Topic: Greece Cannot Pay, Greece Will Not Pay - page 2. (Read 8229 times)

You know all this greece, talk is there a website countdown with the live feed of trail showing how much they owe.

And what something that shows a metric of how many years it would take lol. Also if the website had like a countdown of how many days left before greece riots 24/7.

Well, I do not know what the answers are to put Greece right.

But, systemic corruption (= worse than average Western Corruption) is, and has been for a long time, very bad there.  They manufacture very little in Greece.

And if I were a rich Greek, I would not want to pay outrageous taxes to support a worthless government soaking me for my money, doing nothing positive with it (other than, of course, enriching government employees, cronies and favored contractors).

I suspect that Greece has a long and hard road before becoming anything like prosperous.

My opinion, I have not been to Greece, nor am I an "expert" (expert opinions are worth not much more than any of ours though).

Governing should be about democracy, say economists
Letter from 17 economist to Britain and EU

Yanis Varoufakis is among signatories to a letter asking Britain and the EU to sign up to a nine-point UN code putting democratic rights – and not the market – at the heart of international governance

http://www.theguardian.com/politics/2015/sep/08/governing-should-be-about-democracy-say-economists
What will be effect of that letter what you think

Well Greece can only pay if the interest rates on the loan are lowered and the debt is totally restructured and shaved off enough in order for the GDP of Greece to rise and produce more surplus in order for it to be paid off, Otherwise at present the debt cannot be sustained in it's present force with one million servants being a burden on the national budget and one out of tow youngsters being unemployed and the rich keep evading their taxes and not investing in their country.

 I can tell you that 1.5 mln imigrants is from past 10 years.Initaly there is planty of Senegali people,but i ve been in Italy first time  in 1992and there was already planty of them.Now is new situation becouse people are escaping from wars.Syria,Erythrea etc.1.5 mln new citzens in 10 mln people country.
Look EU hypocrysy,there isa lot news how Germany is nowcalling for European solidarity how Germany is welcoming imigrants,sure many of them will find his new home in Germany,but Germany is big country and wealthy.There is in fact big demographic crisis in Europe and those  imigrants can help solve that crisis.Now Greece has open his border and imigrantsare moving from Greece to more wealthy European countries.There isstill no common EU policy what will help to solve problem with imigration .Many  political forces are trying to get political capital on imigraton problems.Nationalism .anti islam mixed with terroristic fear
Already in Germany refugee houses for imigrants has been burn.Fortunetly Europe  still remember dark nazi time
and there is strong citzens respond  for that kind of actions
Europe and world need to find solution to stop wars,there is also climat change and disastear in Europe.There was not serious rain in Poland and south of Spain for almost all summer and temperature was extremely hot.No water in rivers,everything is burn by sun.Food,water crisis can be next big issue in all over the world

My understanding of the Brussels Agreement may be way-off here, but IIRC, then the FIRST country a migrant hits in Europe has to take them in.  Which of course is grossly unfair to Greece.  They are on the "border" of Europe, and so Greece receives more than its share of migrants.

Italy once threatened the rest of Europe (a few years ago) to just put new migrants on trains straight to Germany and France if they did not get any financial (or other real) help.  I don't know how that turned out.  Italy DOES have plenty of migrants, and LOTS of Italians do not like their Arab and African migrants.

It is only fair that ALL of Europe pick up the tab if they want Greece, Italy and Spain to host newly arriving migrants.

 So sorry for of topic,lets back to Greece and imigration problem,not so many people know that during last 10 years

about 1,5 mln imigrants from North Africa arrive dto Greece,about 150000 that year,more are coming.All of them have found his new home in Greece,Greeks didnt divide them in Islam people and Chretiene people.There was warning statment of UN to Greeks,that thay have to create refugee camps otherwise thay can experience humanitarian catastrophe.Greece answer was ok but wedont have money we have to wait for EU policy.Evrybody are blaming Greece but Greece didnt get even single penny from EU to help imigrants

You are right. the other experiences count but at the posts I am referring there is nothing that can help of can be as a experience for Greece. I will post you here some of the thoughts that are totally out of the needed experience for Greece:

1. I will certainly be interested to hear how Chinese cars are accepted into European markets.  I do understand that if *might* be easier for China to grab some low-end car sales in Greece (cheap cars), but I still would be interested to hear from ANYONE re acceptance of Chinese cars in their markets.

