Cyprus-Forum.com

[GreekIslandGirl]

I know things are bad - I'm not denying the sacrifices the Greeks are making for everyone.

But why are the Greeks the only ones punished when the figures suggest others are worse perpetrators?

Tell me!

Compare the figures and tell me who else should be making sacrifices:

15. Greece: 178.9%
External debt (as % of GDP): 178.9%

Gross external debt: $546.92 billion
2011 GDP (est.): $305.6 billion

External debt per capita: $50,792

And

2. United Kingdom: 451.4%
External debt (as % of GDP): 451.4%

Gross external debt: $10.157 trillion
2011 GDP (est.): $2.250 trillion

External debt per capita: $161,110

[GreekIslandGirl]

Here's a hint!


United Kingdom: 451.4%

[Jerry]

I'm on holiday in Rhodes at the moment, lovely place, not quite as commercial as Cyprus. The Hotels are not as busy as they should be, I think tourists are worried about their holiday being cancelled at the last minute because of the crisis. Apart from the lunatic drivers the only other thing I found odd was that the museum in the old town which is absolutely stuffed with antiques CLOSES AT 3.00 in the afternoon when the street outside is full of tourists. It opens at 8.30 when most holidaymakers are at breakfast, admission is free. I queried this strange practice but apparantly it has always been like this.

Get off your fat arse Mr Greek Museum in charge man, charge 5 euros to enter these free sites, take some of the unemployed university graduates off the streets and keep open until 8.00 at least. You inherited some fabulous assets from the ancient Greeks - use them.

[Cossie]

I think the answer is pretty simple- What does Greece produce? Olive oil? Fetta? Tourism can only get you so far. C.f. Italy, which also has huge debts, but has an industrial output it can export, and eventually (hopefully) repay its debts.

[GreekIslandGirl]

Aegean Marine Petroleum Network Inc. announces first quarter 2012 financial results

Thursday, May 17, 2012

PIRAEUS, Greece, May 16, 2012 /PRNewswire/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company") today announced financial and operating results for the first quarter ended March 31, 2012.

The Company recorded net income attributable to AMPNI shareholders for the three months ended March 31, 2012 of $6.0 million, or $0.13 basic and diluted earnings per share. For purposes of comparison, the Company reported net income of $4.0 million, or $0.09 basic and diluted earnings per share, for the three months ended March 31, 2011. The weighted average basic and diluted shares outstanding for the three months ended March 31, 2012 were 45,438,383. The weighted average basic and diluted shares outstanding for the three months ended March 31, 2011 were 46,266,117.

Total revenues for the three months ended March 31, 2012, increased by 12.3% to $1,810.9 million compared to $1,611.9 million for the same period in 2011. For the three months ended March 31, 2012, sales of marine petroleum products increased by 12.1% to $1,799.3 million compared to $1,605.4 million for the year-earlier period. Gross profit, which equals total revenue less directly attributable cost of revenue increased by 19.0% to $76.4 million in the first quarter of 2012 compared to $64.2 million in the year-earlier period.

For the three months ended March 31, 2012, the volume of marine fuel sold decreased by 9.7% to 2,461,230 metric tons as compared to 2,726,237 metric tons in the year-earlier period as the Company maintained its focus on executing transactions with creditworthy counterparties.

Operating income for the first quarter of 2012 increased to $13.4 million as compared to $9.8 million for the same period in 2011. Operating expenses, excluding directly attributable cost of revenue, increased by $8.6 million, or 15.8%, to $63.0 million for the three months ended March 31, 2012 as compared to $54.4 million for the same period in 2011. This increase was principally due to an expanded logistics infrastructure.

E. Nikolas Tavlarios, President, commented, "Our results for the first quarter reflect the continued progress Aegean has achieved implementing its strategy aimed at steadily increasing profitability during a challenging market environment. For the three months ended March 31, 2012, we improved gross spread for the fifth consecutive quarter as we remain focused on executing transactions in a disciplined manner with creditworthy counterparties, streamlining our global operations and capitalizing on the demand for our comprehensive services. Consistent with our objective to expand Aegean's worldwide integrated marine fuel logistics chain, we recently completed our previously announced newbuilding program, a major milestone that further strengthens our Company's leading industry brand. We also entered into a strategic alliance that effectively extends our global reach to mainland China without incrementally increasing capital expenditures. With one of the largest double-hull bunkering delivery fleets in the world, combined with our increasing global scale, we have enhanced Aegean's potential to generate significant operating leverage and drive future earnings growth."

SOURCE Aegean Marine Petroleum Network Inc.

[supporttheunderdog]

I know things are bad - I'm not denying the sacrifices the Greeks are making for everyone.

But why are the Greeks the only ones punished when the figures suggest others are worse perpetrators?

Tell me!

Compare the figures and tell me who else should be making sacrifices:

15. Greece: 178.9%
External debt (as % of GDP): 178.9%

Gross external debt: $546.92 billion
2011 GDP (est.): $305.6 billion

External debt per capita: $50,792

And

2. United Kingdom: 451.4%
External debt (as % of GDP): 451.4%

Gross external debt: $10.157 trillion
2011 GDP (est.): $2.250 trillion

External debt per capita: $161,110

The problem seems to be that Greece is no longer able to meet its repayment obligations while others may currently be able to do so, and that is why Greece is in the kak at this time.

[GreekIslandGirl]

At least 3 of these 10 top shipping companies are Greek.

http://www.thestreet.com/topic/25822/to ... arine.html

[GreekIslandGirl]

I know things are bad - I'm not denying the sacrifices the Greeks are making for everyone.

But why are the Greeks the only ones punished when the figures suggest others are worse perpetrators?

Tell me!

Compare the figures and tell me who else should be making sacrifices:

15. Greece: 178.9%
External debt (as % of GDP): 178.9%

Gross external debt: $546.92 billion
2011 GDP (est.): $305.6 billion

External debt per capita: $50,792

And

2. United Kingdom: 451.4%
External debt (as % of GDP): 451.4%

Gross external debt: $10.157 trillion
2011 GDP (est.): $2.250 trillion

External debt per capita: $161,110

The problem seems to be that Greece is no longer able to meet its repayment obligations while others may currently be able to do so, and that is why Greece is in the kak at this time.

Cut the crap, stud.

When have they failed to make a repayment?

(Even without printing more money like the UK does.)

[GreekIslandGirl]

Four of the 10 Best Shipping Stocks for 2012 are Greek!

NMM
NAVIOS MARITIME PARTNERS LP
85 Akti Miaouli Street
Piraeus, 185 38


SB
SAFE BULKERS INC
32 Avenue Karamanli
16605 Voula
Athens, J3 16605



NM
NAVIOS MARITIME HOLDINGS INC
85 Akti Miaouli Street
Piraeus, 185 38


DSX
DIANA SHIPPING INC
Pendelis 16, Palaio Faliro
175 64 Palaio Faliro
Athens, 175 54

[Bananiot]

Yeah, you and Aristotle are millionaires.

Now, for one moment, pretend that it was Turkey that was in the dire economic situation. I can just imagine you having a ball. Childishly stupid really.