[Game_Over]

Josieful, on 31 March 2012 - 12:35 PM, said:

Yes I agree and the post referred to was very informative about how the Greeks have suffered from inflation at a time that economic theory would have told you they would not have any! And that it was being made worse by the wage cuts.....

How will they ever repay the debt with falling real wages? Is an insightful question.

Answer

They are never going to repay the debt.

They have already defaulted - just not 100%

Yet.....

[copydude]

Game_Over, on 31 March 2012 - 04:01 PM, said:

Answer

They are never going to repay the debt.

Well, that's politics versus maths again, innit.

The Greek economy is (maybe now was) 80% tourism and service industries.

Its tourism and services, thanks to overvalued Euros, are 40% overvalued in comparison to its nearest competitor. Turkey. To which the EU has insisted on adding 25% VAT on every glass of retsina and restaurant bill . . . only to bury its service industry still deeper.

Euro exit might not save Greece from long term debt. But at least it could become competiitive again. Overnight.

[Errol]

Pensioner shoots himself at Greek Parliament, refuses to 'search for food in garbage'

A 77-year-old Greek man has committed suicide in central Athens by the nation’s parliament, shooting himself with a handgun in apparent financial desperation.

The suicide was released by the Greek newspaper Proto Thema. In the note, the deceased forecasts the Greek government a fate similar to Benito Mussolini’s if they continue robbing young people of their future.

“Young people without a future will one day take up arms and hang the traitors upside down in Syntagma Square, as the Italians did to Mussolini in 1945,” the message reportedly reads.

http://rt.com/news/greece-suicide-218/

[timebandit]

Errol, on 04 April 2012 - 03:52 PM, said:

Pensioner shoots himself at Greek Parliament, refuses to 'search for food in garbage'

A 77-year-old Greek man has committed suicide in central Athens by the nation’s parliament, shooting himself with a handgun in apparent financial desperation.

The suicide was released by the Greek newspaper Proto Thema. In the note, the deceased forecasts the Greek government a fate similar to Benito Mussolini’s if they continue robbing young people of their future.

“Young people without a future will one day take up arms and hang the traitors upside down in Syntagma Square, as the Italians did to Mussolini in 1945,” the message reportedly reads.

http://rt.com/news/greece-suicide-218/

Thank you Errol for the link, the full suicide letter. I do not suppose this will be the arab spring moment, started by the Tunisian "Burning Man".

Quote

Christoulas reportedly wrote the following:

The Tsolakoglou government has annihilated all traces for my survival, which was based on a very dignified pension that I alone paid for 35 years with no help from the state. And since my advanced age does not allow me a way of dynamically reacting (although if a fellow Greek were to grab a Kalashnikov, I would be right behind him), I see no other solution than this dignified end to my life, so I don’t find myself fishing through garbage cans for my sustenance. I believe that young people with no future, will one day take up arms and hang the traitors of this country at Syntagma square, just like the Italians did to Mussolini in 1945

[Errol]

Today's Ebay Special - The Country Of Greece

http://www.zerohedge...-country-greece

- Auction has now been removed.

[copydude]

Errol, on 05 April 2012 - 06:21 PM, said:

Today's Ebay Special - The Country Of Greece

http://www.zerohedge...-country-greece

- Auction has now been removed.

I liked the comment:

Quote

Hurry, before everyone commits suicide.

EU = Euthenasia Universal

[interestrateripoff]

http://www.zerohedge...servant-coffers

Quote

Now that the time has come to expect Greek March economic data, which will show an acceleration in the total financial collapse of a society which is merely used as an intermediary to bail out insolvent European banks, something that virtually everyone takes for granted, together with a third bailout package sometime in the late summer, we can focus on the more entertaining developments out of the country that has become a symbol of all that is broken in Europe. Such as this story from Greek Protothema that one can now hire a cop for as little as €30/hour. €20 more gives one the option of chosing between the Athenian version of Erik Estrada, together with bike and ambiguous sexual tendencies, or a K-9 option. Finally, for those who are in need of urgent transport from point A to point B in total security, the Greek police choppers can be had for as little as €1500 an hour. In other words, one can own a 24/7 full-time militia of 20 policemen for as little as €14,400 a month. Naturally, the Greek PD has stooped so low because it simply has no money, and in its attempt to protect and serve, it has to do a little paid moonlighting on the side.

I wonder how long before you have to give the Greek police a little brown envelope to investigate a crime? Or an even bigger one so they don't?

[SeeYouNextTuesday]

http://www.businessi...n-greece-2012-4

[John The Pessimist]

http://www.irishtime...breaking35.html

Rent-a-rozzer for €30! The Greeks have made it legal to "hire" the police. Of course it will br restricted to "sensitive" and "high-risk" people and property.

Will it be long before they're also available for hen parties and making sure you get to the airport on time?

Will you need an "insurance" number before you can make the Greek equivalent of a 999 call?

[Karelian Pine]

Things hotting up a bit: http://www.dailymail...-150k-jobs.html

[interestrateripoff]

http://www.zerohedge...ng-home-albania

Quote

Four months ago we presented what was easily the clearest and most undiluted by media propaganda clue about the future of the European experiment, when we noted that even immigrants from places such as Afghanistan and Bangladesh, using Greece as a stepping stone onward to the gateway Shengen country of Italy, no longer have the urge to pursue their European dreams, and instead return home. As Art Cashin explained, "Over the decades, immigrants from Afghanistan, Bangladesh and other poor nations would work their way to Patras. They would stay for days or weeks awaiting a chance to smuggle themselves on to a freighter headed for Italy. Once there, they could make their way north into Europe to find hope and opportunity and maybe a job. Last week his relatives told him that things were changing. The immigrants still come to their way station of Patras (hope still blooms). But now, after a couple of weeks in Greece, they are trying to hop ships going the other way. They are going back home. Life was better, or at least no worse, where they came from and they had friends and family for support back there."

Sums up how bad it really is.

[SeeYouNextTuesday]

interestrateripoff, on 10 April 2012 - 08:02 PM, said:

http://www.zerohedge...ng-home-albania



Sums up how bad it really is.

The german plan all along

[TheCountOfNowhere]

http://www.bbc.co.uk...europe-17673917

"Greece election announced for 6 May"

"Mr Papademos, an economist, was made prime minister last November to help steer Greece through its debt crisis."

"He told a cabinet meeting that the government had left behind "an important legacy" and would continue its work during the election campaign."

Get your pop corn ready.

[The Ayatollah Buggeri]

Just enough time for all the Labour Party functionaries who have been busy in Haringey and Lewisham stuffing postal ballots for Livingstone to be recruited as election monitors in Greece...

[geezer466]

Haven't all the major parties likely to win seats at this election signed up to the EU shitestorm bailout conditions anyway?

What's the chances of an anti EU candidate emerging and being swept to power on a exit and default message?