Come on bastards, blame it on the Greeks
- Thread starter antelope
- Start date
No W-Europe, and you ?
Its easy to blame greeks, but actually you can look from the other point of view. They would have been fine if not joining an eurozone. In my opinion their industry can't compete with Germany or France - its those countries that wants euro, because its beneficial to their economy. Weaker countries like Greece loose one of the most important economy protection tool - their own currency. So they have deficit and finance it by borrowing and then spend good deal of that money on geman or french industry goods and everyone is happy. Greeks live well but they don't know that its just an illiusion, Germany companies have bigger profits because there is no protection and greeks will NEVER be as efficient as germans (and I dont blame them for that, everyone is different). And bank managers can pay themselves big bonuses showing imaginary protits 
Until... The system itself is rigged for countries like Greece or Portugal. At least until they become germans - which we know thats not going to happen. And EU provide some free money for bussinesses of those countries, probably in hope to make it competitive, but in my opinion it just makes matters worse. It just distorts market and encourage corruption. This is just one more example of big government decisions that has good intentions, but making things even worse. I think Greece should leave eurozone and default, lower taxes significantly and make reforms to to fire all them goverment officials and stupid rules (well generally forget all that communist bullcrap). Let people easily start bussiness and don't control and regulate them too much. Well generally do what every smart country should do, but this would be especially beneficial for Greece, and with big tourism sector they could get back on track pretty soon. It wont be possible with debt like this. Well this is just my opinion
Until... The system itself is rigged for countries like Greece or Portugal. At least until they become germans - which we know thats not going to happen. And EU provide some free money for bussinesses of those countries, probably in hope to make it competitive, but in my opinion it just makes matters worse. It just distorts market and encourage corruption. This is just one more example of big government decisions that has good intentions, but making things even worse. I think Greece should leave eurozone and default, lower taxes significantly and make reforms to to fire all them goverment officials and stupid rules (well generally forget all that communist bullcrap). Let people easily start bussiness and don't control and regulate them too much. Well generally do what every smart country should do, but this would be especially beneficial for Greece, and with big tourism sector they could get back on track pretty soon. It wont be possible with debt like this. Well this is just my opinion nobody forced Greece to adopt the euro. the UK opted out. Poland is delaying adopting it.
central banks are nothing but inflation engines because they react to political pressures. the US was a lot better off when it was on the gold standard.
Igni has the correct prescription for Greece's ills. can it happen with the socialist mindset that exists in Greece?
central banks are nothing but inflation engines because they react to political pressures. the US was a lot better off when it was on the gold standard.
Igni has the correct prescription for Greece's ills. can it happen with the socialist mindset that exists in Greece?
situation in the UK with their own currency is also lousy.
http://www.nytimes.com/2012/02/16/b...nd-out-is-way-of-life.html?src=me&ref=general
http://www.nytimes.com/2012/02/16/b...nd-out-is-way-of-life.html?src=me&ref=general
But you are behaving like a Iranian who lost by Greeks once and saw his empire collapse.
If Greeks didn't exist, you would be under Iranian or Turkish occupation today. That little nation besides setting the foundation of science has also served as a shield to invasions of Europe.
"If there had not been the virtue and courage of the Greeks, we do not know which the outcome of World War II would had been."
"Hence we will not say that Greeks fight like heroes, but that heroes fight like Greeks"
Sir Winston Churchill, Prime Minister of the United Kingdom
"How can any educated person stay away from the Greeks? I have always been far more interested in them than in science."
Albert Einstein, Jewish-American scientist
"Greece was the first of civilized nations that presented an example of what man should be."
Thomas Jefferson, 3rd President of the United States.[8]
http://en.wikipedia.org/wiki/User:Hectorian
Take it easy man. I know you lost the war because of Greeks and Russians but hey, you are setting youselves for losing the next one too. This time it will be worse.