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Greece warned of public finances collapse

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Re: Greece warned of public finances collapse

Postby Viewpoint » Mon May 28, 2012 11:08 pm

Who was it that not so long ago claimed Greeces economy was far better than Turkeys, Kiakapoo me thinks.
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Re: Greece warned of public finances collapse

Postby boomerang » Tue May 29, 2012 1:41 am

kimon you sound like a kid that loses his marrbes goes home and cries to his mommy, blaming others for taking them from him....hides the fact he lost them fair and square in a game...

what you say about holding the lenders as responciple as the borrower is ludicrous to say the least...the reason greece went for loans is because she screwed up in the first place...had greece introduced her own austrerity, read trim an overloaded public sector, overhauling the pensions, and collecting tax, she wouldn't be in this position...she failed to introduce changes, changes to day that are forced on her...

as i said today the greek future is in the hands of the greeks...the buck stops here...lets see if they chose wisely...early indications today puts a major party marginally ahead of syriza...

another point is 2 clans have ruled greece the last 50 years, equally with corrupt mentality...

syriza is blackmailing the eurozone as it seems, but somehow the euroze isn't budging...austerity or exit...

your other point about the oil business...it could well be oil down there, extraction won't be coming in the near future...in the mean time greece needs changes and money today...
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Re: Greece warned of public finances collapse

Postby B25 » Tue May 29, 2012 8:34 am

Boomers mate, give it a rest, the country is already on fire and the average man and his family are suffering big time through no real fault of their own. You do not need to keep pissing fuel onto them.

At the end of the day, whatever they did wrong, they are suffering for it now. I cannot be easy to lose your country, dignity and future just like that.

You have trolled the net for just about every piece of crap on Greece to get one over on GIG and Kimon, your point is noted, but when all is said and done on this CF, we are talking about real people, women, children erderly people that need help, our help.

Parata na tous xezis popano file, kame enan eleos.

Your efforts would be better spent against our more immedaite foe on our door step, Turkey.

Cheers
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Re: Greece warned of public finances collapse

Postby Viewpoint » Tue May 29, 2012 9:15 am

B25 wrote:Boomers mate, give it a rest, the country is already on fire and the average man and his family are suffering big time through no real fault of their own. You do not need to keep pissing fuel onto them.

At the end of the day, whatever they did wrong, they are suffering for it now. I cannot be easy to lose your country, dignity and future just like that.

You have trolled the net for just about every piece of crap on Greece to get one over on GIG and Kimon, your point is noted, but when all is said and done on this CF, we are talking about real people, women, children erderly people that need help, our help.

Parata na tous xezis popano file, kame enan eleos.

Your efforts would be better spent against our more immedaite foe on our door step, Turkey.

Cheers


Whats the difference between what you do and what he has done, you are a hypocrite.
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Re: Greece warned of public finances collapse

Postby Kikapu » Tue May 29, 2012 9:52 am

Viewpoint wrote:Who was it that not so long ago claimed Greeces economy was far better than Turkeys, Kiakapoo me thinks.


Actually, it was the S&P rating agency! :lol:

I was in Turkey last week for a week and talking to people about the economy, the are not convinced that the Turkish economy is that great. Your average Turk is barely keeping their heads above water. If it wasn't for the family support structures that is cultured into the Turkish society, many would actually drown under financial tsunami. It is no longer as cheap to visit Turkey. Many things are European prices in fact, while the income level on average in Turkey is 3-5 times less than the rest of Europe. The Turkish society are forced to spend more than they actually earn, and the only way to afford these things, is to take on debt. The government is taxing the people more and more in anyway they can. For the people, to even take a vacation within Turkey, most can only do so by making a monthly payment for their vacation spread over 12 months interest free, until of course they miss a payment, in which case they will be hit with a hefty penalty. This method is used for almost anything the Turks purchase today. Even if they can afford to pay the full amount, they are encouraged to pay over 12 months, just so that they will have money in their hands to commit themselves in buying other things. This is how the Turkish economy is "growing", by people making purchases on "interest free" credit basically, a "bait & hook" system that will bankrupt the nation in the future. Erdogan and Gang are using every method to get the Turks to spend, even with the money they do not have, in order to show some "growth" in the economy for brownie points. Now I can see why the S&P dropped Turkey's rating a little recently, because it is becoming fast a "false economy" in Turkey. Latest figures show for the last quarter for home sales as 20% down overall. Some places down as much as 50%. Many empty building and houses in Ankara's suburbs alone.
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Re: Greece warned of public finances collapse

Postby cyprusgrump » Tue May 29, 2012 10:01 am

Kikapu wrote:
Viewpoint wrote:Who was it that not so long ago claimed Greeces economy was far better than Turkeys, Kiakapoo me thinks.