How can help Greece this thought to leave the crisis. There are no money for eating there and we are talking about buying Chinese cars.

2. Some time ago Chinise have bought Volvo,Swedish car maker,Great mark,wondeful cars ,very strong and very safe.

You think that Greece have money to buy Volvo or some else trademark of cars? And you think that this is the solution for the crisis of Greece?

3. But now i know Chinise will produce in Europe some hi scars.Not big problem,Korean Kia and Hyundai are in Europe from years.

I'm struggling my mind to find the connection between this thought with the crisis in Greece, Can you? And can you find how this will help the Greeks to solve their crisis?

I can find to many thoughts like those. And those are the reason of my post.

n2004al

I think it is fair to write about other countries and how they may relate to Greece or its financial conditions.  Many lessons can be learned by looking at other's experiences.

Greece may be looking at a Venezuela-style catastrophe (I don't KNOW that, but it might be).  There are other countries that share some of Greece's problems, and we can look at their actions and results.

So, yes, this thread is about Greece.  But, relatively little has happened there in the past few days that we can really analyze.  So, IMO, it is OK to look at other situations that have some similarities with Greece as well as items like Chinese cars that *might* be coming to Greece.  And don't fool yourself, Chinese cars coming to Greece is NOT something that European car makers would welcome...  What would be next?  Chinese cars into Italy and France?  Now you're talking jobs lost.

Greece is also a lesson and a warning to the rest of Europe.  Greece may be leading the way re Europe, the immigration crisis there is affecting Greece a lot (along with Hungary, etc.).

Greece and the context of how Greece fits into the larger financial system is fair game IMO on this thread.

People you are going out of everything with these posts. Here must be talk about Greece and not about China, Singapore, Korea, Sweden or Moon and Sun. It is in vain write about those nations in a thread open about the crisis in Greece. So attention and mind in what you write.

Hi my favourite thread on btctalk,there is nice to talk with you here

Some time ago Chinise have bought Volvo,Swedish car maker,Great mark,wondeful cars ,very strong and very safe

It was some shock for Swedish people,but thay said ,wewill never sell Saab,Saab is even better,famous becouse of Rally,same great mark and cars

Than Chinise bought Saab also,thay have investedsome money in both mark and voila ,You have made in sweden chinise cars,best possible,germans cant block sales of both mark,no against chinise

But now i know Chinise will produce in Europe some hi scars.Not big problem,Korean Kia and Hyundai are in Europe from years


Singapore i dont know so much,it is specific area,with many smart business people,mostly Chinse orgin.Singapore is some how window bridge to China,also thay are related to Australia

...

Pab

I will certainly be interested to hear how Chinese cars are accepted into European markets.  I do understand that if *might* be easier for China to grab some low-end car sales in Greece (cheap cars), but I still would be interested to hear from ANYONE re acceptance of Chinese cars in their markets.

Chinese cars started showing up in Peru maybe some four years ago.  Cheap but low quality.  Counting buses and trucks, there are some 80 brands in Peru alone...  Chinese car manufacturers bloodbath soon?

*   *   *

HarHarHar

My understanding is that Singapore has a huge oil refining industry and is one of the top two or three transshipment ports in the world.  They also have carved out something of a niche in secret banking, although with capital controls all over the world, I do not know how that effort is going.

