Topic: Say Goodbye to Greece... (Read 4473 times)

Quote from: PenguinFire on July 21, 2015, 03:02:50 AM

Bye bye Greece. Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck. Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans. Now the bailout effectively transferred the private bank debt to the public. That is wrong.

At least now we can talk about bail outs and hair cuts, knowing that the banking sector is saved for another day, and that the risks are again in the hands if the taxpayer while the profit goes to the bank.

What a great world, that we live in. Roll Eyes

mrhelpful

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Quote from: n2004al on July 18, 2015, 04:38:10 AM

Quote from: Bitware on July 13, 2015, 06:50:16 AM

http://www.aljazeera.com/news/2015/07/euro-leaders-reach-agreement-greece-bailout-deal-150713071039926.html

Full Text of the Agreement Between the Brussels-EU and Greece:
http://t.co/4OeNBKtyqv

The Greece is safe for now. No goodbye for the moment. No one know for how much time but for the moment, another time in their story, Greeks found a way to stay in the surface. They had their life jacket and can survive. But how much time this will last???

Safe for now, but I feel like everything is a delayed ticking bomb waiting to explode in their faces.

Its a matter how they see resolve of what needs to happen to make a "dream" growth to have other foreign countries to bring their business there.

Similar how china does it with the u.s and made their own country to have more middle class then the u.s.

jbreher

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lose: unfind ... loose: untight

Quote from: MF Doom on July 21, 2015, 08:15:03 AM

The people are only given so many options on who to vote for, and to say they should reap the consequences is not fair. Its usually a "chose the lesser of two evils" situation, and the people always lose.

While most of your comments are well taken, the last here is simply not true. At the _end_ of the winnowing process, we typically are only able to select between two candidates from the two plausible parties -- each candidate already being selected by TPTB. But if people participated early in the winnowing process, there would be a selection between two _good_ candidates from the two plausible parties.

How many candidates are competing for the Repub Prez nomination? Would Hillary's policies be the same as Warren's, the same as Sanders'?

Examples from my american-centric viewpoint, but I doubt the situation is drastically different elsewhere in the so-called 'free world'.

MF Doom

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Quote from: infofront on July 21, 2015, 07:51:40 AM

Quote from: PenguinFire on July 21, 2015, 03:02:50 AM

Bye bye Greece. Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck. Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans. Now the bailout effectively transferred the private bank debt to the public. That is wrong.

The public voted for the governments that racked up the debt. They have to reap the consequences now.

The public votes for politicians, politicians are liars. They admit they have to lie and hide certain views to remain electable, even 0bama has now publicly admitted he had to hide his views on gay marriage to remain electable.

Anyway, my point is most all politicians are out to line their pockets, not serve the interests of the people. If they were there to serve the interests of the people they would actually work on CUTTING SPENDING, reducing entitlements, promoting PEACE and not war, etc.

The people are only given so many options on who to vote for, and to say they should reap the consequences is not fair. Its usually a "chose the lesser of two evils" situation, and the people always lose.

infofront

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Quote from: PenguinFire on July 21, 2015, 03:02:50 AM

Bye bye Greece. Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck. Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans. Now the bailout effectively transferred the private bank debt to the public. That is wrong.

The public voted for the governments that racked up the debt. They have to reap the consequences now.

MF Doom

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http://www.zerohedge.com/news/2015-07-21/something-revolutionary-air-grexit-insurrection-most-probable-outcome

Interesting thought. Seems like this is a real possibility. It makes you really wonder if the leaders of the world WANT social unrest and instability. Evidence being the funding of weapons to Ukraine as well as anti-russian propaganda, race baiting in the US to fuel riots over police encounters, and now the unsustainable Greek debt being added too. The people are constantly on the losing end, adn the greeks could show the rest of the world they are fed up with govt overspending them into debt slavery.

Anyway it's funny because I said the exact same thing that this article says not too long ago, it was Einstein who said it!

