Greece - SYRIZA, in the margin of the Eurozone

[Rowdy]

so perhaps they will not choose.
An other option is that EU and NATO chicken first.

awww...........you still think greece has a choice
Greece will be made an example of to scare portugal&spain,

 

[Rowdy]

Opening doors for immigrants from SEA and Non Muslims . these can bring their economy back on track .

everyone knows greece is bankrupt .... lol no decent immigrants are coming.

 

[Mad Indian]

awww...........you still think greece has a choice
Greece will be made an example of to scare portugal&spain,

yeah, there is that too right- if greek defaults and no consequence is there for that, others will default as well.

 

[Mad Indian]

everyone knows greece is bankrupt .... lol no decent immigrants are coming.

Lol. But certainly that is better than taxing the economy further and driving it further underground or blindly cutting spending on welfare alone, which does nothing to bring the economy back on track.

But I dont see any of this happening considering that Greeks have elected socialists into power. I am pretty sure that they are going to run Greece to the ground and then blame everyone else around them except themselves for that

 

[Rowdy]

Lol. But certainly that is better than taxing the economy further and driving it further underground or blindly cutting spending on welfare alone, which does nothing to bring the economy back on track.

But I dont see any of this happening considering that Greeks have elected socialists into power. I am pretty sure that they are going to run Greece to the ground and then blame everyone else around them except themselves for that

agree.....it is now inevitable that greeks pay if not in Euro then in Pain and suffering. Greece is ruined for a few decades atleast.

They have nothing to tax....as western populations have low savings rates ...like 3 to 6 % ... (in India and China savings rate being low means 30% ) ... the payments are taking money out of the economy...which would not have been a problem except greece can't print as it is not the sole owner of Euro

Country will not default because socialists will come.... the socialists have come because the country will default...as long as it was free money everyone was happy to look the other way ... ECB,IMF,EU and yes the greek people.

 

[Rowdy]

Greece's situation is so bad, that threats from Germany will have little effect. It will be bad whether Greece stays or not.

Hahahaha ....

30 fracking characters

 

[Mad Indian]

Country will not default because socialists will come.... the socialists have come because the country will default...as long as it was free money everyone was happy to look the other way ... ECB,IMF,EU and yes the greek people.

Yeah, thats there too.

I am interested to see how Greece handles it. I think it was lucky that India had Narasimma Rao when we faced a similar situation in 1991

 

[Rowdy]

Yeah, thats there too.

I am interested to see how Greece handles it. I think it was lucky that India had Narasimma Rao when we faced the similiar situation in 1991

India still had a few things... a closed economy and stifled demand coupled with a few budding sectors (e.g. IT) as they were not under central control because of late emergence of the said sectors as Industry.
Greece has nothing... lazy people, aging(not as much as other Europeans but still)population, saturated HDI. Mass immigrants from sand-****** land. ..... Do you know young greeks are learning german in school to obtain mother tongue like competence to come to germany.

 

[arpakola]

poster of the right wing New Democracy party for a meeting suporting EU..
(no more then 500 gathered)
............................................................

 

[Mad Indian]

poster of the right wing New Democracy party for a meeting suporting EU..
(no more then 500 gathered)
............................................................

The imagery is really funny.

So it is decided that Greece will pull out off EU then?

 

[arpakola]

India still had a few things... a closed economy and stifled demand coupled with a few budding sectors (e.g. IT) as they were not under central control because of late emergence of the said sectors as Industry.
Greece has nothing... lazy people, aging(not as much as other Europeans but still)population, saturated HDI. Mass immigrants from sand-****** land. ..... Do you know young greeks are learning german in school to obtain mother tongue like competence to come to germany.

The working hours of the average Greek is much more then ALL Northern and Central European countries , with 50% of the wage they get
So unless you want to redigulate yourself , try to read first before making such big statements.
As for the aging this is a pan european problem with Germany having the leadership

 

[Mad Indian]

The working hours of the average Greek is much more then ALL Northern and Central European countries , with 50% of the wage they get
So unless you want to redigulate yourself , try to read first before making such big statements.
As for the aging this is a pan european problem with Germany having the leadership

Indians on average work more hours than any country in Europe or US. Still India has a very high poverty. Economics is never about working high hours- its about high productivity. I dont think that productivity is going to improve with EU pull out or Increasing taxes as it will cause the economy to becomce inefficient and reduce productivity

And I think by lazy, he means that Greeks retire younger and demand far higher welfare than Germans. Is it not true?

