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  #461  
Old 20.07.2015, 08:54
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

There are plenty of Greek people who have worked hard, paid taxes and done nothing wrong. Yet they are collectively punished for actions and decisions made by their governments and banks, and not their own. I think that is unjust and should be meted out to only where the faults were made. The German/EU approach to the situation has been socialistic and collectivist, and even tinged with racism. Doesn't anybody consider the greeks free men? Lefty-Commies reserve no sanctity for individuals.
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  #462  
Old 20.07.2015, 10:16
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Who is "the Greek"?
I am referring to a specific Greek, Varoufakis.

I am not sure what you are trying to say here and my best guess is that you meant to write "Greeks'" (with the apostrophe after the s). It's a common mistake that many people make in written English. If this is not the case, my apologies for assuming that your English is not perfect, but then please explain who is "the Greek" you are referring to.
It's not a problem if your English is not perfect, as long as what you're trying to say is clear.

Varoufakis did not cause the mess, but only did not solve the Problem


He ought to apply for a Job as Entertainer at ARD,. ZDF, RTL, etc --- there have been Greek Entertainers in German speaking Europe before, so why not
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  #463  
Old 20.07.2015, 10:27
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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There are plenty of Greek people who have worked hard, paid taxes and done nothing wrong. Yet they are collectively punished for actions and decisions made by their governments and banks, and not their own. I think that is unjust and should be meted out to only where the faults were made. The German/EU approach to the situation has been socialistic and collectivist, and even tinged with racism. Doesn't anybody consider the greeks free men? Lefty-Commies reserve no sanctity for individuals.
Greeks got the Governments and policies they freely voted for and had many good years. Same as credit card buying eventually the bill has to be paid
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  #464  
Old 20.07.2015, 11:00
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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There are plenty of Greek people who have worked hard, paid taxes and done nothing wrong. Yet they are collectively punished for actions and decisions made by their governments and banks, and not their own. I think that is unjust and should be meted out to only where the faults were made. The German/EU approach to the situation has been socialistic and collectivist, and even tinged with racism. Doesn't anybody consider the greeks free men? Lefty-Commies reserve no sanctity for individuals.
Fresh in from an authoritative commenter
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The more I look at it, the less benign this bailout deal appears. Indeed it looks to me as if it was set up to do considerable damage to the Greek economy. Once this becomes apparent, Greeks are surely likely to change their minds about staying in the Euro. And I'm afraid I think this is the point. One way or another, Greece is on its way out of the Eurozone.
You can read the whole (warning: technical) article here.

Kalimera

Paul
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  #465  
Old 20.07.2015, 11:00
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

Why don't they just legalize pot? Colorado seems to be making so much tax money they have to give some back. All of this without any banks involved at all. It's federally illegal for banks to do any transactions with the cannabis indusrty. A 1 billion dollar (just in Colorado) cash only industry. Once banks get past this legal hurdle the tax revenue should increase as most transactions go unreported.
So Greece, here's a great idea that will generate tax revenue jobs, tourism, etc.

Once we change our perception from cannabis is a drug to cannabis is a vegetable with numerous medical benifits can we finally end these policies based on fear and lies. Plus we can make a bunch of cash money so why not?
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  #466  
Old 20.07.2015, 11:23
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Fresh in from an authoritative commenter


You can read the whole (warning: technical) article here.

Kalimera

Paul

Far more parts of the Greek economy need to be sold to private Investors


Greece is hardly able to start a new currency. A new currency anyway would not solve the structural problems. A country producing less per person than Egypt but celebrating the lifestyle of Western Europe is NOT the way to go
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  #467  
Old 20.07.2015, 11:24
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Greeks got the Governments and policies they freely voted for and had many good years. Same as credit card buying eventually the bill has to be paid
You know that is rarely true. The greeks voted for Syriza's economic platform and are getting its opposite.


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Why don't they just legalize pot? Colorado seems to be making so much tax money they have to give some back. All of this without any banks involved at all.
This is an interesting tact. Maybe Greece could fully liberalise its economy and go ghetto if it has to. They could liberalise drugs, trade, taxes, finance and intellectual property laws to freak the hell of out Germany. Then demand full access to the European markets. Go guerrilla economics. That could get some attention.
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  #468  
Old 20.07.2015, 11:31
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Why don't they just legalize pot? Colorado seems to be making so much tax money they have to give some back. All of this without any banks involved at all. It's federally illegal for banks to do any transactions with the cannabis indusrty. A 1 billion dollar (just in Colorado) cash only industry. Once banks get past this legal hurdle the tax revenue should increase as most transactions go unreported.
So Greece, here's a great idea that will generate tax revenue jobs, tourism, etc.

Once we change our perception from cannabis is a drug to cannabis is a vegetable with numerous medical benifits can we finally end these policies based on fear and lies. Plus we can make a bunch of cash money so why not?
They'd have to ask EU for funding methinks and, want to bet? First entrepreneurs would probably be Dutch e Germans

P.
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  #469  
Old 20.07.2015, 11:31
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Why don't they just legalize pot? Colorado seems to be making so much tax money they have to give some back. All of this without any banks involved at all. It's federally illegal for banks to do any transactions with the cannabis indusrty. A 1 billion dollar (just in Colorado) cash only industry.
Alas, in Italy cash transactions are now limited to max EUR 999.

I imagine Greece will have to limit them to EUR 9.99!

Even here, it's only CHF 100k max.

