Stuff you should know about Greece

  • Posted by a hidden member.
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    Jun 30, 2015 3:35 PM GMT
    Ultimately [the Euro exit] will allow the underlying conditions that caused the default (having rampant corruption in all aspects of Government and the economy) to remain.


    http://markdow.tumblr.com/post/122619790095/greece-its-time-and-its-going-to-be-okay
  • ATLANTIS7

    Posts: 1213

    Jun 30, 2015 3:59 PM GMT
    Good article they should move on as its got boring now!
  • HottJoe

    Posts: 21366

    Jun 30, 2015 4:07 PM GMT
    I think the Greeks need to return to their semi nudist ultra body conscious roots, championing the perfect male form and reinstating the bicurious naked Olympics. That way they can raise money from a booming gay tourist industry and sell moar yogurt. I'd totally go there!!
  • tj85016

    Posts: 4123

    Jun 30, 2015 4:09 PM GMT
    Spain, Italy and then France are next - just give it some time
  • HottJoe

    Posts: 21366

    Jun 30, 2015 4:17 PM GMT
    tj85016 saidSpain, Italy and then France are next - just give it some time

    They could always try to pawn off the Mona Lisa to the king of Saudi Arabia.icon_confused.gif
  • tj85016

    Posts: 4123

    Jun 30, 2015 4:39 PM GMT
    crooked politicians (and dumb voters) borrowing money they know they can't ever pay back and corrupt bankers lending money they know can never be payed back

    and the idiot citizens are eventually surprised - classic

    cry me a river Greece, Puerto Rico, Detroit, Spain, Portugal, Brazil and Italy - you're all fools
  • HottJoe

    Posts: 21366

    Jun 30, 2015 4:49 PM GMT
    tj85016 saidcrooked politicians (and dumb voters) borrowing money they know they can't ever pay back and corrupt bankers lending money they know can never be payed back

    and the idiot citizens are eventually surprised - classic

    cry me a river Greece, Puerto Rico, Detroit, Spain, Portugal, Brazil and Italy - you're all fools

    Puerto Rico would be much better off if they were state and not just a territory. They could bounce back like Detroit, or at least have the cushion of being fully vested in the union.
  • conservativej...

    Posts: 2465

    Jun 30, 2015 4:51 PM GMT
    What is hilarious is that the Greeks have asked for another bailout this very day. We are a little over 5 hours away from official default to the IMF with the spigot being shut off. The IMF will take a $32BB hit which is easily manageable. It is Greece that will suffer.
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    Jun 30, 2015 6:17 PM GMT
    so.....I leave for Greece in 2 weeks. Ill be spending a week in the islands and then continuing on through Europe.

    Seasoned traveler here, but not exactly economy/business savvy in this regard. Should I make other arrangements and go somewhere else or will i still be able to travel around the country?

    Any help would be awesome!
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    Jun 30, 2015 6:21 PM GMT
    Greek men are hot!
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    Jun 30, 2015 6:35 PM GMT
    coloradojock16 saidso.....I leave for Greece in 2 weeks. Ill be spending a week in the islands and then continuing on through Europe.

    Seasoned traveler here, but not exactly economy/business savvy in this regard. Should I make other arrangements and go somewhere else or will i still be able to travel around the country?

    Any help would be awesome!


    This drama will take a while longer to resolve and the effects should either be minimal or positive to you (though more people will be desperate for cash). Be prepared to bring extra cash - apparently only 40% of ATMs are working. I'd even consider converting USD as late as possible as the Euro should continue to go down relative to the USD (hence the positive effect).

    Avoid the protests but apparently foreign credit cards and debit cards will work but I wouldn't expect them to... plan accordingly. Also you'll know more by Monday in terms of the path the Greeks choose to go and how the markets react. Definitely don't convert currency yet though...

    Keep an eye on this link (the US State department will also update its advisories for travellers - you should register when you get there with the consulate if you're feeling particularly cautious but frankly, it sounds like the risks are minimal to travellers - especially since they want the hard currency that you'd spend travelling):
    http://www.etraveladvisories.com/int/lookup/default.asp?sid=5050505053717532630201333833
  • bro4bro

    Posts: 1035

    Jun 30, 2015 7:33 PM GMT
    coloradojock16 saidso.....I leave for Greece in 2 weeks. Ill be spending a week in the islands and then continuing on through Europe.

    Seasoned traveler here, but not exactly economy/business savvy in this regard. Should I make other arrangements and go somewhere else or will i still be able to travel around the country?

    Any help would be awesome!


    The islands are on a different planet than Athens. They could be running rampant in the streets in Athens, pillaging and looting and raping and whatever, but the islands would still be mellow and fun. As long as there are tourist Euros coming in (and there will be), the islands will be fine.

    Enjoy your trip!
  • conservativej...

