Why does everyone care about Greece so much?

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Old May 16, 2012, 1:02pm   #31
 
Joules MM1's Avatar
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Re: Why does everyone care about Greece so much?

and this weeks interweb word du jour: Grexit

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Old May 16, 2012, 1:25pm   #32
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Re: Why does everyone care about Greece so much?

Quote:
Originally Posted by new_trader View Post


In a world of managed fiat currencies it baffles me how anyone can think that currency manipulation is going to give one country an advantage over another. There is zero logic to this argument. A country has to live within its productive capacity. They either have to become more productive or cut spending. But Governments hate to cut spending, so rather than being limited to living off the revenue it gets from taxing the productive sector of the economy, they engage in ever increasing deficit spending and promising to pay for it all by taxing the rich more and more...the socialist ideal!

Two pizza shops on the same street operate within the same currency regime so they canít manipulate currencies in order to compete with one another. They each have to find ways to outcompete by being more efficient and more productive. Somehow, Governments have duped the brain-dead masses into believing that things work differently in the international arena.
Keep it up mate, I can see that you are very much in to politics, a bit on the right side...

Do you know that there is a new breed of politicians growing stronger in Italy (movimento 5 stelle) and in Germany (Pirates), defined by the "system" as apolitical and in my view very active trying to change this stagnated and very controlled(by few) society.
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Old May 16, 2012, 3:29pm   #33
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Re: Why does everyone care about Greece so much?

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Originally Posted by Mike Kshemaraja View Post
Do you know that there is a new breed of politicians growing stronger in Italy (movimento 5 stelle) and in Germany (Pirates), defined by the "system" as apolitical and in my view very active trying to change this stagnated and very controlled(by few) society.
Sounds impressive. But the system cannot be changed until people's heads get chopped off. Every generation of elites will refuse to believe it can happen to them until it happens to them.
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Old May 16, 2012, 6:31pm   #34
 
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Re: Why does everyone care about Greece so much?

I'm apolitical as it happens, i think it is the only way pragmatic decisions can be made. Right now its a race to the bottom between the Euro and the Dollar, the Euro looks like is going to lose first. Germany will be a winner either way, the last thing its willing to do is print money and that is why they want austerity. America's recovery is smoke and mirrors. All the QE money had to go somewhere, and it has artificially inflated stocks, so i imagine they wont be far behind. With Greece it is has always been politics over economics with relation to the Euro project as i think someone mentioned earlier. Undoubtedly the Greeks lived beyond their means, had a terrible tax system and should never have been in the Euro-zone in the first place, but certain banks had fees to earn and political will helped them earn them.

Picture of Greek finance ministry - http://www.zerohedge.com/news/must-s...ed-one-picture

Brief article on the apparent 'run' that has started on the Greek banks. - Has The Greek Bank Run Started? | ZeroHedge
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Old May 17, 2012, 11:48am   #35
Joined Mar 2012
Re: Why does everyone care about Greece so much?

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Originally Posted by sinimini View Post
I'm apolitical as it happens, i think it is the only way pragmatic decisions can be made. Right now its a race to the bottom between the Euro and the Dollar, the Euro looks like is going to lose first. Germany will be a winner either way, the last thing its willing to do is print money and that is why they want austerity. America's recovery is smoke and mirrors. All the QE money had to go somewhere, and it has artificially inflated stocks, so i imagine they wont be far behind. With Greece it is has always been politics over economics with relation to the Euro project as i think someone mentioned earlier. Undoubtedly the Greeks lived beyond their means, had a terrible tax system and should never have been in the Euro-zone in the first place, but certain banks had fees to earn and political will helped them earn them.

Picture of Greek finance ministry - Must See: Greece Explained In One Picture | ZeroHedge

Brief article on the apparent 'run' that has started on the Greek banks. - Has The Greek Bank Run Started? | ZeroHedge
Good post.
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Old May 17, 2012, 4:16pm   #36
Joined May 2004
Re: Why does everyone care about Greece so much?

maybe the answer for Greece is to kick Germany out of the euro
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Old May 17, 2012, 4:42pm   #37
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Re: Why does everyone care about Greece so much?

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maybe the answer for Greece is to kick Germany out of the euro
LOL, I think that is a good idea.
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Old May 17, 2012, 4:45pm   #38
Joined Mar 2012
Re: Why does everyone care about Greece so much?

The Germans say: we like the Italians but we do not like what they do.

The Italians say: we do not like the Germans but we like what they do.

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Old May 17, 2012, 5:17pm   #39
 
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Re: Why does everyone care about Greece so much?

Thought the attached summed things up quite well.
(Can't find an online link to it. Someone sent me this)
Attached Thumbnails
euro-situation.jpg  
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Thanks! The following members like this post: Liquid validity
Old May 17, 2012, 5:27pm   #40
Joined Sep 2010
Re: Why does everyone care about Greece so much?

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Originally Posted by montmorencyt2w View Post
Thought the attached summed things up quite well.
(Can't find an online link to it. Someone sent me this)

http://www.trade2win.com/boards/gene...ml#post1855162
Best 2 posts in this thread.
Sums it up perfectly
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