greek bail out talks have failed,no more EU cash for them,they are toast
could this be the end of the euro and the EU?....i hope so,i like being a "little islander"
Why should it? Maybe Greece would be kicked out
had a feeling this would happen from the start, the greeks lied about their finances just to join the euro and nobody fully checked their new friends
out.
a fact that i read on the bbc web site was only the spanish have followed All the rules of the euro. the greeks have broken just about all the rules,
and the french and germans have broken 3 to 4 of the 9 rules.
the euro wont work if they all bend the rules and i think it will reduce to a small number of core countries.
greece will be grease
ditch
[Edited on 13/5/12 by ditchlewis]
Hey conradkid
You seem to have some form of perverse pleasure in others misfortune. Its no joke to witness a nation on its knees. Do
you think your "little Island" will be immune from fall out if the Eurozone collapses??. Be careful what you wish for.
quote:
Originally posted by Puzzled
Hey conradkid
You seem to have some form of perverse pleasure in others misfortune. Its no joke to witness a nation on its knees. Do you think your "little Island" will be immune from fall out if the Eurozone collapses??. Be careful what you wish for.
Anyone have a reference to this? I can't find anything on the BBC website, only that the Greek coalition talks have broken down, a rather different story and means nothing for the bailout (though depending on who finally forms a government it could trigger all sorts of possibilities).
the way the worlds finances work today no one will be unaffected by the greek failure... british banks were the 3rd largest holders of debt behind the
germans and the french.
this is going to get messy and may trigger another worldwide resession.
if greese pulls out of the euro then things will only get worse for the greek people and i would hate to be living there at the moment. with their
currency devalued the cost of imports such as cars, cloathing, fuel supplies will sky rocket for them. unfortunatly they do not have major
manufacturing base to get them through.
i really would not want to be living there at the moment.
ditch
quote:
Originally posted by Puzzled
Hey conradkid
You seem to have some form of perverse pleasure in others misfortune. Its no joke to witness a nation on its knees. Do you think your "little Island" will be immune from fall out if the Eurozone collapses??. Be careful what you wish for.
quote:
the greeks lied about their finances
It may have been dirty pool to let the Greeks in, but they are in, and whether they deserve this or not, will not change the fact that there are going to be consequences for all of us, including my country.
Oh dear,i seem to have opened a can of worms.
this once great island once ruled a third of the world,now we are skint and the dumping ground for the world,s undesirables and ruled by those we
defeated in two world wars.
the EU cost.s us a lot of money in many ways,who paid for all the new roads across eastern europe,i have seen the rise of Poland from a tatty hole
where if you were lucky you had a trabant,now everyone has a merc or BMW.
what do you think will happen when Turkey gets the nod?
time we ruled ourselves again and pulled out of this corrupt "club".
here endeth the rant for today
quote:
Originally posted by theconrodkid
Oh dear,i seem to have opened a can of worms.
this once great island once ruled a third of the world,now we are skint and the dumping ground for the world,s undesirables and ruled by those we defeated in two world wars.
the EU cost.s us a lot of money in many ways,who paid for all the new roads across eastern europe,i have seen the rise of Poland from a tatty hole where if you were lucky you had a trabant,now everyone has a merc or BMW.
what do you think will happen when Turkey gets the nod?
time we ruled ourselves again and pulled out of this corrupt "club".
here endeth the rant for today
quote:
Originally posted by designer
quote:
the greeks lied about their finances
The EEC moved the goalposts to let Greece in, a continuation of their quest to make the EEC bigger.
Greece would never have meet the criteria, and neither did any of the last few entries.
"Scratch a Brit, and under his skin, you will find, an Imperialist" ------ Shades of truth,are beginning to surface in this thread.
"greasy,lazy and corrupt" ---- Fair description of our Political Masters in Dublin and London.
" B in Bonnett" ------ Really? . Is that the Best you can come up with???.
For the sensible contributors . I agree that this situation is very serious.Dont know what the consequences will be if contagion takes hold ,
but it wont be easy on ANY country.
I think Greece just needs to be offered a truce - an exemption from paying any interest for the money already borrowed so long as they make a start
on paying back the capital. It's easy for the Germans to insist on applying more and heavier austerity measures but they recognise from their
own history after WW 1 this is no way of making people maleable and compliant it just makes them downtrodden, angry and resentful. The power of the
EU as weilded by Germany and France is frightening- I couldn’t believe it when Angela Merkel got to view the proposed Irish budget before most of the
Irish Government.
Thank heavens France has given Tea Cozy the order of the boot - we might now see some proper balance against the otherwise unstoppable growth of the
4th Reich (aka the EU).
quote:
I think Greece just needs to be offered a truce - an exemption from paying any interest for the money already borrowed
Nobody can say we will not be affected by this as UK shares have fallen 1.8% this morning, the french and germans have had bigger falls.
This has global implications, even china has seen a fall in exports this quarter.
