Greek Vote Today

[dbackjon]

So they are hypocrites, amirite?

Not Really. The treaty in 1990 which reunified Germany didn't include WW2 debt/reparations. So, legally, they aren't required pay anything.

Reparations wouldn't make a dent in their debt. Greece should be given the same help Germany was given. Put payments off for 15-20 yrs until they've rebounded. Restructure/renegotiate the debt.

The amount of debt that Germany had forgiven in today's dollars is basically equal to Greece's total debt.

[Ibanez]

Not Really. The treaty in 1990 which reunified Germany didn't include WW2 debt/reparations. So, legally, they aren't required pay anything.

Reparations wouldn't make a dent in their debt. Greece should be given the same help Germany was given. Put payments off for 15-20 yrs until they've rebounded. Restructure/renegotiate the debt.

The amount of debt that Germany had forgiven in today's dollars is basically equal to Greece's total debt.

That's not a good comparison. You're comparing debt and an economy of the 1930s to 2015. Greece bought many high end products from Germany and paid them with IOUs. Should those banks right off the debt? Which will cause a crisis on the balance sheets of those banks?

Also, because it was done 80+ yrs ago,doesn't mean it's a great idea to do it today.

[dbackjon]

The amount of debt that Germany had forgiven in today's dollars is basically equal to Greece's total debt.

That's not a good comparison. You're comparing debt and an economy of the 1930s to 2015. Greece bought many high end products from Germany and paid them with IOUs. Should those banks right off the debt? Which will cause a crisis on the balance sheets of those banks?

Also, because it was done 80+ yrs ago,doesn't mean it's a great idea to do it today.

Who knew Germany had WWII debt in the 1930's.

[Ibanez]

That's not a good comparison. You're comparing debt and an economy of the 1930s to 2015. Greece bought many high end products from Germany and paid them with IOUs. Should those banks right off the debt? Which will cause a crisis on the balance sheets of those banks?

Also, because it was done 80+ yrs ago,doesn't mean it's a great idea to do it today.

Who knew Germany had WWII debt in the 1930's.

I was referring to their WW1 debt, obviously.

[CID1990]

Well then the better question should have been "Why should I care about Greece?"

The only "guvmint employees" fvcking things up are the ones that are elected. Usually by flyover country rubes who don't understand global economies.

You mean the one where Wall Street and international banks crash economies, buy the casualties for pennies on the dollar, make billions on the side betting against the sham "mortgage-backed securities" they peddle to pensions and governments, (globally of course, with the help of crooked politicians like Tony Blair), demand and receives a bailout from the people whose lives they just ruined, and then downgrade a country's bonds when the economic time bombs they sold go off? The one where they then bump a nation's bond yield to 50% and demand that all government functions generating revenue be "privatized", further lowering revenues and creating an ever growing ocean of debt that only be reduced by eliminating all social programs and laying off public workers, but not cutting military spending or raising taxes on the oligarchs? That one? You're right, I don't get it. All I get for me is cheap tennis shoes.

Guess I struck a nerve - you typed more than just the one sentence hyperbolic vomit that is your bailiwick

I see you have mistaken me for a globalist. I'm not applauding the system, I'm saying that because of it, we are affected by Greece's inability to control themselves and their progressive utopian quagmire.

I would LOVE for us to be divorced from this global ghetto

And the ONE thing you threw in there - military spending - simply proves my point - that you DON'T understand it at all, because you blame the wrong things. You can be forgiven for your ignorance though, if it gets repeated enough it becomes truth

Greece's workers have approximately 1/4 of every year off on vacation GOVERNMENT PAID

Full pensions for all in middle age GOVERNMENT PAID

And paying taxes in Greece is considered optional.

THAT'S what is causing Greece's woes, and not a military Euro (or drachma) to be found.

[houndawg]

Thats very nice, CUD, But I'm not sure how paying less for consumer goods is going to be bad for us rubes in flyover country.

[Baldy]

Well then the better question should have been "Why should I care about Greece?"

The only "guvmint employees" fvcking things up are the ones that are elected. Usually by flyover country rubes who don't understand global economies.

You mean the one where Wall Street and international banks crash economies, buy the casualties for pennies on the dollar, make billions on the side betting against the sham "mortgage-backed securities" they peddle to pensions and governments, (globally of course, with the help of crooked politicians like Tony Blair), demand and receives a bailout from the people whose lives they just ruined, and then downgrade a country's bonds when the economic time bombs they sold go off? The one where they then bump a nation's bond yield to 50% and demand that all government functions generating revenue be "privatized", further lowering revenues and creating an ever growing ocean of debt that only be reduced by eliminating all social programs and laying off public workers, but not cutting military spending or raising taxes on the oligarchs? That one? You're right, I don't get it. All I get for me is cheap tennis shoes.

You do know who invented those sham "mortgage backed securities", don't you?

[kalm]

Greece is the Tom Hulce character in Parenthood and the rest of Europe is Jason Robards.

[Ibanez]

Greece is the Tom Hulce character in Parenthood and the rest of Europe is Jason Robards.

Kalm, at what age did you get your first period?

[GannonFan]

So they are hypocrites, amirite?

Not Really. The treaty in 1990 which reunified Germany didn't include WW2 debt/reparations. So, legally, they aren't required pay anything.

