Cyprus-Forum.com

[Paphitis]

http://edition.cnn.com/2010/WORLD/europe/05/05/greece.strikes/index.html?hpt=T1

Can I ask a "dumb" question here.??

Just what is it that these people in Greece are protesting about.??

As the saying goes "No Money, No Honey".!

The party is over. It has been over for the last two years, it's just that some have not yet woken up to the realities of what has been, what it is, and what's yet to come. I'm not just talking about the Greeks and Greece here, but by and large all those who has been on the binge with others "free money" at their disposal to do as they pleased with virtually zero accountability. Well, guess what people, the fucking party is over. Get used to it. It is time to pay for all your mistakes in thinking that the "gravy train" would just keep on rolling just to provide you with your "financial fixes" so that you can work less and make more, buy that house(s) that was going to be bigger and better than your friends and other family members, drive that hot car that you always wanted but couldn't afford it when you had to work for your money and had responsibilities to take care of.

But everything became possible to have the life of the Rich & Famous" when "free money" was passed to all those whom wanted it, given by your local friendly bank manager, and you thought it was your birthday again, and again, and again and again to receive such wonderful gifts with just a blink of an eye. It was your own version of the "groundhog day" with free money, money, money everywhere. Yeah right.! What morons.

They never heard of "What goes up must come down" before.! Really, they haven't. What Morons.! So now, all those who are protesting, it is time time to wake up and get back into the real world. It's time to roll your sleeves and start working for your fucking money again, and since you were on a such a binge in spending, you are going to have to work more for less now, because you were spending others money and not yours, and now they want it back.

You will work more and receive less for it. You had your fun, you impressed your friends with what a "high roller" you were, you had those wonderful holidays in the sun, but it's time for you to pay the bills. No you fucking moron, it was not free money and no, it was not your fucking birthday every morning when you woke up. You were in the Fantasy Land along with all the other morons who thought they had just discovered the "secrets to life's happiness". No you moron, what you should have discovered was, that your discover credit card was busting at it seams of being overloaded with debt.

Now, stop complaining by blaming others for your binges that you could not afford in the long run. Time to wake up and shut up and not fight in the streets just because you are now told to pay back all your "free money" you have gotten. The owners want it back, and they want it........NOW.!!

Spot on post Kikapu.

Sadly, your post is Greece in a nutshell!

This is why I believe that this crisis is the best thing that has happened to Greece. Many people will get an urgently needed reality check.

The unfortunate thing is that the innocent working class will feel more pain than the richer elites who are responsible for this mess. But that's just the way it is. The whole country will now pay a very heavy price.

But still, it will be very good if the current Government manages to do something that was urgently needed for a very long time, and that is to reform the country from the ground up and rationalize spending.

[Jerry]

Spot on Kiks, but not just in Greece. You wait until after the UK elections - the shit will really hit the fan. Brits, in particular the young have been given too much easy credit. We belong to the "must have" society. The UK manufacturing industry produces about 10% of our wealth, so instead of making the things we consume we import them. We have one the most highly developed retail industies in the world so we are persuaded to buy imported consumer goods that we don't really need on credit that we can't really afford. The Brits have even, lemming like, bought holiday homes abroad on tick because they have "equity" in their UK homes. The UK economy has been fraudulently propped up for the last year pending tomorrows election. Converting the building societies into banks that kept much lower reserves and the subsequent "gambling" with toxic debt was the trigger but the fundamental weakness in the UK economy would has been exposed sooner or later - too many shops not enough industry.

[bsharpish]

Irrelevant of country ........... odd how many peacefull demonstrators turn up with crash helmets and pick axe handles.

I watched the riots on mayday when the policeman got petrol bombed ( another handy item for any peacefull demonstrator to keep in his pocket) and saw the guys with red flags attached to basball bat sized lumps of wood attacking the police barrier................ extremist pricks

[bsharpish]

Spot on Kiks, but not just in Greece. You wait until after the UK elections - the shit will really hit the fan. Brits, in particular the young have been given too much easy credit. We belong to the "must have" society. The UK manufacturing industry produces about 10% of our wealth, so instead of making the things we consume we import them. We have one the most highly developed retail industies in the world so we are persuaded to buy imported consumer goods that we don't really need on credit that we can't really afford. The Brits have even, lemming like, bought holiday homes abroad on tick because they have "equity" in their UK homes. The UK economy has been fraudulently propped up for the last year pending tomorrows election. Converting the building societies into banks that kept much lower reserves and the subsequent "gambling" with toxic debt was the trigger but the fundamental weakness in the UK economy would has been exposed sooner or later - too many shops not enough industry.