The Global financial system needs better controls to prevent the "gambling" of the investment banks (that is all it is).
I read an artical about the mathmatician who came up with the algorithm that has been blamed for the 2008 crash, he defended it by saying that most of
the bankers using it did not understand the data it required to be acurate or the information being produced. This is the problem with the autimated
investment systems we have today.
I blame the whole problem on computers and greedy people.
Ditch
quote:
I read an artical about the mathmatician who came up with the algorithm that has been blamed for the 2008 crash
What i dont understand is "Govements borrowing huge amounts of money, and not paying it back" is all ok
yet if i do not pay back my mortgage or a loan its fraud
also if i was to borrow £500,000 i would need to put up somthing to use against the loan, say my parents houses(hehe)
What do countrys use against thier huge loans? their personlaties?
Well said.
The banks trading in stocks and shares are all highly automated - they won't confess how automated but over 30% of all deals are by a computer to
another computer. This allows shares to be bought and sold again in under a second . If the wrong perameters are entered into the computer .....well
you get the picture.
Some people are too cleaver for their own good.
Ditch
quote:
The banks trading in stocks and shares are all highly automated
agreed, the government want the kids to go to uni and get a degree, but there are no jobs for them.
get rid of the automated trading and employ some of the degree holders woking in macdonalds.
if you can trade shares in under a second then when there is a twitch in the market this will be accellerated by the computer and faster than a
person can see what is happening and put it right.
look at the gambling at JP Morgan £2bn in bad bets
ditch
as me being Greek, should i give you the heads up a bit on how we managed to get to this stage?
I say forgive most of the debt, let inflation take hold in Greece, and let things even out as they would naturally. The banks are greedy barstewards and can live without a few sheckals at this point.
quote:
Originally posted by l0rd
as me being Greek, should i give you the heads up a bit on how we managed to get to this stage?
quote:
Originally posted by theconrodkid
,i have seen the rise of Poland from a tatty hole where if you were lucky you had a trabant, now everyone has a merc or BMW.
quote:
Originally posted by Puzzled
Hey conradkid
You seem to have some form of perverse pleasure in others misfortune. Its no joke to witness a nation on its knees. Do you think your "little Island" will be immune from fall out if the Eurozone collapses??. Be careful what you wish for.
quote:
Originally posted by 02GF74
quote:
Originally posted by theconrodkid
,i have seen the rise of Poland from a tatty hole where if you were lucky you had a trabant, now everyone has a merc or BMW.
Sorry but you are talking rubbish. Not everyone has a merc nor bmw and it was not certainly paid for by the EU.
Take a look in the history books to see why Poland was a tatty hole - to help you out: Yalta conference. After WW2 ended, Roosevelt and Churchill, despite having promised to ensure Poland would become a free state, reneged under pressure from Stalin and sold out Poland and other Eastern european countries to the Soviets. The Soviets ruined those countires so it is no surprised a Trabant was a luxury. Poland and the other Eastern European now shaken of the shackles Soviet rule are playing catch up so it is more like the West, like what it should have been if it were not for Yalta.
The interesting thing is if everyone is in huge debt who has got all the money hmmmm
quote:
Originally posted by ashg
The interesting thing is if everyone is in huge debt who has got all the money hmmmm
quote:
Originally posted by ashg
The interesting thing is if everyone is in huge debt who has got all the money hmmmm
is a wanker
Is a midget
And has no money. Or so he says. He does have a lot of cars and real estate (allegedly).
There never was any money; just numbers in a column on a page, on a computer. Seriously. That doesn't mean imaginary figures won't ruin the
western world as we know it. Remember, 'real' money, is just a promise to pay the person who has it, with actual stuff/goods. It only
represents what the government/bank decides.
china seem to be doing alright... thats where i reckon its all gone...
interestingly though, as said above, there never was any money. Money doesn't actually exist. a £10 note isn't money, it says on it, the
bank of england (or bank of scotland, royal bank of scotland, clydesdale bank etc) promises to pay the bearer on demand, the sum of £5, £10, £20, £50
etc, all you're handing over is a promise that the bank will pay you, but they never do, they just give you more empty promise IOU's in the
form of a bit of paper.
and the banks certainly never gave all these notes over either.
weird isn't it. we all worry about something that doesn't really exist. money is a religion really i guess...
I shall have to ask the bank for ten pounds in exchange for this note.. See what happens
Sorry but you are talking rubbish. Not everyone has a merc nor bmw and it was not certainly paid for by the EU.
