An explanation of Greece's financial crisis.

[quiteafewtubes]

Investors have not attacked the euro, they have taken a good look at the viability of some of the eurozone countries, have decided that they are risky investments, and are charging high interest rates on the on any eurozone government zone bonds that they buy to compensate for this risk.

It's no different to buying insurance, if you are a high risk you pay a higher insurance premium.

[bobb22ful]

what happened to greece is called SOCIALISM!this sense of entitlement to other people's money and Riot if they don't pay up.what ever happened to self reliance and a strong work ethic?how about we all drop the socialist life style and live with in it's means?giving people free money and teaching people to expect free,free,free everything from the state is wrong.wealth is made by hard work and risk,not theft via wealth redistribution.bernie madoff and wall street bankers all socialists scumbags!

[ApaleutosMits]

@bobb22ful Greek crisis is fake..And Greek dept is not because helping the weaks,but from corruption and the dirty governments you need in usa and europe..i am sure you know maths..

1.Germany must pay to Greece 160 billion euros from WW2(wtf)

2.2000 Greece adopts euro,Greek dept 150 billion euros

3.2009 beggining of 'crisis',Greek dept 300 billion euros,European 'help' starts

4.2011 Greek dept about 500 billion e AFTER the controlled bankrupt

5.2020 Greek dept will be the same in 2009

??????????

[ApaleutosMits]

@ApaleutosMits So,what the fuck is going in my country?why europe and imf made this traitor papandreou to sign that greece quit from its national sovereignty,why we should sell our telephone company which has invested in balkans and middle east,our national power company with profits in 2009 400 million euros?Last years,research prooves south of Crete,in Greek teritory there is natural gas enough for the european needs for the next 100 years..

Greece is under financial occupation.OUT OF EURO NOW

[bobb22ful]

@ApaleutosMits yes,I know math,but if I have any trouble ,I can always ask my daughter,she has an MBA! greece has no real source of money other than tourism. 30% of greeks are on the dole,30% are public sector employees and the rest of the greek public have to support the rest.as soon as we figure out just who played this ponzi scam the sooner we can cure these ecocomic Ills.these wall street bankers are mostly jews but all of them are left wing,socialists that want to crush capltalism!

[ApaleutosMits]

@bobb22ful Imagine that your country pay the industries to leave,to go to another country..that happened in previous years..Greece had great clothing industry moved to other balkan countries by Greek government money.unemployment in towns on the north at 50%..Isn't it inshane?Greek farming is dead,EU pays the farmers not to farming,and they import cheapper products with no taxes..Free trade in Eurozone killed Greek production..corrupt politician system destroyed the country..

[ApaleutosMits]

EU is a disaster for the nationstates..Greece don't have the right to manage its farming production,with euro don't have economic independence,no taxes for the eu imports,no immigration policy,every ilegal immigrant who travel to europe stack here..11m Greeks,more than 2m immigrants most of them illegal and we can't send them back,next target is the army,unemploement in Greece now is about 17%..It is a mess my friend,i don't believe this is just happened,europe want to control greece