Australian Politics Forum - Greek Election Results

angeleyes Gold Member Offline Australian Politics Posts: 615	Re: Greek Election Results Reply #15 - Jun 19^th, 2012 at 9:24am When the EU was formed the rules and regulations weren't followed by certain countries. They are the countries now in strife.
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Grey

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Re: Greek Election Results
Reply #16 - Jun 19^th, 2012 at 9:36am

angeleyes wrote on Jun 19^th, 2012 at 9:24am:

When the EU was formed the rules and regulations weren't followed by certain countries. They are the countries now in strife.

Banks used to have rules. They abandoned them for greater profits. Who broke 'the rules' Greece or the EU? Who was refereeing this game? Where's the power?

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Amadd Gold Member Offline Mo Posts: 6217	Re: Greek Election Results Reply #17 - Jun 19^th, 2012 at 9:43am Grey...grow a brain please? That was ridiculous.
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Grey Gold Member Offline Australian Politics Posts: 5341 Gender:	Re: Greek Election Results Reply #18 - Jun 19^th, 2012 at 9:45am Amadd wrote on Jun 19^th, 2012 at 9:43am: Grey...grow a brain please? That was ridiculous. No, your 'reply' is ridiculous... and brainless.
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Amadd

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Re: Greek Election Results
Reply #19 - Jun 19^th, 2012 at 9:55am

Quote:

No, your 'reply' is ridiculous... and brainless.

Quote:

Well who's 'us' Amadd? If you look to Asia to provide the model 'us' is the RICH who get and maintain their wealth by exploiting.

Well "us" is Australia and it is AOK for Asian countries to rise up in a democratic world.
Unionism sold itself out. It's a damned pity for us they sold out our intentions, but hey, you gotta respect what nature has to say also.

We are all out for ourselves. We must play it that way and stop crying about it.

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bobbythefap1 Gold Member Offline Posts: 7026 Listen now to the rain	Re: Greek Election Results Reply #20 - Jun 19^th, 2012 at 9:57am Amadd wrote on Jun 19^th, 2012 at 9:43am: Grey...grow a brain please? That was ridiculous. Can you explain what it was ridiculous???
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Amadd

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Re: Greek Election Results
Reply #21 - Jun 19^th, 2012 at 10:03am

Have a look at what you might find ridiculous here please.

Quote:

Well who's 'us' Amadd? If you look to Asia to provide the model 'us' is the RICH who get and maintain their wealth by exploiting.

Is working in sweat shops for bugger all, your recommendation to Greeks, Italians, Spanish and Irish workers or all workers everywhere?

The Greeks borrowed too much and must pay it back, we are told, by Germans. But Germans didn't like 'Austere' too much themselves when made to pay back the damage caused by rampaging in WW1. So they rampaged again in the forties and got more lenient conditions imposed on them, so in a sense they won WW2.

Germany says the Greeks borrowed too much... but they want to lend more. How does that work? Can you blame the Greeks? Australians are the most leveraged citizens on Earth, are things going to get 'austere' here? Apparently because wages and conditions are being erroded now and these are the 'good' times, when we have the best economy on the planet.

If the rich borrow too much they go bankrupt; but it never seems to effect their lifestyle. Or their business goes into liquidation, but they are not their business, that's a seperate entity. They start another one. Looks to be a good system. One the Greeks should try. Of course their German bankers want to control them and bleed them. Well silly investors have only themselves to blame.

F;ck 'growth' and all who sail on her. A game of MONOPOLYtm cannot last forever, even when the 'winners' refuse to accept they've won and keep the game going by 'letting off' and lending more. Sooner or later frustration builds and the board goes in the air. Capitalism is the concentration of money into bigger and bigger parcels, it's not an infinite process. Greeks are not to blame for the way the dice roll.

Edit: Hey Pansi, watched your video after posting, great minds think alike Grin

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Grey

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Re: Greek Election Results
Reply #22 - Jun 19^th, 2012 at 10:08am

Amadd wrote on Jun 19^th, 2012 at 9:55am:

Quote:

No, your 'reply' is ridiculous... and brainless.

Quote:

Well who's 'us' Amadd? If you look to Asia to provide the model 'us' is the RICH who get and maintain their wealth by exploiting.

Well "us" is Australia and it is AOK for Asian countries to rise up in a democratic world.
Unionism sold itself out. It's a damned pity for us they sold out our intentions, but hey, you gotta respect what nature has to say also.

We are all out for ourselves. We must play it that way and stop crying about it.

If we were all out for ourselves we'd trade amongst ourselves and develop our own country and its resources. Way to go IMO, at least until the 'level playing field' is level.

Yes unions are corrupted, they need deregulating and the right to strike. Striking is open and honest, price fixing is not. There are more associations amongst business than unions but they mustn't collude? Ha!

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"It is in the shelter of each other that the people live" - Irish Proverb

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bobbythefap1

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Re: Greek Election Results
Reply #23 - Jun 19^th, 2012 at 10:11am

Amadd wrote on Jun 19^th, 2012 at 10:03am:

Have a look at what you might find ridiculous here please.

