Greek Bailout Going Well

The Hill Billy

According to RTE News Greece is saying that their "financial bailout is going well." That is much like an alcoholic saying "those pints are settling nicely!"

Enjoy Stavros! At least you've got a decent summer to look forward to.

Ali Babba

We'll see how well it goes when they get f**ked out of the EU........

CreepingDeath

It's the Greek financial trojan horse, set to destroy the EU.
History is repeating itself.

Agent J

Well we are the country with the biggest GDP debt ratio.

Wouldnt go throwing stones at the Greeks.

Michael B

Agent J wrote: »

Well we are the country with the biggest GDP debt ratio.

Wouldnt go throwing stones at the Greeks.

No, instead we're throwing money that we don't have enough of for our own country at them :rolleyes:

Ali Babba

Agent J wrote: »

Well we are the country with the biggest GDP debt ratio.

Wouldnt go throwing stones at the Greeks.

We may well be at the moment but the Greeks lied their way into the EU.

Donkey Oaty

Ali Babba wrote: »

We may well be at the moment but the Greeks lied their way into the EU.

Back in their application in the 1970s? Tell us more...

cson

Michael B wrote: »

No, instead we're throwing money that we don't have enough of for our own country at them :rolleyes:

Ah sure whats another 400m in the grand scheme of things

Agricola

cson wrote: »

Ah sure whats another 400m in the grand scheme of things

Yeah. I think its "manageable"! :pac:

Anita Blow

Michael B wrote: »

No, instead we're throwing money that we don't have enough of for our own country at them :rolleyes:

Are we not making money from this?
We borrow the money at whatever % we are borrowing now, well below what Greece is paying and below 5% but Greece is borrowing the money from us at 5%.
This costs us nothing. It's just a solidarity thing the governments of the EU love so much. Plus it covers our asses if we ever need a bailout (although unlikely now)

cson

Anita Blow wrote: »

Plus it covers our asses if we ever need a bailout (although unlikely now)

LOL. :pac:

That is all.

Mark200

Donkey Oaty wrote: »

Back in their application in the 1970s? Tell us more...

They joined in 1981. They covered up the state of their finances and made things look better than they were.

It was also said that Anglo Irish Bank (or some sort of extension of it) was involved in helping Greece cover it up.

I believe that's why the Greek crisis came on so suddenly - once everyone realised that things were far worse than they thought.

The Hill Billy

Mark200 wrote: »

They joined in 1981. They covered up the state of their finances and made things look better than they were.

It was also said that Anglo Irish Bank (or some sort of extension of it) was involved in helping Greece cover it up.

I believe that's why the Greek crisis came on so suddenly - once everyone realised that things were far worse than they thought.

Onh yeah! 5 grosse hellas, an unrememberable amount of G&Ts and whiskey makes for the start of a good thread.

The Hill Billy

Hill Billy wrote: »

Onh yeah! 5 grosse hellas, an unrememberable amount of G&Ts and whiskey makes for the start of a good thread.

Forgot to mention that David Drumm is an old school pal of mine.

Nice lad is David.

PK2008

It would be cool if one of the newspapers used the 'Greek Tragedy' pun...

ejmaztec

PK2008 wrote: »

It would be cool if one of the newspapers used the 'Greek Tragedy' pun...

I think they thought about "Tragedy", but then went with "Monumental Greek Fuck-up".

brianthebard

Mark200 wrote: »

They joined in 1981. They covered up the state of their finances and made things look better than they were.

It was also said that Anglo Irish Bank (or some sort of extension of it) was involved in helping Greece cover it up.

I believe that's why the Greek crisis came on so suddenly - once everyone realised that things were far worse than they thought.

I read somewhere (think Newsweek) that both Greece and Italy have been declaring some black market income as legitimate income (either by legalising or just 'creative accounting') for a while now, which staved off the inevitable for a while, but obviously it was too much. In fairness, I imagine the Olympics didn't help either, and really there's just loads of factors in the Greek case which have been bearing down on them for years now that finally became too much to manage imo.

galwayrush

It's going as well as any Greek Tragedy,:rolleyes:

Anita Blow

cson wrote: »

LOL. :pac:

That is all.

Great. I'll come back at the end of the year for an "I told you so" moment

Guess you were one of the ones at the start of 2009 saying the IMF would be in by the end of the year?

pickarooney

Hopefully some wag will trot out a variation on "Acropolis Now" and we'll be sorted for LOLs and ting.

Son Of A Vidic

That's Greece sorted then, hopefully we're next.

kraggy

pickarooney wrote: »

Hopefully some wag will trot out a variation on "Acropolis Now" and we'll be sorted for LOLs and ting.

Poor Greeks.

Going bankrupt is like bein Rhode above on Cyprus Hill.

Jumpy

pickarooney wrote: »

Hopefully some wag will trot out a variation on "Acropolis Now" and we'll be sorted for LOLs and ting.

Its been a show in Australia for many, many years.

http://www.devoteddvd.com.au/aiimages/lrg_DVANOWS2.jpg

Not on anymore, but it was very well known there.