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Author Topic: GO Greece!  (Read 83900 times)

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« Reply #50 on: June 27, 2015, 11:54 »
+3
..yes - he is a good poker player - we agree ...

But it's not a game and playing it like a game is inappropriate.


« Reply #51 on: June 27, 2015, 11:57 »
+3
We all know Greece is in big trouble, but how did it qualify under the Maastricht rules to begin with . . . . .  as often the case,  Goldman Sachs continues to screw the world.

It's kind of geeky reading but there are reasons for much of the world's troubles:


http://www.spiegel.de/international/europe/greek-debt-crisis-how-goldman-sachs-helped-greece-to-mask-its-true-debt-a-676634.html

« Reply #52 on: June 27, 2015, 11:59 »
+2

If greeks are smart enough, they will get out of the euro and start walking with their own legs.

They could already do that but they didn't... I wonder why. :) They still can.

Those two guys Tsipras and Varufakis lost six months doing nothing, as dk said from country getting out of recession put it in even more problems and when they need to make one decision and people have chosen them exactly for that decision (in short term explained "f... off creditors" as they said) they don't have competence to do that.

If Greek hate so much those evil european bankers/creditors/germans/IMF... why not just show them middle finger and go out of euro and eurozone?

answer: They don't hate their money :)


« Reply #53 on: June 27, 2015, 12:08 »
+1
Eurozone Rejects Greek Bailout Extension: All Bailout Programs Expire On June 30, Referendum Moot

http://www.zerohedge.com/news/2015-06-27/eurozone-rejects-greek-bailout-extension
« Last Edit: June 27, 2015, 12:25 by Nikovsk »

« Reply #54 on: June 27, 2015, 12:21 »
+1
WOW - Bailout extension rejected! Tuesday is THE Day!
Euro finance ministers have refused to extend Greece’s bailout following shock decision to hold a referendum

http://www.theguardian.com/business/series/eurozone-crisis-live

The TV channel has also reported this evening that some €400m euro have been withdrawn from ATMs since Tsipras announced the vote. Dozens of MPs have been seen lining up at ATMs in the parliament building today.
« Last Edit: June 27, 2015, 12:54 by KnowYourOnions »

« Reply #55 on: June 27, 2015, 13:03 »
0
Joining the euro is the worst thing that has happened to Greece for a long time, maybe even since the end of the civil war.

Why did Greece even joined? even better question is... why they don't like euro now, but 8 years ago it was all good about euro?

Actually, they do like the euro and they don't want to lose it. They are afraid that losing it will push them back into third-world status.  But at the same time, their economic base isn't strong enough to live with it. It's a bit like an abusive marriage with both parties afraid to call it quits.

I honestly can't tell you why they joined. I'm sure there was a fair amount of pride involved, hopes of being dragged up to north European standards on the back of the currency, a belief in the European ideal. For all I know, the politicians in charge thought they would make another fat brown envelope out of the deal.  But what really drove it, I've no idea - I'm not Greek, let alone a member of the Greek political families that decide this stuff.

« Reply #56 on: June 27, 2015, 13:05 »
0
WOW - Bailout extension rejected! Tuesday is THE Day!
Euro finance ministers have refused to extend Greece’s bailout following shock decision to hold a referendum

http://www.theguardian.com/business/series/eurozone-crisis-live

The TV channel has also reported this evening that some €400m euro have been withdrawn from ATMs since Tsipras announced the vote. Dozens of MPs have been seen lining up at ATMs in the parliament building today.


Tuesday isn't the day - the day is now.  The EU can't announce that the bailout will end without renewal on Tuesday without immediately triggering all the consequences that come from that. Nobody is going to fill up the Greek cash machines so that the people can withdraw everything on Monday, when we all know that the financial support is about to end.

« Reply #57 on: June 27, 2015, 13:10 »
+2
I think Dijsselbloem is about to speak ec.europa.eu/avservices/ebs/live.cfm?page=1

It will be historic.

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« Reply #58 on: June 27, 2015, 13:16 »
+1

I am all for referendum, but people of Greece are not going hungry or dying. People in some African countries are, but not in Greece. They have higher pension and wages then people in many others countries in EU, and once they had income even above Germany.  It's sad and unfairly that Croatian, Slovenian, Slovakian, Hungarian, Romanian, Polish or Bulgarian people (tax payers) sending financial help when you check this map:

https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage

That map serves as a blatant misinformation about the average net income, at least about Portugal, and distorts the truth and the perception of those looking at it.

