Greece
They are pretty much a 3rd world country. In order to try to get businesses to report their sales they implemented a lottery where every receipt from businesses has to have a lotto number from the government and they have a monthly drawing. An effort to get the customers to help them police. We have a few stores there.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
In June, Puerto Rico hired Steven W. Rhodes, the retired federal judge who oversaw Detroit’s bankruptcy case, as an adviser. The government is also consulting with a group of bankers from Citigroup who advised Detroit on a $1.5 billion debt exchange with certain creditors.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
That's not out of nowhere. PR has been on the map for a couple of years.GORDON wrote:Puerto Rico comes out of nowhere with an unpayable debt. Vince's plan get a little shakier.
http://www.nytimes.com/2015....le.html
Makes me think there are some rich ass mother fuckers in PR. $72 billion in debt for a country of 3.6 million people. That's some impressive corruption.
It's not me, it's someone else.
More than 60% heeded left-wing Prime Minister Alexis Tsipras' call to vote "no." He hopes to force Europe to hand over more money with less austerity attached, and cancel some of Greece's enormous debt.
Thousands of Greeks celebrated in the streets of Athens after the vote on Sunday.
I guess that sounds better than "thousands of Greeks inexplicably took to the streets to celebrate their impending economic suffocation and stagnation."
But many Greeks have had enough of years of cuts to wages and pensions. They would rather reclaim control of their economy by leaving the eurozone and returning to the drachma.
Because someone needs to give the Zimbabwean dollar a run for its money. *** rimshot *** But seriously, does it matter if they're in or out of the EU? Who's going to loan them more?
Edited By Malcolm on 1436139882
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
GORDON wrote:It's weird that the entitled/no accountability/Millennial generation happened in Greece, too.
Europe has been an entitlement continent for some time now. Greece just ran out of cash first. Only took them a couple centuries. Not bad pacing.
Edited By Malcolm on 1436147002
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Think is all just a clever way for Greece to get the whole world to do anal.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Or not.
In a move sure to increase pressure on Greece’s flailing banks, the European Central Bank on Monday decided not to expand an emergency assistance program, raising fears that Greece could soon go completely bankrupt.
The move put a swift crimp on Greek leaders’ jubilation after winning a landslide endorsement from their citizens to reject Europe’s austerity demands and seek a new bailout bargain. Now they must seek a bargain before the money runs out within days, which would likely force them off the euro.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
I think they'll get it worked out, but I don't think in the long run it will matter. I think all of this is like the story of the boy plugging the dike. So they'll work it out and delay the flood that's coming.TheCatt wrote:F U Greece.
I still think a deal will be worked out, but I also think a deal should not be worked out.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
Honestly I think they're suffering from a normalcy bias. They think it will all work out somehow and no one will have to feel any pain to make it happen. Most everyone that was alive and old enough to remember the great depression is dead. No one understands from experience how bad things can get. I think most people are relating to their personal experience and the worst they've even lived through was a downturn that lasted a year or two and they were unemployed for a while, but the government services were still there.
I don't think most people can comprehend the government safety net being gone as well.
I don't think most people can comprehend the government safety net being gone as well.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren