Eurodebt
05-12-2010, 04:55 AM
#21
Retired
Joined APC: Feb 2008
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Posts: 3,527
Originally Posted by olympic
Do you really believe this is the problem in Europe or specifically Greece? I hope not ... unless you really believe Obama is a socialist, then i'll pass on this topic.
,Greece as well as other countries are facing the fact that problems arise when you spend more than you take in and this was predicted long ago and yet nothing was done to mitigate the circumstances which some find themselves .You can go back to the trough only so many times before it dries up.
05-12-2010, 05:18 AM
#22
Gets Weekends Off
Joined APC: Jan 2008
Position: 747
Posts: 731
Originally Posted by jungle
Got it, if I run my credit cards up to the point I can no longer pay them, it's the banks fault.
Eventually we get to the present position of the bankrupt bailing out the insolvent. Not picking on Greece, we seem to be seeing a lot of this all over the world.
Just two words, and I know it may sound crazy: fiscal responsibility.
I really don't care how they spend it, what is really important is how much.
A lesson we are all going to learn eventually.
Eventually we get to the present position of the bankrupt bailing out the insolvent. Not picking on Greece, we seem to be seeing a lot of this all over the world.
Just two words, and I know it may sound crazy: fiscal responsibility.
I really don't care how they spend it, what is really important is how much.
A lesson we are all going to learn eventually.
So banks and all these so called financial institutions have no responsibility? Blame the people? Common now who are we kidding? The first chance they get they are giving out loans and credit cards. Why do you think governments around the world have problems with indigenous people? And the answer is that they the people are useless to the markets because they don't buy or sell, they don't have bank accounts, credit cards.
Fiscal responsibility is nothing crazy, but since when do credit card companies want you to pay everything on time and upfront? I am sure they don't have a problem getting the fees that come with not paying on time
Just for your information, Greeks didn't know what a credit card was until the mid 2000s, so the so called run up credit cards is not feasible for Greece. Politicians have corrupted the country by actual being anti-socialist and inflating the public sector to get votes and steal as much money as possible.
The EU kept giving Greece loans, 1st loan money was stolen, 2nd loan stolen, 3rd loan stolen and now they decide to ask for the money back when they are well aware of the situation in Greece, go figure .. and unfortunately now the people of Greece will need to suffer and pay for the naive EU and the corrupt politicians of Greece. Doesn't seem fair to me ...
We have all seen what the IMF+World Bank have done to these small third world countries, and I am afraid that the same will happen in Greece. Loan huge amounts of money that will NEVER be able to be paid back, and them knowing this asking things from Greece, either that be military or drilling for oil under the Aegean Sea ... time will tell.
05-12-2010, 06:03 AM
#23
With The Resistance
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Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
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There is going to be plenty of finger pointing over the next few years.
Bankers, capitalists, the IMF and a host of others, but the real culprit will be the ones who thought they might get something for nothing.
Many of us can look in the mirror and see who is to blame. Although I doubt there will be any admission of guilt.
As we say over here:" You $%^&#! up, you trusted them!"
Bankers, capitalists, the IMF and a host of others, but the real culprit will be the ones who thought they might get something for nothing.
Many of us can look in the mirror and see who is to blame. Although I doubt there will be any admission of guilt.
As we say over here:" You $%^&#! up, you trusted them!"
05-12-2010, 06:37 AM
#24
Gets Weekends Off
Joined APC: Jan 2008
Position: 747
Posts: 731
Originally Posted by jungle
There is going to be plenty of finger pointing over the next few years.
Bankers, capitalists, the IMF and a host of others, but the real culprit will be the ones who thought they might get something for nothing.
Many of us can look in the mirror and see who is to blame. Although I doubt there will be any admission of guilt.
As we say over here:" You $%^&#! up, you trusted them!"
Bankers, capitalists, the IMF and a host of others, but the real culprit will be the ones who thought they might get something for nothing.
Many of us can look in the mirror and see who is to blame. Although I doubt there will be any admission of guilt.
As we say over here:" You $%^&#! up, you trusted them!"
When I lived in the USA(still part time) I never had problems paying taxes if it went to people in need or social programs, of course I understand that some of this money will go to people who don't want to work and who deliberately use the system to get free things. I can see where your coming from ... but you must understand that your beef is a small percentage of what is going on with the banking and financial problems of the world.
The markets aren't crashing around the world because you have a percentage of people who are getting something for nothing. Corporate Greed, political corruption are the real culprits in my honest opinion and having lived in both a capitalistic society and socialist society I have a lot to compare. We as pilots should understand what it means to get screwed by corporate puppets, we have management trying to screw us any chance they get, and were the top producing work force in any airline
Bottom line and I think we all agree .. EVERYONE SHOULD LEARN TO LIVE WITHIN THEIR MEANS...AND CORRUPT POLITICIANS SHOULD GO TO JAIL
Last edited by olympic; 05-12-2010 at 07:02 AM.
05-12-2010, 07:10 AM
#25
With The Resistance
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Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
We have another expression here: "The dog ate my homework."
It implies a complete refusal to accept responsibility, even to the point of blaming the loyal family dog. Not uncommon and I expect to see it, but lower spending is going to be the only thing that will work. We are all going to have to live within our means. Spending must be limited by law to stop the excess.
Best of luck to you and Greece in the coming years.
It implies a complete refusal to accept responsibility, even to the point of blaming the loyal family dog. Not uncommon and I expect to see it, but lower spending is going to be the only thing that will work. We are all going to have to live within our means. Spending must be limited by law to stop the excess.
Best of luck to you and Greece in the coming years.
05-12-2010, 11:06 PM
#26
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Joined APC: Jan 2008
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Posts: 731
Part of the problem in Greece is the refusal for a lot of people to accept responsibility, agreed. But it's not the biggest issue regarding the economy.
Thanks, it's a shame for such a beautiful country to be in the mess it's in ... Greece has hit bottom, only was is up now? I hope ...
Thanks, it's a shame for such a beautiful country to be in the mess it's in ... Greece has hit bottom, only was is up now? I hope ...
