• Welcome to DOSBODS

    Please consider creating a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

Sign in to follow this  
SpectrumFX

Everything is fine in Greece!

Recommended Posts

Always wary of graphs that start at a convenient point.

eg on GDP If you go back as far as you can on this website the GDP is where you'd expect it to be according to long-term trends.

https://tradingeconomics.com/greece/gdp

They just had a massive debt binge when they joined the Euro and have paid the consequences in recent years. No-one to blame but themselves.

Share this post


Link to post
Share on other sites
1 minute ago, Fischer said:

Always wary of graphs that start at a convenient point.

eg on GDP If you go back as far as you can on this website the GDP is where you'd expect it to be according to long-term trends.

https://tradingeconomics.com/greece/gdp

They just had a massive debt binge when they joined the Euro and have paid the consequences in recent years. No-one to blame but themselves.

As they say, the lender always has the power in these relationships. 

 

The bailouts, from Germany, has gone almost solely on bailing out german bank loans, not on the Greek people. If the Germans want to be idiots, as they were in the 2000s, and lend billions to countries with even worse age demographics than their own, I guess thats up to them. But all they should be able to get back are a load of clapped out, dusty 10 year old Porsche Cayennes and other high end things they flogged to Greek boomers in the last decade. It shouldnt be the next generation of Greeks who are on the hook. 

Share this post


Link to post
Share on other sites
3 minutes ago, Fischer said:

Always wary of graphs that start at a convenient point.

eg on GDP If you go back as far as you can on this website the GDP is where you'd expect it to be according to long-term trends.

https://tradingeconomics.com/greece/gdp

They just had a massive debt binge when they joined the Euro and have paid the consequences in recent years. No-one to blame but themselves.

And the people and institutions that let them join the Euro despite the fact that they didn't meet the entry criteria, and then lent money based on Germany's credit rating rather than their own.

The whole thing is a cluster fuck.

 

 

Share this post


Link to post
Share on other sites
37 minutes ago, SpectrumFX said:

And the people and institutions that let them join the Euro despite the fact that they didn't meet the entry criteria, and then lent money based on Germany's credit rating rather than their own.

The whole thing is a cluster fuck.

 

 

The bailout was all about saving German and French banks not the Greek economy.

Share this post


Link to post
Share on other sites
1 minute ago, dgul said:

To be entirely fair (to the EU), that graph starts at the peak of the madness.  To see the real effect of the EU you'd have to go back to the mid 90's -- when free trade across the EU really got going, and marking the start of the 'German money' that flooded in, made everything go bonkers, then collapse.

Trouble is, if you've always had nothing then you set up society to work that way.  Families hold together, local industries work with local consumers, etc.  The foreign money disrupted all that, made everyone have everything, then they took it all away -- leaving gaping holes that 'the way things used to be done' couldn't fill.

Bloody top post! 

Share this post


Link to post
Share on other sites
4 minutes ago, dgul said:

To be entirely fair (to the EU), that graph starts at the peak of the madness.  To see the real effect of the EU you'd have to go back to the mid 90's -- when free trade across the EU really got going, and marking the start of the 'German money' that flooded in, made everything go bonkers, then collapse.

Trouble is, if you've always had nothing then you set up society to work that way.  Families hold together, local industries work with local consumers, etc.  The foreign money disrupted all that, made everyone have everything, then they took it all away -- leaving gaping holes that 'the way things used to be done' couldn't fill.

That's the trouble with monoculture. 

When it fails everybody's fucked.

 

Share this post


Link to post
Share on other sites
7 hours ago, Fischer said:

Always wary of graphs that start at a convenient point.

eg on GDP If you go back as far as you can on this website the GDP is where you'd expect it to be according to long-term trends.

https://tradingeconomics.com/greece/gdp

They just had a massive debt binge when they joined the Euro and have paid the consequences in recent years. No-one to blame but themselves.

Bit of a downer if that massive shitstorm hits when you just turn 18 and lasts a decade with no end in sight... long term trend or not 

Share this post


Link to post
Share on other sites

https://www.dailymail.co.uk/news/article-6890523/Hundreds-migrants-shut-Greek-train-station.html

Hundreds of migrants have stormed a train station and clashed with riot police in Greece as part of an attempt to reopen a land route to Germany.

Mothers carrying their babies were seen running from tear gas while fires were started amid chaotic scenes in the village of Diavata, close to the Greek border with Northern Macedonia.

Migrants had gathered in the field hoping to make their way illegally up through the Balkans towards northern Europe. It followed reports on social media of plans for an organised movement to cross Greece's northwest border with Albania in early April.  

In Athens, refugees were seen lying on train tracks shouting 'Germany!' and 'open the borders' in a separate protest at the main railway station in Athens. 

 

Im not sure why Greece doesn’t let them all head off to Germany. It is what merkel would want. 

Share this post


Link to post
Share on other sites
2 hours ago, The Masked Tulip said:

Yep, let them go. So why don't the Greek leaders do that? Do they serve the Greek people or the Germans? A question we might be asking of our own politicians.

Well yes, but they want to come here! Welcomed with open arms!

Share this post


Link to post
Share on other sites
3 hours ago, The Masked Tulip said:

Yep, let them go. So why don't the Greek leaders do that? Do they serve the Greek people or the Germans? A question we might be asking of our own politicians.

They don't do it because, despite 1000 years of troubles with their near neighbours, they don't hate them that much.  

[They hate the Germans -- they hated them in the 50's, in the 90's and they still hate them.]

Share this post


Link to post
Share on other sites
28 minutes ago, dgul said:

They don't do it because, despite 1000 years of troubles with their near neighbours, they don't hate them that much.  

[They hate the Germans -- they hated them in the 50's, in the 90's and they still hate them.]

Ah, so they do not wish to inflict them on the countries just north of them. Meanwhile Turkey - which loves Greece - is letting them through despite being paid billions by the EU not to?

Share this post


Link to post
Share on other sites
Posted (edited)
27 minutes ago, The Masked Tulip said:

Ah, so they do not wish to inflict them on the countries just north of them. Meanwhile Turkey - which loves Greece - is letting them through despite being paid billions by the EU not to?

Turkey hates Greece.

[and Greece hates Turkey]

Edited by dgul

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.