Asunto: »Political & economic ideologies (communism, capitalism et

never paid back




YOU JUST SAID THAT YOU HAD A NET PROFIT FROM US

Yes, yes, I know. Believe me, it's all the same here. Except the following:
- For Hungarian doctors England is yet more popular, however Germany is coming up quickly as working destination. A job in the Hungarian healthcare system could be around 10th to 20th place for them, I guess.
- The official Hungarian full-time minimal wage is lower than your Greek part-time minimal wage.
- You call all this a crisis, our wacky government says: "Hungary does better (than Europe)" :D

I don't know, but it's hardly a drag on the Slovakian economy.

if i recollect corectly,i think we paid about ~6 billion euros just on interests last year but nooooooo,we are thieves and they are never getting back their money

bullshit,we should had exited the euro back in 2012 and fuck completely the eurozone

anyway, Paul Krugman thinks that SYRIZA isn't radical enough

http://www.nytimes.com/2015/01/26/opinion/paul-krugman-ending-greeces-nightmare.html
(editado)

I'm not sure Greece should quit the Euro, but I do think they shouldn't be admitted back then.

I remember recently that I read something in the news about the Dutch government having a small bonus on the budget due to Greek interest payments. I think that a decrease of the interest rate should definitely be negotiatable. Maybe even negative. The Netherlands is receiving negative interest on their loans, so why not Greece?

Thanks for the article. I will take a look at it.

I'm curious what's going to happen now, it could easily turn out, that they were radical only in the campaign, otherwise they won't be able to change Greek government policies that much.

i am curious too

goodnight folks!


goodnight rumpil,work hard tomorrow,WE NEEDS ZE MONEY FOR OUR COMMUNISTIC MOTHERLAND
(editado)

Some news from our most trustworthy news source Russia Today:

- Jan 22: Russia: "There is no chance Russia is going to default." The West: 'Russia is going to default?" http://rt.com/business/225023-russian-economy-no-default/
- Jan 24: Russia: "Russia's economy is in really bad shape, but don't worry. The reasons are temporary. As soon as the oil prices go up again and the sanctions are lifted, we will be allright." The West: "Good luck" http://rt.com/business/225939-russia-economy-vtb-davos/

Some other news: Rouble become worthless, so Russia gives its population a 17% interest rate on all roubles they have (Dec 15). One month later, Russians still don't want roubles and get upset. Meanwhile, inflation jumps to 13% and Russia says; "yeah, that was a really bad idea." Standard & Poor's, Moody's and Fitch say: "Russia's bonds are garbage. Russia is less likely than Greece to pay pack its loans." Rouble continues freefall and Russia says: "We no longer use Standard & Poor's, Moody's and Fitch." Experts say: "Russia's economy will probably shrink 6% if oil prices reach $50,- a barrel." In the meantime, oil prices well below $50,- a barrel. http://www.telegraph.co.uk/finance/economics/11360373/Russia-to-slash-interest-rates-just-a-month-after-hike-mistake.html

Meanwhile, experts say oil prices could go down to $30,- a barrel. http://www.bloomberg.com/news/2015-01-26/goldman-sachs-s-cohn-sees-oil-falling-to-30-in-extended-slump.html
(editado)

So Greece is in financial problems because of the Euro? Greece was already on the edge of collapsing for many years, the crisis pushed Greece over the edge. Maybe you should blame yourself the Greek people for electing idiots for so many years, who made a complete mess of your country and not the ones who are helping.

So Greece is in financial problems because of the Euro?

that's the thesis of BCE board (Vitor Constancio, speaking in Athens in2013 explained it). FMI admitted it two years ago.
Almost every economist said it.
Deal with it.

The Myth of competitiveness

some obvious things that we should always remember.

I'm not an economist, but saying that someone who has borrowed me hundreds of billions is the one to blame for my problems, is just weird imho.

the euro is a currency, not a country and not a person.
so if the currency is the problem, who has borrowed/lend money doesn't mean anything.

I disagree with this, but lets presume you're right. Greece adopted the euro in 2001. In 2001 the debt was 103.7% of the GDP and the GDP was 129.8 billion USD. That means, the national debt was about 135 billion USD back then. Dollar also had problems?

I can't understand why are you talking abou PUBLIC debt.
public debt is not a problem.
the greece problems were created by PRIVATE debt.

It's a failure of market caused by the fact they got euro currency.
A lot of money were borrowed versus greeks, because nobody should fear nomore for dracma's devaluation. Greek got a "credibility" they didn't deserve, and investors did a wrong investment.
When at the end of the bubble circle it exploded (greek banks bankruptcy) Greek dovernment "decided" (*) to save them without any help by EU,
MAKING IT BECOME a public debt problem..

I believe you meant to post in the News thread?