Thank goodness for Social Security!The good news just keeps on coming
Greece
- Thread starter Brownslave688
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Thebrownblob
Well-Known Member
Old farts
Broke ass farts. The smelliest kind!
greece was part of the EU which means they couldnt print their own money. otherwise their crisis wouldve been shorter. actually there is a free lunch if youre french and german banks
Begging your pardon but Greece wasn't forced into the EU and printing billions to pay benefits leads to worthless money. They.knew they couldn't pay the banks back and borrowed anyways. How are the banks being rescued a free lunch? The Greeks are in an austerity program to pay the EU back.
greece is bankrupt and still bankrupt. they cant afford it. i dont recall hearing about them borrowing from french and german banks the reason why they had banking problems.
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Neither can the United States
govts never pay back their debt, they roll it over.
im not sure how the US debt works, its probably backed by the military empire. when that ends maybe the debt wont be affordable. at least US can print its own money, greece couldnt do that but almost did that before they caved in.
We are out of money here also
That's exactly why they are bankrupt. They borrowed from banks outside their country. They assumed they would come up with a way to cover their payments. They were wrong.
no thats not it.
go read yanis varoufakis adults in the room like i did.
the first bail out to the german banks was around 500 billion. the second bail out was 400 billion this one was related to greek bankruptcy. however it was portrayed as giving money to greece when in reality it went to the banks as well. it was a cover up. for every bad debtor there is a bad lender.
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It went to the banks on Greece's behalf. That's why the austerity program. Greece is paying back their debt.
theyre bankrupt. they cant afford to pay it back.
and why funnel it through greece? its obviously a cover up. the german banks took 1 trillion in bailouts.
Canada?
morally bankrupt hahah
The whole world is
Greece owed them that. It's called austerity for a reason. The money Greece is saving is going to pay off the debt.
they cant pay off the debt.
Yanis Varoufakis: Greece’s Debt Is More Unsustainable Than Ever
Ahead of Greece’s general election on Sunday, the business press claims that the country is bouncing back from its years of austerity. Yanis Varoufakis tells Jacobin why, for ordinary Greeks, the situation is only getting worse.
jacobin.com
Babagounj
Strength through joy
The Greeks have found a way to repay all those bank loans.
Tourists call a restaurant in Greece 'cheaters and thieves' after accusing it of charging them $776 for a cocktail, 3 glasses of OJ, and some squid and shrimp
Reviewers have called the restaurant a "scam" and claimed they weren't able to see prices before they ordered.
www.businessinsider.com
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