Quote:

Well who's 'us' Amadd? If you look to Asia to provide the model 'us' is the RICH who get and maintain their wealth by exploiting.

Is working in sweat shops for bugger all, your recommendation to Greeks, Italians, Spanish and Irish workers or all workers everywhere?

The Greeks borrowed too much and must pay it back, we are told, by Germans. But Germans didn't like 'Austere' too much themselves when made to pay back the damage caused by rampaging in WW1. So they rampaged again in the forties and got more lenient conditions imposed on them, so in a sense they won WW2.

Germany says the Greeks borrowed too much... but they want to lend more. How does that work? Can you blame the Greeks? Australians are the most leveraged citizens on Earth, are things going to get 'austere' here? Apparently because wages and conditions are being erroded now and these are the 'good' times, when we have the best economy on the planet.

If the rich borrow too much they go bankrupt; but it never seems to effect their lifestyle. Or their business goes into liquidation, but they are not their business, that's a seperate entity. They start another one. Looks to be a good system. One the Greeks should try. Of course their German bankers want to control them and bleed them. Well silly investors have only themselves to blame.

F;ck 'growth' and all who sail on her. A game of MONOPOLYtm cannot last forever, even when the 'winners' refuse to accept they've won and keep the game going by 'letting off' and lending more. Sooner or later frustration builds and the board goes in the air. Capitalism is the concentration of money into bigger and bigger parcels, it's not an infinite process. Greeks are not to blame for the way the dice roll.

Edit: Hey Pansi, watched your video after posting, great minds think alike Grin

Its not easy to face reality, but it is worth it.

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Amadd Gold Member Offline Mo Posts: 6217	Re: Greek Election Results Reply #24 - Jun 19^th, 2012 at 10:44am An easy few grand I suppose if you have faith in how people will react.
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Grey Gold Member Offline Australian Politics Posts: 5341 Gender:	Re: Greek Election Results Reply #25 - Jun 19^th, 2012 at 11:25am Amadd wrote on Jun 19^th, 2012 at 10:44am: An easy few grand I suppose if you have faith in how people will react. God knows what that's supposed to mean
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Doctor Jolly Gold Member Offline Australian Politics Posts: 3808	Re: Greek Election Results Reply #26 - Jun 19^th, 2012 at 1:40pm Meanwhile, back on topic. Greece have chosen a right wing government. This is interesting because the greek budget does not have a problem with government spend. It does have a problem with government revenue (ie tax). How does the low-taxing right wing government deal with an insufficient tax base ?
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perceptions_now

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Re: Greek Election Results
Reply #27 - Jun 19^th, 2012 at 2:22pm

angeleyes wrote on Jun 19^th, 2012 at 9:24am:

When the EU was formed the rules and regulations weren't followed by certain countries. They are the countries now in strife.

You may find that the EU was aware that some of the countries now in MOST strife, did not meet the initial rules and regulations, to join in the EURO fun, but the EU view was that they couldn't get under way, without the likes of Italy, Spain & to a lesser extent Portugal, so the EU bent their own rules and allowed them in.

The other issue was/is, what these and other countries, including Greece have reported before & after joining the EU and with Greece (in particular), they had the "assistance" of some major banks (including Goldman Sucks), which "may" have "bent" the rules "greatly".

In any event, even those countries whom are supposedly strong, such as Germany, France, the UK & the USA, are far from strong with Debt to GDP ratio's currently around 80%, 90%, 85% & 105% respectively. There are many interpretations & variations on these figures, but the following site may give some indications on current figures, although I would completely disregard their future projections, as they are likely to be worthless, come next year!
http://en.wikipedia.org/wiki/List_of_countries_by_future_gross_government_debt

As a comparison, Japan is current around 240% & Greece around 190%, whereas Australian, notwithstanding the usual Political banter, is actually very well placed, at around 20%.

It is worth noting that the country with the greatest Debt to GDP ratio, being Japan, is the country who started the greying of their population some 15 years prior to the rest of the world.

In fact, the Japanese trend is well worth looking at & keeping in mind. Their share market now sits at some 22% of its 1989 peak
http://au.finance.yahoo.com/echarts?s=^N225#symbol=^n225;range=my;compare=;indic...

And, the Japanese real estate market is still a long way under its 1990 peak.

The Japanese trend came largely because of the Aging Demographics and it also came despite a robust world Economy, which had not yet been hit by their own Aging Demographics, nor by Energy Supply shortages, nor by the nastier side of the changes to the Global Climate.

It is therefore safe to surmise that the Global future will be at least on par, if not worse than the post 1990 Japanese experience!

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John Smith Gold Member Offline Australian Politics Posts: 74836 Gender:	Re: Greek Election Results Reply #28 - Jun 19^th, 2012 at 3:47pm of course the Greeks voted to bring in the austerity programme ... when they bugger up the EU, they'll do so from behind .... the EU may think that it's safe, but it's just delaying the inevitable ....
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