Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Marketwatch)   Greece looks for more bailout help after years of its economy taking it in the ass   ( marketwatch.com) divider line
    More: Followup, eurozone finance ministers, European Union, Debt, Eurogroup President Jeroen, Eurozone, eurozone creditors, Programming language, Dutch finance minister  
•       •       •

770 clicks; posted to Business » on 20 Mar 2017 at 9:50 PM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



29 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-03-20 04:40:16 PM  
i.dailymail.co.uk
 
2017-03-20 07:51:07 PM  
Good thing Europe and the IMF can turn to America for steady, thoughtful, and insiteful help. Thankfully we are not being ruled by a moron.
 
2017-03-20 08:05:58 PM  

BalugaJoe: [i.dailymail.co.uk image 634x803]


img.fark.net
 
2017-03-20 09:20:17 PM  
i.imgur.com
 
2017-03-20 09:27:20 PM  
img.fark.net
 
2017-03-20 10:04:47 PM  
Say it ain't so... once on the dole, greecers don't wanna buckle down and make like a boot strap and Un dig their hole?

Well, they just need more Venezuelan pesos and loans from China then... sell a couple of islands to the new chinee middle class... Maybe some teenager will come deface the Acropolis. Don't think deutsch land wants to give them more mullah, what with all those non-Syrian syrians running havoc that Greece let thru the EU borders.
 
2017-03-20 10:08:41 PM  
i was recently in greece for work, and while it was very nice the greek attitude about all their financial problems was really off putting. i understand that austerity hasn't offered a fix, but the system they had in place was also pretty obviously not going to last. the troubling thing was that what i heard from every single greek person (and they all wanted to talk about it- uber drivers, wait staff, etc) was how the germans had just screwed them. if it werent for those damn germans, everything would be fine!

and while i get that there are certainly things the EU could do to help that might- and probably would- help out, it seems like maybe a little bit of self awareness about how your got into the situation in the first place would go a long way toward convincing them that helping you it the right way to go.
 
2017-03-20 10:14:15 PM  

tlchwi02: i was recently in greece for work, and while it was very nice the greek attitude about all their financial problems was really off putting. i understand that austerity hasn't offered a fix, but the system they had in place was also pretty obviously not going to last. the troubling thing was that what i heard from every single greek person (and they all wanted to talk about it- uber drivers, wait staff, etc) was how the germans had just screwed them. if it werent for those damn germans, everything would be fine!

and while i get that there are certainly things the EU could do to help that might- and probably would- help out, it seems like maybe a little bit of self awareness about how your got into the situation in the first place would go a long way toward convincing them that helping you it the right way to go.


considering that Germany owed them a shiat ton of $ long before this crisis began, I'd say their resentment is justified.
 
2017-03-20 10:41:07 PM  

Leader O'Cola: tlchwi02: i was recently in greece for work, and while it was very nice the greek attitude about all their financial problems was really off putting. i understand that austerity hasn't offered a fix, but the system they had in place was also pretty obviously not going to last. the troubling thing was that what i heard from every single greek person (and they all wanted to talk about it- uber drivers, wait staff, etc) was how the germans had just screwed them. if it werent for those damn germans, everything would be fine!

and while i get that there are certainly things the EU could do to help that might- and probably would- help out, it seems like maybe a little bit of self awareness about how your got into the situation in the first place would go a long way toward convincing them that helping you it the right way to go.

considering that Germany owed them a shiat ton of $ long before this crisis began, I'd say their resentment is justified.


yes, the billions of euro's they claim they are owed, despite settling for a cash payment in 1960 and making an official political settlement in 1990? the one they brought up only after their economy blew up and it turned out they had massive debt? maybe they should have held out in 1960, or insisted on additional compensation in 1990, but nobody (including, lets be honest, the greek government) is taking the claim seriously at this point. its a political point to try and gain some sympathy points, which seems to have slightly backfired and been completely dropped.
 
2017-03-20 10:56:38 PM  
Ahh Greece - where ass-farking dudes up the rectum is the national past-time.  These lazy, sick deviants just enjoy anal too much.  Get a job, you sicko!
 
M-G
2017-03-20 11:23:13 PM  

tlchwi02: i heard from every single greek person (and they all wanted to talk about it- uber drivers, wait staff, etc)


Uber?  In Athens?  Or are you just using Uber generically instead of TaxiBeat?
 