Quote from: MF Doom on July 13, 2015, 10:49:00 AM

"Their third bailout in 5 years"

Who was it that said insanity is doing the same things over and over but expecting a different outcome? Well, that phrase should be emailed to all leaders around the world, becasue they practice insanity on a daily basis...

Herbert2020

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Quote from: PenguinFire on July 21, 2015, 03:02:50 AM

Bye bye Greece. Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck. Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans. Now the bailout effectively transferred the private bank debt to the public. That is wrong.

why is it always the people who have to pay for the wrongdoing of the government and the banking systems. that is just wrong.

this makes me want to invest more into bitcoin to secure my little bit of wealth away from banks. and cut anybody's hand from my own money.

MF Doom

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Quote from: PenguinFire on July 21, 2015, 03:02:50 AM

Bye bye Greece. Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

I dont think they are trying to pass the buck. Yes they should have acted years ago to stop the low retirement age and high pensions.

But, the whole reason they were "bailed out" in the first place was bad PRIVATE bank loans. Now the bailout effectively transferred the private bank debt to the public. That is wrong.

poncom

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Quote from: pedrog on July 18, 2015, 06:17:26 AM

Quote from: Miz4r on July 18, 2015, 05:30:38 AM

And this in a nutshell is what is wrong with humanity. Tongue

Individualistic, egocentric, lazy and irresponsible. I have nothing against you by the way, but in your sentence I recognize the attitude of many people. As long as they can live their own short life drinking beer, having sex and watching netflix it's all good. Who is left caring for the world we leave behind for our children? The baby boomers have left our generation with a huge burden of debt so their lives were good, now do we want to do the same to the generations to come after us? I'm truly hoping to see the current debt based economy collapse in this life. Not because I'm a pessimist and a doomer, but because the old has to die first before something new and better can be born. I also don't believe it will be the end of the world, just the end of a corrupt system that has engulfed the world and the beginning of something new. You can't have change without going through some pain first.

Not at all, I actually don't have children but people with children tend to care about the future and the world left for future generations.

I don't even think there's going to be a collapse, well, at least for the foreseeable future, like I said, eventually everything dies out, but change over time, little improvements that will add up to something new.

What I'm saying is, I'm not the kind of Orwell guy, I'm the Ghost in the Shell guy when it comes to predicting the future.

People make apocalyptic predictions for the future but in the stone age we only lived to about 40. Life spans are getting longer because things have improved. During the great depression people had a much worse time than under recent depressions. Changes were made to the system that made things better because enough people cared. If there is a big crash I think we will still be better off than people were after the Wall Street crash, and Bitcoin will still be here.

PenguinFire

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That Darn Cat

Bye bye Greece. Come back when you can even attempt to solve the crises you have; not passing the buck to the next country.

eerygarden

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Quote from: Bitware on July 21, 2015, 12:30:09 AM

The EU is not Sovereign and not even a nation, but are telling half the world what to do and everyone must pay them taxes and get their money from them, as debt...

The utter shits. Pfffft

Bitware

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The EU is not Sovereign and not even a nation, but are telling half the world what to do and everyone must pay them taxes and get their money from them, as debt...

pedrog

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Quote from: Miz4r on July 18, 2015, 05:30:38 AM

And this in a nutshell is what is wrong with humanity. Tongue

Individualistic, egocentric, lazy and irresponsible. I have nothing against you by the way, but in your sentence I recognize the attitude of many people. As long as they can live their own short life drinking beer, having sex and watching netflix it's all good. Who is left caring for the world we leave behind for our children? The baby boomers have left our generation with a huge burden of debt so their lives were good, now do we want to do the same to the generations to come after us? I'm truly hoping to see the current debt based economy collapse in this life. Not because I'm a pessimist and a doomer, but because the old has to die first before something new and better can be born. I also don't believe it will be the end of the world, just the end of a corrupt system that has engulfed the world and the beginning of something new. You can't have change without going through some pain first.

Not at all, I actually don't have children but people with children tend to care about the future and the world left for future generations.