Here fecking here

[georgios100]

Spot on Kiks, but not just in Greece. You wait until after the UK elections - the shit will really hit the fan. Brits, in particular the young have been given too much easy credit. We belong to the "must have" society. The UK manufacturing industry produces about 10% of our wealth, so instead of making the things we consume we import them. We have one the most highly developed retail industies in the world so we are persuaded to buy imported consumer goods that we don't really need on credit that we can't really afford. The Brits have even, lemming like, bought holiday homes abroad on tick because they have "equity" in their UK homes. The UK economy has been fraudulently propped up for the last year pending tomorrows election. Converting the building societies into banks that kept much lower reserves and the subsequent "gambling" with toxic debt was the trigger but the fundamental weakness in the UK economy would has been exposed sooner or later - too many shops not enough industry.

Nicely put Jerry,

UK is soon to face financial meltdown. "Greek style" problems are on the way unless the Brits do something about it. And let me tell you, the Germans are not willing to lend them a dime for all I know. Neither will the French. There have the following options:

1. Get down on their knees (again) and beg the Yanks for a few more dollars.

2. Dust off the Chinese speaking Brits and send them to Beijing for money.

3. Get back to the good old Colonial spirit and start invading innocent countries to rob their resources.

P.S. Option 3 might be invalid (UK does not have that kind of muscle anymore).

Georgios100

[Paphitis]

Spot on Kiks, but not just in Greece. You wait until after the UK elections - the shit will really hit the fan. Brits, in particular the young have been given too much easy credit. We belong to the "must have" society. The UK manufacturing industry produces about 10% of our wealth, so instead of making the things we consume we import them. We have one the most highly developed retail industies in the world so we are persuaded to buy imported consumer goods that we don't really need on credit that we can't really afford. The Brits have even, lemming like, bought holiday homes abroad on tick because they have "equity" in their UK homes. The UK economy has been fraudulently propped up for the last year pending tomorrows election. Converting the building societies into banks that kept much lower reserves and the subsequent "gambling" with toxic debt was the trigger but the fundamental weakness in the UK economy would has been exposed sooner or later - too many shops not enough industry.

Nicely put Jerry,

UK is soon to face financial meltdown. "Greek style" problems are on the way unless the Brits do something about it. And let me tell you, the Germans are not willing to lend them a dime for all I know. Neither will the French. There have the following options:

1. Get down on their knees (again) and beg the Yanks for a few more dollars.

2. Dust off the Chinese speaking Brits and send them to Beijing for money.

3. Get back to the good old Colonial spirit and start invading innocent countries to rob their resources.

P.S. Option 3 might be invalid (UK does not have that kind of muscle anymore).

Georgios100

What a Vlaka!

[Kikapu]

Spot on Kiks, but not just in Greece. You wait until after the UK elections - the shit will really hit the fan. Brits, in particular the young have been given too much easy credit. We belong to the "must have" society. The UK manufacturing industry produces about 10% of our wealth, so instead of making the things we consume we import them. We have one the most highly developed retail industies in the world so we are persuaded to buy imported consumer goods that we don't really need on credit that we can't really afford. The Brits have even, lemming like, bought holiday homes abroad on tick because they have "equity" in their UK homes. The UK economy has been fraudulently propped up for the last year pending tomorrows election. Converting the building societies into banks that kept much lower reserves and the subsequent "gambling" with toxic debt was the trigger but the fundamental weakness in the UK economy would has been exposed sooner or later - too many shops not enough industry.

