Greece is the 1st to fall in the establishment of the 4th Reich?

Quote from Scataphagos:

That's the way it is with tit-suckers and parasites. They'll gladly keep taking so long as somebody else is stupid enough to keep giving. (Applies in SPADES to the US as well.)

:(

Actually the statistics do not support this racist statement. Greeks work as hard as Germans. The thing is that Germans work smarter than Greeks, taking advantage of an edge they have set up to suck wealth from other nations. Greeks were sold to Germans by corrupted politicians.

The President of Greece has a German wife.
The PM of Greece who forced it to join the EU too soon had a brother senator in a major German party
Several other ministers had wives from Germany or other ties to that country.

By the way, Scataphagos in Greek means the one who eats sh*t. From scata (sh*t) and phagos (eater).

I would be surprised if I learned that you are Greek and you talk like that about your own kind.

It is impossible Sh*teater that a small nation that controls 25% of worlwide shipping (see DRYS, NM, TEN, BALT, etc.) is made of parasites.

Something else is going on. Much bigger. Many nations are next to follow.
 
From S&P, this just went by:


PRESS RELEASE: S&P Creates Metric To Identify Degree Of Balance In Economies


The following is a press release from Standard & Poor's:
LONDON (Standard & Poor's) Nov. 21, 2011--As the world continues to scrutinize the health of the eurozone, Standard & Poor's Ratings Services (RPM) has developed a Rebalancing Progress Metric to measure the progress net debtor sovereigns are making in rebalancing their economies (see "Standard & Poor's
RPM Measures The Eurozone's Great Rebalancing Act"). This metric is designed to assess how quickly the eurozone economies that had been consuming above their annual incomes are exporting their way back to a current account surplus by restoring competitiveness, and whether this is mirrored in an adjustment in
unit labor costs (ULCs).
Back in 2008, Estonia, Ireland, Spain, Portugal, and Greece were all running sizable current account deficits. Their ULCs had increased to historically high levels (as measured by OECD data in national currencies), implying a significant loss of competitiveness. Ireland, Spain, Portugal, and Greece were running the highest current account deficits before the onset of the global financial crisis in late 2008; Estonia was also operating a current account deficit of 10% of GDP as recently as 2008. The data indicates that during 2011, rebalancing has accelerated in all five countries--most notably in
Estonia, Ireland, and Spain.
The metric's results have no direct impact on our sovereign ratings, but they do indicate the medium-term growth prospects for different eurozone economies.
Our study shows that the countries with the highest RPM scores have all seen growth accelerate faster in 2011 than economies with weaker RPM readings. We also note that the two eurozone net debtors with the highest RPMs both have stable outlooks on their sovereign ratings, while the others in our study have negative outlooks.


The problem is a problem with imbalances between countries in their trading relationship. This precisely the problem that an exchange rate can fix. But of course there is no exchange rate available anymore to fix the problem.
All this nonsense about profligacy or whatever is not about the real problem. The real problem is nothing more and nothing less than the euro itself.
 
Quote from trefoil:

From S&P, this just went by:



The problem is a problem with imbalances between countries in their trading relationship. This precisely the problem that an exchange rate can fix. But of course there is no exchange rate available anymore to fix the problem.
All this nonsense about profligacy or whatever is not about the real problem. The real problem is nothing more and nothing less than the euro itself. [/B]

Scrap it imho
 
Quote from RCG Trader:

The Germanic tribe have always been warmongers, and they are good at it. If Germany decides to "intervene" again. Where will the US be? Both times we had to stop them before, but we were a different nation then, and they know that.

Let the Chinese step in and take control. They will get the job done. There are still alot of sore losers over across the pond and they keep on putting a new face on an old idea that was never ment to work.

Welcome to Planet Misery,

Akuma

BUY GOLD !!!
 
people keep blaming democracy and capitalism.

but it is socialism which is breaking govt, monetary unions and countries.

govt can't keep hiring and paying people more than they could make in the private sector.

the private sector can't support that kind of govt.... the left was was just backdooring socialism.

now socialism is failing again.
 
Quote from jem:

people keep blaming democracy and capitalism.

but it is socialism which is breaking govt, monetary unions and countries.

govt can't keep hiring and paying people more than they could make in the private sector.

the private sector can't support that kind of govt.... the left was was just backdooring socialism.

now socialism is failing again.

Socialism == Preventing race to the bottom.
Capitalism == Promoting race to the top.
 
Quote from Tsing Tao:

Don't worry, Mutti will make it all better. Trust her!

Merkel.png
lmao
 
She's describing dick sizes. In the last image, she's describing the Germans, "they are juzt magnifizent and really feel gut".
 
The scary part of the whole situationis that reguardless of what the global economy is doing the Europeans like to insulate and protect thier industries why throwing up lawfare,patent disputes, and biased regulation. When it comes to free emarket economics they don't play. The classic case would be the Airbus vs. Boeing issue. The Europeans cried foul many times when Boeing tried to solicit product in thier market. Another glaring issue was when Walmart tried to enter the Euromarket and was basically forced out. Google is another example of what the EU market does to outsiders. They cannot directly force them out but rather create an tangent issue to push the agenda. There are companies in the EU who do they same thing but are overlooked because they are native. America opens its door to other bussinesses and when it comes time to reciprocate the Europeans put up the castle walls. The Chinese have let in American and Europeans bussiness for the most part and the EU is still protecting itself from the Sino Invasion. When the shit hits the fan over there they will be begging the US for help again as was done about 70 years ago. There has been a merger between the US and China and the EU is trying to maintain control of the planet. They do not have the money nor the military might to dictate what the worlds future is. The Chinese will win.
If you ever look at a Brazilian Real and an EU coin you can see where the old kraut way of doing things run deep. When alot of war criminals took off to Brazil they also tried to start up the same nonsense down there. Growing up in a household that was bitter about the outcome of WW2. The truth was always under the surface. I bet the bastard still has the officers sword on the fireplace. The Germans lost for a reason .... being German.

Welcome to Planet Misery,

Akuma

BUY GOLD !!!
 
The coppers said there was no hint the shooting was linked to the demonstrations bewitching setting in Sproul Plaza, across campus, and qualm organizers said they would not be deterred from rebuilding a nascent "Occupy Cal Encampment" torn down by supervise a week earlier.
 
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