German Taxpayers and Fake Greex - UNITED IN MISERY

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“IRONEA 338 B.C.E. ”

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Solun, Occupied Macedonia [+]

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#1
Jan 29, 2013
 

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German taxpayers, who already fear that Ms. Merkel has created a permanent “transfer union” to funnel Germany’s riches to dying European economies, will be on the hook for the biggest single share of the next rescue mission.

This third rescue will inevitably come with more demands for austerity, which in turn is bound to keep Greece in recession.

German taxpayers and Greeks themselves will be united in misery.

http://www.theglobeandmail.com/report-on-busi...

Soon, German taxpayers and the Spanish people may be united in misery too...

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#2
Jan 29, 2013
 

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And so the pressure builds and the clock ticks down to the next sustaining bailout payment -- which, at some point, simply won't be there once the Troika is forced to acknowledge that Greek "promises of action" are worth about as much as last years snow.

When the anarchist/communists explode and the fascist/nationalists fight back, we will see a repeat of the civil war that claimed more Greek lives than World War II

So, Multinational corporations are pulling up stakes, sometimes selling off their Greek operations for one euro just to get out. No foreign investor in his right mind would put money into a new business there, and the local entrepreneurs who try are usually strangled in a tangle of red tape through which no amount of fakelaki can cut.

So far the tourism industry is hanging on by a thread as there are many bargains to be had, but when strikes and violence cross the nuisance threshold and the first whiff of foreign casualties hit the news, those international tourists will quickly go elsewhere.

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#3
Jan 29, 2013
 

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And so the pressure builds and the clock ticks down to the next sustaining bailout payment -- which, at some point, simply won't be there once the Troika is forced to acknowledge that Greek "promises of action" are worth about as much as the last year snow.

When the anarchist/communists explode and the fascist/nationalists fight back, we will see a repeat of the civil war that claimed more Greek lives than World War II

So, Multinational corporations are pulling up stakes, sometimes selling off their Greek operations for one euro just to get out. No foreign investor in his right mind would put money into a new business there, and the local entrepreneurs who try are usually strangled in a tangle of red tape through which no amount of fakelaki can cut.

So far the tourism industry is hanging on by a thread as there are many bargains to be had, but when strikes and violence cross the nuisance threshold and the first whiff of foreign casualties hit the news, those international tourists will quickly go elsewhere.

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#4
Jan 29, 2013
 

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Greek economy keeps declining.

Within the last four years it shrank by over 25 percent, this year a further reduction by 6.5 percent is estimated.

Without growth Greece will be unable to reduce its debts, in spite of severe cuts in public spending...

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#5
Jan 29, 2013
 

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Going Viral: The Beggar Greex explained - with ZOMBIE CARTOONS

Read more: http://www.dailymail.co.uk/debate/article-216...
Follow us:@MailOnline on Twitter | DailyMail on Facebook

We can't help but smile at this impressive effort from the Economist: The eurozone crisis explained - with zombie cartoons.

Since: Sep 12

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#6
Jan 29, 2013
 

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Germany is going nowhere fast.

And as for Greece, it probably won't get any better for them.

I send my love to the Greek. I love your culture and wish your country well.

Germany is truly an obsolete nation in Europe.

Sweden and Greece are so far apart but both of our cultures make Europe stand out.

Love for Greece from Swedish person.
Merkel

Saarbrücken, Germany

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#7
Jan 29, 2013
 

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Sweden156 wrote:
Germany is going nowhere fast.
And as for Greece, it probably won't get any better for them.
I send my love to the Greek. I love your culture and wish your country well.
Germany is truly an obsolete nation in Europe.
Sweden and Greece are so far apart but both of our cultures make Europe stand out.
Love for Greece from Swedish person.
Today in the News - Germans richer than ever. Love to Absurdistan my friend.
friend

Germany

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#8
Jan 29, 2013
 

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Sweden156 wrote:
Germany is going nowhere fast.
And as for Greece, it probably won't get any better for them.
I send my love to the Greek. I love your culture and wish your country well.
Germany is truly an obsolete nation in Europe.
Sweden and Greece are so far apart but both of our cultures make Europe stand out.
Love for Greece from Swedish person.
Sweden and Greece are both the epidimie of stupidity in the known world of today.

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#9
Jan 29, 2013
 

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European policy:

http://www.cartoonstock.com/newscartoons/cart...
TurkoSlavic Abdulovic

Aberdeen, UK

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#10
Jan 29, 2013
 

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Turanid Yellow TurkoSlavic Monkey-Abdul

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#11
Jan 31, 2013
 

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Greek Doctor Exodus

The wave of migration that began in 2010 has now grown into a tsunami that leads day by day more and more doctors into fleeing Greece in hope of finding a job or complete their training/speciality elsewhere.
Go Home Goranovic

Aberdeen, UK

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#12
Jan 31, 2013
 

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TurkoSlavic Monkey!

“IRONEA 338 B.C.E. ”

Since: Mar 10

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#13
Jan 31, 2013
 

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One in three Greek families said they are so worn out by pay cuts, tax hikes and slashed pensions that they are thinking of leaving the country.

http://greece.greekreporter.com/2013/01/30/th...

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#14
Jan 31, 2013
 

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The EFSF is expected to lend €144.7 billion to Greece through 2014, and the member states have already lent Greece €52.9 billion in bilateral loans through December 2011.

http://blogs.wsj.com/brussels/2013/01/31/imfs...

“IRONEA 338 B.C.E. ”

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#15
Feb 1, 2013
 

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Greek economy keeps declining.

Within the last four years it shrank by over 25 percent, this year a further reduction by 6.5 percent is estimated.

“IRONEA 338 B.C.E. ”

Since: Mar 10

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#17
Feb 1, 2013
 

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65 per cent increase in Greek migrants, and with unemployment in the Mediterranean country at 26.8 per cent, this is likely to increase.

Read more: http://www.smh.com.au/world/home-is-where-the...

“IRONEA 338 B.C.E. ”

Since: Mar 10

Solun, Occupied Macedonia [+]

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#18
Feb 2, 2013
 

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The drachma would devalue sharply against the euro, helping solve Greece’s competitiveness problems but also making it difficult to repay its foreign debts.

Even so, the direct costs of Greece exiting the euro zone (Grexit) would be small, the IMF says. That’s because private-sector exposure in the rest of the euro zone to Greece has been falling for some time, as Greek government debt held by the private sector has been restructured and imports purchased by Greece’s pancaked economy have plunged; IMF says Greece’s liabilities to the private sector in the rest of the currency area have fallen to LESS than 1% of the Eurozone’s GDP.

http://blogs.wsj.com/brussels/2013/01/31/imfs...
Greece Better Than FYRoM

York, UK

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#19
Feb 2, 2013
 

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At so many levels

“IRONEA 338 B.C.E. ”

Since: Mar 10

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#20
Feb 2, 2013
 

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Euro-zone manufacturing GET WORSE

Manufacturing employment FELL for the twelfth straight month, and at a brisker clip than the last two months ... the bloodletting was greatest in Germany, France and Italy.

In the euro zone as a whole, input costs increased for the fifth consecutive month.

This is a particularly SCARY state of affairs given another scary trend: the strengthening euro.

Falling consumer spending: The big albatross around the neck of euro-zone manufacturing is domestic demand.

This fall in demand will erode pricing power if it continues, and that will compress euro-zone manufacturing margins EVEN MORE.

http://qz.com/49962/euro-zone-stabilizing-but...
FYRoM Sickness Greek Envy

York, UK

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#21
Feb 2, 2013
 

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Also: EU anxiety attacks!

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