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-- Come on bastards, blame it on the Greeks (http://www.elitetrader.com/vb/showthread.php?threadid=236823)
Come on bastards, blame it on the Greeks
The lazy Greeks, the economically irresponsible, the debt-ridden and un-reliable.
This rhyme, I humbly offer to Frau Merkaiser and Mr Obanana:
It's all their fault!
If Europe explodes, blame the Greeks
If EU countries output declines, blame the Greeks
If the US has a 120debt/GDP, blame the Greeks
It's all their fault!
If oil and gas prices roket, blame the Greeks
If all sovereign ratings are downgraded, blame the Greeks
If we go to war with Iran, Afghanistan, Pakistan, North Korea and eventually all developing countries, blame the Greeks
They're a tiny nation, but it's all their fault! And even it wasn't who gives a shit, so...
just blame the Greeks!
Politically speaking every bad situation needs a scapegoat.
Greece represents everything that can go wrong with bad and relentless government spending, massive debt, and socialism for the rich.
It's really the arrogant or rather ridiculous attitudes of the Greeks that irritate people.
Quote from d08:
It's really the arrogant or rather ridiculous attitudes of the Greeks that irritate people.
Quote from d08:
It's really the arrogant or rather ridiculous attitudes of the Greeks that irritate people.
Be careful. They will be saying the same when the US defaults "we got what we deserved." Except it won't be the German's telling us how to restruture it will be the Chinese.
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I blame it on the British SOE's WWII operational plan, which meant they got into bed with the Greek Communist Party and pumped them up tremendously in order to combat the Nazi occupation.
And we all know how well the Greek economy has done since WWII. Where would they be without tourism ?
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Don't compare the biggest economy in the world with a sneaky lying cheating bunch of nitwits.
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Quote from traderslair:
Don't compare the biggest economy in the world with a sneaky lying cheating bunch of nitwits.
When the US had it's last budget impasse the MSM were blaming it on the Tea Party!! Even that stupid Fox News was talking that garbage.. Decades of overspending was the more obvious root cause.
I still don't understand why an economy that surpassed any in all the history of the world had to borrow.. but essentially it's obvious that the Public Sector of the US of A could be given the entire GNP and they would still have to raise fees and taxes here and there and still would have unfunded liabilities...
Ahem:
http://www.guardian.co.uk/business/...one-crisis-live
5.56pm: Despite all the angst between Athens and Berlin, travel agents are reporting an increase in inquiries from Germans wanting to visit the tourist-dependent country.
Helena Smith has the story:
Amazingly, the surge in enquiries has been made in the "last few days" and may well be a knee-jerk reaction German Euro parliamentarian Alexander Graf Lambsdorff exhorting his compatriots to visit Greece earlier this week.
A member of the German government's junior partner, the Free Democratic Party, the liberal MEP urged Germans to visit debt-stricken Greece "as soon as possible" because it desperately needed to see economic growth.
"Anyone who has ever considered going on holiday to Greece can now send a signal," he told Tuesday's edition of Hamburger Abendblatt."Every holidaymaker is a help to the country," he added, saying Germans should consider visiting Greece in the winter as its hotels tended to be full for only three months in the summer "so there's ample growth potential."
Germans have long topped the league tables of tourist arrivals to Greece (closely followed by UK visitors) although tour operators had reported a marked drop in holiday maker interest this year. "We've suddenly been flooded with calls of interest," said a travel agent in the Greek capital.
Perhaps European solidarity hasn't thrown in the towel after all.
Quote from d08:
It's really the arrogant or rather ridiculous attitudes of the Greeks that irritate people.
Quote from tim888:
Has it crossed your mind that it was not really a Greek but an Albanian or Turkish immigrant posing as Greek that screwed the wife when she made that trip around the Greek islands?
Quote from Grandluxe:
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You are turkish?
Its easy to blame greeks, but actually you can look from the other point of view. They would have been fine if not joining an eurozone. In my opinion their industry can't compete with Germany or France - its those countries that wants euro, because its beneficial to their economy. Weaker countries like Greece loose one of the most important economy protection tool - their own currency. So they have deficit and finance it by borrowing and then spend good deal of that money on geman or french industry goods and everyone is happy. Greeks live well but they don't know that its just an illiusion, Germany companies have bigger profits because there is no protection and greeks will NEVER be as efficient as germans (and I dont blame them for that, everyone is different). And bank managers can pay themselves big bonuses showing imaginary protits 
Until... The system itself is rigged for countries like Greece or Portugal. At least until they become germans - which we know thats not going to happen. And EU provide some free money for bussinesses of those countries, probably in hope to make it competitive, but in my opinion it just makes matters worse. It just distorts market and encourage corruption. This is just one more example of big government decisions that has good intentions, but making things even worse. I think Greece should leave eurozone and default, lower taxes significantly and make reforms to to fire all them goverment officials and stupid rules (well generally forget all that communist bullcrap). Let people easily start bussiness and don't control and regulate them too much. Well generally do what every smart country should do, but this would be especially beneficial for Greece, and with big tourism sector they could get back on track pretty soon. It wont be possible with debt like this. Well this is just my opinion
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nobody forced Greece to adopt the euro. the UK opted out. Poland is delaying adopting it.
central banks are nothing but inflation engines because they react to political pressures. the US was a lot better off when it was on the gold standard.
Igni has the correct prescription for Greece's ills. can it happen with the socialist mindset that exists in Greece?
For reference:
http://www.nytimes.com/2012/02/19/m...e-now.html?_r=1
situation in the UK with their own currency is also lousy.
http://www.nytimes.com/2012/02/16/b...=me&ref=general
Quote from traderslair:
No W-Europe, and you ?
wow, that's a little too much greek love, if you know what I mean.
I guess that vaunted Greek phalanx is why there was a Charlemagne? I'm also guessing that vaunted Greek phalanx is why there's so many muslims in Bosnia?
I respect Greece, too, but you gotta tone it down, bro.
"THIS IS SPARTA!"
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