Greece Elections

[Iraklis F.C.]

Actually, the rest of the eu said fulfill your existing agreements and we will consider the next steps, which is perfectly reasonable.

Instead of doing that, the inexperienced Greek government blew all their negotiating power making bizarre and inconsistent positions and changjng their minds over and over, before walking away and passing the buck for their failure to the Greek populace in a referendum over something that no longer exists, while adopting a strange position that Greek democracy binds the taxpayers of other nations who had no say.

The Greek government is the reason the situation has reached the point it has. Not the eu.

SOrry to rain on your parade but the austerity imposed was conceived and designed by the EU+IMF+ECB. IMF has said it was faulty. Eurocrats blame greeks for something they made up and say its all greeces fault, all 100%.

Its weird you dont comment at all on IMF's statement tonight and earlier comments that the programe was faulty.

But lets all sing along, Its greeks fault blah blah blah.

and i told ya, yes there was corruption , there was negligence and so on, whats the plan for the next day though?

 

[Destination]

Well past five years how many doctors have been convicted for tax evasion?
Is it a crime yet?

 

[Iraklis F.C.]

Greek government spending is most definitely not zero. Greece was actually running a primary surplus before the regime change in Greece led to a massive increase in unpaid taxes.

Greece does not get to dictate to the other 18 countries of the eurozone how the central bank behaves.

the ECB is acting out of the legal framework , of its provision to provide financial stability in all members but no one raises an eyebrow about that, instead lets talk about hairdressers receiving benefits, now thats better..

How would you feel if the bank of england did that on your selves, would it have done it? i dont think so

At the end of the day, when IMF, UN and some euro members declare the program has failed SPECTACULARLY you still have people insisting, well ok..

 

[Dolph]

the ECB is acting out of the legal framework , of its provision to provide financial stability in all members but no one raises an eyebrow about that, instead lets talk about hairdressers receiving benefits, now thats better..

How would you feel if the bank of england did that on your selves, would it have done it? i dont think so

At the end of the day, when IMF, UN and some euro members declare the program has failed SPECTACULARLY you still have people insisting, well ok..

The ecb is explicitly prevented from funding the states, and explicitly limited to only being able to fund solvent banks within a state in a bailout programs.

No one is arguing that the program has failed, they are arguing over why it failed in Greece and not the other bailed out countries, and what the next steps for Greece will be. Here's a hint, it won't involve unlimited money to Greece and debt forgiveness to keep Greece in the euro.

 

[Iraklis F.C.]

The ecb is explicitly prevented from funding the states, and explicitly limited to only being able to fund solvent banks within a state in a bailout programs.

No one is arguing that the program has failed, they are arguing over why it failed in Greece and not the other bailed out countries, and what the next steps for Greece will be. Here's a hint, it won't involve unlimited money to Greece and debt forgiveness to keep Greece in the euro.

lies, lies everywhere, http://www.theglobalist.com/the-fairy-tale-of-portugals-successful-turnaround/

good luck with the successful countries, we'll see about that when QE ends and greece is ashes

 

[Dolph]

lies, lies everywhere, http://www.theglobalist.com/the-fairy-tale-of-portugals-successful-turnaround/

good luck with the successful countries, we'll see about that when QE ends and greece is ashes

Try looking at growth . You may also notice the 50% lower debt burden by GDP than Greece, and none of these countries had a debt haircut already.

With blindness like this, it is not a surprise Greece is going the direction it is.

 

[PermaBanned]

You are aware that debt to GDP ratio accounts for growth? And that Greece has had no meaningful growth?

 

[Dolph]

You are aware that debt to GDP ratio accounts for growth? And that Greece has had no meaningful growth?

Indeed I am. Our of the four bailout countries, Greece lacks both completed reforms and growth.

 

[Iraklis F.C.]

You are aware that debt to GDP ratio accounts for growth? And that Greece has had no meaningful growth?

you are aware that debt to gdp ratio indicates the country's ability to pay back its debt. I am seeing debt rising constantly here, and growth is still sluggish in these countries. anyway i maybe blind, so are the guys who govern us, inside and out. If they believe i will pay for every 100 euros i make, 73 euros in tax they are foolish, i wont.