2017-03-20 11:43:52 PM  
The markets seem to overly stress about Greece. What do they export? They are a very tiny piece of the global pie. If they fail, does it matter?
 
2017-03-20 11:51:37 PM  

M-G: tlchwi02: i heard from every single greek person (and they all wanted to talk about it- uber drivers, wait staff, etc)

Uber?  In Athens?  Or are you just using Uber generically instead of TaxiBeat?


M-G: tlchwi02: i heard from every single greek person (and they all wanted to talk about it- uber drivers, wait staff, etc)

Uber?  In Athens?  Or are you just using Uber generically instead of TaxiBeat?


yeah, uber was all over athens, they just would call sometimes and ask us to walk down a block to avoid starting fights with the cabbies
 
2017-03-21 12:09:26 AM  

AsparagusFTW: The markets seem to overly stress about Greece. What do they export? They are a very tiny piece of the global pie. If they fail, does it matter?


It's kind of like pulling a random block out of a Jenga tower. Sometimes the farker falls over when you do that. Investors collectively have the intelligence of a retarded sheep, and if Greece fails, they could panic and dump a lot of similar investments elsewhere, causing a much larger effect. The Greek thing might also manage to do damage to the Euro in the process. Those would be my guesses as to why Greece is of concern.
 
2017-03-21 12:22:20 AM  
The outcome of today's meeting is that we have agreed talks will continue and will intensify in coming days

They won't be afraid to get their hands dirty and grind it out.
 
2017-03-21 12:49:19 AM  

Swampmaster: Say it ain't so... once on the dole, greecers don't wanna buckle down and make like a boot strap and Un dig their hole?

Well, they just need more Venezuelan pesos and loans from China then... sell a couple of islands to the new chinee middle class... Maybe some teenager will come deface the Acropolis. Don't think deutsch land wants to give them more mullah, what with all those non-Syrian syrians running havoc that Greece let thru the EU borders.

Not quite.

Austerity is no way to handle a bad economic situation.

Greece can't get it's economy going, because none of the money is flowing back to the population. Even if you don't want to admit it, most economic studies show that certain government programs can get an economy grow again. If you just pay the loans, then it's just going to the bankers.

Fact is that banks that make bad loans should be broken up and closed down.
 
2017-03-21 12:57:26 AM  

tlchwi02: i was recently in greece for work, and while it was very nice the greek attitude about all their financial problems was really off putting. i understand that austerity hasn't offered a fix, but the system they had in place was also pretty obviously not going to last. the troubling thing was that what i heard from every single greek person (and they all wanted to talk about it- uber drivers, wait staff, etc) was how the germans had just screwed them. if it werent for those damn germans, everything would be fine!

and while i get that there are certainly things the EU could do to help that might- and probably would- help out, it seems like maybe a little bit of self awareness about how your got into the situation in the first place would go a long way toward convincing them that helping you it the right way to go.


I might not have held back innocently suggesting they go their way to fix things. The resulting silence would speak volumes.
 
2017-03-21 01:14:48 AM  
I will do my part: I will hire up to 5 beautiful Greek women to hang around my house and perform light housework and cooking while wearing skimpy undergarments. Pay is $10 a day, part of which you can send back to your family, thereby helping to jumpstart the Greek economy. Spontaneous pillow and/or ticklefights may result in bonus payments of up to $5 per participant per day. Using my razor to shave legs and or pudenda will be punished by loss of ticklefight privileges (first offense), forfeiture of tatziki on falafels for the week (second offense), and allowing German banks to repossess the Acropolis (third and subsequent offenses).
 
2017-03-21 01:18:21 AM  

Darth_Lukecash: Swampmaster: Say it ain't so... once on the dole, greecers don't wanna buckle down and make like a boot strap and Un dig their hole?

Well, they just need more Venezuelan pesos and loans from China then... sell a couple of islands to the new chinee middle class... Maybe some teenager will come deface the Acropolis. Don't think deutsch land wants to give them more mullah, what with all those non-Syrian syrians running havoc that Greece let thru the EU borders.
Not quite.

Austerity is no way to handle a bad economic situation.

Greece can't get it's economy going, because none of the money is flowing back to the population. Even if you don't want to admit it, most economic studies show that certain government programs can get an economy grow again. If you just pay the loans, then it's just going to the bankers.

