Growing financial crisis in Europe???
Feb 9th 2010, 4:21 pm
#32
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Re: Growing financial crisis in Europe???
I read an article which pointed out that a large proportion of the Greek economy is black, and therefore, untaxed.
I wonder how the Germans will feel about having to bail out a country when the Greek government isn't so good at collecting taxes?
I wonder how the Germans will feel about having to bail out a country when the Greek government isn't so good at collecting taxes?
Feb 17th 2010, 12:25 am
#34
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Joined: Nov 2009
Location: Sydney
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Re: Growing financial crisis in Europe???
WOW – seems the EU is really angry now:
http://www.telegraph.co.uk/finance/f...vereignty.html
“The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty”.
The Greeks are REALLY going to be piddled off with that. They are already protesting and rioting on a daily basis. The chances of George Papandreou tightening the collective belts is zero, meaning the EU will step in and increase taxes and decrease spending itself.
That sounds like Hitler slipping over the border to Poland to me......
http://www.telegraph.co.uk/finance/f...vereignty.html
“The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty”.
The Greeks are REALLY going to be piddled off with that. They are already protesting and rioting on a daily basis. The chances of George Papandreou tightening the collective belts is zero, meaning the EU will step in and increase taxes and decrease spending itself.
That sounds like Hitler slipping over the border to Poland to me......
Feb 17th 2010, 7:40 am
#35
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Joined: Jun 2005
Posts: 9,316
Re: Growing financial crisis in Europe???
WOW – seems the EU is really angry now:
http://www.telegraph.co.uk/finance/f...vereignty.html
“The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty”.
The Greeks are REALLY going to be piddled off with that. They are already protesting and rioting on a daily basis. The chances of George Papandreou tightening the collective belts is zero, meaning the EU will step in and increase taxes and decrease spending itself.
That sounds like Hitler slipping over the border to Poland to me......
http://www.telegraph.co.uk/finance/f...vereignty.html
“The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty”.
The Greeks are REALLY going to be piddled off with that. They are already protesting and rioting on a daily basis. The chances of George Papandreou tightening the collective belts is zero, meaning the EU will step in and increase taxes and decrease spending itself.
That sounds like Hitler slipping over the border to Poland to me......
Also, I think you may have fallen foul of Godwin's law.
From the article: "Greece may yet surprise critics by mustering its Spartan Spirit". Does that mean they're all going to get naked and smear themselves with oil to get out of financial difficulties. Maybe it is just like Poleland.
Last edited by MartinLuther; Feb 17th 2010 at 7:46 am.
Feb 17th 2010, 10:58 am
#37
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Joined: Nov 2009
Location: Sydney
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Re: Growing financial crisis in Europe???
2Am, Wolfs Lair, deep in Germany:
Ring Ring, ring ring, ring ring
Hilter: Hello, Wolfs Lair 90210
Mussolini: Adolph, is that you?
Hitler: Hi Musso mate, hows it hanging?
Mussolini: Adolph, things aren’t going well in Greece
Hitler: yaaa yaaa yaaa, go burn a few villages. That’s what I do.
Mussolini: No Adolph, they borrowed shedloads of cash, now they say they are broke. They refuse to chip in for the beers.
Hitler: So bomb a few cities. The Luftwaffe Debt Collection Team always gets results – apart from those bloody British.
Mussolini: Adolph, our collective credibility is on the line here mate. The world thinks we are a bunch of European peasants with big mouths and small wallets.
Hitler: So what you want from me?
Mussolini: Well Adolph, if you could lend Greece a bit of cash, things might be ok.
Hitler: Ohhh Yaaaaa, then its Spain who cant afford the rent, and Portugal that’s behind with the payments on the TV. Bloody hell, next thing you will be telling me your pockets are empty.
Mussolini: Well now you mention it Adolph, things are a bit tight. I could do with a sub myself.
Hitler: I wish I never got into bed with you bunch of ragged ass locals. Whats in it for me?
Mussolini: Well Adolph, everyone will owe you money, and you will have control of all of Europe.
