Greece On Brink of Bankrupcy- the E.U. Bailout

[ukusapillage]

spain for exemple is being attacked its a uk american attack and ill explain spain has 60%debt to gdp and is being attacked belgium has 100%debt gdp no one even talks about belgium italy 120% debt gdp even ireland no one talks about them its a racial thing, its uk with their pseudo racial thinking attacking south, goldman sacks worked greece up corrupting them this was an ayyack on the euro its obvious to squeeze money out and end the euro

[puncyy]

greece You think you can fool the world with your lies, well now you're exposed for the piece of shit you truly are. You fake your economic reports and you fake history!!greetings from Macedonia

[5hitter]

DEATH!!! to ALL!!! politicians in Greece

[turkmanowar]

heyy whats up ??

Greece is bankrupttttt .......

[5hitter]

NO MORE LOANS TO THE POLITICIANS IN GREECE!!! The EU are equally to blame as they knew how corrupt the politicians in Greece are and they should go after the poliicians not Greece. The Greek people should not pay anything back as they have not seen anything from this money. Instead the EU should honour its land concessions promised to Greece and pay war reparations and damages from their role in Greece's losses in its war againsy Turkey in 1919-1922

[5hitter]

Greece has an opportunity of a life time to destroy the EU and the euro. Simply by staying put we are doing the EU a favour.Greece place the EU in a postion to dictate terms even though Greece has the advantage.Greece should leave the West and form military and economic alliances with the Russians and Chinese and take loans from them not the West

[atimetowork]

On your side, You're very right. Nobody wants to use devaluted money, which we had before in Turkey. But it could be seen as a normalization. A greek citizen wants to live same standarts with a french and the result is huge government debt, even more than Gdp. It is not a sustainable situation without EU funds. Anyway, i hope you overcome this difficult period as soon as possible.

[Apokorwnioths1984]

Greek debt isn't necessarily linked to the salaries of the Greeks. Public employees are just 16% of total workforce

It would be nice if this debt was converted to infrastructures for society but it was never the case either. Public spending for education and health are by far the lowest in EU, while military expenditures by far the highest

Most EU countries (and many non-EU) have high debts, but i think numbers are less important than quality of life of people.

[Spenner56]

STOP WORRYING !

All will be well when the competative,dynamic,knowledge-­based economies of Rumania and Bulgaria are joined in the EU by the economic power houses of Albania,Kosovo,Bosnia (and perhaps Turkey)...as planned by the unelected enlargement commissioner.

I'm sure they'd all love to adopt the Euro.

[atimetowork]

@lucius,

Of course, They can't devaluate their approx. 300 billion euro debt.. But through the currency devaluation, They will decrease their import and increase their export abilities. This will support production & employment in the country. In this way, They will gain the ability of payment to their debts.

[atimetowork]

So, Why the hell is America forcing China to revaluate yen ??! Because China keeps yen low-valued and gets advantage in the world trade & export... Greece should make the same thing. Only this way their economy becomes competitive and productive. To do this operation, they should leave euro zone and use their own money. Why don't you understand?? blockhead.

[Apokorwnioths1984]

Only difference Greece isn't an exporter-country like China, its import expenses are about 3 times more than its export revenues. So, at this point it would be disastrous to return to a devalued drachma.

Your anti-euro feelings there in Turkey make you see things one-dimensional, while your quality of life is very low. We don't see why the average Greek should be poorer(by devaluation) just in order to pay some thieves bankers e.g Goldman Sacks

[NorceCodine]

But the thing is that the Greek debt - 300 bill. Euro - is really a paltry sum compared to the EU operating budget.

The EU is thinking ahead and trying to avert Greece providing a legal precedent for Spain and Co.

But still, the big winner of Globalization is clearly Europe, with Germany in the center of the economy, with Eastern Europe gaining strong and surpassing countries like Spain, Portugal, Ireland and the UK.

[atimetowork]

What Greece needs is a "devaluation". There is only one way for Greece: Leave the Euro currency. Otherwise they can't devaluate their currency and it's a deadlock for Greek economy. Greece shouldn't use euro just like The UK.

[lucius1976]

Really? But you are aware that their debt is nominated in euro. If they leave it is still in euro whatever currency, probably much devalued then, they get. They may can devaluate their new money, but not their debt.

[lucius1976]

Well, good arguments. But, where is the fical coordination in the US? Think of California.

[jsmythib]

The Euro and the USD are backed by goose eggs...and we have long since BBQ'd the goose...opps

[MrSoprano0125]

£261,181,893,786 they owe

[MrSoprano0125]

Boy am I glad my country kept the british pound! We won't have to pay the EU a penny! AHAHAAHAHAHAHAHAAHAHAAHAHAHAHA­HAHA!

[stuanemma]

@MrSoprano0125 We pay the EU 46 million quid a day to be members and have very little returned to us unlike France etc.

