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Old 06-29-2011, 07:33 PM   #16
etze
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almost 12 hours non-stop rioting outside greek parliament today.
there are still some thousands of people there at Syntagma square
tomorrow morning there will be more mobilizations
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Old 06-29-2011, 09:09 PM   #17
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Turns out that the euro was not a good idea, eh?
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Old 06-29-2011, 09:17 PM   #18
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Turns out that the euro was not a good idea, eh?
What gives you that idea?
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Old 06-29-2011, 09:49 PM   #19
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What gives you that idea?

in a situation like this it would behoove the greeks to devalue their currency. but the fact that it is uniformly tied to most of the european union with the euro it is unable to do so.
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Old 06-29-2011, 09:57 PM   #20
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mannnn fuck Greece

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Old 06-29-2011, 10:49 PM   #21
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What gives you that idea?



Over the past decade, Greece took full advantage of a strong euro and rock-bottom interest rates to fuel a debt binge by the country’s consumers and its government. Now, if Greece can’t persuade investors to buy 53 billion euros of its government debt this year, it may have to seek a bailout from its European Union brethren or the International Monetary Fund — or, worse, to default.

The stakes are high not just for Greece but for the entire euro zone, where efforts to forge a common economic identity are threatened by the financial crisis.


From the 4th paragraph:

http://www.nytimes.com/2010/02/07/bu.../07greece.html







Other ish:

The French bank's warning was echoed by Mats Persson, Director of the Open Europe think-tank, which campaigns for reforms in Brussels.
He said: 'The eurozone is facing a fully-fledged crisis. The Greece episode has made it painfully clear how flawed the euro project was from the very beginning....



...Countries that are highly uncompetitive are normally able to slash interest rates and devalue their currencies to prop up their economies.
But this is not possible within the euro, given its one-size-fits-all economic governance.

The implication is that weak, peripheral eurozone members will have to suffer years of painful deflation and tumbling living standards, as well as draconian budget cuts, in order to adjust....






http://www.dailymail.co.uk/news/arti...ro-crisis.html
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Old 06-29-2011, 11:06 PM   #22
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US IS WiNNING
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Old 06-29-2011, 11:35 PM   #23
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mannnn fuck Greece

do you think he owns a mirror? and proceeds to look at it, and says "im looking fly today son".
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The earth is a very small stage in a vast cosmic arena. Think of the rivers of blood spilled by all those generals and emperors so that in glory and in triumph they could become the momentary masters of a fraction of a dot.

People are too stupid to effectively conspire to do anything, but not too stupid to come up with conspiracy theories.
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Old 06-29-2011, 11:39 PM   #24
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absolutely


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you dont want me coming around dressed in black homie
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Old 06-30-2011, 12:05 AM   #25
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shit is real out there
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Old 06-30-2011, 12:21 AM   #26
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__________________




Quote:
Originally Posted by Tony Bandana View Post
you dont want me coming around dressed in black homie
Quote:
Originally Posted by TSA View Post
Honestly dude, this is why I want to go to hell. Hell is crackin.
Quote:
Originally Posted by Crump Diddy View Post
Did I scare you?

Last edited by EAGLE EYE; 06-30-2011 at 11:06 PM.
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Old 06-30-2011, 04:39 AM   #27
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Quote:
Originally Posted by FMJ View Post
Over the past decade, Greece took full advantage of a strong euro and rock-bottom interest rates to fuel a debt binge by the country’s consumers and its government. Now, if Greece can’t persuade investors to buy 53 billion euros of its government debt this year, it may have to seek a bailout from its European Union brethren or the International Monetary Fund — or, worse, to default.

The stakes are high not just for Greece but for the entire euro zone, where efforts to forge a common economic identity are threatened by the financial crisis.


From the 4th paragraph:

http://www.nytimes.com/2010/02/07/bu.../07greece.html






Other ish:

The French bank's warning was echoed by Mats Persson, Director of the Open Europe think-tank, which campaigns for reforms in Brussels.
He said: 'The eurozone is facing a fully-fledged crisis. The Greece episode has made it painfully clear how flawed the euro project was from the very beginning....



...Countries that are highly uncompetitive are normally able to slash interest rates and devalue their currencies to prop up their economies.
But this is not possible within the euro, given its one-size-fits-all economic governance.

The implication is that weak, peripheral eurozone members will have to suffer years of painful deflation and tumbling living standards, as well as draconian budget cuts, in order to adjust....






http://www.dailymail.co.uk/news/arti...ro-crisis.html
Didn't California go broke last year as well?
California is more important to the dollar than greece to the euro.
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Old 06-30-2011, 06:19 AM   #28
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Originally Posted by Robbie Sinclair View Post
mannnn fuck Greece

Wouldn't survive a day in greek riots.
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Old 06-30-2011, 08:25 AM   #29
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US IS WiNNING
You realize our debt crisis is even worse proportionately let alone in size right? That we've got weeks until the country defaults on our debt because they spend too much on stupid shit no one wants and don't tax enough (or on the side or reason knock that shit off) to keep us afloat.

We're about to have a world collapse that will dwarf the great depression unless Obama can get congress to raise taxes significantly and cut spending.

Personally I'm hoping for a collapse followed by a civil war. Then I'll be on my fine way to New Zealand to ride this shit out and herd sheep until this shit blows over.
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Old 06-30-2011, 11:28 AM   #30
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