I don't even think there's going to be a collapse, well, at least for the foreseeable future, like I said, eventually everything dies out, but change over time, little improvements that will add up to something new.

What I'm saying is, I'm not the kind of Orwell guy, I'm the Ghost in the Shell guy when it comes to predicting the future.

Miz4r

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Quote from: pedrog on July 18, 2015, 04:26:58 AM

Quote from: Ibian on July 18, 2015, 04:14:29 AM

Quote from: pedrog on July 18, 2015, 04:12:38 AM

Quote from: redhawk979 on July 18, 2015, 02:20:49 AM

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Wasn't talking about greece. Obviously they will keep holding their hand out as long as there are handouts. I'm talking about the countries that still have a somewhat functional economy. Of course, one might argue that no such country exists.

And at this point it's no longer a matter of "letting". Countries will collapse one by one, or all together in the end.

Well, eventually everything will die away, I'm just hoping it will stay up long enough for I to live my life.

And this in a nutshell is what is wrong with humanity. Tongue

Individualistic, egocentric, lazy and irresponsible. I have nothing against you by the way, but in your sentence I recognize the attitude of many people. As long as they can live their own short life drinking beer, having sex and watching netflix it's all good. Who is left caring for the world we leave behind for our children? The baby boomers have left our generation with a huge burden of debt so their lives were good, now do we want to do the same to the generations to come after us? I'm truly hoping to see the current debt based economy collapse in this life. Not because I'm a pessimist and a doomer, but because the old has to die first before something new and better can be born. I also don't believe it will be the end of the world, just the end of a corrupt system that has engulfed the world and the beginning of something new. You can't have change without going through some pain first.

n2004al

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Quote from: Bitware on July 13, 2015, 06:50:16 AM

http://www.aljazeera.com/news/2015/07/euro-leaders-reach-agreement-greece-bailout-deal-150713071039926.html

Full Text of the Agreement Between the Brussels-EU and Greece:
http://t.co/4OeNBKtyqv

The Greece is safe for now. No goodbye for the moment. No one know for how much time but for the moment, another time in their story, Greeks found a way to stay in the surface. They had their life jacket and can survive. But how much time this will last???

pedrog

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Quote from: Ibian on July 18, 2015, 04:14:29 AM

Quote from: pedrog on July 18, 2015, 04:12:38 AM

Quote from: redhawk979 on July 18, 2015, 02:20:49 AM

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Wasn't talking about greece. Obviously they will keep holding their hand out as long as there are handouts. I'm talking about the countries that still have a somewhat functional economy. Of course, one might argue that no such country exists.

And at this point it's no longer a matter of "letting". Countries will collapse one by one, or all together in the end.

Well, eventually everything will die away, I'm just hoping it will stay up long enough for I to live my life.

Ibian

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Quote from: pedrog on July 18, 2015, 04:12:38 AM

Quote from: redhawk979 on July 18, 2015, 02:20:49 AM

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Wasn't talking about greece. Obviously they will keep holding their hand out as long as there are handouts. I'm talking about the countries that still have a somewhat functional economy. Of course, one might argue that no such country exists.

And at this point it's no longer a matter of "letting". Countries will collapse one by one, or all together in the end.

pedrog

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Quote from: redhawk979 on July 18, 2015, 02:20:49 AM

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

They will never implement "radical reforms", people are used to a certain way of like, and there's no going back, being in a union also means being helped when there is trouble, I don't think Greece will collapse and have another fascist regime.

EU is the strongest or at least the biggest economy in the world, the guys in Brussels aren't going to let one of its members collapse...

Ibian

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Quote from: redhawk979 on July 18, 2015, 02:20:49 AM

Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Yes, and they should pay the price on their own. But that's not how it works. Financial problems in one country are shared by all member states. It's socialism on an international level.

The ONLY way for a given country to survive in the long term is to leave and make some radical reforms that the EU would never permit. Just a question of who will wise up first.

redhawk979

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Why is the EU the bad guy here? Its well documented that Greece cooked their books in order to join the EU, the whole thing is their fault in the first place.

