What you think about Greece? (A NON TECHNOLOGY POST)

[TheNeutraliser]

What you think about Greece? And what people there should do? Its this the start of the end? or what .
its just a General Discussion so i can post here.
i never see before a post with some kind of this problem.
Be serious please, Thank you

[Florb]

Problems with Greece:

1) 42 Working Hours, only 16 of those is actually efficient working hours, what a waste of time and overtime salary. (Germany has >32 Working hours a week, less but all of those hours are efficient and used to create exemplary products, i.e. Noctua, Cherry and etc.; This is from past experience).

2) Corruption. Insane Problem.

[Weak1ings]

Turnip...

 

It's the effect of a problem ignored far too long and never acted to solve.

[Jerakl]

From what I can tell they brought it on themselves.

[LancerBG]

I would leave that damn country. Went into the shitter. 

[Florb]

I would leave that damn country. Went into the shitter. 

An continue the problem into a new country, no thanks. Just think of it as Ebola...

[Atmos]

This is what happens when a country sinks so much money into a single industry. Tourism and hairy people can't be your only crafts.

[TheN00bBuilder]

Its got good technology.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PSSSTCHKEKELOELLELELELELLELELPSSSTCHKEK

[LancerBG]

An continue the problem into a new country, no thanks. Just think of it as Ebola...

 

does that statement not mean that you think the citizens were the problem? 

[W-L]

Wasn't the main issue that started this was they didn't keep tabs on their expenditures and revenues in the government other economies were like.. wut!

[Delusional Phil]

From what I can tell they brought it on themselves.

That's true ... 

 

This morning I watched the news ... The people of Greece said no to austerity measures ... I was like What ? Are these people insane ? There country is at debt ... All they have to do is get more efficient at work ... Pay their taxes and the government should collect more tax from the companies that doesn't pay tax ... 

[Hspasta]

These are good reads IMO.

 

http://www.interfluidity.com/v2/5965.html

https://medium.com/@gavinschalliol/thomas-piketty-germany-has-never-repaid-7b5e7add6fff

[adman29]

Well a mix of corruption, insane amounts of debt, and no way to pay that debt, Greece is.... Turnip!

 

But in all seriousness, Greece is financially fucked. Their position is tough, and so tough that I fear that I'll see a whole nation (not just Detroit this time) go into bankruptcy/default on their loans. This leaves Greece in an even tougher position (I'm not quite sure about what the penalty is on defaulting on this large of a loan/loans) because what I see happening is the IMF in a way taking over Greek politics indefinitely / Greece refusing to pay the debts and turning to the East (Moscow [Russia]), further making the west angry. Either way that this goes down, it will make the situation no better, unless we willingly allow Greece to default on their loans and do absolutely nothing about it. 

Now doing absolutely nothing about it poses even further consequences -- this sets a precedent that a nation doesn't have to pay their debts. Imagining this happening, the US may as well turn to China sticking up the middle finger saying: "Greece did it now we can too!" (Yeah I know, it's a slippery slope, but just a thought, and an entertaining one at that), along with any other nation in debt being able to do that to their hand's that feed.

Then there's the idea that they can turn to the East to pay off these loans, but this drifts them further from the west and only causes a bigger rift in politics, and only digs Greece into a larger hole than they already were, now owing debt not only to the IMF (or whoever they owe money to, honestly I can't remember) and Russia. 
The only true solution is for Greece to make a huge turn around in their economy, and have more exports than imports, and promote industry. However with their already strained budget, they can't "Oil the gears" to make this happen, unless they turn into a socialist nation over night (Which has even more implications with the whole East/West issue), Greece can't achieve this goal either, not to mention all of the equipment they would need to import. 

In short, Greece is Fucked, and has no easy way out. 

[stconquest]

From this thread:  http://linustechtips.com/main/topic/400924-rescue-greece-through-indiegogo-crowdfunding/page-9

 

 

Okay, got through the thread.  This is very general and speculative:

 

Greece's economy was always too small for the Euro.  They had problems with corruption before the Euro.  To many Greek citizens, their country's entry to the European Union simply added a new level of economic corruption to the mix.

 

Because of the recent austerity measures on the Greek community, there is a huge push to not give a shit about what happens to the Euro.  They want nothing more to do with it, in their hearts.  That is why you have a much different (from previous gov. bodies) government body in power right now.  The current government in Greece has no problem saying go f*ck yourself to the debt holders.  Geeez, they tried to claim almost 300 billion from Germany for WWII.  That is not because they thought it would work... they were saying F U.

 

The "Euro Zone" economy is debt based, it is a wonder that debt would be accumulate in most of the countries?  Defaulting on a debt is not a big surprise, at least not to me.

 

People can hate, or argue what is right or wrong, but the fact remains:  Greece can't pay, and they are now willing to start a moral war.

[blackadder]

Well a mix of corruption, insane amounts of debt, and no way to pay that debt, Greece is.... Turnip!

 

But in all seriousness, Greece is financially fucked. Their position is tough, and so tough that I fear that I'll see a whole nation (not just Detroit this time) go into bankruptcy/default on their loans. This leaves Greece in an even tougher position (I'm not quite sure about what the penalty is on defaulting on this large of a loan/loans) because what I see happening is the IMF in a way taking over Greek politics indefinitely / Greece refusing to pay the debts and turning to the East (Moscow [Russia]), further making the west angry. Either way that this goes down, it will make the situation no better, unless we willingly allow Greece to default on their loans and do absolutely nothing about it. 

