Greek protesters drape banners on Acropolis

Well Greece, maybe you shouldn't have had all those terrible financial policies that put you in this mess in the first place. Yes, it sucks and it's going to hurt like a bitch, but it's necessary to save your country from totally collapsing financially and economically.

It's so funny when socialists run out of money for their entitlements.

And that's the problem - the rich keep making out like bandits, and it falls on the lower income people to bail them out. Same thing happened in the US.

Ah the good 'ol unionized leftists protesters.

Keep funding bureaucracy and useless social programs. Usually these protesters are the same ''welfare'' sympathiser that do not contribute to their local economies.

Leftoid idiots.

Actually, Greece is doing better in income distribution than the so-called 'more advanced' countries of the EU.

http://www.tarki.hu/en/research/europea ... 0701_3.pdf

See figure 3.3.3

18% of the Greek population controls approximately half the wealth of the country which makes it par for the EU average.

By contrast, in Luxembourg about 1% of the population controls half the wealth of the country.

Funny, these people are trying to make a point about unequal income distribution in the poorer countries yet their own chart shows it is the rich countries that have the greater concentrations of wealth.

Actually, Greece is doing better in income distribution than the so-called 'more advanced' countries of the EU.

http://www.tarki.hu/en/research/europea ... 0701_3.pdf

See figure 3.3.3

18% of the Greek population controls approximately half the wealth of the country which makes it par for the EU average.

By contrast, in Luxembourg about 1% of the population controls half the wealth of the country.

Funny, these people are trying to make a point about unequal income distribution in the poorer countries yet their own chart shows it is the rich countries that have the greater concentrations of wealth.

There is no doubt that Greece engaged in all sorts of silliness in social spending. But I bet as usual, the cuts demanded by the IMF hurt the low income while leaving the rich alone. If I look at BC, Campbell is up to the usual trick of lowering taxes on the upper brackets and business, and loading the deficit on the average person. It's par for the course:

Protests led by the Greek Commie Party. 100 people show up.

Quotes from union leaders. I doubt state employees are in the low income group.


Leftoids are screaming, of course they forget to mention
that it was all the overspending that got them into this mess in the first place.



and andy posts a link that has absolutely nothing to do with Greece.

Boy, this debate is going well.



And the first part of the loans are to repay a 10 year bond issue, not even
for social spending...


oh, and by the way, just for shits and giggles, all the money promised to Greece from
the other EU countries is probably illegal anyway.

The Euro dropped 2% against the dollar in the last two hours based on the news in Greece. Seems Wall Street is shorting the Euro and doing pretty good at it, too.

40% of the population of Greece is employed by the government (who the hell is supposed to be creating the wealth over there?). The average retirement age there is 53. Pensions are transferable to single or divorced daughters. This is what is bankrupting the country and this is what the protesters there are fighting to keep, regardless if Greece gets flushed down the toilet. David Dingwall should move to Greece. A country where everyone believes they are entitled to their entitlements is right up his alley. Maybe they can sell Mykonos to the Germans or the Japanese.

Looks like the right wingers have been in power in Greece since 2004 (wiki)



The lefties have only been in power since 2009.

So who was in power when Goldman Sachs helped Greece hide it's debt. Who's responsible for the mess they are in now? Is it really those nasty socialists?

Pray tell, what caused all of that debt that needed to be hidden? One right wing government between 2004-2009? Massive social spending that probably began decades ago. Attempting to blame this on one government is foolish, but rather is a series of governments that decided that appeasing the voters with excessive spending was the right way to go.

This mess is caused by excessive spending. Not by one "right wing" (that's in European terms, so ha, not exactly of the level of North American parties) government in power for a handful of years. If you think this was caused by that one government, then there's no help for you

Yes the executive power screwed up but still, the people have to understand they have no choice. They CAN'T continue like that. Period. They are thinking like socialists.

What's funny, it's kinda the same thing we are experiencing in Quebec. If Quebec was a country, we would be the 5th more indebted country, just after Greece. Yet, we have a "right-winger" in charge who continues to make the government bigger and bigger and who refuses to cut some useless programs we have to not make the unions angry. He didn't do anything in the last budget but still, there were 50 000 persons in the streets last weekend.