    Posts: 2465

    Jun 30, 2015 8:10 PM GMT
    coloradojock16 saidso.....I leave for Greece in 2 weeks. Ill be spending a week in the islands and then continuing on through Europe.

    Seasoned traveler here, but not exactly economy/business savvy in this regard. Should I make other arrangements and go somewhere else or will i still be able to travel around the country?

    Any help would be awesome!


    For the near term you will be ok to use Euros in Greece. I would exchange into Euros before hitting the airport in Greece. Most of the ATMs in Greece are run from Switzerland believe it or not and you should be ok to use U.S. issued cards for cash. Keep in mind however paper Euros are going to become scarce very quickly.

    I suggest you enjoy your status there as a non-Greek paying in euros. You will be scalped price wise however.

    Now is a good time by-the-way to purchase your Aegean home. :-)
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    Jun 30, 2015 8:22 PM GMT
    tj85016 saidSpain, Italy and then France are next - just give it some time


    France has problems, but be sure we wont go that far. America has it own, same for Germany ... Live by the german border, and the grass isnt greener there. Neither in America. Nowadays every country are connected. And as someone said earlier, even if greece goes back to semi nudist kinda livestyle ... its gonna be ok icon_redface.gif. I feel like the same way. You dont need to have lots of money to enjoy a good way of life in France, neither in Spain, or Italy... Good food, good weather, friends, family... no need to eat craps like mcdonald or Coca cola, when you know how to cook veges and meat produce localy, free of Monsanto product ... I think we have been to far, or to fast, but coming back to a more sustainable, and simple life style would benefit all (expect banks and big coorporations). Europe had influenced our way of living for way to long, or way to fast... lets big politicians, and company play their game, and focus on more local connection...

  • tj85016

    Posts: 4123

    Jun 30, 2015 8:31 PM GMT
    come on man, France has 25% unemployment - even your former FInance Minister, Pierre Moscovici , said the French economic situation was "worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years”.

    and in the EU, that means austerity

    the EU is a failure and so is the Euro, you gave up your freedoms to a bunch of assholes in Brussels and now you're fucked

    Italy and Spain are done also
  • Posted by a hidden member.
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    Jun 30, 2015 8:54 PM GMT
    tj85016 saidcome on man, France has 25% unemployment - even your former FInance Minister, Pierre Moscovici , said the French economic situation was "worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years”.

    and in the EU, that means austerity

    the EU is a failure and so is the Euro, you gave up your freedoms to a bunch of assholes in Brussels and now you're fucked

    Italy and Spain are done also


    While I appreciate France has its economic difficulties at the moment there exists the level of human skills, infrastructure and connections to be a viable point for investment.

    Where France does have its disadvantage is the strength of its works councils in comparison to other European countries, which comes down to the economic system they use. Devolution of power in that area would likely further incentivise investment.
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    Jun 30, 2015 9:08 PM GMT
    tj85016 saidcome on man, France has 25% unemployment - even your former FInance Minister, Pierre Moscovici , said the French economic situation was "worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years”.

    and in the EU, that means austerity

    the EU is a failure and so is the Euro, you gave up your freedoms to a bunch of assholes in Brussels and now you're fucked

    Italy and Spain are done also


    25% seriously ?

    was 10% on the 24th of June.
    Germany doesnt have high unemployement rate cause part of jobless people arent count in it. Got a fucking low wages, and people have to get couple of jobs to pay the bill. I go to germany every second day ( leave less than a kilometers from the border), and worked their as a teenager... it might appear calm, but this country is close to explode as well. And if you say america is doing fine, its because you are in a good situation, and not looking at all the pooverty and problem that america is facing.

    Also Greece doesnt have strong industry, and rely only on tourism. Unlike Argentina back in 2001, the devaluation of the money help the country to go back on track since, as the soja price boomed the past decade, and the low currency arrived at the perfect timing. Not gonna happen for greece.

    France is far different from either Greece and Germany, but has a strong economy even if it declined lately. US is for sure the srtongest, but think Europe as ONE economic land, not countries. We say the United State of America, but if you look closer, california was near bankrupty not far ago, detroit is a ghost town . France gives a lot of money away to keeps europe going , and yes we did gave away freedom to Bruxelles, as liberalism has been the new economic model. But we DONT leave people on a side, its a european community ... not a Union of Sates.

    How long did it take to built the USA ? Berlin been reunified only 25 years ago ! it take time, and mistake can be made on the way . I believe in Europe of People not Europe of finance. Dont let me start on Michel Sapin, he is a dumb guy. He is left wing and been elected on a socialism program. Its time to make change, and not give away money...

    At the end of the day, I live in a beautiful country with great food,not eating crap, GMO, pills to stay healthy,etc... It not because greece, or france if you considare it that way, doesnt succeed in the global economy that US impose to the world, that we are loosers. We work, know how to work, and probably dont fit in the global picture of liberalism US is actualy painting...