Pab

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Eurozone is like USSR,whan you are in you cant go away,there is not procedure for that

Now will be few weeks of negotiations about bailout,Tsipras told in Greece parlament that he has promise of debt reduction,but Geramany is against that if if IMF and Mario Draghi arecalling for that

Link below,maybe funny and impossible,but for EU really the best.Gerxt Germany away Euro

http://www.bloombergview.com/articles/2015-07-17/germany-not-greece-should-exit-the-euro

hector3115

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Greece leaving the euro is inevitable. The latest move is simply more can kicking.

http://www.politico.com/agenda/story/2015/07/greece-death-spiral-ahead-000152

Torque

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Shiver

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There are enough troubles with "intra-nation" differences. EU being "inter-nation" it's just silly bolting them all to the same policies. I said this before the EUR currency was launched. Eg. If UK is primarily a Services industry and say, Germany is primarily a Manufacturing industry, they both need to be able to adjust things themselves to suit that environment. Saying one size fits all is just doomed to failure. Honestly I'm surprised it lasted this long.

BTC over the last 5 years has beaten FIAT inflation (taking a longer time frame to ignore the bubbles). Can't say that for any currency since they are the inflation itself.

Over simplistic I know, but you get the drift.

oblivi

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Quote from: bitcoin carpenter on July 14, 2015, 04:51:57 PM

There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

How can you call any Euro nation Sovereign when they get their orders from and pay taxed to the EU in Brussels?

Correct. In my country there are thousands of new laws made every year, and only half of them by us. And what we are allowed to decide for ourselves, in our own country, falls within the limits of whatever the EU says. We have no sovereignty. I suspect it is the same in all member countries.

And the "funny" part is, most if not all of the crucial economic laws are always coming from somewhere else that isn't your actual country. There's always a bigger hand dealing those. In your country you may decide trivial things, but the that fundamentals that decide the fate of a country, those decisions are taking elsewhere. Thats why im never been motivated to vote to a political party. What's the point? so we can choose gay marriage rights or how to paint the walls on your town hall? what a waste of time.

pedrog

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Quote from: Ibian on July 14, 2015, 05:31:21 PM

Quote from: eerygarden on July 14, 2015, 04:56:42 AM

Quote from: HarHarHar9965 on July 14, 2015, 03:36:22 AM

The more countries collapse, the more people understand the reason behind it. FIAT CURRENCY. The more people understand it, the more people find out ways to find an alternative. We already have an alternative. A decentralized crypto coin called BITCOIN. All they need is to understand bitcoin and use it according to their own terms. Once they adopt it, they'd possibly be a part of the happy ending, if there is any ending.

I guess time will tell. With Cyprus its population was 1 million people, with Greece it has 10 million people. Who's next? Portugal? Thats another 10 million.

Portugal already was, we have harsh austerity measures for the last 3 years or so.

Be the way, current economic problems in EU countries have nothing to do with currency, it's about corruption and incompetence in the management of funds, and poor economic policies, Euro is a pretty strong currency.

What sort of measures? Would be nice to know what to prepare for when this shit eventually comes my way.

I'm a bit bias the way I put this.

Destruction of public services like education and health care by restructuring them to save money, less scholarships for university students, like a LOT less, increase in university fees, and health care fees.

Increase in taxes, all of them, new taxes, 'confiscation' of the 14º month salary for 3 years I believe.

Social security takes a big hit, pensioners with already very low pensions see them frozen or even lowered.

Consequences of this policy, a lot of people emigrated, like a lot, specially young and with high education people, and this is starting to be a problem, because less working people, less taxes, now they're starting to talk about this and something is being done to attract this people back.

I still do not thing this is the best way to go, I did not agree with this, I didn't even voted for the people who decide this, but, at least in my end, life continues as it always was, if I didn't watch a bit of television, or read news online, I probably couldn't tell there was a 'crisis'...

Amph

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Quote from: bitcoin carpenter on July 14, 2015, 04:51:57 PM

There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

How can you call any Euro nation Sovereign when they get their orders from and pay taxed to the EU in Brussels?