Tom
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  #470  
Old 20.07.2015, 11:33
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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EU and creditors want more parts of the Greek economy to be sold to private Investors...
...
There. fixed it for you
cheers
P.
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  #471  
Old 20.07.2015, 11:39
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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You know that is rarely true. The greeks voted for Syriza's economic platform and are getting its opposite.




This is an interesting tact. Maybe Greece could fully liberalise its economy and go ghetto if it has to. They could liberalise drugs, trade, taxes, finance and intellectual property laws to freak the hell of out Germany. Then demand full access to the European markets. Go guerrilla economics. That could get some attention.
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They'd have to ask EU for funding methinks and, want to bet? First entrepreneurs would probably be Dutch e Germans

P.
If it ever comes to the table for legalization I'm buying commercial property, old warehouses and whatnot. You cannot find one single square foot of commercial property in Denver, not without paying 5x more than what it was a few years ago. Selling shovels in a gold rush I heard.
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  #472  
Old 20.07.2015, 11:47
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

Just booked two weeks in Crete last weekend.

Booked directly online. Contacts at both car hire company and apartment want only cash. No deposit via bank as previously, no credit card for car hire - pay in euros on pick up.

Doesn't bother me, it's what I expected. But with a cash economy, collecting taxes and the new higher VAT is going to be difficult...
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  #473  
Old 20.07.2015, 11:50
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Selling shovels in a gold rush I heard.
Truth in economy is that it starts with a dream. There wasn't a lot of Gold in California, yet Levi Strauss made a killing. Nowadays, its Silicon Valley Vaporware. Your user name indicates you ought to know about that.
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  #474  
Old 20.07.2015, 12:02
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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There are plenty of Greek people who have worked hard, paid taxes and done nothing wrong. Yet they are collectively punished for actions and decisions made by their governments and banks, and not their own. I think that is unjust and should be meted out to only where the faults were made. The German/EU approach to the situation has been socialistic and collectivist, and even tinged with racism. Doesn't anybody consider the greeks free men? Lefty-Commies reserve no sanctity for individuals.
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Alas, in Italy cash transactions are now limited to max EUR 999.

I imagine Greece will have to limit them to EUR 9.99!

Even here, it's only CHF 100k max.

Tom
Lucky there is no 1,000 euro note....
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  #475  
Old 20.07.2015, 12:58
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Even here, it's only CHF 100k max.

Tom
There's no limit on cash transaction size/amount in CH, CHF or otherwise.
The proposed change half a year or so ago was refused by parliament.
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  #476  
Old 20.07.2015, 13:38
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Truth in economy is that it starts with a dream. There wasn't a lot of Gold in California, yet Levi Strauss made a killing. Nowadays, its Silicon Valley Vaporware. Your user name indicates you ought to know about that.
I do, which is why I suggested commercial property. Everyone wants to be a grower, growers need space. Outdoors is too risky considering theft, pollination etc. Anyways I still think that converting to a "grassroots" economy certainly wouldn't hurt them.

Would you like a spliff with your wine sir? Of course I would. I'm on vacation.
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Old 20.07.2015, 13:47
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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You know that is rarely true. The greeks voted for Syriza's economic platform and are getting its opposite.
At this point it is clear that they voted for a bunch of slogans. Syriza could not organized a p*** up in a brewery never mind produce an economic plan.
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  #478  
Old 20.07.2015, 14:04
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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It's something like this.
The Greek populace is uneducated and needs a strong leader to follow.
Right now this is Tsipras. He even underestimated himself, when he was telling the people to vote for NO while secretly hoping they would vote for YES. But they love him so much that they did vote NO!
This people is helpless unfortunately.
This is why IMO the first step towards a solution is an exit from the Eurozone. Then at least they will stop borrowing money and just go back to printing devalued drachmas.


PS. As for Tsipras, he should enjoy it while it lasts. Hopefully not for long.
So you think they won't attempt to issue bonds? Only paper?
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  #479  
Old 20.07.2015, 14:33
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Syriza could not organized a p*** up in a brewery never mind produce an economic plan.
It may be true, but at no point in the past month did the German government asked for such a plan anyway. The only issue for Merkel/Schäuble was to get Tsipras in difficulties and eventually get rid of him. Tsipras is in an impossible situation politically, because the German government gambled and won that he would not dare to leave the Euro. There was hence nothing to negotiate. Merkel/Schäuble want Tsipras out of business. Anything else is totally irrelevant and at no point was this crisis about economic, let alone saving the country. It was solely a political game the CDU won because they were ready to pay for both scenarii: Grexit or Grexin costs the same to Germany. They had nothing to loose. Merkel double speech speaks for itself. Schäuble's repeated threat to propose Grexit himself had for sole purpose to cut any possibility for Tsipras to negotiate anything on his terms. The whole conservative liberal Europe wants to kill the populist-left movement in the egg. It starts with Syriza in order to avoid that the Spanish come to the idea to vote too massively for Podemos. The Greek crisis is pure politics, zero economy.
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Old 20.07.2015, 15:28
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Re: Greece discussing leaving the Euro Zone (Spiegel Online)

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Why don't they just legalize pot? Colorado seems to be making so much tax money they have to give some back.

Do you think the Happy-Hippie-Land that Colorado is today, with lots of small growers fueling the local economy, is sustainable?
Soon, drug cartels will move into that business the same way Walmart has killed most mom-and-pop shops.
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