 

[Rowdy]

The working hours of the average Greek is much more then ALL Northern and Central European countries , with 50% of the wage they get

Yup ... but other countries have
a)High Productivity
b)Export led economy with huge pluses(Germany)
c)Former colonies to draw talent from (UK+France)
Greece has nothing. I will redact the word lazy, but indians work more for 1/10 the typical euro wage. So yeah does not matter.

As for the aging this is a pan european problem with Germany having the leadership

Yup. as I have written

(not as much as other Europeans but still)

Finally can you tell me if greece defaults, exits the euro zone....what will you do? What is your plan? Do read up on what happened to cyprus and get ready for capital controls.

 

[Mad Indian]

Greece has nothing... lazy people, aging(not as much as other Europeans but still)population, saturated HDI. Mass immigrants from sand-****** land. ..... Do you know young greeks are learning german in school to obtain mother tongue like competence to come to germany.

I dont think GDP can be saturated. I think GDP growth can be maintained at 5-6% even if the country is developed if the country does not involve in useless welfares and subsidies. Even now US manages a healthy 4% growth rate unlike the Socialist dens on europe which barely scrape through with 1-2% gdp growth

 

[Mad Indian]

b)Export led economy with huge pluses(Germany)

US is the richest country in the world but it has an import surplus economy, with trade imbalances running as high as 500Bn$ per year. So no, exports does not make a successful economy. You should have seen the video I posted.

 

[Rowdy]

I dont think GDP can be saturated. I think GDP growth can be maintained at 5-6% even if the country is developed if the country does not involve in useless welfares and subsidies. Even now US manages a healthy 4% growth rate unlike the Socialist dens on europe which barely scrape through with 1-2% gdp growth

This I agree with.... but a few caviats
a) Mindless money printing growth should be avoided which is being done in the USA. so the economy expands(actually I should use the word finances) without real growth in the economy. e.g. QE chootiyapa.
b)The quality of growth is a big problem. As US job growth has for the past decade uncoupled from productivity.

So US has extra people...
Again I wrote that with greece and India in mind.

US is the richest country in the world but it has an import surplus economy, with trade imbalances running as high as 500Bn$ per year. So no, exports does not make a successful economy. You should have seen the video I posted.

US can do it because it can print it's own money. India can't . Neither can greece.

 

[Mad Indian]

This I agree with.... but a few caviats
a) Mindless money printing growth should be avoided which is being done in the USA. so the economy expands(actually I should use the word finances) without real growth in the economy. e.g. QE chootiyapa.
b)The quality of growth is a big problem. As US job growth has for the past decade uncoupled from productivity.

So US has extra people...
Again I wrote that with greece and India in mind.

Dude, job growth is not the same as productivity or economic progress. You can have everyone in your country unemployed and still have a higher economic output than a fully employed communist state.

Read my post #57

http://defenceforumindia.com/forum/threads/basic-economy-questions.68312/page-3#post-1045251

US can do it because it can print it's own money. India can't . Neither can greece.

Err. No . Printing money would only cause inflation, not growth. Thats not why US is not imploding.

 

[Sakal Gharelu Ustad]

Anyone can print money, but depends when and how the central bank uses it. If Greece were not in eurozone, it could have printed some money and got some help. But that is not the case!

 

[Rowdy]

Anyone can print money, but depends when and how the central bank uses it. If Greece were not in eurozone, it could have printed some money and got some help. But that is not the case!

greece is now the EU's Kurwa!!!!!!!!!!!!!!

 

[SADAKHUSH]

In my opinion the countries with lower labour cost and a history of cash transaction where tax was not being paid should not have joined the EU. Europe is going to pay the price sooner or later. Greece has no choice but to leave EU and get back on their feet. How soon it takes place will depend upon the talks on Monday.

Major players in EU will try to keep them in the union in order to prevent the international currency crisis in the event Greece's exit.