Correct. In my country there are thousands of new laws made every year, and only half of them by us. And what we are allowed to decide for ourselves, in our own country, falls within the limits of whatever the EU says. We have no sovereignty. I suspect it is the same in all member countries.

same shit, in our country they come up each month with a new bullshit tax(especially theso for holding more than one house ecc..), just to milk more money, or to delay the retirement money, for those that are waiting, the current situation is awful

what you expect from centralized countries in a centralized big system? 100% bad things

bitcoin carpenter

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Quote from: bitcoin carpenter on July 14, 2015, 04:51:57 PM

There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

How can you call any Euro nation Sovereign when they get their orders from and pay taxed to the EU in Brussels?

Correct. In my country there are thousands of new laws made every year, and only half of them by us. And what we are allowed to decide for ourselves, in our own country, falls within the limits of whatever the EU says. We have no sovereignty. I suspect it is the same in all member countries.

That was kind of the point I was trying to make... the Euro is not working in countries like greece because of the nationalistic attitude of the parties involved.... in one single country you can have greater give and take between states because it is one nation.....
Competition between the nation's of Europe won't allow for this kind of social contract past what is good for the main contributes.

Pab

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Quote from: bitcoin carpenter on July 14, 2015, 04:51:57 PM

There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

How can you call any Euro nation Sovereign when they get their orders from and pay taxed to the EU in Brussels?

Correct. In my country there are thousands of new laws made every year, and only half of them by us. And what we are allowed to decide for ourselves, in our own country, falls within the limits of whatever the EU says. We have no sovereignty. I suspect it is the same in all member countries.

Agree,i am from EU country what is not in EuroZone,amount of EU legislation ,rules is incredible and very much idiotic,Euro is political project for Europe federalisation,Federalisation under Germany or any other
federalisation will not works,to much diffrences between countries and nations

About Greece,by my opinion behind all that is that crazy huge derrivative market,virtual pyramid

Ibian

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Quote from: bitcoin carpenter on July 14, 2015, 04:51:57 PM

There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

How can you call any Euro nation Sovereign when they get their orders from and pay taxed to the EU in Brussels?

Correct. In my country there are thousands of new laws made every year, and only half of them by us. And what we are allowed to decide for ourselves, in our own country, falls within the limits of whatever the EU says. We have no sovereignty. I suspect it is the same in all member countries.

Bitware

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weaving spiders come not here

Quote from: bitcoin carpenter on July 14, 2015, 04:51:57 PM

There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

How can you call any Euro nation Sovereign when they get their orders from and pay taxed to the EU in Brussels?

Ibian

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Quote from: eerygarden on July 14, 2015, 04:56:42 AM

Quote from: HarHarHar9965 on July 14, 2015, 03:36:22 AM

The more countries collapse, the more people understand the reason behind it. FIAT CURRENCY. The more people understand it, the more people find out ways to find an alternative. We already have an alternative. A decentralized crypto coin called BITCOIN. All they need is to understand bitcoin and use it according to their own terms. Once they adopt it, they'd possibly be a part of the happy ending, if there is any ending.

I guess time will tell. With Cyprus its population was 1 million people, with Greece it has 10 million people. Who's next? Portugal? Thats another 10 million.

Portugal already was, we have harsh austerity measures for the last 3 years or so.

Be the way, current economic problems in EU countries have nothing to do with currency, it's about corruption and incompetence in the management of funds, and poor economic policies, Euro is a pretty strong currency.

What sort of measures? Would be nice to know what to prepare for when this shit eventually comes my way.

bitcoin carpenter

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There is a lot more connection and much less competition between states than their is between the sovereign nations of europe...

pedrog

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Quote from: eerygarden on July 14, 2015, 09:25:01 AM

Quote from: eerygarden on July 14, 2015, 04:56:42 AM

Quote from: HarHarHar9965 on July 14, 2015, 03:36:22 AM

The more countries collapse, the more people understand the reason behind it. FIAT CURRENCY. The more people understand it, the more people find out ways to find an alternative. We already have an alternative. A decentralized crypto coin called BITCOIN. All they need is to understand bitcoin and use it according to their own terms. Once they adopt it, they'd possibly be a part of the happy ending, if there is any ending.

