The Greek Riots

Nordecke · May 7, 2010

dont know much about this but from what I heard the riots are based on poor managment of money on the account of the goverment...

"if thats true" Atleast these greeks have the fortitude to stand up to a crooked regime.. unlike many other western civi's

Mutzo Nutzo · May 7, 2010

They feta sort this mess out, and quick

chicoazul · May 7, 2010

Mutzo Nutzo said:
They feta sort this mess out, and quick

Good work.

I had one for Macedonia there but it's gone, rather disappointingly.

Mutzo Nutzo · May 7, 2010

chicoazul said:
Good work.

I had one for Macedonia there but it's gone, rather disappointingly.

shame...I heard that they are "totally devoted to EU"

***gets cape, panama hat, and heads for exit ***

Robert Jarvis · May 7, 2010

Nordecke said:
dont know much about this but from what I heard the riots are based on poor managment of money on the account of the goverment...

"if thats true" Atleast these greeks have the fortitude to stand up to a crooked regime.. unlike many other western civi's

There is no doubt that there has been corruption at the highest level of Greek politics but the main cause of the financial problems is the Greeks pastime of evading tax which has meant the Government had to borrow loads and hid this from the other EU countries when it joined the Euro. The austerity measures being forced on the public sector are for a 15/20% pay cut, tens of thousands job losses, and a VAT increase of some 5%. The public sector are being asked to pay for a situation which was not of their makiing.

Tennessee Blue Mike · May 7, 2010

Robert Jarvis said:
There is no doubt that there has been corruption at the highest level of Greek politics but the main cause of the financial problems is the Greeks pastime of evading tax which has meant the Government had to borrow loads and hid this from the other EU countries when it joined the Euro. The austerity measures being forced on the public sector are for a 15/20% pay cut, tens of thousands job losses, and a VAT increase of some 5%. The public sector are being asked to pay for a situation which was not of their makiing.

Words of wisdom. That is exactly it and why no matter how much stimulus is given to them they will default. Trouble is this will cause a domino effect. The Euro will be tested to survive.

Just heard this one and it brought me down "the US dollar is the best looking horse in the glue factory".