Greece ?????????

squod wrote: »

No one cares.

i do

Greece me up woman!!!!

MrStuffins wrote: »

Feckin' Greeks.

They invented gayness!

No, that was the French.

Greece have 11 million people, maybe 5 million workers so it works out at 100 billion per million workers, which is 100 million per thousand or 100,000 per worker.

That seems like a lot as in just too much but it really only is in the context of high interest rates. Lets say we could magic wand it to 3%. The each worker pays 3,000 per year to pay back the debt.

Take into account industry pays a fair percentage and then that would fall lower.

Right now though Greece has the problem that too many workers are state employed so its more like 6000 per worker and industry is not making profit cause there is a recession.

Okay so we are back to square 1 and all is bad again. Well not quite. Greece does have wealthy folks that are not paying a fair share. Greece is cutting costs but it takes time to do so. Greece has a private sector that are working for less every year making them more competitive.

Slow process to get them back to fighting form, but its still doable. Next year they will spend less than they take in before paying interest. This is a good start. Next the global recovery has been stalling but its not surprising given the overshoot before the recession. There is a maximum of 14 months till profit will help regain confidence but its more like to happen in May to October.

Greece will pay off their debt though it will take them about 20 years before they can again expand it.

Politically Greece joined the Euro in 2002 and since then were left to spend as they pleased increasing inflation and making the rich, richer and most Greeks feeling the pinch. Were was the EU? Making money of the back of it while European banks unwisely invested in a socialist government led economy. Those banks should take a hit to stop them doing it again but at the same time Greece has to pay for its own mistakes. Just like we do, but I hope we can pay our debts and learn from our mistakes which ultimately we knew we were making.

Melanoma wrote: »

learn from our mistakes which ultimately we knew we were making.

whats this we stuff?
I didnt take out a big mortgage or buy a big fancy car or any of the other ****e that got us in the EUge mess we are in but me and my kids will pay for it for years!
WE should be left out of it!
our bankers should be locked up but still get 175K a year WTF!
the EU can go FEUK off IMO..
we should imprison all the fukkers that left us in this mess and either go independent or dare I say it team up with the UK but this time on a mutual level!
the EU just want us all to be drones..
the world was a much better place before they took a strong hold on us!
I just hope people realize we are only a toweless shower away from the next reich!

F EU!