|
|
07-24-2015, 12:51 PM
|
#641
|
Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
|
With some luck spotlight moves on, making some room for deflating egos. And then Greece will get more debt relief. So yes, can seems to forcefully kicked down the proverbial road once more.
Unclear what the next deadline is (and maybe for the best)
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
07-24-2015, 01:26 PM
|
#642
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,518
|
Quote:
Originally Posted by yakers
So where is Greece now?
|
It's still on the southern tip of the Balkan peninsula.
|
|
|
07-24-2015, 05:03 PM
|
#643
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,418
|
Well if the Greece economy contracts further, they won't be able to meet whatever debt payment schedule they come up with now.
A lot of the things which the creditors imposed are going to increase the prices of tourism in Greece, e.g. higher VAT for hotels and restaurants.
Then of course higher taxes to the residents and cuts in pensions and jobs, which could reduce consumer spending even further.
So we could be back to the crisis in a few years.
|
|
|
07-26-2015, 07:50 AM
|
#644
|
gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
|
Quote:
Originally Posted by explanade
So we could will be back to the crisis in a few years.
|
FIFY - There should be no debate about this statement
|
|
|
07-26-2015, 11:03 AM
|
#645
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by yakers
So where is Greece now?
|
East of Italy, west of Turkey, south of Bulgaria and the Balkans. However this area is earthquake prone, so this is subject to change.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
07-28-2015, 09:23 AM
|
#646
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,148
|
Quote:
Originally Posted by explanade
Well if the Greece economy contracts further, they won't be able to meet whatever debt payment schedule they come up with now.
A lot of the things which the creditors imposed are going to increase the prices of tourism in Greece, e.g. higher VAT for hotels and restaurants.
Then of course higher taxes to the residents and cuts in pensions and jobs, which could reduce consumer spending even further.
So we could be back to the crisis in a few years.
|
Yet, there seems to be no justification for investing in Greece with the hope of the investment being profitable. While pumping money into some start-ups to get them through the early years can prove to be very profitable in the long run, I don't think Greece is a start-up business that will ever be profitable regardless of initial support.
Investment and deficit spending is right for some situations. Austerity and living within your means is right for others.
If you had a chance to pool personal money with others to loan Greece, would you do it? Do you think loaning them money would be a good investment for you to make using your own funds?
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
|
|
|
07-28-2015, 09:38 AM
|
#647
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2004
Location: SW Ohio
Posts: 14,404
|
Quote:
Originally Posted by youbet
If you had a chance to pool personal money with others to help Greece, would you do it? Do you think loaning them money would be a good investment for you to make using your own funds?
|
For the Europeans, the situation is somewhat complicated. If Greece spirals down economically, it has all kinds of security implications for them (unimpeded immigrant flows, a way for Russia to cause damage/gain leverage, etc). It would be like having a neighbor with a wreck of a house--you've offered advice and given him money to buy a mower and pump the overflowing septic tank that is dumping into your yard, but he's spent the money on a big screen TV and the ponies. Now he wants more, and knows what has worked in the past.
"But if I don't have money to buy a suit, I won't be able to get a job and fix the house."
|
|
|
07-28-2015, 11:57 AM
|
#648
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
Quote:
Originally Posted by samclem
For the Europeans, the situation is somewhat complicated. If Greece spirals down economically, it has all kinds of security implications for them (unimpeded immigrant flows, a way for Russia to cause damage/gain leverage, etc). It would be like having a neighbor with a wreck of a house--you've offered advice and given him money to buy a mower and pump the overflowing septic tank that is dumping into your yard, but he's spent the money on a big screen TV and the ponies. Now he wants more, and knows what has worked in the past.
"But if I don't have money to buy a suit, I won't be able to get a job and fix the house."
|
A good capitalistic solution is to foreclose, then sell the naming rights to the highest bidder. "Welcome to the Verizon Wireless Acropolis. While here, be sure to visit the Copenhagen-Santorini and Tide-Mykonos Islands..."
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
07-28-2015, 02:42 PM
|
#649
|
Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
|
Quote:
Originally Posted by HFWR
A good capitalistic solution is to foreclose, then sell the naming rights to the highest bidder. "Welcome to the Verizon Wireless Acropolis. While here, be sure to visit the Copenhagen-Santorini and Tide-Mykonos Islands..."
|
Or if you don't pay taxes in Europe, let misery fester, and enjoy long cheap stays in Zorbas resort with the finest Ouzo cheap euros can buy?
|
|
|
07-28-2015, 09:38 PM
|
#650
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,194
|
Quote:
Originally Posted by youbet
Yet, there seems to be no justification for investing in Greece with the hope of the investment being profitable. While pumping money into some start-ups to get them through the early years can prove to be very profitable in the long run, I don't think Greece is a start-up business that will ever be profitable regardless of initial support.
Investment and deficit spending is right for some situations. Austerity and living within your means is right for others.
If you had a chance to pool personal money with others to loan Greece, would you do it? Do you think loaning them money would be a good investment for you to make using your own funds?
|
I read an article a week or so ago and they said that thousands of companies have gone to Bulgaria where it is much easier to do business...
So, if they do not improve the business environment, they will not fix their problem....
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|