Collapse of the euro is 'inevitable' says French Banking Chief

Quote from makloda:

From 2009... So much for the "rich" Greek farmers :cool:

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I don't agree with most of the demands made by the greek farmers and gov't workers. And I don't condone destructive rioting either. Smashing store windows accomplishes nothing.

But you know what? Our Wall Street banksters would have never gotten away with what they did if they were in Greece. The people in Greece don't take shit, unlike us Americans that take it up the a$$ everyday and say "thank you for protecting me."
 
Makloda the simple answer why they are wealthier than the average is low population density in an area that land has appreciated 500% in the last 20 years. What do you think the farmer's with 100000 square meters of land near the western coast of Peloponnese net worth is? 130K euros lol? Farming has become a secondary income source for many of them. Yes there are very poor people but farmers (on average) are not among those. Anyway I don't consider a 250k bank account a lot of money but maybe I am an above average income person thought my impression from living here is that I am middle class. I am going to put on some teeth now :-). Have a nice day.
 
Quote from christianhgross:

This is crap! Get some facts before you spew ok!

Want to know why German orange juice is so cheap and Greek not? Because German companies are highly efficient and automated.
Christian
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Read carefully before you spew crap. Replying without carefully reading what your are replying to is a sign of disorder. It is orange juice made in Greece and exported to Germany that is cheaper in Germany. This is what I wrote and you replied without reading it.

"1. Greek orange juice bottle produced in Greece costs 1.30 there but only 0.85 in Germany. How do you explain that rocket scientist?"
 
Quote from intradaybill:

Read carefully before you spew crap. Replying without carefully reading what your are replying to is a sign of disorder. It is orange juice made in Greece and exported to Germany that is cheaper in Germany. This is what I wrote and you replied without reading it.

"1. Greek orange juice bottle produced in Greece costs 1.30 there but only 0.85 in Germany. How do you explain that rocket scientist?"
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Fair enough point taken...
 
I know that performance of the US stock market is inversely correlated with the euro. For example, priced in euros, the US stock indexes are still within a few percent of their highs. So if the euro does fall apart in coming weeks, would that mean another big surge in US stock prices? Likewise, if the euro ultimately "goes to zero" would that imply that US stock prices will ultimately "go to infinity"?

Bettles
 
Quote from Debaser82:

If Greece was a US state it would rank 25th as far as infant mortality rates goes.

I've said it here before but these comparisons between countries living standards are interesting but difficult due to big imbalances in a huge place like the US and even internally in these little countries.
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Would you rather go to a Greek hospital or a hospital in Mississippi if it's your kid/wife on the line?

Most in medicine look very skeptically at stats reported from most other countries (this is why drugs and devices that are easily passed in Europe often fail miserably to meet the FDA's requirements). Reporting is not standardized around the world just as Greece's financial accounting has been in question, I would bet dollars to donuts that their health reporting is too.
 
Quote from clacy:

Would you rather go to a Greek hospital or a hospital in Mississippi if it's your kid/wife on the line?

Most in medicine look very skeptically at stats reported from most other countries (this is why drugs and devices that are easily passed in Europe often fail miserably to meet the FDA's requirements). Reporting is not standardized around the world just as Greece's financial accounting has been in question, I would bet dollars to donuts that their health reporting is too.
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Greeks have longer lifespans than Americans and Brits. You may question the stats, but I would agree with the stat based on my own observations thru friends and family there and here in the US.

Why is this? While yes, many of their hospitals may not rival those at bigger US cities (not sure about Mississippi) their lifestyle is a lot more healthier. They eat better food and are more active. A lot less stress too. (Unless they're driving)

And they still smoke like crazy.
 
Quote from Misthos:

Greeks have longer lifespans than Americans and Brits. You may question the stats, but I would agree with the stat based on my own observations thru friends and family there and here in the US.

Why is this? While yes, many of their hospitals may not rival those at bigger US cities (not sure about Mississippi) their lifestyle is a lot more healthier. They eat better food and are more active. A lot less stress too. (Unless they're driving)

And they still smoke like crazy.
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I don't disagree with them having longer life spans due to a healthier lifestyle.

There is no doubt that most Americans eat themselves into a shorter life.

Quality of health care however, is not even close.
 
Quote from bettles:

I know that performance of the US stock market is inversely correlated with the euro. For example, priced in euros, the US stock indexes are still within a few percent of their highs. So if the euro does fall apart in coming weeks, would that mean another big surge in US stock prices? Likewise, if the euro ultimately "goes to zero" would that imply that US stock prices will ultimately "go to infinity"?

Bettles
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During hyperinflation wrecking Weimar Germany stocks went to infinity in local currency but fell from 100 to 2 in foreign currency.

How this translates to today's situation isnt yet all that clear as the judge and his verdict haven't come out yet I would think.
 
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