The average net income for the vast majority of the population is nowhere near 1001€, but being really optimistic more along 600€, and now even less with all the wages dropping.

What happens is that the top ranks of the Portuguese companies are among the highest paid in Europe, even above Germany, while the normal worker is one of the worst paid in the Western Europe.

If you have a CEO earning 50.000€ a month (and there are LOADS of them) and his 100 workers earning 500€ you get an average income of 990,10€. But the reality is that you may also have a couple directors earning 5.000€ raising the average even more.

On a map you may look at those 1001€ and think it's not that bad, but the truth is that most of the population is nowhere near that value and closer the the minimum wage of around 500€.

If I eat two chickens and you eat none, the average will say we eat a chicken each, despite you're starving to death and I'm getting fatter everyday...

« Reply #59 on: June 27, 2015, 13:22 »
+7

I am all for referendum, but people of Greece are not going hungry or dying. People in some African countries are, but not in Greece. They have higher pension and wages then people in many others countries in EU, and once they had income even above Germany.  It's sad and unfairly that Croatian, Slovenian, Slovakian, Hungarian, Romanian, Polish or Bulgarian people (tax payers) sending financial help when you check this map:

https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage


That map serves as a blatant misinformation about the average net income, at least about Portugal, and distorts the truth and the perception of those looking at it.

The average net income for the vast majority of the population is nowhere near 1001€, but being really optimistic more along 600€, and now even less with all the wages dropping.

What happens is that the top ranks of the Portuguese companies are among the highest paid in Europe, even above Germany, while the normal worker is one of the worst paid in the Western Europe.

If you have a CEO earning 50.000€ a month (and there are LOADS of them) and his 100 workers earning 500€ you get an average income of 990,10€. But the reality is that you may also have a couple directors earning 5.000€ raising the average even more.

On a map you may look at those 1001€ and think it's not that bad, but the truth is that most of the population is nowhere near that value and closer the the minimum wage of around 500€.

If I eat two chickens and you eat none, the average will say we eat a chicken each, despite you're starving to death and I'm getting fatter everyday...

..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage

« Reply #60 on: June 27, 2015, 13:31 »
+1
If you are very young I am sorry but this is funniest (read:stupidest) thing I read here.

Are Cambodia and Vietnam taking their tax money to help Greece or does it goes for Slovenia, Slovakia, Croatia and others?

Germans spend their money, Greece is spending others money. No more.

Referendum can be simplified to something like this:

a) we still want to live like drunk millionaire spending poorer people money we haven't earned.

b) We need to settle down, live modestly and spending money we earned.

Obviously I'm very young - why else would I choose Greece to retire in? I'd have to be over 20 to retire anywhere else ;)

Seriously, though, this "the Greeks are living off other people's money" meme is nonsense. The Greeks have a loan and have been repaying it. If you buy a car, does that mean you are living off other people's money, because you haven't finished paying for it? If and when they default, then you can say they are living off someone else's cash - but so far the lenders have been living off  the Greeks by taking interest from them. It hasn't cost the rest of Europe anything.

Your A and B are not the questions at all. The real questions are "Do we take 10 or 20 years as poverty and mass unemployment as the price of being in the euro, or do we take two or three or four years of extreme poverty followed by some sort of recovery in order to get out of it? Unfortunately, Syriza is now peddling the line that the Greeks get to keep the euro whatever happens.



« Reply #61 on: June 27, 2015, 13:36 »
+2

I am all for referendum, but people of Greece are not going hungry or dying. People in some African countries are, but not in Greece. They have higher pension and wages then people in many others countries in EU, and once they had income even above Germany.  It's sad and unfairly that Croatian, Slovenian, Slovakian, Hungarian, Romanian, Polish or Bulgarian people (tax payers) sending financial help when you check this map:

https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage


That map serves as a blatant misinformation about the average net income, at least about Portugal, and distorts the truth and the perception of those looking at it.

The average net income for the vast majority of the population is nowhere near 1001€, but being really optimistic more along 600€, and now even less with all the wages dropping.

