Greece about to drown in debt.

Discussion in 'The Clubhouse Bar' started by Prestwick, Dec 14, 2009.

  1. Prestwick

    Prestwick Guest

    http://news.bbc.co.uk/1/hi/business/8411749.stm

    Make of it what you will but I will say this: anyone who knows someone who is either Greek, Greek Cypriot or has even been to Greece on holiday will tell you how tax evasion is Greece's 3rd national sport next to football and Turk-bashing and how the government have rigged the figures for decades to hide the gaping hole in public finances and the fact that billions of Lira and then Euro in tax wasn't being paid to the government's coffers. And I don't mean "rigged" as in "oh, lets just change the size of this bar chart slightly so that the deficit looks like its smaller than it really is" rigged, I mean "rigged" as in "lets just blatantly lie about basically all of our economic statistics so we can get in the Eurozone and keep lying so we can avoid getting penalised for running excessively high deficits year on year" rigged.

    Obviously Britain and Ireland have serious issues of their own but Greece has had an..uh.."issue" for the best part of half of century and the fact that nobody, nobody seemed to see this coming is astonishing. Hindsight is a wonderful thing and all but when its common knowledge that the stats bureau people were more dodgy than the actual politicians and that people didn't really seem to be paying any VAT on stuff they buy then..argh, I've got a headache just thinking about it..I'm withdrawing from this conversation and I'll let you chumps figure it out.
     
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  3. feicarsinn

    feicarsinn Guest

    Wait, so we're not going to be the first EU state to collapse? Hussah! :D
     
  4. shtove

    shtove Guest

    UK will be first. Anyone see Darling's laugh a minute pre-budget report? Written by the one-eyed twat, of course. Vomiting treason to maximise the Labour vote. Increase taxes, increase spending, when the country's major industry is insolvent!!!

    Germany will step in for Greece - rough 'em up for a few weeks to make them do what Ireland is doing, then some innovative safety net gets put in place. Stand back and see how the bond market reacts.

    Ireland's national average wage is €41k - did I get that right? :lol: Reduce by 50% and stir constantly to prevent burning. UK's not much better - trolly-dollies at BA on £55k pa have just voted to strike over Christmas. I hope they all get the sack and have their buy-to-let properties repossessed.

    Asians work harder, save more, and deserve it more - and they're determined to get it. But I expect they're just as faaarked in the end with their lying governments.
     
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