Actually, it was the S&P rating agency! :lol:

I was in Turkey last week for a week and talking to people about the economy, the are not convinced that the Turkish economy is that great. Your average Turk is barely keeping their heads above water. If it wasn't for the family support structures that is cultured into the Turkish society, many would actually drown under financial tsunami. It is no longer as cheap to visit Turkey. Many things are European prices in fact, while the income level on average in Turkey is 3-5 times less than the rest of Europe. The Turkish society are forced to spend more than they actually earn, and the only way to afford these things, is to take on debt. The government is taxing the people more and more in anyway they can. For the people, to even take a vacation within Turkey, most can only do so by making a monthly payment for their vacation spread over 12 months interest free, until of course they miss a payment, in which case they will be hit with a hefty penalty. This method is used for almost anything the Turks purchase today. Even if they can afford to pay the full amount, they are encouraged to pay over 12 months, just so that they will have money in their hands to commit themselves in buying other things. This is how the Turkish economy is "growing", by people making purchases on "interest free" credit basically, a "bait & hook" system that will bankrupt the nation in the future. Erdogan and Gang are using every method to get the Turks to spend, even with the money they do not have, in order to show some "growth" in the economy for brownie points. Now I can see why the S&P dropped Turkey's rating a little recently, because it is becoming fast a "false economy" in Turkey. Latest figures show for the last quarter for home sales as 20% down overall. Some places down as much as 50%. Many empty building and houses in Ankara's suburbs alone.


From S&P
Greece CC/Negative/C CC/Negative/C 4 AAA*
Turkey BBB-/Positive/A-3 BB/Positive/B 3 BBB-
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Re: Greece warned of public finances collapse

Postby B25 » Tue May 29, 2012 10:13 am

Viewpoint wrote:
B25 wrote:Boomers mate, give it a rest, the country is already on fire and the average man and his family are suffering big time through no real fault of their own. You do not need to keep pissing fuel onto them.

At the end of the day, whatever they did wrong, they are suffering for it now. I cannot be easy to lose your country, dignity and future just like that.

You have trolled the net for just about every piece of crap on Greece to get one over on GIG and Kimon, your point is noted, but when all is said and done on this CF, we are talking about real people, women, children erderly people that need help, our help.

Parata na tous xezis popano file, kame enan eleos.

Your efforts would be better spent against our more immedaite foe on our door step, Turkey.

Cheers


Whats the difference between what you do and what he has done, you are a hypocrite.

You are an idiot, Greece has not invaded and holding my country like you dogs are. Simple, only you are too F stupid to see it.
period.
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Re: Greece warned of public finances collapse

Postby CBBB » Tue May 29, 2012 10:17 am

B25 wrote:
Viewpoint wrote:
B25 wrote:Boomers mate, give it a rest, the country is already on fire and the average man and his family are suffering big time through no real fault of their own. You do not need to keep pissing fuel onto them.

At the end of the day, whatever they did wrong, they are suffering for it now. I cannot be easy to lose your country, dignity and future just like that.

You have trolled the net for just about every piece of crap on Greece to get one over on GIG and Kimon, your point is noted, but when all is said and done on this CF, we are talking about real people, women, children erderly people that need help, our help.

Parata na tous xezis popano file, kame enan eleos.

Your efforts would be better spent against our more immedaite foe on our door step, Turkey.

Cheers


Whats the difference between what you do and what he has done, you are a hypocrite.

You are an idiot, Greece has not invaded and holding my country like you dogs are. Simple, only you are too F stupid to see it.
period.