What happens is that the top ranks of the Portuguese companies are among the highest paid in Europe, even above Germany, while the normal worker is one of the worst paid in the Western Europe.

If you have a CEO earning 50.000€ a month (and there are LOADS of them) and his 100 workers earning 500€ you get an average income of 990,10€. But the reality is that you may also have a couple directors earning 5.000€ raising the average even more.

On a map you may look at those 1001€ and think it's not that bad, but the truth is that most of the population is nowhere near that value and closer the the minimum wage of around 500€.

If I eat two chickens and you eat none, the average will say we eat a chicken each, despite you're starving to death and I'm getting fatter everyday...

..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage




great, thanks, that's even better. Now look at the median wages on countries in European union like Romania, Bulgaria, Croatia, Hungary etc. those are also the ones whose money is being pumped in Greece

Even better if anyone can find median wages in all EU 5 years ago.

« Reply #62 on: June 27, 2015, 13:37 »
0

I am all for referendum, but people of Greece are not going hungry or dying. People in some African countries are, but not in Greece. They have higher pension and wages then people in many others countries in EU, and once they had income even above Germany.  It's sad and unfairly that Croatian, Slovenian, Slovakian, Hungarian, Romanian, Polish or Bulgarian people (tax payers) sending financial help when you check this map:

https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage


That map serves as a blatant misinformation about the average net income, at least about Portugal, and distorts the truth and the perception of those looking at it.

The average net income for the vast majority of the population is nowhere near 1001€, but being really optimistic more along 600€, and now even less with all the wages dropping.

What happens is that the top ranks of the Portuguese companies are among the highest paid in Europe, even above Germany, while the normal worker is one of the worst paid in the Western Europe.

If you have a CEO earning 50.000€ a month (and there are LOADS of them) and his 100 workers earning 500€ you get an average income of 990,10€. But the reality is that you may also have a couple directors earning 5.000€ raising the average even more.

On a map you may look at those 1001€ and think it's not that bad, but the truth is that most of the population is nowhere near that value and closer the the minimum wage of around 500€.

If I eat two chickens and you eat none, the average will say we eat a chicken each, despite you're starving to death and I'm getting fatter everyday...


Portugal is not the best example. There are other countries with a wider gap between min and max wages:

"..as a population-weighted average of EU-28 Member States’ national figures the top 20 % (highest equivalised disposable income) of a Member State’s population received 5.1 times as much income as the bottom 20 % (lowest equivalised disposable income) of the Member State’s population. This ratio varied considerably across the EU-28 Member States, from 3.4 in Slovenia, to at least 6.0 in Bulgaria, Romania, Latvia and Greece, peaking at 7.2 in Spain"

http://ec.europa.eu/eurostat/statistics-explained/images/f/f5/Inequality_of_income_distribution%2C_2012_%281%29_%28income_quintile_share_ratio%29_YB14_II.png




« Last Edit: June 27, 2015, 13:43 by Zero Talent »

« Reply #63 on: June 27, 2015, 14:01 »
+1
Obviously I'm very young - why else would I choose Greece to retire in? I'd have to be over 20 to retire anywhere else ;)

Seriously, though, this "the Greeks are living off other people's money" meme is nonsense. The Greeks have a loan and have been repaying it. If you buy a car, does that mean you are living off other people's money, because you haven't finished paying for it? If and when they default, then you can say they are living off someone else's cash - but so far the lenders have been living off  the Greeks by taking interest from them. It hasn't cost the rest of Europe anything.

Your A and B are not the questions at all. The real questions are "Do we take 10 or 20 years as poverty and mass unemployment as the price of being in the euro, or do we take two or three or four years of extreme poverty followed by some sort of recovery in order to get out of it? Unfortunately, Syriza is now peddling the line that the Greeks get to keep the euro whatever happens.

Didn't read that part about your retirement.

Car is good example, even better is when you taking others money not to invest it so it can return someday, but to pay wages and pensions.

Greek people are choosing the option not to pay debts when trying to keep their wages, and it's not a problem as it is, they also keep loaning more money to fund their wages.

Why they didn't leave Euro while it was working good to them? They want euro/germany to pay wages (loaning more and more money) but not to pay debts.

