Greece Elections

Harlequin said:
an interesting read:

http://www.usnews.com/news/business...case-for-greece-when-it-forgave-germanys-debt

Greece does have a point - they forgave Germany in the 1950`s of war debt....
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True but some major differences. Point is Germany was already looking good to be able to pay back its debts and would/already had carried out reforms.

The sticking block seems to be Greece has hardly made any headway at carrying our reforms and what happens if they just say "thanks for the money, not going to do what you asked us to do" again?
 
Harlequin said:
Greece does have a point - they forgave Germany in the 1950`s of war debt....
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Greece forgave part of Germany's debt, and unlike Greece today, Germany was actually capable of repaying it.

Meanwhile, Germany has written off hundreds of millions while Greece still begs for more.
 
Tefal said:
but how much do you earn vs how much you tell the tax man you earn
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Thats the issue. I know one Greek who earns about 120,000 euros per annum but his tax return is 12,000 euros.

He is up in arms about the new tax changes etc but he never pays any tax anyway.....................:rolleyes:
 
Excellent discussion on BBC Radio 4 for whoever is interested in the subject.

Well, that was quick.. just finished!
 
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Dolph said:
Is that as bad as the highly selective and partial quoting used by the Greek government?

The IMF report is ultimately an explanation of why the eu should stop throwing money at Greece as it will just be more losses.
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Do you think it will though?

I have a feeling that that great project that is the EU can not be left to break apart.
 
Dolph said:
Is that as bad as the highly selective and partial quoting used by the Greek government?

The IMF report is ultimately an explanation of why the eu should stop throwing money at Greece as it will just be more losses.
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The IMF was pressured into throwing money towards Greece to save French and German banks who financed Greece in order to purchase German and French weapons and services, the same way Spain was which is why the German built airports are empty and for sale, cause they were built even though no demand existed.

It is the people blaming Greece who are selective in what they say, blaming only the Greeks, whereas the bigger part of the fault lies with the private creditors (major banks) who either did not do their due diligence before loaning money to Greece, or they were too greedy and wanted to gain by the big interest rates in Greece and later on with the Eurozone countries and mostly Germany and France, who once they realized the exposure of their banks they decided to bail them out using taxpayers' money in order to then leverage using scaremongering that Greece is stealing taxpayers' money. Instead the banks should have been left to default as it was their fault they took out risky investments in their greed...

Talk of selective quoting... :rolleyes:
 
M1k3H said:
The IMF was pressured into throwing money towards Greece to save French and German banks who financed Greece in order to purchase German and French weapons and services, the same way Spain was which is why the German built airports are empty and for sale, cause they were built even though no demand existed.

It is the people blaming Greece who are selective in what they say, blaming only the Greeks, whereas the bigger part of the fault lies with the private creditors (major banks) who either did not do their due diligence before loaning money to Greece, or they were too greedy and wanted to gain by the big interest rates in Greece and later on with the Eurozone countries and mostly Germany and France, who once they realized the exposure of their banks they decided to bail them out using taxpayers' money in order to then leverage using scaremongering that Greece is stealing taxpayers' money. Instead the banks should have been left to default as it was their fault they took out risky investments in their greed...

Talk of selective quoting... :rolleyes:
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Have you even read the IMF report?

It is very clear that, while additional debt relief would be needed (remember, Greece has already had €100bn of debt relief in 2012), the requirements have dramatically increased since the recovery was stopped and the tax income plummeted at the end of 2014....
 
Dolph said:
Have you even read the IMF report?

It is very clear that, while additional debt relief would be needed (remember, Greece has already had €100bn of debt relief in 2012), the requirements have dramatically increased since the recovery was stopped and the tax income plummeted at the end of 2014....
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I'm not disputing the IMF report, I just replied to your "selective quoting" ..
 
M1k3H said:
The IMF was pressured into throwing money towards Greece to save French and German banks who financed Greece in order to purchase German and French weapons and services, the same way Spain was which is why the German built airports are empty and for sale, cause they were built even though no demand existed.

It is the people blaming Greece who are selective in what they say, blaming only the Greeks, whereas the bigger part of the fault lies with the private creditors (major banks) who either did not do their due diligence before loaning money to Greece, or they were too greedy and wanted to gain by the big interest rates in Greece and later on with the Eurozone countries and mostly Germany and France, who once they realized the exposure of their banks they decided to bail them out using taxpayers' money in order to then leverage using scaremongering that Greece is stealing taxpayers' money. Instead the banks should have been left to default as it was their fault they took out risky investments in their greed...

Talk of selective quoting... :rolleyes:
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By that logic if I murder someone it's their own fault for standing in the way.

Sorry mate, but that's a seriously flawed argument.
 
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