Unfortunately although VP only has one period a month, it lasts for 28 days!
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Re: Greece warned of public finances collapse

Postby kimon07 » Tue May 29, 2012 10:42 am

Kikapu wrote:
Viewpoint wrote:Who was it that not so long ago claimed Greeces economy was far better than Turkeys, Kiakapoo me thinks.


Actually, it was the S&P rating agency! :lol:

I was in Turkey last week for a week and talking to people about the economy, the are not convinced that the Turkish economy is that great. Your average Turk is barely keeping their heads above water. If it wasn't for the family support structures that is cultured into the Turkish society, many would actually drown under financial tsunami. It is no longer as cheap to visit Turkey. Many things are European prices in fact, while the income level on average in Turkey is 3-5 times less than the rest of Europe. The Turkish society are forced to spend more than they actually earn, and the only way to afford these things, is to take on debt. The government is taxing the people more and more in anyway they can. For the people, to even take a vacation within Turkey, most can only do so by making a monthly payment for their vacation spread over 12 months interest free, until of course they miss a payment, in which case they will be hit with a hefty penalty. This method is used for almost anything the Turks purchase today. Even if they can afford to pay the full amount, they are encouraged to pay over 12 months, just so that they will have money in their hands to commit themselves in buying other things. This is how the Turkish economy is "growing", by people making purchases on "interest free" credit basically, a "bait & hook" system that will bankrupt the nation in the future. Erdogan and Gang are using every method to get the Turks to spend, even with the money they do not have, in order to show some "growth" in the economy for brownie points. Now I can see why the S&P dropped Turkey's rating a little recently, because it is becoming fast a "false economy" in Turkey. Latest figures show for the last quarter for home sales as 20% down overall. Some places down as much as 50%. Many empty building and houses in Ankara's suburbs alone.


All that reminds me of what the Greek governments of Costas Simitis did to the Greeks after the collapse of the Stock Market in 1999 till 2004. Because most middle class people had lost their savings having been trapped into the Stock Market by the government itself, the banks started offering "consumer" loans to everyone even through phone calls, no collateral. Loans to buy cars, loans to finance the studies of their children, loans for summer vacation, loans for Easter and Christmas vacations etc, etc. Not to mention of the credit cards being offered generously.

Greek people, trying to keep up with the standard of living they had prior to the loss of their savings took the bate of the loans and the cards trusting what those governments were telling them that the situation would surely improve soon etc. And it was not only for consumption of for pleasure that they got into the heavy debts. It was also for necessities such as, to finance studies, as I mentioned before, medical care and even basic costs of living.
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Re: Greece warned of public finances collapse

Postby boomerang » Tue May 29, 2012 11:03 am

B25 wrote:Boomers mate, give it a rest, the country is already on fire and the average man and his family are suffering big time through no real fault of their own. You do not need to keep pissing fuel onto them.

At the end of the day, whatever they did wrong, they are suffering for it now. I cannot be easy to lose your country, dignity and future just like that.

You have trolled the net for just about every piece of crap on Greece to get one over on GIG and Kimon, your point is noted, but when all is said and done on this CF, we are talking about real people, women, children erderly people that need help, our help.

Parata na tous xezis popano file, kame enan eleos.

Your efforts would be better spent against our more immedaite foe on our door step, Turkey.

Cheers


first of all i think of my own people >200,000 of them refugges, country split and all we have is to thank greece our so called brothers for not even opening the cyprus file and admiting guilt...have they ever apologised?...

secondly they screwed us again with the loans, knowing they couldn't pay back...they could have warned us rather than taking us down the gurgler...my people, my country are sufferning today from the actions of the "motherland" yet AGAIN...

I consider greece and turkey equal public enemies of cyprus...one wouldn't go without the other...

on top of that we have to hear constipated theories, excuses for the greek default..i say fuck them, they dug the hole let them fall in....not saying the every day joe is guilty but not like it wasn't us it was the junta excuses, today the whole population voted for these morons in govenment willingly...corrupted bastards...

i hate the smell of bullshit first thing in the morning and when kimon and the mad cow come marching in i will be pissing on their parade...all day, every day...and twice on a sunday...

take it or leave it my friend...
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