Hitler: Ok, Ok, I will get Herr Merkel to write a cheque. But I want all Europe kissing my ass!
Mussolini: Ok, ok, both cheeks and one up your Ruhr Valley. Just don’t go invading Russia when this is over. Remember last time…
Hitler: Ohhh yaaaaaa.
Click.
Ring Ring, ring ring, ring ring
Hilter: Hello, Wolfs Lair 90210
Mussolini: Adolph, is that you?
Hitler: Hi Musso mate, hows it hanging?
Mussolini: Adolph, things aren’t going well in Greece
Hitler: yaaa yaaa yaaa, go burn a few villages. That’s what I do.
Mussolini: No Adolph, they borrowed shedloads of cash, now they say they are broke. They refuse to chip in for the beers.
Hitler: So bomb a few cities. The Luftwaffe Debt Collection Team always gets results – apart from those bloody British.
Mussolini: Adolph, our collective credibility is on the line here mate. The world thinks we are a bunch of European peasants with big mouths and small wallets.
Hitler: So what you want from me?
Mussolini: Well Adolph, if you could lend Greece a bit of cash, things might be ok.
Hitler: Ohhh Yaaaaa, then its Spain who cant afford the rent, and Portugal that’s behind with the payments on the TV. Bloody hell, next thing you will be telling me your pockets are empty.
Mussolini: Well now you mention it Adolph, things are a bit tight. I could do with a sub myself.
Hitler: I wish I never got into bed with you bunch of ragged ass locals. Whats in it for me?
Mussolini: Well Adolph, everyone will owe you money, and you will have control of all of Europe.
Hitler: Ok, Ok, I will get Herr Merkel to write a cheque. But I want all Europe kissing my ass!
Mussolini: Ok, ok, both cheeks and one up your Ruhr Valley. Just don’t go invading Russia when this is over. Remember last time…
Hitler: Ohhh yaaaaaa.
Click.
Last edited by slapphead_otool; Feb 17th 2010 at 11:11 am.
Feb 17th 2010, 11:08 am
#38
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Joined: Jun 2005
Posts: 9,316
Re: Growing financial crisis in Europe???
Hitler's Diary (as bought by the Times)
1st September 1939
Read the papers. Had a good talk with Mussolini. Must remember to get some milk and invade Poland.
1st September 1939
Read the papers. Had a good talk with Mussolini. Must remember to get some milk and invade Poland.
Feb 18th 2010, 1:08 am
#39
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Location: with the Carnaby cockatoos
Posts: 526
Re: Growing financial crisis in Europe???
More bad news from the UK
http://news.bbc.co.uk/2/hi/business/8521587.stm
http://news.bbc.co.uk/2/hi/business/8521587.stm
Feb 18th 2010, 11:35 am
#40
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Re: Growing financial crisis in Europe???
More bad news from the UK
http://news.bbc.co.uk/2/hi/business/8521587.stm
http://news.bbc.co.uk/2/hi/business/8521587.stm
Somewhere else on thsi site is a thread about how Britain will soon be Great again by positive thinking.
Its such a bloody joke that the proponents should be prosecuted for stupidity.
Feb 18th 2010, 7:30 pm
#41
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Joined: Nov 2008
Posts: 839
Re: Growing financial crisis in Europe???
It's so sad that some of you are so deluded and can't afford to choose where to live(think about that) that you run a place down that you profess to have no interest in returning to.
The uk provides many great oppertunities for some depending on your profession.
Keep taking the medication and enjoy the great southern utopia
The uk provides many great oppertunities for some depending on your profession.
Keep taking the medication and enjoy the great southern utopia
Feb 18th 2010, 7:55 pm
#42
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Joined: Jun 2003
Location: Melbourne, Victoria
Posts: 524
Re: Growing financial crisis in Europe???
It's so sad that some of you are so deluded and can't afford to choose where to live(think about that) that you run a place down that you profess to have no interest in returning to.
The uk provides many great oppertunities for some depending on your profession.
Keep taking the medication and enjoy the great southern utopia
The uk provides many great oppertunities for some depending on your profession.
