Greece....how can they...

Discussion in 'Economics' started by syswizard, Feb 13, 2012.

  1. GTS

    GTS

    I know this is strictly anecdotal but they were doing interviews of Greek citizens and they asked this one woman what she thought of the austerity measures and she complained they can't lower the salaries to the point where an average family cannot.... and this is where I thought she was going to say, provide for basics like shelter and food....no, what she said is "afford a 5 day vacation once per year".

    Vacations are fine but it struck me how out of touch the Greek people are - do they really not comprehend that many of the things they have become accustomed to are not entitlements? There is a 20% unemployment rate and this woman is worried about being able to afford her yearly vacation trip?
     
    #11     Feb 14, 2012
  2. All I read there is that you have never been to Greece.
     
    #12     Feb 14, 2012
  3. No shit! Good one!!
     
    #13     Feb 14, 2012
  4. #14     Feb 14, 2012
  5. Crispy

    Crispy

    Greece is my motherland. I will probably retire there.

    Outside the cities nobody cares. It is and always be agrarian in the countryside. They dont get any welfare and they dont expect anybody to feed or pay them a salary.

    The city Greeks got lazy, like the fat dog you just keep feeding with no expectation of earning its keep. Once they accept that the government has run out of money, they will return to roots. This will eventually happen in all the debt burdened countries also.

    Denial
    Anger

    This is where the Greek people are right now..in between stage 3-4 of the 5 stages of denial

    Bargaining
    Depression
    Acceptance
     
    #15     Feb 14, 2012
  6. GTS

    GTS

    LOL, dangerous huh?

    "That's right Iceman, I am dangerous"

    Maybe it was a one-off but it shows a real lack of sensitivity when your country is on the brink of bankruptcy, unemployment is rampant and you are concerned about your yearly vacation.

    Point taken though, I'm sure you can find no lack of idiots on US streets to say equally stupid things into a camera. That reminds me, when is Obama going to forgive all those underwater mortgages?
     
    #16     Feb 14, 2012
  7. This is what this article seems to suggest as well:
    http://www.nytimes.com/2012/02/19/magazine/the-way-greeks-live-now.html
     
    #17     Feb 14, 2012
  8. Crispy

    Crispy

    #19     Feb 14, 2012
  9. d08

    d08

    The countryside depends on EU subsidies.
    In 2004, Greece had 2% of the farmland in the EU but got 6% of the subsidies. While these statistics are skewed because of the enlargement, it does illustrate the point.
    I agree with the rest though.

    The funniest thing is that the Eurozone countries who joined EU in 2004 have had to fund the Greek bailout. These countries have much lower living standards, think about that for a second.
    For the Americans, that's like Alabama paying billions to bail out California.
     
    #20     Feb 14, 2012