Cyprus-Forum.com

[georgios100]

Canadian & American experts say the Greek austerity measures may not be enough to get Greece out of the economic spiral. Default is probable if not inevitable.

These rather disturbing news came as a surprise to me and other diaspora Greeks in Toronto. The link for the video clip is below. Tune in to 3:00 timeline of the player.

http://watch.ctv.ca/news/ctv-national-n ... clip299033

[Kikapu]

I've just received this from a friend via email.

An Education

"Greece is like a pampered, misbehaving child who threatens to burn down the house if you don't give her another pack of sweets, pronto. Indulging the child has now given us a screaming little terror.

Politicians everywhere have promised - and spent too much - and a childish electorate has always rewarded them with another term in office. Now we are coming to the end of this road. Greece is the canary in the coal mine, but the toxic methane has already seeped out and is threatening the whole area.

We are watching a fight between the ideas of two long-dead economists - the Austrian Schumpeter vs. the Englishman Keynes. To put it very simple, Schumpeter advocates to let the incompetents, imbeciles, profligates and unlucky self-destruct. Out of this destruction, something new and healthier will be born, eventually. Keynes holds against that and proposes to smother every major crisis caused by nature or human folly by means of massive money creation. Carpet bomb the idiot losers with tons of money and pain will go away.

And this works in the short term. But Schumpeter wins in the long run. Because throwing money around like a drunken sailor will definitely lead to debasement and bankruptcy."

[cyprusgrump]

Worse still, Spain wants €280Billions now...

[georgios100]

Worse still, Spain wants €280Billions now...

The Greek landslide will "sweep" the Spaniards, Portuguese, Brits, Irish, Italians... and some.

Not to ruin your day grump but last night the Canadian media mentioned the UK debt per household is the biggest in history (not UK only) worldwide.

Just last year UK borrowed 135 billion pounds.

A UK financial expert put it in a nutshell, warning the politicians:

We borrow now, spent now and repay... NEVER

Cheers

[Gasman]

Some Brit households must really have HUGE personal debt because I am sure there are many others like myself, who dread debt and never have any! Just as there are many Greek people who never benefitted from bribery, tax evasion, fat bloated salaries and bonusses, cushy jobs for life and swollen early pensions. They are the people I have sympathy for. And I doubt any of the decent and hard working people are spending their time dressing up in gas masks, toting baseball bats and molotov cocktails and terrorising the city.

[georgios100]

Some Brit households must really have HUGE personal debt because I am sure there are many others like myself, who dread debt and never have any! Just as there are many Greek people who never benefitted from bribery, tax evasion, fat bloated salaries and bonusses, cushy jobs for life and swollen early pensions. They are the people I have sympathy for. And I doubt any of the decent and hard working people are spending their time dressing up in gas masks, toting baseball bats and molotov cocktails and terrorising the city.

You ain't seen nothing yet from the Greeks. The last demonstrations was just a warm-up... wait until these austerity measures kick in... when they receive less salaries & benefits... they'll blow a gasket... riots, uprising, looting... you name it.

Some say, opportunity knocks. Cash strapped Greeks will sell their belongings to go by. Real estate will hit rock bottom. Cash is king. As sad as it sounds, money is to be made here... the hawks are hungry...

The Brits are to follow. The projected Hung Parliament (AKA minority government) is the icing on the cake... good luck to all of us.

[Gasman]

I'm guessing that 'sending in the troops' to restore peace and order is the last thing any Greek Govt would want to do? In view of their past. But they've certainly got plenty of troops to send in if they were needed.

That's if the troops are not taking the day off demonstrating themselves at the time of course.

[georgios100]

I'm guessing that 'sending in the troops' to restore peace and order is the last thing any Greek Govt would want to do? In view of their past. But they've certainly got plenty of troops to send in if they were needed.

That's if the troops are not taking the day off demonstrating themselves at the time of course.

The Troops are ready & waiting orders. The Greek state will make sure to keep the troops happy, for future use. They know, the police will eventually be unable to control the situation.

I hope I am wrong, but I've seen this before. Unlike what all of us believe "Oh well, the Greeks shall swallow one more pill", I'm afraid this may not be the case. Remember Argentina?

[apc2010]

Canadian & American experts say the Greek austerity measures may not be enough to get Greece out of the economic spiral. Default is probable if not inevitable.

These rather disturbing news came as a surprise to me and other diaspora Greeks in Toronto. The link for the video clip is below. Tune in to 3:00 timeline of the player.

http://watch.ctv.ca/news/ctv-national-n ... clip299033

It does not surpise me that you are surpised ....
you have a television ..........
and even with your small mind it is not rocket science .............
(btw grump still alive ..no bikes each)

[georgios100]

Canadian & American experts say the Greek austerity measures may not be enough to get Greece out of the economic spiral. Default is probable if not inevitable.

These rather disturbing news came as a surprise to me and other diaspora Greeks in Toronto. The link for the video clip is below. Tune in to 3:00 timeline of the player.

http://watch.ctv.ca/news/ctv-national-n ... clip299033

It does not surpise me that you are surpised ....
you have a television ..........
and even with your small mind it is not rocket science .............
(btw grump still alive ..no bikes each)

What? No bikes? Why?

Really, I've been watching both Greek news from Greece and Canadian news via internet. The Greek news don't say a word about default... while the Candians are certain about it. Who should we believe is telling the truth? Take a wild guess...