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Debates Forum

Debates Forum

  1. Standard member Bosse de Nage
    Zellulärer Automat
    29 Apr '10 07:05
    With the announcement that Greece has had its rating slashed to junk bond status and is therefore now viewed in the same jaundice light as the Congo, it occurred to me they might want to try a Chinese loan -- resources for technology, no strings attached. A few holiday islands in exchange for -- what? Would technology & infrastructure investment benefit Greece or does Greece just need a whole lot of cash right now?
  2. 29 Apr '10 07:33 / 1 edit
    Originally posted by Bosse de Nage
    ....or does Greece just need a whole lot of cash right now?
    It all depends on what you mean by "need". What are your goals? The truth is that Greece is still better off than countries like Zambia. They could probably buy their way out of debt by simply raising taxes, and even then the people would have a life style better than the average Zambian. The thing is that they want a way out that does not involve a lower standard of living.

    A few years ago, there were lots of people crossing from Turkey into Greece looking for a better life. Some were from further East or South than Turkey, and many were aiming for other parts of Europe, but many stayed in Greece.
    Has that flow stopped?
  3. Subscriber kmax87
    You've got Kevin
    29 Apr '10 07:38
    Originally posted by Bosse de Nage
    With the announcement that Greece has had its rating slashed to junk bond status and is therefore now viewed in the same jaundice light as the Congo, it occurred to me they might want to try a Chinese loan -- resources for technology, no strings attached. A few holiday islands in exchange for -- what? Would technology & infrastructure investment benefit Greece or does Greece just need a whole lot of cash right now?
    Maybe Greece could become the next Spain ..ie: the next hot destination for pommy tourists...which would mean that what Greece really needs, as everyone should know, is a whole lot of fish n chips...
  4. Standard member Bosse de Nage
    Zellulärer Automat
    29 Apr '10 07:49
    Originally posted by twhitehead
    It all depends on what you mean by "need". What are your goals?
    That's part of the question: what goals should Greece set itself? - apart from asking for 'time and serenity'. I would assume, in the first instance, 'economic growth'.

    In theory, Chinese loans to African countries increase the efficiency of their economies by providing much needed infrastructure in exchange for raw material concessions. My question is: could a deal of this nature be set up so as to enable Greece to bypass the IMF (which must be salivating)?
  5. Subscriber kmax87
    You've got Kevin
    29 Apr '10 07:54 / 1 edit
    All I know they keep talking about Germany being the country best able to help but because Merkel is worried about her grip on power in forthcoming elections, Greece may yet slide as an issue Europe can do nothing about.
  6. Standard member Palynka
    Upward Spiral
    29 Apr '10 10:28
    Originally posted by Bosse de Nage
    With the announcement that Greece has had its rating slashed to junk bond status and is therefore now viewed in the same jaundice light as the Congo, it occurred to me they might want to try a Chinese loan -- resources for technology, no strings attached. A few holiday islands in exchange for -- what? Would technology & infrastructure investment benefit Greece or does Greece just need a whole lot of cash right now?
    They need a whole lot of cash and they need to seriously cut spending.

    Also, Germany's wishy-washy reply was the worse they could do. Investors now feel that if push comes to shove then the EU might let Greece (and potentially others) drop. So nobody wants to hold Greek debt and is passing it around like a hot potato. If the message of rescue had been firm and credible then the problem wouldn't have been magnified and would have given more time for Greece to get their budget into shape (although some say they wouldn't unless it came to this).
  7. Standard member Bosse de Nage
    Zellulärer Automat
    29 Apr '10 10:38 / 1 edit
    Originally posted by Palynka
    They need a whole lot of cash and they need to seriously cut spending.

    Also, Germany's wishy-washy reply was the worse they could do. Investors now feel that if push comes to shove then the EU might let Greece (and potentially others) drop. So nobody wants to hold Greek debt and is passing it around like a hot potato. If the message of rescue had been fir eece to get their budget into shape (although some say they wouldn't unless it came to this).
    Fakelaki, ducky ...

    How did Greece fakes its way into the Euro club?

    LOL! Is that our Sam the Sham in the comments section?

    http://www.timesonline.co.uk/tol/news/world/europe/article7110934.ece
  8. Standard member Palynka
    Upward Spiral
    29 Apr '10 10:50
    Originally posted by Bosse de Nage
    Fakelaki, ducky ...

    How did Greece fakes its way into the Euro club?

    LOL! Is that our Sam the Sham in the comments section?

    http://www.timesonline.co.uk/tol/news/world/europe/article7110934.ece
    Ha! Separated at birth?
  9. Subscriber FMF
    a.k.a. John W Booth
    29 Apr '10 11:18
    Originally posted by Bosse de Nage
    How did Greece fakes its way into the Euro club?
    Birthplace of Democracy scored them 20 pts.

    Premonitions of Euro 2004 scored another 5 pts.
  10. Subscriber kmax87
    You've got Kevin
    29 Apr '10 14:46
    Originally posted by FMF
    Birthplace of Democracy scored them 20 pts.

    Premonitions of Euro 2004 scored another 5 pts.
    Being the trigger that helps bring down the EU, and in the process making the subprime collapse look no more contagious than the H1N1 virus?......PRICELESS...!!!
  11. Standard member wolfgang59
    Infidel
    29 Apr '10 16:34
    Originally posted by kmax87
    Maybe Greece could become the next Spain ..ie: the next hot destination for pommy tourists...which would mean that what Greece really needs, as everyone should know, is a whole lot of fish n chips...
    Greece 'became the next Spain' in the 80s and 90s. Turkey is the Brits latest cheap sun, sand and sea destination!!
  12. Standard member wolfgang59
    Infidel
    29 Apr '10 16:36
    Originally posted by kmax87
    Being the trigger that helps bring down the EU, and in the process making the subprime collapse look no more contagious than the H1N1 virus?......PRICELESS...!!!
    It wont bring down the EU ... it may bring dwn the Euro. I reckon the German Government are busy printing Deutschmarks at the mpment!
  13. 29 Apr '10 17:12
    Originally posted by Bosse de Nage
    With the announcement that Greece has had its rating slashed to junk bond status and is therefore now viewed in the same jaundice light as the Congo, it occurred to me they might want to try a Chinese loan -- resources for technology, no strings attached. A few holiday islands in exchange for -- what? Would technology & infrastructure investment benefit Greece or does Greece just need a whole lot of cash right now?
    a Chinese military base in the Aegean! much more convenient for battling Somali pirates!
  14. 29 Apr '10 17:14
    Originally posted by Bosse de Nage
    ... so as to enable Greece to bypass the IMF (which must be salivating)?
    if you were the IMF, would you rather take your working vacations in Greece or Zimbabwe?
  15. 29 Apr '10 17:15
    Originally posted by FMF
    Birthplace of Democracy scored them 20 pts.

    Premonitions of Euro 2004 scored another 5 pts.
    Schengen visas for the Olympics?