Leave Eu and leave those naughty lenders without their interest.

When you said it isn't cost Eu anything, you mean Greece already returned all money it took?

« Last Edit: June 27, 2015, 14:12 by panicAttack »

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« Reply #64 on: June 27, 2015, 14:24 »
+2
It isn't just Greece, so many countries have been living beyond their means for years now and I hope it all comes to an end soon.

Would you care to elaborate on this?

Because Portugal is one of the targeted countries regarding this idea, and all I saw in my life was people struggling to have a decent life. And by decent I'm not talking about houses with pools, top range Mercedes and holidays on luxurious destinations abroad. I'm talking, being able to pay for an apartment and a small economic car, especially if you're a worker of the private sector.

But when the EU decided to drop the protection of the European economy against the dumping prices of China, India and others, opening the borders to their products and exempting them of custom taxes the Portuguese economy crashed hard!

Portugal was until some years ago probably the country with the cheapest working force in the EU, and with a type of industry that gave employment to a lot of people, who despite being very qualified in their areas (textile, clothing, etc) have little studies - courtesy of the fascist dictatorship so well tolerated by the democratic Europe. But who could compete with the costs of China?

This was the start of the end. Hard working people who had a stable job, managed to pay for the bills and pay for superior education of their children, saw their company close. Many couples got unemployed, living from charity, and became unable to pay for their obligations.

And to top all of this we are insulted when we hear we live beyond our means! Is a German couple able to live, both unemployed and with a shrinking unemployment protection?... Or are they also living "beyond their means"?

The EU should protect their members, and by this I do not mean giving us money, but protect the economy especially the weaker ones.

The only ones living above their means in Portugal, are the ones belonging to the governing party mafias, the PS, the PSD and its' crutch the PP. Parties financed by Berlin and Paris who control 99% of the media in Portugal and destroy any political alternatives (old or new as we are seeing right now with a new party, the PDR).

PS/PSD/PP parties that divert money from the state in corrupt deals, with full knowledge of the EU leaders, but to whom nothing happens because the German bankers will profit with the interests of the money sent to Portugal.
« Last Edit: June 27, 2015, 14:37 by StockPhotosArt »

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« Reply #65 on: June 27, 2015, 14:35 »
+2
..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage


Those values are GROSS income. In Portugal, after the huge taxes (among the highest in Europe) the NET income drops considerably and those 694€ will fall to under 600€.

And if you consider we pay some of the highest prices for energy, fuel and everything else there's not much money left for anything.

« Reply #66 on: June 27, 2015, 14:57 »
+3
Hopefully the trend will move on other countries and this banksters ruled union will end like a soap bubble.

And pushing money into someones pockets, blackmailing him how to spend it and leading him into investing to save their institutions and managers that are swimming in bonuses and than pulling it back trough normal people who never seen any benefit from it all trough corrupted leaders is not helping, that is criminal.

I dont have a loan, never want to have one, I was aggressively offered one countless times trough their financial  institutions that Im obligated to use by law implemented by their corrupted serves and please righteous financial institutions of this world dont give a dime to my government, that's not my loan , I don't want to pay it off, never asked for it and if it means stone age and starting from 0 then so be it.   


 

« Reply #67 on: June 27, 2015, 15:08 »
+2

And pushing money into someones pockets

You are right about all but this one. Psychologically healthy adult can't be pushed into debt if he don't want/need it, as you haven't been neither have I. We can assume that Greek government were psychologically healthy adults that were chosen by millions psychologically healthy Greeks.




« Reply #68 on: June 27, 2015, 15:32 »
+2
..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage


Those values are GROSS income. In Portugal, after the huge taxes (among the highest in Europe) the NET income drops considerably and those 694€ will fall to under 600€.

And if you consider we pay some of the highest prices for energy, fuel and everything else there's not much money left for anything.


Here is your net income. There are 10 EU countries behind Portugal and Greece!

Portugal has 8177/12 = 681/month NET
« Last Edit: June 27, 2015, 15:35 by Zero Talent »

« Reply #69 on: June 27, 2015, 15:33 »
+3
banksters

I really hate the use of this term / meme. I don't believe it gets us anywhere. And blaming bankers is, ultimately, the same as simplistically blaming anyone else for what are actually much more complicated issues. Also - it feeds into that whole daft conspiracy mindset.