Keep taking the medication and enjoy the great southern utopia
Feb 18th 2010, 7:58 pm
#43
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Joined: Jun 2003
Location: Melbourne, Victoria
Posts: 524
Re: Growing financial crisis in Europe???
Are many people here following the brewing financial crisis is Europe?
http://www.abc.net.au/news/stories/2...m?site=thedrum
It seems like we are in for another bumpy ride - and this time it is sovereign nations in trouble, rather than banks.
Most of the attention right now is on Greece, which has a net external liabilities of 87pc of GDP, or €208bn (£182bn).
But Spain is worse at 91pc (€950bn), and Portugal worse yet at 108pc (€177bn);
For some reason Britain seems lumped in – although it isn’t part of the Eurozone.
Anyone got any feelings on this?
http://www.abc.net.au/news/stories/2...m?site=thedrum
It seems like we are in for another bumpy ride - and this time it is sovereign nations in trouble, rather than banks.
Most of the attention right now is on Greece, which has a net external liabilities of 87pc of GDP, or €208bn (£182bn).
But Spain is worse at 91pc (€950bn), and Portugal worse yet at 108pc (€177bn);
For some reason Britain seems lumped in – although it isn’t part of the Eurozone.
Anyone got any feelings on this?
I bet Gordon Brown would love to have Greek levels of external debt.
UK debt is 400% of GDP
Ireland debt is 1000% of GDP
http://www.cnbc.com/id/30308959/
Feb 18th 2010, 8:01 pm
#44
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Thread Starter
Joined: Nov 2009
Location: Sydney
Posts: 4,565
Re: Growing financial crisis in Europe???
Steady on there Kev, the thread is about the current PIGS crisis – basically they are so deep in debt to GDP that they are dead men walking, being kept alive by their membership of the Eurozne.
This isn’t a knock Britain thread, it’s a serious look at the economic problems in Europe.
Today’s newspapers pointed out that Britains public borrowing last month was £4.3 billion – almost a 20 year high.
The shortfall in the British budget this year is heading to over £180 billion – higher than even the Chancellor’s forecast of a record £178 billion.
The Greek debt is 12.7% of GDP. Britain is heading for 12.8% of GDP.
Optimism wont fix that. The IMF will, and with the IMF will come stringent cutbacks.
This isn’t a knock Britain thread, it’s a serious look at the economic problems in Europe.
Today’s newspapers pointed out that Britains public borrowing last month was £4.3 billion – almost a 20 year high.
The shortfall in the British budget this year is heading to over £180 billion – higher than even the Chancellor’s forecast of a record £178 billion.
The Greek debt is 12.7% of GDP. Britain is heading for 12.8% of GDP.
Optimism wont fix that. The IMF will, and with the IMF will come stringent cutbacks.
Feb 18th 2010, 10:12 pm
#45
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: Growing financial crisis in Europe???
Steady on there Kev, the thread is about the current PIGS crisis – basically they are so deep in debt to GDP that they are dead men walking, being kept alive by their membership of the Eurozne.
This isn’t a knock Britain thread, it’s a serious look at the economic problems in Europe.
Today’s newspapers pointed out that Britains public borrowing last month was £4.3 billion – almost a 20 year high.
The shortfall in the British budget this year is heading to over £180 billion – higher than even the Chancellor’s forecast of a record £178 billion.
The Greek debt is 12.7% of GDP. Britain is heading for 12.8% of GDP.
Optimism wont fix that. The IMF will, and with the IMF will come stringent cutbacks.
This isn’t a knock Britain thread, it’s a serious look at the economic problems in Europe.
Today’s newspapers pointed out that Britains public borrowing last month was £4.3 billion – almost a 20 year high.
The shortfall in the British budget this year is heading to over £180 billion – higher than even the Chancellor’s forecast of a record £178 billion.
The Greek debt is 12.7% of GDP. Britain is heading for 12.8% of GDP.
Optimism wont fix that. The IMF will, and with the IMF will come stringent cutbacks.