Jerry, Paphitis and Georgios,

It's Greece today, just because they couldn't hide the problem any longer. They are lucky to be in the EURO to bail them out. Who is going to bail out other EU members who are not in the EURO. The IMF, I guess, with much higher interest rate and more conditions. Greek people are going to pay the price no matter whos fault it was, because all Greek people were in on the take in one form or another when the times were good. Same world over, specially in Democratic countries. Everyone is happy when the country is doing well, so, everyone will also need to pay the price when the country is not doing so well. I wish all these problems came much sooner when we all knew that the housing bubble was getting bigger and bigger, at least 5 years before it burst. The pain would have been far less had it been 5 years earlier than when it actually did. But not as bad as what it could have been had the housing bubble burst 5 years from now. I really hate to think what would have happened. So, I'm not just pointing out just the problems in Greece, but the overall problem around the world and as Jerry pointed out, "Great" Britain is on the financial ropes as we speak. One good right hook and a left undercut, and the good ol' Union Jack will be knocked to the ground.!

[georgios100]

Spot on Kiks, but not just in Greece. You wait until after the UK elections - the shit will really hit the fan. Brits, in particular the young have been given too much easy credit. We belong to the "must have" society. The UK manufacturing industry produces about 10% of our wealth, so instead of making the things we consume we import them. We have one the most highly developed retail industies in the world so we are persuaded to buy imported consumer goods that we don't really need on credit that we can't really afford. The Brits have even, lemming like, bought holiday homes abroad on tick because they have "equity" in their UK homes. The UK economy has been fraudulently propped up for the last year pending tomorrows election. Converting the building societies into banks that kept much lower reserves and the subsequent "gambling" with toxic debt was the trigger but the fundamental weakness in the UK economy would has been exposed sooner or later - too many shops not enough industry.

Jerry, Paphitis and Georgios,

It's Greece today, just because they couldn't hide the problem any longer. They are lucky to be in the EURO to bail them out. Who is going to bail out other EU members who are not in the EURO. The IMF, I guess, with much higher interest rate and more conditions. Greek people are going to pay the price no matter whos fault it was, because all Greek people were in on the take in one form or another when the times were good. Same world over, specially in Democratic countries. Everyone is happy when the country is doing well, so, everyone will also need to pay the price when the country is not doing so well. I wish all these problems came much sooner when we all knew that the housing bubble was getting bigger and bigger, at least 5 years before it burst. The pain would have been far less had it been 5 years earlier than when it actually did. But not as bad as what it could have been had the housing bubble burst 5 years from now. I really hate to think what would have happened. So, I'm not just pointing out just the problems in Greece, but the overall problem around the world and as Jerry pointed out, "Great" Britain is on the financial ropes as we speak. One good right hook and a left undercut, and the good ol' Union Jack will be knocked to the ground.!

Another fine response from Kikapu, thank you.

Here, in Canada, the government is tight when it comes to regulation of banks, financial institutions and private lenders. In addition, government spending is well managed, every dollar spent is accounted for. Year 1990 was a bad year for us, the bubble bursted, we recovered, lesson learned, never again. The Canadian dollar may not be as strong as the EURO but is at parity with the US dollar (almost). Countries using the EURO should not let things slide, thinking they are secured... not anymore. As Canada does, more regulation is needed to control spending and maintain monetary policies.


Fiscal discipline is key to financial success.

[Jerry]

The problem in the UK will mean increased taxes, unemployment, cut in public spending and probably a hike in interest rates to attract foreign currency. The UK has a much more diverse and resilient economy than Greece and the population are usually more disciplined so I think things will be very hard for a few years but I can't see a total collapse. The next UK PM is about to win a booby prize; he's going to be blamed for the forthcoming depression for years to come. So I hope Cameron wins

[georgios100]

The problem in the UK will mean increased taxes, unemployment, cut in public spending and probably a hike in interest rates to attract foreign currency. The UK has a much more diverse and resilient economy than Greece and the population are usually more disciplined so I think things will be very hard for a few years but I can't see a total collapse. The next UK PM is about to win a booby prize; he's going to be blamed for the forthcoming depression for years to come. So I hope Cameron wins

Here in Toronto, we hear most likely a minority government is projected for UK, not sure if your candidate, Cameron, will win. Bear in mind, Canada is still up and running under a minority government for the last 3 years, so don't worry about it, it might work for you guys as well.