis estimated that the course of the public finances in 2016 will be better than expected, at an interview to “Kokkino 105.5” radio on Tuesday.

Asked on the course of the negotiations with the institutions and the possibility of an additional package of measures, Dragasakis said that it is questionable whether it will be requested and that this will be proved by the primary surplus figures that Eurostat will release on Thursday.

He noted that additional measures are foreseen in the agreement if the planned targets are not met.

Dragasakis clarified that the government aims for the review of the Greek program to be completed as soon as possible with the existing package of measures and afterwards the discussion on the debt to open in order after its conclusion to examine if any additional measures are necessary.

Moreover, he noted IMF‘s wrong estimations in the past regarding the course of the Greek economy as well as the differences between the institutions.

He referred to Germany’s wish IMF to remain in the Greek program as well as its opposition over the opening of a discussion on the Greek debt. “A problem in their relations can’t become our problem” he said.

- See more at: http://greece.greekreporter.com/2016/04 ... eANM1.dpuf
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Re: THE NEXT GREEK CRISIS IS COMING

Postby supporttheunderdog » Wed Apr 20, 2016 11:24 am

Yes I am personally pleased to see that at least Government finances are on the mend, albeit that the Greek Government was compelled to accept austerity measures, and I hope they can maintain the momentum despite protests against the necessary reforms. If even some of the alleged missing taxes (Eu 60 Billion in 2011) can be collected that would go a long way to helping a lot more.

Indeed I understand from other press reports the Greek government is likeley to have a budget surplus for the first few months.


http://www.tornosnews.gr/en/greek-news/economy/15602-greek-budget-primary-surplus-jumps-to-2-679-billion-euros-in-q1-2016.html

Greek budget primary surplus amounted to 2.679 billion euros in the first quarter of 2016, up from a surplus of 1.732 billion in the same period last year and sharply up compared with a budget target for a primary surplus of 1.095 billion euros.The Finance ministry, in a report on budget execution –on an amended cash base- said the state budget showed a surplus of 222 million euros in the January-March period, from a deficit of 503 million euros last year and a budget target for a deficit of 1.335 billion euros.State budget net revenue amounted to 12.503 billion euros in the three-month period, down 0.6 pct from targets, while regular budget net revenue totaled 10.949 billion euros, up 3.6 pct from targets.Tax returns totaled 762 million euros in the January-March period, down from a budget target of 773 million euros. Public Investment Programme revenue was 1.554 billion euros, down 446 million from targets.State budget spending was 12.282 billion euros in the first three months of the year, down 1.626 billion from targets, while regular budget spending totaled 11.702 billion euros, down 1.546 billion from targets. Regular budget spending was down 278 million euros from the same period last year. Public Investment Programme spending was 580 million euros, down 80 million from targets.In March, state budget net revenue was 2.881 billion euros, down 1.030 billion from targets, while regular budget revenue was 2.849 billion, up 58 million from targets. Tax return totaled 218 million euros, up 34 million from monthly targets. Spending was 3.980 billion euros, down 651 million from monthly targets, while regular budget spending was 3.760 billion euros, down 586 million from targets. Public Investment Programme spending was 220 million euros in March, down 65 million from monthly targets.


I know that the IMF etc are looking for sustained surplus at 3.5%: I will not argue with anybody who thinks that the sustainable target should be less, provided enough surplus is made to at least deal with state loan interest.

What must however be of concern is the Economic base it is built upon since Government spending does not normally create wealth but distributes it, wealth being created by making goods and selling services, with rake-off by way of tax for the government spending, and where the cure for Chronic unemployment must involve inward investment in EG manufacturing for cutting down on imports and for export, as well as services like Tourism, though the valuable contribution for tourism is sadly mostly seasonal.

See eg http://www.tradingeconomics.com/greece/current-account

It really is a pity that for example car making went to Turkey and was not retained in the EU e.g. Greece.
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Re: THE NEXT GREEK CRISIS IS COMING

Postby GreekIslandGirl » Wed Apr 20, 2016 10:11 pm

supporttheunderdog wrote:A thought proving piece ....


No. Try again. Nothing you've posted proves you have 'a thought'.
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Re: THE NEXT GREEK CRISIS IS COMING

Postby GreekIslandGirl » Wed Apr 20, 2016 10:14 pm

supporttheunderdog wrote:It really is a pity that for example car making went to Turkey and was not retained in the EU e.g. Greece.


and

supporttheunderdog wrote:it is tragic that for example Turkey, not Greece has got so much investment from EU companies to build cars etc, for sale to Europe.


Repeating what erolz told you to post does not make it any more sensible.

BMW, Mercedes, Volvo, Audi are all crying because it was not "retained in the EU". :roll: Idiot!

Let's all pray that Turkish "cars" don't catch fire as frequently as Turkish fridges and ovens and ..... :lol:
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Re: THE NEXT GREEK CRISIS IS COMING

Postby supporttheunderdog » Thu Apr 21, 2016 8:32 am

Erolz does not tell me what to write. That is a typical invention of yours to make the world fit your image.
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