Cyprus-Forum.com

[Hermes]

the latest news is that according to some reports Greece is likely to run out of money in about a month (20th August according to UK estimates) and a Euro exit is increasingly on the cards.

http://www.telegraph.co.uk/finance/fina ... st-20.html
http://www.guardian.co.uk/business/2012 ... s-heighten

Well the EU and the Germans had better cough up or they'll be having to bail out Spain next. Remember Spain?

[supporttheunderdog]

I have not forgotton Spain or Italy but there is Eurozone mess thread for them.

[Hermes]

I have not forgotton Spain or Italy but there is Eurozone mess thread for them.

Greece is in the eurozone in case you hadn't noticed. There is only one mess. A Eurozone mess. It is incorrect to focus on Greece when similar problems exist in more than half the eurozone. This is not a simple matter of profligate spending by southern governments (as the Germans would have it). There is something rotten in the foundations of Europe; something that shows up first in places like Greece, Portugal and Ireland.

[Viewpoint]

I have not forgotton Spain or Italy but there is Eurozone mess thread for them.

Greece is in the eurozone in case you hadn't noticed. There is only one mess. A Eurozone mess. It is incorrect to focus on Greece when similar problems exist in more than half the eurozone. This is not a simple matter of profligate spending by southern governments (as the Germans would have it). There is something rotten in the foundations of Europe; something that shows up first in places like Greece, Portugal and Ireland.

They cooked the books and are now in the shit...what was it you stupidos were saying that Greece has a great and thriving economy duhhhhh wrong.

[Hermes]

They cooked the books and are now in the shit...what was it you stupidos were saying that Greece has a great and thriving economy duhhhhh wrong.

Doh! VP strikes again with his mastery of modern economics! Please explain to us your theory on the systemic nature of this crisis, VP.

Do you think there are common factors at play? Or is it just a coincidence that Portugal, Ireland, Spain, Greece and Italy are all caught AT THE SAME TIME in a spiral of debt, deflation and negative investment?

[Viewpoint]

They cooked the books and are now in the shit...what was it you stupidos were saying that Greece has a great and thriving economy duhhhhh wrong.

Doh! VP strikes again with his mastery of modern economics! Please explain to us your theory on the systemic nature of this crisis, VP.

Do you think there are common factors at play? Or is it just a coincidence that Portugal, Ireland, Spain, Greece and Italy are all caught AT THE SAME TIME in a spiral of debt, deflation and negative investment?

The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.

[Hermes]

The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.

Doh! VP strikes again!

Sorry but Greece’s deficit when it joined the European Monetary Union in 1999 MET the 3 percent target:

http://www.ekathimerini.com/4dcgi/_w_ar ... 011_416649

And Greece's use of EU structural funds over 30 years was a modest 78 billion which went mainly on much-needed infrastructure projects. As well as as the construction of Athens Airport and the city’s metro system.

So don't let the facts get in the way of posting your usual bullshit, VP. It's never stopped you before. Why break the habit of a lifetime?

[dinos]

The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.

Doh! VP strikes again!

Sorry but Greece’s deficit when it joined the European Monetary Union in 1999 MET the 3 percent target:

http://www.ekathimerini.com/4dcgi/_w_ar ... 011_416649

And Greece's use of EU structural funds over 30 years was a modest 78 billion which went mainly on much-needed infrastructure projects. As well as as the construction of Athens Airport and the city’s metro system.

So don't let the facts get in the way of posting your usual bullshit, VP. It's never stopped you before. Why break the habit of a lifetime?

Well, VP was right; let's not take that away from him. A broken clock is consistently right twice a day though; I think it really ends there.

[Viewpoint]

The already ailing economy was painted rosey and sold to the Eu as meeting all the criteria necessary to enter the Euro zone. The followed years of sucking the EU of funds as one of the biggest takers only to find out that the funds were mishandled in fictitious and over blown projects which never materialized to stimulate a dieing economy. Now they are up the swany without a paddle.

Doh! VP strikes again!

Sorry but Greece’s deficit when it joined the European Monetary Union in 1999 MET the 3 percent target:

http://www.ekathimerini.com/4dcgi/_w_ar ... 011_416649

And Greece's use of EU structural funds over 30 years was a modest 78 billion which went mainly on much-needed infrastructure projects. As well as as the construction of Athens Airport and the city’s metro system.

So don't let the facts get in the way of posting your usual bullshit, VP. It's never stopped you before. Why break the habit of a lifetime?

Tell that to the Germans....I dont think people will take you seriously Greece is bankrucpt and soon you will be as well...I predeicted this many moons ago plus the few honest GCs are also saying the same.

Read and weep, the title tells you everything... http://biz.thestar.com.my/news/story.as ... c=business

[kimon07]

Well, VP was right; let's not take that away from him. A broken clock is consistently right twice a day though; I think it really ends there.

How very accurate a description of VP and his likes. They keep coming back with exactly the same trash every couple of months or so. An d they give us the chance to ridicule them over and over again. Boring.