Take a look in the history books to see why Poland was a tatty hole - to help you out: Yalta conference. After WW2 ended, Roosevelt and Churchill,
despite having promised to ensure Poland would become a free state, reneged under pressure from Stalin and sold out Poland and other Eastern european
countries to the Soviets. The Soviets ruined those countires so it is no surprised a Trabant was a luxury. Poland and the other Eastern European now
shaken of the shackles Soviet rule are playing catch up so it is more like the West, like what it should have been if it were not for Yalta.
sorry but,on my first visit there the airport was litrally a tin shed on an old milatary base,the whole place was a dump,go now,the airport has a
hotel,cargo area and is 3 stories high,new shopping centres in the main towns,new motorways and many more motorways being built,BM and merc dealers
abound,there are new industrial estates and houses poping up.
i was there the day they joined the EU,they was celebrating on the street (i wonder why),everyone with a large garden suddenly called it a farm and
got subsidies,the change has been incredible.
where did the money come from?
on the positive side if you're going on holiday in europe your money should go a little further
quote:
Originally posted by franky
on the positive side if you're going on holiday in europe your money should go a little further
Money does exist - coins. Only the paper money is a promise. If you go into the bank and ask for 10 pounds in exchange for a note as ninehigh says,
they'll just give you ten - pounds.
Unless the note says 'put all the money in the brown paper bag and keep quiet', then you might end up with a bag of promises, or jail
quote:
Originally posted by blakep82
china seem to be doing alright... thats where i reckon its all gone...
interestingly though, as said above, there never was any money. Money doesn't actually exist. a £10 note isn't money, it says on it, the bank of england (or bank of scotland, royal bank of scotland, clydesdale bank etc) promises to pay the bearer on demand, the sum of £5, £10, £20, £50 etc, all you're handing over is a promise that the bank will pay you, but they never do, they just give you more empty promise IOU's in the form of a bit of paper.
and the banks certainly never gave all these notes over either.
weird isn't it. we all worry about something that doesn't really exist. money is a religion really i guess...
Yes, but the vast majority of it does not actually exist. The banks loan out many many many many many times what they actually have on deposit. Where
does that come from? Other loans look like money to the fabricators called accountants and so it goes.
The sad part is that the populations think the governments are corrupt (yes even in Canada) and don't trust them to sort it. Why do you think the
bridges in Montreal are all falling apart after 30 or 40 years, when others have lasted? Corruption in the construction industry, that's why.
This is the real problem nowadays.
Please come to our GP. The city needs the money.
'twas a joke, I wasn't suggesting there are huge vats of £1 coins stashed around the country, duck tales stylee
Never sure these days. People get all bent out of shape on the internet! Optimism does not come naturally to some of us.
quote:
Originally posted by theconrodkid
sorry but,on my first visit there the airport was litrally a tin shed on an old milatary base,the whole place was a dump,go now,the airport has a hotel,cargo area and is 3 stories high,new shopping centres in the main towns,new motorways and many more motorways being built,BM and merc dealers abound,there are new industrial estates and houses poping up.
i was there the day they joined the EU,they was celebrating on the street (i wonder why),everyone with a large garden suddenly called it a farm and got subsidies,the change has been incredible.
where did the money come from?
i dont want to get into an argument with anyone,my point is,i would rather belive my own eyes that the words of a politico.
the facts are,like certain types of people,if you gave a random selection of people £1000 and came back a month later,some would have a new TV and
some trainers,some would have a house.
the Poles have done very well out of europe and when herman knocks on the door they will have something to show,other countries will have last week,s
trainers and a broken TV,the poor saps from GB France and Germany are the ones funding all this.
quote:
Originally posted by 02GF74
quote:
Originally posted by theconrodkid
sorry but,on my first visit there the airport was litrally a tin shed on an old milatary base,the whole place was a dump,go now,the airport has a hotel,cargo area and is 3 stories high,new shopping centres in the main towns,new motorways and many more motorways being built,BM and merc dealers abound,there are new industrial estates and houses poping up.
i was there the day they joined the EU,they was celebrating on the street (i wonder why),everyone with a large garden suddenly called it a farm and got subsidies,the change has been incredible.
where did the money come from?
rather than starting a pissing match, take a look here
I don't think the extra 207 € is quite enough to trade a Trabant for a BMW..... but at least they have something for show for it, unlike the Greeks who received 282 €. If anyone should be pissed off, it is the Dutch.
quote:
Originally posted by theconrodkidi have seen the rise of Poland from a tatty hole where if you were lucky you had a trabant,now everyone has a merc or BMW.
quote:
Originally posted by Simon
What are you on about - that € 207 per head is what the country got from the EU over its own contributions which amounts to (as it says in the article) "Since its accession to the EU the country has received from the European Union EUR50,344,000,000 - over € 50 billion - same with Poland and every other previously broke country. Who do you think pays for it. If all these countries are receiving this sort of money, it's our country along with france and germany et al who's paying for it.
quote:
Originally posted by Peteff
quote:
Originally posted by theconrodkidi have seen the rise of Poland from a tatty hole where if you were lucky you had a trabant,now everyone has a merc or BMW.
Mostly because they drove their Trabby to Germany and nicked a BMW or Merc and drove it back to Poland Like this. Some of my friends went over to Germany on bikes a couple of years ago and four bikes were stolen, the police found them dumped in a dike waiting to be picked up and just dismissed it out of hand saying it would be Poles.