Nashton
2/13/2012 11:39:00 AM
On 12-02-12 11:12 PM, baldeagle wrote:
> On Feb 12, 10:40 am, asdf asdf<chinkk...@gmail.com> wrote:
>> On Feb 12, 9:15 am, baldeagle<force....@gmail.com> wrote:
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>> In the 90s, before joining the Euro zone, Greece economy was one of
>>> the stars in Europe, enjoying an average growth of 4% every year.
>>> Greek workers were able to enjoy good income, good social security and
>>> good retirement benefit.
>>
>>> Immediately, after joining the EU, Greece began a decline, because of
>>> the strong Euro, its exports saw a drastic drop. Its economy saw zero
>>> growth. 4 years ago, in 2008, Greece economy unraveled when the
>>> subprime crisis hit the Euro zone bad...it is sinking into a deep shit
>>> hole.
>>
>>> Factories closed,...millions of Greek become unemployed or were forced
>>> to retire early. The Greek government were forced to borrow billions
>>> and billions money to feed the people...The national debt ballooned to
>>> over 180% of GDP...one of the highest in the world. In an attempt to
>>> cut spending, the Greek government laid off government workers, cut
>>> expenses to the bone... the Greek people suffer pains and
>>> miseries ...even worse than 3rd world developing nations in Asia.
>>
>>> There is absolutely no solution to Greece economic woes...as long as
>>> it remain in Euro Zone. Germany, IMF and others tried to help Greece
>>> with more loans...but now demanded Greece fired another 50,000
>>> workers. This will make the social security expenses ever
>>> higher...with a quarter of a million more hungry mouths (the
>>> new jobless workers and their poor families) to feed. Greece will
>>> need even more loans....again and again.
>>
>>> The solution is simple, Greece need to grow its economy (like
>>> Argentina did successfully... not long ago). It need to restart its
>>> factories...and create jobs for its people...and earn income to feed
>>> its people...instead of begging for loans.
>>
>>> UNTIL Greece is able to control its own currencies, there is NO way
>>> Greece can be competitive... to grow its economy. Greece will
>>> continue to depend on "LOAN" from IMF and rich nation...until no one
>>> is willing to lend a cent more to Greece.
>>
>>> Is there an end to the long suffering of Greek ? NO. At least not
>>> yet...not until the politicians in Greece and Europe realize that the
>>> sinking Titanic (Euro Zone) cannot be saved. Greeks need to abandon
>>> ship...get onto a smaller but stronger ship (new currency)...to sail
>>> the rough water on her own.
>>
>>> Meanwhile...Greece will have to suffer...endlessly. They cannot do
>>> anything to change their future !
>>
>
>> How much good time they had before joining Euro Zone?
>
> In the 90s, like the Asian Tigers, Greece was one of the emerging
> tigers in Europe.
Nope.
Borrowed cash.
The Greek enjoy good time....economic success...
...on borrowed cash...
> in the form of high pay, good working conditions, excellent
> retirement benefits...and health care... on par with the best in
> first world country.
...on borrowed cash
The Greeks could afford the high standards ...
> before joining the EU at the beginning of 2000s.
Nope.
>
> The Greek made a fatal mistake...in becoming a member of
> the EU !!
The most prosperous years were the decade following inclusion into the
Eurozone which was again on.....borrowed cash.
Instead of repeating the same mantra over and over, why not provide some
cites?
--
ADR on the current fiscal crisis : "There is no evidence
whatsoever that Greece spent irresponsibly and that it did not manage
its debt."
ADR on the open letter of Greek academics on the economy.
Pissaridis, Nobel Prize laureate is amongst them.
"This letter, signed mostly by persons with appointments and strong
connections to Greek academia has been extensively panned in the
forums of Greek academics wild inaccuracies, obvious distortions and
absolute lack of solutions."
"There is not chance in hell that the government will get
access to a persons' account that has moved the his/her
money quite legally to Switzerland or any other European
bank"
The naive ADR on Swiss accounts.
"Of course, they will be great Greek patriots who will fight on -and
eventually win-. In the meantime, I will stay with some proud people,
the Irish (since I have a great emotional connection with the place
and dear memories) "
ADR taking another emotional tantrum, takin g his marbles and going home.
"Palestinian rockets killed only a few rats in Israel"
Another "lesson" on current events from ADR
"I am always right, I am never wrong and you can't deal with it"
ADR and is God like infallibility
"When there are commentaries in the Wall Street Journal calling for the
replacement of this ridiculous government, you know we have reached
the end of the road"
ADR and the credence he places on ...magazines concerning the rise or
fall of a govt.
"That's impossible. For the news of the fire to travel from Rome to
Actium and for the Nero to sail back to Rome it would take many more
days than the fire lasted. Nero would have arrived just to see
smoking ashes."
For ADR, Actium = Antium
Ti Lozanh, ti Kozanh.
"This totally laughable and it shows
that you are smoking something powerful.
Have you tried to install a
DSL line at home in Greece lately?"
ADR on broadband penetration in Greece.
"These radiation level are just within certain areas of the reactor.
Let's not overblow the whole thing. Provided that the plant is
finally secured and cleaned, this radiation level will decline quite
quickly (depending on the actual elements that provide the
radiation)."
ADR forgetting about the plutonium, offers his in depth
analysis of the nuclear reactor crisis in Japan.
"To think that Anastassios had anything to do with the manufacture of
medicines is a frightening thought.
A man of fathomless ignorance who uses it as knowledge to guide action
and is involved in pharmacy imparts to medication a sense of Russian
roulette that's worse than the fear of disease.
Be afraid.
A man for whom Actium is the same as Antium, inequalities are the same
as negative statements, thinks just as well that chloride is the same
as clorate and sulfide the same as sulfate. There never was a
sophist movement, ancient Greece and Rome had no lawyers, and science
is never concerned with proving negatives. Anything goes, folks.
A mind that dysfunctional in a relaxed history forum with not
deadlines or bosses must be even worse in the spheres of life with
strict obligations.
Bingo! Then one hears that such a man failed to meet his performance
goals at his work and got a bonus of exactly zero dollars last year.
And that shortly afterward his employer reconsidered Mr. Retzios'
business contribution in his 24 months of employment and felt he was
being robbed, and rightfully fired the goober's a.s.
How many times must that have happened to Anastassios,... and
counting?"
Someone pegging the fool ADR for who he really is.