Finally, Germans will be able to buy that Greek isle they've always wanted.

d) Get invaded by Turkey

Tiberius I will finish, place cock to arse

Do the Germans get to foreclose on Greece? Or is it just the goats and the olives?

Wait, you mean austerity DOESN'T WORK?

Color me shocked.

So long as the contagion doesn't spread to Spain, Italy or Portugal I'll be content that the situation isn't as bad as it could be.

That's what happens when you party with the Wall Street frat boys.

/Rape, you gonna get

Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

Yep, that's what didn't work in Greece. Definitely.

/moron

maybe...they could all work harder and longer for less wages?

Whatsa Grecian earn anyway?

I'll take c.

it's laundry day in Athens

might be a good time to go bride hunting in greece?

greek wimmin are oh so fine till about 30 then they go to pieces. ive never really figured that one out.

kvinesknows: maybe...they could all work harder and longer for less wages?

Whatsa Grecian earn anyway?

nopokerface: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

Yep, that's what didn't work in Greece. Definitely.

/moron

I honestly can't imagine anything working in Greece.

To stimulate the economy, they should bend over backward to court L.A.'s porn industry, which is threatening to move production thanks to that new condom law.

At least take a stab at it.

This could be our future, you know.

They should have defaulted months ago. They should have defaulted weeks ago, and they should have defaulted yesterday. Today is also good. The longer they drag this out, the worse it is going to be on everyone. Just eat the shiat sandwich and get back to doing what you do best: attracting tourists and avoiding taxes.

I'm amazed that their politicians think they have a chance in hell of avoiding default at this point.

Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

It's not austerity that got them to this point you idiot. But not to worry, I'm sure all of their failed policies will somehow work in America.

Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

The reality is that politicians never take enough of bitter medicine and so it almost never works.

nopokerface: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

Yep, that's what didn't work in Greece. Definitely.

/moron

You mean deep, systemic tax evasion leads to default?

Color me shocked.

strapp3r: it's laundry day in Athens

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W
T
F
?

Tax evasion is the national sport in Greece.

Derwood: Tax evasion is the national sport in Greece.

Car theft is hot on its heels.

bulok: Tiberius I will finish, place cock to arse

This is easily one of the best shows on TV. Wimps can't handle it. The new guy is not Whitfield, needs to beef up some, but still good.

I'm wondering why the NGOs and the EU are now pushing for private-sector wage cuts. It's almost as if they're trying to trigger a backlash...

nopokerface: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

Yep, that's what didn't work in Greece. Definitely.

/moron

FTFA:
Austerity was supposed to bring down debt levels in Greece, as well as Portugal and Ireland, to sustainable levels but instead they've increased in all three countries. Greece's debt level is especially troubling: it rose to 159.1% of gross domestic product, according to Eurostat, the EU's statistical agency. That makes the IMF's goal of reducing Athens' debt to 120% of GDP by 2020 seem out of reach, analysts say. It is almost like Herakles and the hydra: lop one problem off and more grow in its place.


But hey, you go on telling us how that's a good financial plan.

Crudbucket: They better hurry up and get farked. I'm tired of seeing the headline "Stock Futures Lower on Fears Over Greek Bailout" every damn day when I check my portfolio. I know it'll keep going down no matter what, but they could at least change it up a little.

"Fears over Greek Bailout Lead Stock Futures Lower"

Dr. Whoof: nopokerface: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

Yep, that's what didn't work in Greece. Definitely.

/moron

FTFA:
Austerity was supposed to bring down debt levels in Greece, as well as Portugal and Ireland, to sustainable levels but instead they've increased in all three countries. Greece's debt level is especially troubling: it rose to 159.1% of gross domestic product, according to Eurostat, the EU's statistical agency. That makes the IMF's goal of reducing Athens' debt to 120% of GDP by 2020 seem out of reach, analysts say. It is almost like Herakles and the hydra: lop one problem off and more grow in its place.


But hey, you go on telling us how that's a good financial plan.

Austerity is the perfect representation of treating the symptom (ineffectively too!) instead of the disease.

crispyone: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

It's not austerity that got them to this point you idiot. But not to worry, I'm sure all of their failed policies will somehow work in America.

Austerity was supposed to pull them out of this. Did you even bother to read that the article is about choosing to continue the austerity programs which do NOT seem to be working?

No, you likely didn't. Or if you did, all you saw was "austerity was supposed to bring down debt levels" and ignored the fact that the EXACT OPPOSITE happened.

joninaz
To stimulate the economy, they should bend over backward forward to court L.A.'s porn industry, which is threatening to move production thanks to that new condom law.

At least take a stab poke at it.

FTFY

HAI Guys! Did someone mention ancient athens?

Athenian schoolboy, illiteratemitter.