Reparations wouldn't make a dent in their debt. Greece should be given the same help Germany was given. Put payments off for 15-20 yrs until they've rebounded. Restructure/renegotiate the debt.

What makes you think Greece will ever rebound? Even if you cancel the entirety of their debt today, Greece would still be in economic crisis 20 years down the road. They don't have an economy that can cover the cost of what they spend. They are the poster child for a country that wants all the luxuries of life but not have to pay for it or work for it. You don't get to a point where your debt is 170% of your GDP by just making some bad choices - you get there by just spending and spending and spending some more. That model can work for a little while, maybe a generation or two, but eventually it always ends up crashing in the end. Greece is a lost cause - if I were Europe, I'd cut them loose and not spend any more time trying to prop them up.

[kalm]

Greece is the Tom Hulce character in Parenthood and the rest of Europe is Jason Robards.

Kalm, at what age did you get your first period?

I realize that reference was way before your time, twinkle toes, but it was a good analogy.

And it was 13 while at summer camp.

[GannonFan]

Kalm, at what age did you get your first period?

I realize that reference was way before your time, twinkle toes, but it was a good analogy.

And it was 13 while at summer camp.

I was with you, kalm, on the Parenthood analogy. It was a pretty good one, IMO. When does Greece decide to leave their kid with Germany and head off to Chile for some get rich quick scheme?

[kalm]

I realize that reference was way before your time, twinkle toes, but it was a good analogy.

And it was 13 while at summer camp.

I was with you, kalm, on the Parenthood analogy. It was a pretty good one, IMO. When does Greece decide to leave their kid with Germany and head off to Chile for some get rich quick scheme?

Thanks Ganny!

In your fucking face, Mark!

[CAA Flagship]

I was with you, kalm, on the Parenthood analogy. It was a pretty good one, IMO. When does Greece decide to leave their kid with Germany and head off to Chile for some get rich quick scheme?

Thanks Ganny!

In your fucking face, Mark!

You are one angry Palousifer.

[Ivytalk]

Within 90 days, we'll be flooded with Greek illegals seeking to open cheap restaurants.

[CitadelGrad]

An oldie but a goodie.

[youtube]https://www.youtube.com/watch?v=F-10i8-mtCw[/youtube]

[Ivytalk]

An oldie but a goodie.

[youtube]https://www.youtube.com/watch?v=F-10i8-mtCw[/youtube]

Brilliant!

[OL FU]

Sell the Acropolis to Disney and let them build a theme park around it.

[travelinman67]

Cheap Mediterranean vacation rentals!

(BYOB...and food)

[Ibanez]

Not Really. The treaty in 1990 which reunified Germany didn't include WW2 debt/reparations. So, legally, they aren't required pay anything.

Reparations wouldn't make a dent in their debt. Greece should be given the same help Germany was given. Put payments off for 15-20 yrs until they've rebounded. Restructure/renegotiate the debt.

What makes you think Greece will ever rebound? Even if you cancel the entirety of their debt today, Greece would still be in economic crisis 20 years down the road. They don't have an economy that can cover the cost of what they spend. They are the poster child for a country that wants all the luxuries of life but not have to pay for it or work for it. You don't get to a point where your debt is 170% of your GDP by just making some bad choices - you get there by just spending and spending and spending some more. That model can work for a little while, maybe a generation or two, but eventually it always ends up crashing in the end. Greece is a lost cause - if I were Europe, I'd cut them loose and not spend any more time trying to prop them up.

I don't pretend to know the future. I just made a suggestion.

[Ibanez]

I was with you, kalm, on the Parenthood analogy. It was a pretty good one, IMO. When does Greece decide to leave their kid with Germany and head off to Chile for some get rich quick scheme?

Thanks Ganny!

In your fucking face, Mark!

You can suck a fat one, Pollyanna!

[Ibanez]

Within 90 days, we'll be flooded with Greek illegals seeking to open cheap restaurants.

Gyro food trucks!!!!!

[CitadelGrad]

An oldie but a goodie.

[youtube]https://www.youtube.com/watch?v=F-10i8-mtCw[/youtube]

Brilliant!

Of course it's brilliant. Merle Hazard is a Harvard Man.

[dbackjon]

Not Really. The treaty in 1990 which reunified Germany didn't include WW2 debt/reparations. So, legally, they aren't required pay anything.

Reparations wouldn't make a dent in their debt. Greece should be given the same help Germany was given. Put payments off for 15-20 yrs until they've rebounded. Restructure/renegotiate the debt.

What makes you think Greece will ever rebound? Even if you cancel the entirety of their debt today, Greece would still be in economic crisis 20 years down the road. They don't have an economy that can cover the cost of what they spend. They are the poster child for a country that wants all the luxuries of life but not have to pay for it or work for it. You don't get to a point where your debt is 170% of your GDP by just making some bad choices - you get there by just spending and spending and spending some more. That model can work for a little while, maybe a generation or two, but eventually it always ends up crashing in the end. Greece is a lost cause - if I were Europe, I'd cut them loose and not spend any more time trying to prop them up.

100 years ago they would have just had half the population emigrate to the US/Australia/South America

[houndawg]

Just think of Greece as the Mississippi of Europe.