Oh, they want 100% advance payment of the tax every September, LMAO what great visionaries they are

 

[Destination]

One moment, how much tax will you pay?
As a Greek, what is your 'limit'?

 

[Jokester]

Oh, they want 100% advance payment of the tax every September, LMAO what great visionaries they are

That's how Self Assessment in the UK works.

 

[PermaBanned]

you are aware that debt to gdp ratio indicates the country's ability to pay back its debt. I am seeing debt rising constantly here, and growth is still sluggish in these countries. anyway i maybe blind, so are the guys who govern us, inside and out. If they believe i will pay for every 100 euros i make, 73 euros in tax they are foolish, i wont.

Oh, they want 100% advance payment of the tax every September, LMAO what great visionaries they are

Absolutely, how can a country be expected to grow under harsh austerity that cripples anyone who could possibly contribute to the economy? It's a sick way of scoring political points (mostly, as i understand it, from Germany) and i'm not entirely sure what they hoped to achieve because it quite clearly isn't working.

 

[Pudney]

That's how Self Assessment in the UK works.

No it isn't.

 

[Iraklis F.C.]

One moment, how much tax will you pay?
As a Greek, what is your 'limit'?

what do you mean?

tax on me is 26% for every single euro i make, vat is at 23% and then several charges and insurance all of which account to ~15% of what i make.

bills, food, rent not included. Add a recession, currency stagnation and misery and you get the picture.

And the want MOAR austerity, perhaps after all i might consider to leave the place asap, i believe my english is good enough and i am a very experienced engineer.

and thats if you have a job as i do.

 

[Jokester]

No it isn't.

The first time you do your self assessment you pay that years tax and 50% again, 6 months later you pay another 50%, so by the time you come to do your 2nd self assessment you've already paid 2 years worth of tax and all your doing is either paying the difference or getting a rebate if you overpaid, after that you're always paying your tax upfront.

 

[Dolph]

what do you mean?

tax on me is 26% for every single euro i make, vat is at 23% and then several charges and insurance all of which account to ~15% of what i make.

bills, food, rent not included. Add a recession, currency stagnation and misery and you get the picture.

And the want MOAR austerity, perhaps after all i might consider leave the place asap, i believe my english is good enough and i am a very experienced engineer.

Hence why spending cuts are more successful at reducing a deficit than tax rises... But your government doesn't want to cut spending...

 

[Iraklis F.C.]

Hence why spending cuts are more successful at reducing a deficit than tax rises... But your government doesn't want to cut spending...

Its not MY government, dont get me started on this. I know that spending cuts are needed , i am afraid there is little to cut anymore. bare minimum spending like salaries, pensions, medicine and the military.

I am not particular in favor cutting the military budget, see this isnt an island and north africa is just a few miles away.

Then again, this govt promised to hunt down these tax evaders at last, it has become a survival issue, high taxation though makes this difficult or almost impossible.

 

[Destination]

26% you think is high?
That what you said you paid, an experienced engineer here would be taxed at 40% on sections of his earnings.

 

[Pudney]

The first time you do your self assessment you pay that years tax and 50% again, 6 months later you pay another 50%, so by the time you come to do your 2nd self assessment you've already paid 2 years worth of tax and all your doing is either paying the difference or getting a rebate if you overpaid, after that you're always paying your tax upfront.

The first installment is due on 31 January, 3 months before the end of the tax year. The second installment is due in July, AFTER the tax year. The balancing payment is due on the following 31 January, 9 months AFTER the tax year. That is not "100% up front".

 

[M1k3H]

26% you think is high?
That what you said you paid, an experienced engineer here would be taxed at 40% on sections of his earnings.

That is assuming he's making more than the threshold.. which he wouldn't unless he has at least 10-15years of experience... Also the lower rate is 20%, much lower than the 26% in Greece.

Although looking at wikipedia it says the tax rate is 22% still higher than the UK's and also no tax free allowance which makes it all the worse.

Also social security is 16% again much lower than the 12% (or 2% for high incomes) in the UK.

So overall much higher deductions.. but lower salaries...