Also - well we've been here before - where people start vilifying international financiers and imaginary elites. And it did not end well. Indeed the formation of the old Common Market was, partly, an optimistic response to all of that.

« Reply #70 on: June 27, 2015, 15:46 »
0
..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage


Those values are GROSS income. In Portugal, after the huge taxes (among the highest in Europe) the NET income drops considerably and those 694€ will fall to under 600€.

And if you consider we pay some of the highest prices for energy, fuel and everything else there's not much money left for anything.


Here is your net income. There are 10 EU countries behind Portugal and Greece!

Portugal has 8177/12 = 681/month NET


2013 !

« Reply #71 on: June 27, 2015, 15:48 »
+1
..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage


Those values are GROSS income. In Portugal, after the huge taxes (among the highest in Europe) the NET income drops considerably and those 694€ will fall to under 600€.

And if you consider we pay some of the highest prices for energy, fuel and everything else there's not much money left for anything.


Here is your net income. There are 10 EU countries behind Portugal and Greece!

Portugal has 8177/12 = 681/month NET


2013 !

Right. These are the latest numbers from Eurostat. They don't have all the 2014 numbers, yet.

« Reply #72 on: June 27, 2015, 15:49 »
0
..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage


Those values are GROSS income. In Portugal, after the huge taxes (among the highest in Europe) the NET income drops considerably and those 694€ will fall to under 600€.

And if you consider we pay some of the highest prices for energy, fuel and everything else there's not much money left for anything.


Here is your net income. There are 10 EU countries behind Portugal and Greece!

Portugal has 8177/12 = 681/month NET


2013 !


isn't that time both country were already in recession?

« Reply #73 on: June 27, 2015, 16:32 »
+3
banksters

I really hate the use of this term / meme. I don't believe it gets us anywhere. And blaming bankers is, ultimately, the same as simplistically blaming anyone else for what are actually much more complicated issues. Also - it feeds into that whole daft conspiracy mindset.

Also - well we've been here before - where people start vilifying international financiers and imaginary elites. And it did not end well. Indeed the formation of the old Common Market was, partly, an optimistic response to all of that.

What is conspiracy mindset ? Is it a mindset that is refusing to ignore pure facts and to blindly continue to defend the thesis that everything is more complicated than it seems whiteout a bit of will to research the most fundamental arguments on any basis ?

Its already a multiple court proven fact that banks are creating money out of nothing , based on nothing, that governments don't control their financial institution at all , that financial institutions are in private hands and are pushing the laws in their favor  trough their corrupted puppets called politicians who benefit the protection of immunity and thus are not responsible for the damage they are creating to people until they keep to obey their masters.

A yet majority calls that conspiracy theory , well I got news for you , that theory is major political practice big time     

« Last Edit: June 27, 2015, 17:23 by Lizard »

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« Reply #74 on: June 27, 2015, 17:02 »
+1
..and all somebody has to do is link the median wage instead of the average...

here: http://www.wikiwand.com/en/List_of_European_countries_by_median_wage


Those values are GROSS income. In Portugal, after the huge taxes (among the highest in Europe) the NET income drops considerably and those 694€ will fall to under 600€.

And if you consider we pay some of the highest prices for energy, fuel and everything else there's not much money left for anything.


Here is your net income. There are 10 EU countries behind Portugal and Greece!

Portugal has 8177/12 = 681/month NET


There is something very wrong with those informations. One says the Gross income for Portugal is 694€, and the other says that the Net is 681€.

I can assure you that a worker in Portugal does not pay only 13€ of taxes over income and Social Security.

Social Security alone, for workers working to an employer is 11% (employer pays another +-23% for each worker), which roughly reduces 70€ over the mentioned Gross 694€ sending the salary under the 600€. But then you still have to cut the tax over the income.

You also say that there are other countries with a wider gap between min and max wages. According to data, only Latvia has a bigger gap. Portugal is in the second place equal to Romania and Bulgaria.

And if you consider that the extra hours are in most cases not paid, and you do it for free if you want to keep the job, and that this one is extremely precarious putting the worker at the mercy of the employer, the salary is in fact much lower since you should be earning more for the work you do.


 

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