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Posted: 6/30/2015 6:07:49 AM EDT
[#1]
I guess Ivan isn't stupid.
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Posted: 6/30/2015 6:15:02 AM EDT
[#2]
Ivan can't afford to lend money to Greece whilst telling the folks at home it's the US/EU's fault the Russian economy is shite.Furthermore,Putin is wooing Erdogan for his pipeline and this would put a damper on Russo-Turkish relations.
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Posted: 6/30/2015 6:25:06 AM EDT
[#3]
Quote HistoryQuoted:
I guess Ivan isn't stupid. Ivan is broke... 
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Posted: 6/30/2015 6:26:55 AM EDT
[#4]
Like Russia has two rubles to rub together. |
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Posted: 6/30/2015 6:28:21 AM EDT
[#5]
They will, give it time.
The Greeks need to feel some pain from all of this, when they do they will be much more willing to open negotiations. That's when Russia will step in and get everything they want for a shit ton less than they would now. |
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Posted: 6/30/2015 6:45:31 AM EDT
[#6]
OK, I'll be the first to admit that I have not been paying all that much attention to the Greece thing.
Why all the rending of garments over them? It's Greece, who cares? The best I can make of it is a bunch of people placed bad bets on Greece, then other people placed bad bets on the people that placed bad bets on Greece in the first place. Rinse and repeat. A short "Greek Crisis For Dummies" explanation would be appreciated. 
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Posted: 6/30/2015 6:59:40 AM EDT
[#7]
Quote HistoryQuoted:
OK, I'll be the first to admit that I have not been paying all that much attention to the Greece thing. Why all the rending of garments over them? It's Greece, who cares? The best I can make of it is a bunch of people placed bad bets on Greece, then other people placed bad bets on the people that placed bad bets on Greece in the first place. Rinse and repeat. A short "Greek Crisis For Dummies" explanation would be appreciated. Greece legalized gay marriage and now the EU is refusing to lend them money to buy confederate flags and gender reassignment surgeries. |
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Posted: 6/30/2015 7:02:20 AM EDT
[#8]
Quote HistoryQuoted:
Greece legalized gay marriage and now the EU is refusing to lend them money to buy confederate flags and gender reassignment surgeries. Quote HistoryQuoted:
Quoted:
OK, I'll be the first to admit that I have not been paying all that much attention to the Greece thing. Why all the rending of garments over them? It's Greece, who cares? The best I can make of it is a bunch of people placed bad bets on Greece, then other people placed bad bets on the people that placed bad bets on Greece in the first place. Rinse and repeat. A short "Greek Crisis For Dummies" explanation would be appreciated. Greece legalized gay marriage and now the EU is refusing to lend them money to buy confederate flags and gender reassignment surgeries. Nailed it!
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Posted: 6/30/2015 7:07:02 AM EDT
[#9]
My money is still on China stepping up to the plate
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Posted: 6/30/2015 7:09:14 AM EDT
[#10]
Chechnya? Two wars.
Greece? Not even some lunch money. |
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Posted: 6/30/2015 7:10:02 AM EDT
[#11]
Quote HistoryQuoted:
OK, I'll be the first to admit that I have not been paying all that much attention to the Greece thing. Why all the rending of garments over them? It's Greece, who cares? The best I can make of it is a bunch of people placed bad bets on Greece, then other people placed bad bets on the people that placed bad bets on Greece in the first place. Rinse and repeat. A short "Greek Crisis For Dummies" explanation would be appreciated. When Greece went on the Euro, their problems became the rest of the EU's problem. At the moment, Greece's debt is nearly 200% of it's GDP, coupled with around 25% unemployment. Greece isn't more than a couple percentage points of the EU's GDP, but If Greece defaults, the EU could force them off of the Euro and back onto the Drachma in order to protect their interests. Alternately, the Greeks could leave the Euro on their own. That would probably result in the Drachma trading against the USD at rates that would make Yen look like even money, further deepening the Greeks problems. Basically, it wouldn't be a positive influence on the global economy. |
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Posted: 6/30/2015 7:12:35 AM EDT
[#12]
Quote HistoryQuoted: OK, I'll be the first to admit that I have not been paying all that much attention to the Greece thing. Why all the rending of garments over them? It's Greece, who cares? The best I can make of it is a bunch of people placed bad bets on Greece, then other people placed bad bets on the people that placed bad bets on Greece in the first place. Rinse and repeat. A short "Greek Crisis For Dummies" explanation would be appreciated. |
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Posted: 6/30/2015 7:27:51 AM EDT
[#13]
Quote HistoryQuoted:
When Greece went on the Euro, their problems became the rest of the EU's problem. At the moment, Greece's debt is nearly 200% of it's GDP, coupled with around 25% unemployment. Greece isn't more than a couple percentage points of the EU's GDP, but If Greece defaults, the EU could force them off of the Euro and back onto the Drachma in order to protect their interests. Alternately, the Greeks could leave the Euro on their own. That would probably result in the Drachma trading against the USD at rates that would make Yen look like even money, further deepening the Greeks problems. Basically, it wouldn't be a positive influence on the global economy. Quote HistoryQuoted:
Quoted:
OK, I'll be the first to admit that I have not been paying all that much attention to the Greece thing. Why all the rending of garments over them? It's Greece, who cares? The best I can make of it is a bunch of people placed bad bets on Greece, then other people placed bad bets on the people that placed bad bets on Greece in the first place. Rinse and repeat. A short "Greek Crisis For Dummies" explanation would be appreciated. When Greece went on the Euro, their problems became the rest of the EU's problem. At the moment, Greece's debt is nearly 200% of it's GDP, coupled with around 25% unemployment. Greece isn't more than a couple percentage points of the EU's GDP, but If Greece defaults, the EU could force them off of the Euro and back onto the Drachma in order to protect their interests. Alternately, the Greeks could leave the Euro on their own. That would probably result in the Drachma trading against the USD at rates that would make Yen look like even money, further deepening the Greeks problems. Basically, it wouldn't be a positive influence on the global economy. Thank you. 
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Posted: 6/30/2015 7:40:29 AM EDT
[#14]
Quote HistoryQuoted:
When Greece went on the Euro, their problems became the rest of the EU's problem. At the moment, Greece's debt is nearly 200% of it's GDP, coupled with around 25% unemployment. Greece isn't more than a couple percentage points of the EU's GDP, but If Greece defaults, the EU could force them off of the Euro and back onto the Drachma in order to protect their interests. Alternately, the Greeks could leave the Euro on their own. That would probably result in the Drachma trading against the USD at rates that would make Yen look like even money, further deepening the Greeks problems. Basically, it wouldn't be a positive influence on the global economy. Quote HistoryQuoted:
Quoted:
OK, I'll be the first to admit that I have not been paying all that much attention to the Greece thing. Why all the rending of garments over them? It's Greece, who cares? The best I can make of it is a bunch of people placed bad bets on Greece, then other people placed bad bets on the people that placed bad bets on Greece in the first place. Rinse and repeat. A short "Greek Crisis For Dummies" explanation would be appreciated. When Greece went on the Euro, their problems became the rest of the EU's problem. At the moment, Greece's debt is nearly 200% of it's GDP, coupled with around 25% unemployment. Greece isn't more than a couple percentage points of the EU's GDP, but If Greece defaults, the EU could force them off of the Euro and back onto the Drachma in order to protect their interests. Alternately, the Greeks could leave the Euro on their own. That would probably result in the Drachma trading against the USD at rates that would make Yen look like even money, further deepening the Greeks problems. Basically, it wouldn't be a positive influence on the global economy. Isn't the Greek problem also compounded by a lot of 'pensioners' (retirees)....not unemployed, but receiving ?the greek equivalent of Social Security?....? (Also not real familiar with the problem overall....but my general impression was that there's a whole lot of FSA stuff going on in Greece....the unemployment you mentioned, the 'social security'?, social programs (what's health care like in Greece...government funded?), etc...that the government has been funding for a while....without any tax base to support it. So it's a lot like the Liberals want the US to become....) |
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Posted: 6/30/2015 7:44:21 AM EDT
[#15]
Greece is about to close a deal on a payday loan that will resolve their financial problems once and for all.
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Posted: 6/30/2015 7:45:08 AM EDT
[#16]
Greece is ~2% of the EU economy. Yes,it would sting a bit if they leave but it'd be like removing a Band Aid. The problem then is:Portugal, Ireland,Italy and Spain are in rough shape so what happens to them,do they preemptively leave the €?
The EU/euro are not necessarily bad but not all countries have behaved to the same standard IRT fiscal responsibility. The Greeks think Germans owe them and have a horrible political and economic culture of both refusing to pay taxes but demanding services from fees that were never paid. They also have blown incredible sums on their armed forces due to Turkey and on worthless crap like the Olympics. |
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Posted: 6/30/2015 7:53:42 AM EDT
[#17]
Quote HistoryQuoted:
Greece is ~2% of the EU economy. Yes,it would sting a bit if they leave but it'd be like removing a Band Aid. The problem then is:Portugal, Ireland,Italy and Spain are in rough shape so what happens to them,do they preemptively leave the €? The EU/euro are not necessarily bad but not all countries have behaved to the same standard IRT fiscal responsibility. The Greeks think Germans owe them and have a horrible political and economic culture of both refusing to pay taxes but demanding services from fees that were never paid. They also have blown incredible sums on their armed forces due to Turkey and on worthless crap like the Olympics. It the EU handles this correctly Portugal, Ireland, et al will not be leaving. Riots and wide spread bank failures will be a wake up call. |
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