Now doing absolutely nothing about it poses even further consequences -- this sets a precedent that a nation doesn't have to pay their debts. Imagining this happening, the US may as well turn to China sticking up the middle finger saying: "Greece did it now we can too!" (Yeah I know, it's a slippery slope, but just a thought, and an entertaining one at that), along with any other nation in debt being able to do that to their hand's that feed.

Then there's the idea that they can turn to the East to pay off these loans, but this drifts them further from the west and only causes a bigger rift in politics, and only digs Greece into a larger hole than they already were, now owing debt not only to the IMF (or whoever they owe money to, honestly I can't remember) and Russia. 

The only true solution is for Greece to make a huge turn around in their economy, and have more exports than imports, and promote industry. However with their already strained budget, they can't "Oil the gears" to make this happen, unless they turn into a socialist nation over night (Which has even more implications with the whole East/West issue), Greece can't achieve this goal either, not to mention all of the equipment they would need to import. 

In short, Greece is Fucked, and has no easy way out. 

we really don't know will happen when they default, there is no laws in place for this type of thing. it kind of happens on a state to state basis depending on how much greece owns them, the lenders could also sell the bad debt to a private company (happens more then you would think) they normally sue for the debt in court 10 years latter someone"greece" will pay the person who hold the rights to the debt. i believe this happen to Brazil big time not long ago, not sure. 

[TheNeutraliser]

These are good reads IMO.

 

http://www.interfluidity.com/v2/5965.html

https://medium.com/@gavinschalliol/thomas-piketty-germany-has-never-repaid-7b5e7add6fff

these are really good articles

[TheNeutraliser]

Well a mix of corruption, insane amounts of debt, and no way to pay that debt, Greece is.... Turnip!

 

But in all seriousness, Greece is financially fucked. Their position is tough, and so tough that I fear that I'll see a whole nation (not just Detroit this time) go into bankruptcy/default on their loans. This leaves Greece in an even tougher position (I'm not quite sure about what the penalty is on defaulting on this large of a loan/loans) because what I see happening is the IMF in a way taking over Greek politics indefinitely / Greece refusing to pay the debts and turning to the East (Moscow [Russia]), further making the west angry. Either way that this goes down, it will make the situation no better, unless we willingly allow Greece to default on their loans and do absolutely nothing about it. 

Now doing absolutely nothing about it poses even further consequences -- this sets a precedent that a nation doesn't have to pay their debts. Imagining this happening, the US may as well turn to China sticking up the middle finger saying: "Greece did it now we can too!" (Yeah I know, it's a slippery slope, but just a thought, and an entertaining one at that), along with any other nation in debt being able to do that to their hand's that feed.

Then there's the idea that they can turn to the East to pay off these loans, but this drifts them further from the west and only causes a bigger rift in politics, and only digs Greece into a larger hole than they already were, now owing debt not only to the IMF (or whoever they owe money to, honestly I can't remember) and Russia. 

The only true solution is for Greece to make a huge turn around in their economy, and have more exports than imports, and promote industry. However with their already strained budget, they can't "Oil the gears" to make this happen, unless they turn into a socialist nation over night (Which has even more implications with the whole East/West issue), Greece can't achieve this goal either, not to mention all of the equipment they would need to import. 

In short, Greece is Fucked, and has no easy way out. 

thats the truth

[TheNeutraliser]

That's true ... 

 

This morning I watched the news ... The people of Greece said no to austerity measures ... I was like What ? Are these people insane ? There country is at debt ... All they have to do is get more efficient at work ... Pay their taxes and the government should collect more tax from the companies that doesn't pay tax ... 

they voted NO , they are not insane or stupid , well im sure you dont know that a full time worker guy in greece earns 300~350 euro (MONTHLY EARNINGS) 

and what europe said ? 

europe said well if you vote yes you will stay in europe and we will help you , but the full time worker earnings will go to 200~250 euro the month , and ofc they said NO

they cant live with 250 euro the month , and is pretty rare to see someone having job in greece , if you gonna leave the job they gonna get someone else they dont care ... so lets be serious , you would say no ,too

[Delusional Phil]

they voted NO , they are not insane or stupid , well im sure you dont know that a full time worker guy in greece earns 300~350 euro (MONTHLY EARNINGS) 

and what europe said ? 

europe said well if you vote yes you will stay in europe and we will help you , but the full time worker earnings will go to 200~250 euro the month , and ofc they said NO

they cant live with 250 euro the month , and is pretty rare to see someone having job in greece , if you gonna leave the job they gonna get someone else they dont care ... so lets be serious , you would say no ,too

pretty much ... Yeah ... 

[Stadiz]

Greece is a example of corrupted politics that make the downfall any country.

Also the country stood still for way to long, didn't changed a thing for the better outcome for Greece.

 

And that the Greek Finance Minister Yanis Varoufakis is a man with no backbone.

English article:http://www.theguardian.com/world/2015/jul/06/greek-finance-minister-yanis-varoufakis-resigns-despite-referendum-no-vote (laughs)