[MrSoprano0125]

that's right. they purposely want to make us poor. Now they'll kiss our arses as we turn back and watch the EU crumble in ruins!

[stuanemma]

@MrSoprano0125 I sincerely hope this union crumbles.

[lucius1976]

Well, the UK makes most trade with the union you hate so much. Dont you think you hurt yourself as well? Seems you guys have strong masochistic tendencies.

[stuanemma]

@lucius1976 You need to read a little before commenting. My parents voted for our accession into EFTA in the 70's. EFTA is the European Free Trade Association, which we previously enjoyed membership of as do Switzerland and Norway for example.

We didn't vote for the EU, France said NO, Netherlands said NO, NO means NO. The EU employs ex soviet apparatchiks who have been put into place as our LAW MAKERS, we do not elect our law makers in EUROPE and we cannot vote them out this is communism.

[lucius1976]

The UK voted for the common market not EFTA. The common market is the predecessor of the EU. So in a sense they voted. But they can still vote to leave the EU when they choose. If your politician dont let you thats your problem. But stop whining about it for decades.

[VaZoLjIN]

@MrSoprano0125

Leave stupid greeks to die for food fuckin parasites

they need to catch the work instead of living from others money and others sweat

[VERGIS92]

@VaZoLjIN Fuck you stupid Fakedonian, you wait for greece to come and invest in your stupid country, or else you lose your jobs

[VaZoLjIN]

@VERGIS92

Is very easy invest others money.But what happens when EU stop give u cash.  STRIKES all over the greece.

[VERGIS92]

@VaZoLjIN what investment, all the people in government jobs are thickheads, they are stupid or corrupted , it's the same in every country, and I can tell by the way pension funds work when compared to private pension funds.

In fact no clever fund manager ever works for

the government, they all go to private organizations,

the strikes are non sense, these people get the highest salaries/subsidies in EU and work less, so their strikes are bullshit.

[lucius1976]

Well, better to have 11 countries who have not its hand on the printing press individually then to have 1 country who does. At least if you have long term currency stability in mind. The pound still stands very weak against the euro. That is even with all this Greece, Ireland, Spain deficits. Keep in mind that the UK deficit is just as high as the deficit of those so called PIGS.

[stuanemma]

@lucius1976 How is the Pound weak against the Euro? Anyone who can type the words 'pound euro exchange rate' into google will see that the pound is stronger than the euro. Why make things up? That is a straight lie.

The pound is weaker than it once was (but still not as weak as the euro), since we became unwilling members of the EU than it was when we were willing members of EFTA that is true. But to say that the pound is very weak against the Euro is nothing more than fanciful thinking.

[lucius1976]

Nonsence. Nominal value means nothing in currency market. If it did the yen would be crap. Strenght can only be measured in relative terms and in the value against each other over a certain timeframe. If you do that you would notice that the pound lost significantly over the years against the euro.

[stuanemma]

@lucius1976 Firstly if you are going to call nonsense then at least spell it correctly. Secondly what is nonsense? Is the pound stronger than the euro? I am not saying the pound is as strong as it once was @1.5euros for the pound. But still @1.1euros for the pound.

Which, however you try to dress it up, does not mean that the 'Pound is very weak against the euro' that's preposterous.

[VERGIS92]

@stuanemma The idiots kept the Euro high by raising rates, this hurt the eurozone and slowed down the recovery from the recession, Britain and

USA did the right thing,

This has an effect even in my income, I get paid in dollars, and the fucking euro/usd rate makes me lose 40% of my income.

I hope Euro/USD moves to 1.2 - 1.1

absolutely not benefit in the strong euro,

except for those who invested in USA

[turkmanowar]

@MrSoprano0125

Greece is bankrupt

no need to say anything else

EU must kick greece ass

[5hitter]

@turkmanowar-Why dont you ask why turkey will never be accepted into the EU? Because you are barbarians

[turkmanowar]

@5hitter

you gave a name like hitler and as a stupid questions

idiot greek

[5hitter]

@turkmanowar-Hitler was a better person than the animal attaturk was you bastard of the real turks-the seljuks

[turkmanowar]

@5hitter

now i am sure you have no brain

[5hitter]

@turkmanowar Like you who believes attaturk was a nice person? He was a mass murderer and butcher who makes Hitler an amateur

[turkmanowar]

@5hitter

who answer this kind of idiot question ?

[turkmanowar]

@5hitter

we did not attack any other country in 1922-23 , we only tried to protect our homeland.

if you have a brain , you can understand difference.

but i am not sure about that 

[5hitter]

@turkmanowar Yeah right protect-You invaded the Byzantine Empire and conquered the balkans and WE!!! attacked you? You have stolen our lands.Leave our Greek lands. Go back to asia where you belong you mongoloids

[StellandBlood]

@MrSoprano0125

It wwon´t save you however,euro falls,all coins interlinked with the euro currency(pound,swiss frank,norwegian/ swedish/danish krone) will fall.