Fact is that banks that make bad loans should be broken up and closed down.


If anyone wants a somewhat difficult to understand explanation, search for Mark Blyth and Greece on YouTube.

/well, difficult if you can't understand High-Speed Scottish.
//He's also Damn good about what lead to Trump.
 
2017-03-21 09:00:17 AM  

not enough beer: Good thing Europe and the IMF can turn to America for steady, thoughtful, and insiteful help. Thankfully we are not being ruled by a moron.


Why would the EU -- an entity with 160% of the American population and an equivalent economy -- need America's help handling Greece, a nation 1/10th the size of Mexico and 50% richer per capita?
 
2017-03-21 09:02:56 AM  

Darth_Lukecash: Austerity is no way to handle a bad economic situation.


While mostly true, controlling spending is the only way Greece can negotiate a loan. They don't make a reasonable effort to collect taxes, so their income levels are always a disaster.
 
2017-03-21 09:08:20 AM  
Fun fact: there's no evidence of anal sex in Ancient Greek. What they practiced was basically farking a boys thighs.
 
2017-03-21 09:15:37 AM  

This text is now purple: Darth_Lukecash: Austerity is no way to handle a bad economic situation.

While mostly true, controlling spending is the only way Greece can negotiate a loan. They don't make a reasonable effort to collect taxes, so their income levels are always a disaster.


But Fark Independents tell me taxes are theft, therefore the Greeks are the most patriotic mofos in Europe.
 
M-G
2017-03-21 11:01:13 AM  

tlchwi02: yeah, uber was all over athens, they just would call sometimes and ask us to walk down a block to avoid starting fights with the cabbies


Everyone I talked to said that there wasn't much in the way of Uber drivers, and the ones that did exist were sketchy as hell.  They loosened access to taxi licenses so much that anyone who couldn't be bothered to get one is probably not someone you want to get in a car with.  But anyway, Taxibeat basically gives you everything Uber does and you get a legit cab.
 
2017-03-21 01:07:08 PM  

This text is now purple: Darth_Lukecash: Austerity is no way to handle a bad economic situation.

While mostly true, controlling spending is the only way Greece can negotiate a loan. They don't make a reasonable effort to collect taxes, so their income levels are always a disaster.


That's perhaps Greece biggest problem, they have a culture that prides itself on not paying taxes.

You need revenue in, don't need to make a profit, but you can't just not pay for it.
 
2017-03-21 01:59:44 PM  
This is simply an outsider's perspective, but I believe the stakes for handling Greece's reoccurring financial issues may soon receive increased urgency.  Everyone know that Greece is not alone in their financial dire straits.  Every comment section on the subject seems to indicate that Italy is right behind them.  With the recent Brexit, Germany and the rest of the EU needs to make continued membership look like a positive outcome as much as possible.   If Greece runs the numbers and percieves that the punitive measures for departing the EU are less then the punitive measures for remaining, well that sets the stage for a wave of populism to begin dismantling the EU.
 
2017-03-21 03:36:08 PM  

This text is now purple: Darth_Lukecash: Austerity is no way to handle a bad economic situation.

While mostly true, controlling spending is the only way Greece can negotiate a loan. They don't make a reasonable effort to collect taxes, so their income levels are always a disaster.


Also note that they are able to spend WAY more because of the "austerity" they claim to be on than would be the case if the rest of the EU cut them off.
 
2017-03-21 08:56:22 PM  

AsparagusFTW: The markets seem to overly stress about Greece. What do they export? They are a very tiny piece of the global pie. If they fail, does it matter?


The Greeks owe €300 billion.  On the surface this is a tiny blip in the roughly $4.5 quadrillion dollars in global debt.  There will be some losses via credit default swaps as well, and Greece may be forced out of the EU.  Where does that leave Italy, Spain, Portugal, and others?  This with Brexit may finally end the EU experiment and who will pay the rest of the overlapping debt?  Italy owes €2.1 trillion alone.  Pretty soon we're talking about real money.
 
2017-03-22 12:29:08 AM  

Darth_Lukecash: Fact is that banks that make bad loans should be broken up and closed down.


In that order?

Before letting all the customers lose their bank accounts, or else reimbursing them with euros the government doesn't have?
 
Displayed 29 of 29 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report