  • Posted by a hidden member.
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    Jun 30, 2015 9:10 PM GMT
    tj85016 saidcome on man, France has 25% unemployment - even your former FInance Minister, Pierre Moscovici , said the French economic situation was "worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years”.

    and in the EU, that means austerity

    the EU is a failure and so is the Euro, you gave up your freedoms to a bunch of assholes in Brussels and now you're fucked

    Italy and Spain are done also


    lol
    You are so jaded - I can't recall when you last had anything positive to say about anything or anyone.
  • Buddha

    Posts: 1767

    Jun 30, 2015 9:18 PM GMT
    My main problem with Greece is that its citizens got a neo-nazi party into parliament.

    John Oliver has already said anything I want to say about that:

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    Jun 30, 2015 9:24 PM GMT
    Sparks said
    tj85016 saidcome on man, France has 25% unemployment - even your former FInance Minister, Pierre Moscovici , said the French economic situation was "worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years”.

    and in the EU, that means austerity

    the EU is a failure and so is the Euro, you gave up your freedoms to a bunch of assholes in Brussels and now you're fucked

    Italy and Spain are done also


    While I appreciate France has its economic difficulties at the moment there exists the level of human skills, infrastructure and connections to be a viable point for investment.

    Where France does have its disadvantage is the strength of its works councils in comparison to other European countries, which comes down to the economic system they use. Devolution of power in that area would likely further incentivise investment.


    Thanks someone understand my point of view.
    France has difficulties but nothing unsurmountable.
    Also if works councils are indeed a problem for a liberalism model. But I believe in Quality , over quantity. home made pizza, over a domino double cheese crust, GMO tomatoes,with creamy topping and glitters coming out of a unicorn... Isnt just the same standart. Cant even think of using same hourly rate as China, or even east European countries, quality, and innovation are going to be our strenght. Just stop buying our cheese and wine, I will defo stop eating in mac donald ... Greece is only the part of the iveberg you can see, and its whole globalized crazy comsumption world we are talking about.

    As always, new civilization will comes from Europe. US is only following rules that British brought them a century ago.
    I think it was the Dalai Lama sayin that, Europe will always be the granparents of the world.
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    Jun 30, 2015 9:24 PM GMT
    HFrenchM saidI feel like the same way. You dont need to have lots of money to enjoy a good way of life in France, neither in Spain, or Italy... Good food, good weather, friends, family... no need to eat craps like mcdonald or Coca cola


    Just fyi -
    "By 2007, France had become the second-most profitable market in the world for McDonald's, surpassed only by the land that gave the world fast food. Against McDonald's, Bové had lost in a landslide."

    http://www.slate.com/articles/life/food/2009/06/how_mcdonalds_conquered_france.html
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    Jun 30, 2015 9:26 PM GMT
    HottJoe saidI think the Greeks need to return to their semi nudist ultra body conscious roots, championing the perfect male form and reinstating the bicurious naked Olympics. That way they can raise money from a booming gay tourist industry and sell moar yogurt. I'd totally go there!!


    They all became fat women!!
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    Jun 30, 2015 9:27 PM GMT
    Also - (of course they were talking about 2012)... But it's fun watching Hollande "govern"

    French Economy In "Dire Straits", "Worse Than Anyone Can Imagine", Leaked NSA Cable Reveals
    http://www.zerohedge.com/news/2015-06-29/french-economy-dire-straits-worse-anyone-can-imagine-leaked-nsa-cable-reveals
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    Jun 30, 2015 9:30 PM GMT
    coloradojock16 saidso.....I leave for Greece in 2 weeks. Ill be spending a week in the islands and then continuing on through Europe.

    Seasoned traveler here, but not exactly economy/business savvy in this regard. Should I make other arrangements and go somewhere else or will i still be able to travel around the country?

    Any help would be awesome!


    You'll be fine! Maybe take some cash....of some kind. Have fun.
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    Jun 30, 2015 9:39 PM GMT
    riddler78 said
    HFrenchM saidI feel like the same way. You dont need to have lots of money to enjoy a good way of life in France, neither in Spain, or Italy... Good food, good weather, friends, family... no need to eat craps like mcdonald or Coca cola


    Just fyi -
    "By 2007, France had become the second-most profitable market in the world for McDonald's, surpassed only by the land that gave the world fast food. Against McDonald's, Bové had lost in a landslide."

    http://www.slate.com/articles/life/food/2009/06/how_mcdonalds_conquered_france.html


    Mac Donald have to follow specific rule, regarding food quality they are selling . Ingredients used are a better quality than in the US.
    But I saw how Starbucks had to back off and close many shops in AUstralia, mac donald isnt far from this in many place, and hopefully in France too. I think changmeent gonna take time, but our generation is looking at a new kind of emerging civilization. We rached our feever pick .