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energyman76b
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Joined: 26 Mar 2003
Posts: 2009
Location: Germany
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 Posted: Tue Feb 07, 2012 5:57 am Post subject: |
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| The Earth wrote: | .... psst. Your currency is tied to Greece.
We'll just keep this between us though. |
so what? if Greece flunders, what happens? Really?
Nothing at all. Oh, there will be some panic here and there and the media will love it. but deep down? The banks have already prepared for the worst and while the debt sounds huge in % it is not that big in total numbers. 300 billions debt and Eurozone had no problem to give them 110 billions. So... the whole thing is completely blown out of proportion.
To put it into perspective:
Greece some 300 billions in debt
Deutsche Bank (a not very big bank) 1850 billions balance sheet total.
Greece only has two problems:
fucked up fiscal system unable to collect taxes
fucked up pension system where even daughters of officials get life long pensions.
a bankrupcy would be a clean start. If some of the incompetent unions get swept away, that entitlement mentally drowned in the sea, that wouldn't be bad at all
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| AidanJT wrote: |
...because pro-lifers (especially the catholic variety) are sick, depraved, satanic ....
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...'people' - had to clean it up to not be offensive...
"The secret of politics? Make a good treaty with Russia." |
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Muso
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Joined: 22 Oct 2002
Posts: 654
Location: The Holy city of Honolulu
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| Posted: Tue Feb 07, 2012 6:37 am Post subject: |
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Oh, sorry. Did I just say Greece? I should have said Portugal, Spain, Ireland, Italy and Greece. Along with the other group of nine.
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| ichbinsisyphos wrote: | | You know, personally I've never been the greatest fan of Negroes |
The Philosophy of Liberty |
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energyman76b
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Joined: 26 Mar 2003
Posts: 2009
Location: Germany
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| Posted: Tue Feb 07, 2012 7:41 am Post subject: |
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| The Earth wrote: | | Oh, sorry. Did I just say Greece? I should have said Portugal, Spain, Ireland, Italy and Greece. Along with the other group of nine. |
and are Spain, Portugal, Ireland, Italy doing so badly if you stop reading bullshit and start looking at the real numbers? Especially compared to USA, UK, Japan or China?
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| AidanJT wrote: |
...because pro-lifers (especially the catholic variety) are sick, depraved, satanic ....
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...'people' - had to clean it up to not be offensive...
"The secret of politics? Make a good treaty with Russia." |
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juniper
l33t
Joined: 22 Oct 2004
Posts: 745
Location: EU
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| Posted: Tue Feb 07, 2012 10:18 am Post subject: |
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| energyman76b wrote: | | The Earth wrote: | | Oh, sorry. Did I just say Greece? I should have said Portugal, Spain, Ireland, Italy and Greece. Along with the other group of nine. |
and are Spain, Portugal, Ireland, Italy doing so badly if you stop reading bullshit and start looking at the real numbers? Especially compared to USA, UK, Japan or China? |
italy high debt and poor growth prospects. others are ok. |
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erm67
Tux's lil' helper
Joined: 01 Nov 2005
Posts: 130
Location: somewhere in Berlusconia.
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| Posted: Tue Feb 07, 2012 10:30 am Post subject: |
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| juniper wrote: | | energyman76b wrote: | | The Earth wrote: | | Oh, sorry. Did I just say Greece? I should have said Portugal, Spain, Ireland, Italy and Greece. Along with the other group of nine. |
and are Spain, Portugal, Ireland, Italy doing so badly if you stop reading bullshit and start looking at the real numbers? Especially compared to USA, UK, Japan or China? |
italy high debt and poor growth prospects. others are ok. |
Actually Italian debt went down from 122% of GDP to 119% in the last quarter and is still sinking while Spains rised to 66% from 58% one year ago and is still raising, Portugal raised to 110% from 106% in the last quarter, I think also Ireland is slowly recovering.
Growth is still been worked on 
The best option probably is let Greece default ....
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Truck!!
A posse ad esse non valet consequentia
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BoneKracker
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Joined: 14 Mar 2006
Posts: 1271
Location: U.S.A.
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| Posted: Tue Feb 07, 2012 6:08 pm Post subject: |
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| The Earth wrote: | | mcgruff wrote: | | Earnianism is the future. One day they'll build statues of me. |
They already have. |
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Obama killed bin Laden like Nixon was the first man on the Moon. |
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sugar
Guru
Joined: 07 Aug 2004
Posts: 579
Location: Morrinsville, New Zealand
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| Posted: Wed Feb 08, 2012 5:48 am Post subject: |
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| mcgruff wrote: | | Earnianism is the future. One day they'll build statues of me. |
you soft earnianist's just spount psudo-earnianist nonsense.
They will build statues of the pioneers of hard earnianism. That's me, and what ever historical characters I invent to make it credible.
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Sensory Sugar
A call for full employment is a call for war!
New Zealand: Out gay-ing the rest of the planet since 2012. |
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mcgruff
Tux's lil' helper
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BoneKracker
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| Posted: Wed Feb 08, 2012 10:24 pm Post subject: |
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Follow the sign of The Gourd!
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