China is big Greece is small,More easy to get for markets that what thay want in acase of China
German luxury cars,Germans cars sells is 7% down,why,becouse i see here very nice Chinise Volvo, V40 is really nice,chinise but made in Sweden,many diffrent kind of volvo,many dillers,many service points

And Saab,man i saw on the street luxury Saab,designe from best itlan designers,in style of a little like old time,that car was not riding,that car was flying,any mercedes and BMW has no chance to compate,Chinise Saab done in Sweden,best mark

I ve been listening in Polish radio interview with polish etno rock singer.He was invited to China by owner of major Chinise music company.He brought her by car from airport by car.That car was Volvo.

And now chinise automakers will begin sales of chinise cars,made in China

I can also add that Hindu Tatha will produce in Slovakia luxury Jaguar,legend between cars
competition,but newswill be lessgermanscarsales becouse of China crash

China will propably slowdown a little,but it is normal cycly,paranoid westerness mass media  will support economy armagedon

You're in big wrong my friend. Singapore is much more than an economy represented only in tourism. I invite you to read only a few words about the economy of Singapore taken from Wikipedia:

Singapore is a world leader in several economic areas: The country is the world's fourth leading financial centre,[123] the world's second largest casino gambling market,[124] one of the world's top three oil-refining centres, the world's largest oil-rig producer, and a major hub for ship repair services.[125][126][127] The World Bank has named Singapore as the easiest place in the world to do business,[124] and ranks Singapore the world's top logistics hub.[128] The 4th edition of the Global Green Economy Index™ (GGEI) revealed that expert practitioners ranked Singapore the 7th greenest city in the world.[129]

In April 2013, for the first time, Singapore surpassed Japan in average daily foreign-exchange trading volume with $383 billion per day. So the rank became: the United Kingdom (41%), the United States (19%), Singapore (5.7)%, Japan (5.6%) and Hong Kong (4.1%).[130]

Singapore's economy depends heavily on exports and refining imported goods, especially in manufacturing,[131] which constituted 27% of the country's GDP in 2010, and includes significant electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences sectors. In 2006, Singapore produced about 10% of the world's foundry wafer output.[132] Singapore has a diversified economy, a strategy that the government considers vital for its growth and stability despite its size.[133]

So no far comparison between Greece and Singapore.

Greece was doing pretty alright before their failure to deliver the debt amount, most of their economy was being fueled by the money made from tourism. A lot of people question how can a country survive on money based solely on tourism to which a perfect example could be Singapore, they are not in debt but rather have excess funds in their treasure box Tourism brings all that crazy amount of money, making Singapore one of the best countries to be involved in business with.

For the moment those are only words. The situation in those countries is to much different from the Greece. First of all their all have an economy which produce; so able to pay the debt. In different of the Greece who the only economy is the tourism; If the people want to go to the beach Greece have money. If not, no money.

Can anyone catch me up here...has there been any momentum of the Greeks of any type (Rich/Poor/Famous/Gov't Talk) or anything on BTC movement
since the crisis has happened or have we lost ground with the Greeks on any crypto movement of even a small amount of improvement (ie like Venezuela and BTC)

Just wondering...probably the reason I have heard nothing because there is nothing being said...but then again maybe native Greek speakers or such have
heard (hopefully) some momentum from this EU/Euro fiasco and at least folk are kicking around the idea of crypto more then before the EU shutdown stuff.

If anything I feel like they are going to be dropped out for the euro.

And then end becoming like venezula, where there is zimbawae currency and its value is next to nothing if they have no production.

You are wrong.IMF didnt join bailout yet,IMF condition was Greece debt reduction,talk about it will be in October propably with neww Greece governament

From current bailout Greece didnt get nothing.26 bln euro went to pay debt to EBC,about 13 bln went to Greece banks capitalisation and rest to pay Greece past bills

There is still capital control in Geece,deeper recession and poverty and more and more imigrants
Nothing can changed for better in people of Greece life
many Greeks business is now escaping to Bulgaria

If Greece leaves Euro; Countries like Spain, Porteguese and Ireland will follow them. That results complete destruction of (so called) "Euro Dream"