Greece financial bailout, and the mood of other Euro users. - Page 4 - maemo.org

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orcocan	2010-05-04 , 18:35
Posts: 80 \| Thanked: 10 times \| Joined on Jan 2010	#31

Originally Posted by DeargDoom

Im curious. What exactly should they learn from the Irish?

public sector got pay cuts of 10%, barristers opted for voluntary paycuts, were imposed the heaviest emergency budget for 30 years, they moaned of course they moaned but i didnt see anyone going on strike...

	Dave999	2010-05-04 , 18:47
	Posts: 7,075 \| Thanked: 9,073 times \| Joined on Oct 2009 @ Moon! It's not the East or the West side... it's the Dark Side	#32

just call berlin. They have some serious money.

The problem is that not only EUR countries have to pay. But not as much as the greek themself.

seeking loan for $55 billion...how do you do that?

DeargDoom	2010-05-04 , 18:48
Posts: 66 \| Thanked: 70 times \| Joined on Apr 2010 @ Paris	#33

Originally Posted by orcocan

public sector got pay cuts of 10%, barristers opted for voluntary paycuts, were imposed the heaviest emergency budget for 30 years, they moaned of course they moaned but i didnt see anyone going on strike...

Actually there were strikes. And as far as I know the public sector paycuts are more than 10%.

On the other hand the small minority who got very rich during the boom have gotten their enourmous debts effectively paid off by the state at a much higher cost than the savings made by reducing the salaries of those who did little to cause the bust. This will ultimately be paid off by Europe too I would imagine.

I would not recommend following Irelands example. I am glad I no longer pay taxes there.

mmurfin87	2010-05-04 , 18:51
Posts: 307 \| Thanked: 157 times \| Joined on Jul 2009 @ Illinois, USA	#34

No free bailouts EVER. If you can't pay your bills and nobody will loan you money YOUR BUSINESS FAILS. End of story.

	kevloral	2010-05-05 , 22:16
	Posts: 134 \| Thanked: 247 times \| Joined on Sep 2009 @ Spain, EU	#35

Originally Posted by sajman

not just Greece,

Spain, Portugal and Ireland are on the brink of going the same way

Greece could loose their credit rating and cant borrow money leaving them in deep poop.

Im kinda happy England aren't part of the EURO

Oh, really?

2009 public debt:
Spain: 53.2 (% of GDP)
UK: 68.1 (% of GDP)

2009 budget balance:
Spain: -8.9 (% of GDP)
UK: -9.5 (% of GDP)

Read a little bit and learn:

UK budget deficit 'to surpass Greece's as worst in EU'

Source: http://www.guardian.co.uk/business/2...se-than-greece

Last edited by kevloral; 2010-05-05 at 22:22.

	debernardis	2010-05-06 , 05:27
	Posts: 2,142 \| Thanked: 2,054 times \| Joined on Dec 2006 @ Sicily	#36

We're in the same situation - we need honesty, competence, and innovation, both us and our polititians (which is the most difficult part). We also need solidarity, otherwise EU is bound to die.

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	ossipena	2010-05-06 , 06:21
	Posts: 3,159 \| Thanked: 2,023 times \| Joined on Feb 2008 @ Finland	#37

if I must be honest:

fcuk you Greece. I really pity Germany now.

I hope IMF screws you so badly you will cry for next 100 years.

Yes this is rough but hey, who has the right and duty to vote there?!?

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	ossipena	2010-05-06 , 06:27
	Posts: 3,159 \| Thanked: 2,023 times \| Joined on Feb 2008 @ Finland	#38

Originally Posted by moi

is the least you can do. After all, you central and northern european still come on summer to our coasts and enjoy our sun, but also our Public Health System, which pays what you don't want to pay in your homecountry. If you don't get it is just because you're not retired yet. They'll explain, don't you worry.

what about replacing the fckers that made your public health system so bad? it is not the abusers fault if abusing is practically permitted.

when people come to your coasts, they bring money. €€€, $$$$$

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	Ken-Young	2010-05-06 , 06:43
	Posts: 387 \| Thanked: 1,700 times \| Joined on Feb 2010 @ Cambridge, MA, USA	#39

Originally Posted by sophocha

Well, if you are living on 700 Euros for the rest of your life without the prosper of a raise in the near future, that`s what makes an individual not go to work everyday....he/she becomes passive.....that`s what happened to the Greek people; total ignorance for the future.....that, and the tax evasion doctors and laywers, a poor job managment combined with the economic crisis that Mr Bush created....1+1=2

Don't blame this on Bush alone. Both parties in the US are completely under the control of the financial "industry". People move back and forth between Goldman Sachs and the Federal government regardless of which party controls the White House. It goes back at least as far as Reagan.
Obama is not one iota better than Bush in this regard.

	ossipena	2010-05-06 , 07:15
	Posts: 3,159 \| Thanked: 2,023 times \| Joined on Feb 2008 @ Finland	#40

Originally Posted by Ken-Young

Don't blame this on Bush alone. Both parties in the US are completely under the control of the financial "industry". People move back and forth between Goldman Sachs and the Federal government regardless of which party controls the White House. It goes back at least as far as Reagan.
Obama is not one iota better than Bush in this regard.

saying that Mr Bush created the crisis only tells a lot from the guy saying things like that... (mainly tells about lack of understanding anything except knowing who is in the highest position)

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