Dr. Whoof: crispyone: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

It's not austerity that got them to this point you idiot. But not to worry, I'm sure all of their failed policies will somehow work in America.

Austerity was supposed to pull them out of this. Did you even bother to read that the article is about choosing to continue the austerity programs which do NOT seem to be working?

No, you likely didn't. Or if you did, all you saw was "austerity was supposed to bring down debt levels" and ignored the fact that the EXACT OPPOSITE happened.

Yeah, the debt wouldn't be as bad if they hadn't brought in austerity.

Joey, do you like movies about gladiators?

JC

Greece is screwed no matter what they do, but both sides seem to be ignoring it.

They do more cutting: the economy falls further into recession, making it harder to pay the bills. Austerity sucks

They don't do more cutting: they don't get any more money from abroad, and immediately default on their debt. They no longer necessarily have to pay interest on the outstanding bonds, but they still can't pay the bills, because even if their debt was placed at zero, expenditures are greater than revenue. They still have to cut - since only a moron would lend to them - but they don't get the nice foreign boogeyman to blame. Not doing austerity sucks.

No matter what, there will be future pain coming to the people of Greece, because they are economically living beyond their means today. There *will* be cuts, the only question is how severe they will be and where they will fall.

Kinda like certain other nations, and while the US doesn't face the same constraints the Greeks face, we also don't have economies much larger than our own to go to for help when the bill comes due.

Caught between the Scylla and Charybdis?

Dr. Whoof: crispyone: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

It's not austerity that got them to this point you idiot. But not to worry, I'm sure all of their failed policies will somehow work in America.

Austerity was supposed to pull them out of this. Did you even bother to read that the article is about choosing to continue the austerity programs which do NOT seem to be working?

No, you likely didn't. Or if you did, all you saw was "austerity was supposed to bring down debt levels" and ignored the fact that the EXACT OPPOSITE happened.

Why was the drastic measure of "austerity" needed in the first place?

To prolong and push back what is happening now?

That this was inevitable because of the welfare state Greece sank in to?

I dont know how someone can be this dense.

FTA: Tuesday, including a controversial reduction in the minimum wage, in exchange for about $171 billion in new bailout loans

How will reducing the minimum wage save the government money? Wouldn't lowering income reduce tax receipts? Lowering the minimum wage would also reduce consumption which will cause the economy to contract.

DamnYankees: The only reason they are living beyond their means is they can't devalue their currency.

Not the most sound economic policy you seem to be advocating there.

Their main problem is they have the tax collection infrastructure of a third world country. Most of their economy does not report their profits to the government. They can do all the austerity they want, but its only affecting the people that pay taxes, which is probably far less than 50%.

*dons flame retardant suit*

Not to put too fine a point on it, but the politicians need to buckle down, vote for what will improve the country in the long run, and just deal with the backlash of anger. So what if they get voted out? They are elected to make the choices for the good of their constituency. Said constituency may not know what is actually good for themselves, in the long run, and will probably vote the elected officials out, but the masses will reap the benefits in the long run.

Greece is currently the mob(not the criminal one, the other definition of mob). Businesses not being able to pay workers isn't austerity, it is a sign that those businesses shouldn't survive, whatever the consequences may be, because those in charge made poor decisions about the future of the business at some point in the past. Scale that scenario up a few times, and you have the issues Greece is facing. Early retirement(52 years old, I think it was) with benefits for the rest of your life, highly paid government employees who don't actually do anything(I've heard this before, somewhere ...), and a government that pandered to the voters every election, and was as corrupt as they came. The dominoes started to tumble down, and everyone who saw the facts coming got the fark out. Now the politicians and the people who voted for them are left with the cake they made. It is rotten and tastes like shiat, but they were responsible for the ingredients, now they have to eat their cake that they made

/rant
//we're facing the same problems, but our politicians have more places to hide the debt from us

SevenizGud: Dr. Whoof: crispyone: Dr. Whoof: Wait, you mean austerity DOESN'T WORK?

Color me shocked.

It's not austerity that got them to this point you idiot. But not to worry, I'm sure all of their failed policies will somehow work in America.

Austerity was supposed to pull them out of this. Did you even bother to read that the article is about choosing to continue the austerity programs which do NOT seem to be working?

No, you likely didn't. Or if you did, all you saw was "austerity was supposed to bring down debt levels" and ignored the fact that the EXACT OPPOSITE happened.

Yeah, the debt wouldn't be as bad if they hadn't brought in austerity.

Actually, that's looking to be the case, yes.

Ever hear the phrase: you have to spend money to make money? Used to be common sense. Now it's more "spend as little as possible and be shocked when you don't make anything."

strapp3r: it's laundry day in Athens

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WHAT
THE
HELL????