I guess time will tell. With Cyprus its population was 1 million people, with Greece it has 10 million people. Who's next? Portugal? Thats another 10 million.

Portugal already was, we have harsh austerity measures for the last 3 years or so.

Portugal already was what? They haven't undergone capital controls recently have they?

I meant we were 'next' 3 years ago, I hope the kind of scenario that requires capital controls was already avoided.

Quote from: tabnloz on July 14, 2015, 07:50:06 AM

Quote from: eerygarden on July 14, 2015, 04:56:42 AM

Quote from: HarHarHar9965 on July 14, 2015, 03:36:22 AM

The more countries collapse, the more people understand the reason behind it. FIAT CURRENCY. The more people understand it, the more people find out ways to find an alternative. We already have an alternative. A decentralized crypto coin called BITCOIN. All they need is to understand bitcoin and use it according to their own terms. Once they adopt it, they'd possibly be a part of the happy ending, if there is any ending.

I guess time will tell. With Cyprus its population was 1 million people, with Greece it has 10 million people. Who's next? Portugal? Thats another 10 million.

Portugal already was, we have harsh austerity measures for the last 3 years or so.

Be the way, current economic problems in EU countries have nothing to do with currency, it's about corruption and incompetence in the management of funds, and poor economic policies, Euro is a pretty strong currency.

Sure economic management & corruption plays a part, as does the need for structural reforms. But, strong economies like germany have the same currency as weaker euro countries, which directly effects competitiveness. and anytime a member runs into financial trouble they cannot cheapen the currency to improve competitiveness against other countries.

That's true and a very good point, but a EU country cannot do that with its currency the same way Texas cannot do that inside the USA.

Meuh6879

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Quote from: eerygarden on July 14, 2015, 04:56:42 AM

Euro is a pretty strong currency.

strong ?

-19% in 1 year ... against the USD.

Roll Eyes

Meuh6879

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I guess time will tell. With Cyprus its population was 1 million people, with Greece it has 10 million people. Who's next? Portugal? Thats another 10 million.

Ohooo, good point. Cool

Pab

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Agreement was for further bailout negotiations,it will passGreece parlament propably with oposition support

Now IMF report has been revailed that Greece debt with next bailout will rise over 200% his GDP
Without debt reduction it will be not possible to pay and Greece will enter in agony
Eurogroup knew about that report,thay were not agree for debt reductions
Now IMF will not give even penny without Greece debt reduction

It is nothing over,becouse Greece needs now about 20bln Euro in bridge loans to pay his debt now,to IMF and

EBC,today there was all day talk where to find that funds,result was fiasco,Eurogroup has even idea to ask for that all 28 EU nations,there is strong resictence for that

Generally plan is simple,Robber Greece,from that Greece 50 bln property funds,land let Greece die

But European citzensarewatching that and not all off them is blind

So what next,word Eurogeddon can be most popular hashtalk on twitter

eerygarden

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Quote from: eerygarden on July 14, 2015, 04:56:42 AM

Quote from: HarHarHar9965 on July 14, 2015, 03:36:22 AM

The more countries collapse, the more people understand the reason behind it. FIAT CURRENCY. The more people understand it, the more people find out ways to find an alternative. We already have an alternative. A decentralized crypto coin called BITCOIN. All they need is to understand bitcoin and use it according to their own terms. Once they adopt it, they'd possibly be a part of the happy ending, if there is any ending.

I guess time will tell. With Cyprus its population was 1 million people, with Greece it has 10 million people. Who's next? Portugal? Thats another 10 million.

Portugal already was, we have harsh austerity measures for the last 3 years or so.

Portugal already was what? They haven't undergone capital controls recently have they?

tabnloz

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