Euro Crisis
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- qoob0
- Weyland1
Where did the Greek bailout money go?
Less than 10% of the money was used by the government for reforming its economy and safeguarding weaker members of society
- looks like a bank bail out placed the debt on the people. similar to the us bailout but except its euyurimon
- ^ that's the takeaway here, yup :(Weyland
- the money was paid back to whom it was borrowed from.lowimpakt
- lol, lowimpakt, they are 100 of videos on the internet about how economic and finance work, go check them bruvgeorgesIII
- mekk1
Greece needs a debt cut.
Since the 1990s banks, large corporations and investment groups made a lot money with countries like portugal, spain, italy, and also greece. They speculated wrongly, with seeing eye, on those countries and it went wrong. Example: Germany, and german boatmakers, sold multiple submarines to the greek military for about 10 billion dollars a few years ago. At this point it was known that greece won't be able to pay even a fraction of it but greedy bankers gave out credits, covered by GREEK FUCKING GOVERNMENT BONDS. Idiots. Now they complain that their deal went wrong, booo hoooo. Shitlords.
Fuck them, they won't die when they lose this one time. Greece will not disappear when its financially dead.
- they just print more. debt seems to steer policy?yurimon
- who prints more what yurimon?mekk
- more submarines of course.ian
- print more money.yurimon
- One country within the Euro Zone cannot simply print Euros.mekk
- Noooo, print more submarines - idiots!Ianbolton
- https://s-media-cach…mekk
- my cousin worked for a greek bank when the euro came in...Gnash
- they were told by the overlords to sell loans like they were free. push them or lose your jobGnash
- the new rule was to force as much debt on people as they couldGnash
- the banker overlords were playing the long conGnash
- yuekit1
- of coarse, there would have to be a new govt. it's unfortunateGnash
- if anyone could turn things around it's these guys. but people are terrified of losing everythingGnash
- The problem with socialism is you eventually run out of other peoples money.Hayoth
- And the problem with liberal capitalism is that you never stop taking other people's money.Milan
- ^ Thats not capitalism. Thats called socialism.Hayoth
- hayoth speaks the truthgilgamush
- "A person should not believe in an ism. He should believe in himself." - Gandhiqoob
- yuekit0
Greek referendum: No vote on track for landslide victory
- Nairn0
i fart on Greece.
- i also fart on Greece.detritus
- why? because they finally had the balls to stand up to the big banks that were exploiting its people?Milan
- That the only thing you'r able to do... That is maybe the reason why everybody calls you Naim the fart...gonzalle
- Milan what big banks are referring to?2002
- I'm referring to all IMF loan sharks and Goldman Sachs for exampleMilan
- I fart in Greece's general direction!teh
- ignorantGnash
- pablo280
- panic.jpgmekk
- but poland will be the last to fall!sarahfailin
- well historically speaking that doesn't seem accurategilgamush
- 2002-4
I think after the third bail out, the governments should have seen that they are not going to pay back ever.
Greek's strategy is to borrow as much as can, the debt becomes so big that it forces additional write off and repeat until government subsidies sustains the country.
- 2002-4
Tsipras: "The Greek people have spoken, and we demand that you give us more money!"
Merkel: "No, thank you. Goodbye!"
- sarahfailin0
- Fuck you, pay me!jmckinno
- Damn, this is a harsh image.nb
- just print the $ yourself. print what you need to payback.yurimon
- so incredibly racist, in fairness. sucked up the right wing narrative about greecelowimpakt
- its not racist untill the PC police say soyurimon
- STFU Yurimonnb
- yup there is the NB, PC officer badge #666yurimon
- How is it racist?monospaced
- utopian0
Italy is next!
- yurimon0
http://www.theguardian.com/us-ne…
http://www.marketwatch.com/story…
Puerto Rico — U.S.’s ‘Greece’ — is hurtling to default
- i_monk0
Money is a collective fiction.
- Society is an illusion.prophetone
- Let's go back to bartering! No more time for artsy endeavours! Get farming people!gilgamush
- i_monk's not suggesting that money should be ditched, just acknowledging what it is.Gnash
- Money can be a servant or can be your enslaver. slight differences in how people act or believe.yurimon
- The universe is a hologram.jmckinno
- Thunderdome. It's your choice.prophetone
- Money is a five letter word.ORAZAL
- Yawn.monospaced
- Gnash0
the indiegogo qoob posted above has reached 2 million euro: