Durr!!! Greece need to pay 1.5bn end of June to get a 7.2 bn loan (also end of June)

Discussion in 'Bulletin Board ARCHIVE' started by Tekkytyke, Jun 15, 2015.

  1. Tek

    Tekkytyke Well-Known Member

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    So -why don't they take the 1.5bn off the 7.2bn loan and give them the balance of....5.7bn or is that too simple? The insanity of loaning them more when they can't afford to service the existing loan beggars belief. Are all politicians/economist/bankers thick, or do they just think we are??
    Greek pensions as a proportion of their GDP is pretty much the same as other EU countries and lower than some.
     
    Tekkytyke, Jun 15, 2015
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  2. SuperTyke

    SuperTyke Well-Known Member

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    Re: Durr!!! Greece need to pay 1.5bn end of June to get a 7.2 bn loan (also end of J

    Isn't the idea that them paying off this money now is supposed to prove that they will be able to meet future repayments too?
     
    SuperTyke, Jun 15, 2015
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  3. Tek

    Tekkytyke Well-Known Member

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    Re: Durr!!! Greece need to pay 1.5bn end of June to get a 7.2 bn loan (also end of J

    I thought it was just kicking the can up the road!. They clearly will NOT be able to meet future repayments because with 25% unemployment and austerity their GDP will drop and it will be impossible . Either way, in or out, they are screwed!
     
    Tekkytyke, Jun 15, 2015
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  4. Con

    Conan Troutman Well-Known Member

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    Re: Durr!!! Greece need to pay 1.5bn end of June to get a 7.2 bn loan (also end of J

    They're paying the price for not making the people pay tax and NI during the good times.
     
    Conan Troutman, Jun 15, 2015
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  5. Tek

    Tekkytyke Well-Known Member

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    Re: Durr!!! Greece need to pay 1.5bn end of June to get a 7.2 bn loan (also end of J

    Didn't take long for the usual "they don't pay tax" nonsense to appear. Check the facts showing that tax collection in Greece is close to the EU average, same for retirement age and working hours.
    4 years later, with salaries reduced by 30%, unemployment up to 27% suicides soaring, debt at 170%

    Oh!and 95% of the bailout money went to the banks at the insistence of the IMF
     
    Tekkytyke, Jun 16, 2015
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