Hit by crisis, Greek society in free-fall

Discussion in 'Economy' started by Nova78, Nov 1, 2012.

  1. Nova78
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    Nova78 Gold Member

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    Hit by crisis, Greek society in free-fall | Comcast

    — A sign taped to a wall in an Athens hospital appealed for civility from patients. "The doctors on duty have been unpaid since May," it read, "Please respect their work."
    The reforms have been painful, and the country faces a sixth year of recession.

    Life in Athens is often punctuated by demonstrations big and small, sometimes on a daily basis. Rows of shuttered shops stand between the restaurants that have managed to stay open. Vigilantes roam inner city neighborhoods, vowing to "clean up" what they claim the demoralized police have failed to do. Right-wing extremists beat migrants, anarchists beat the right-wing thugs and desperate local residents quietly cheer one side or the other as society grows increasingly polarized
    Private businesses have closed down in the thousands. Unemployment stands at a record 25 percent, with more than half of Greece's young people out of work. Caught between plunging incomes and ever increasing taxes, families are finding it hard to make ends meet. Higher heating fuel prices have meant many apartment tenants have opted not to buy heating fuel this year. Instead, they'll make do with blankets, gas heaters and firewood to get through the winter. Lines at soup kitchens have grown longer.

    Expect the same here under obama's regime, it is not if but when -tick-tock tick-tock.
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    $Barack-Obama-With-Members-Of-His-Administration-440x293.jpg
     
  2. eflatminor
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    eflatminor Classical Liberal

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    Greece should build a high speed train. That'll fix everything...:eusa_shifty:
     
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  3. Meathead
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    Meathead Gold Member

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    Yup, the long-term effects of socialist policies like early retirement, entitlements, bloated public sector and pampered unions. It does ring a bell.

    I am a dual US/Greek citizen. I've seen one of my countries going to hell and I am seeing the other one follow suit.

    So yeah, FORWARD!
     
  4. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    or better yet just have their central bank print some money to buy more and more central government debt!!!
     
  5. Meathead
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    Meathead Gold Member

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    I think you miss the point. Greece cannot print more money. That's their problem.
     
  6. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    its not a problem its a blessing!! Now they have to learn to live within their means, and now they have to learn that getting ahead means getting productive, not looking for a bigger welfare entitlement check!
     
    Last edited: Nov 1, 2012
  7. Rozman
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    Rozman Gold Member Supporting Member

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    If only we could loan them Paul Krugman.
    He would fix things in a jiffy.

    First the Greek government needs to spend a huge amount of money on a stimulus.
    Second get rid of all those unsightly tall marble columns that are all over the place there.
    And build low cost rent subsidized government housing.
    Put everyone on disability and government food stamps.
    That will get the economy going.

    And if for some unforeseen reason this may fail....
    Do it again....
    Just spend more government money on it.
     
  8. eflatminor
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    eflatminor Classical Liberal

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    You think Greece could fix their problems if they could print money? How would that work?
     
  9. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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    and don't forget they must villify the productive class so no one will want to be productive ever again!!!!
     
  10. Rozman
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    Rozman Gold Member Supporting Member

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    First order of business is to make sure the productive class
    is vilified and mocked for being productive.
    Throw a few you didn't build that at them.Then say they are not paying their fair share.
    Then they can move to getting the country going again....



    :lol::lol::lol:
     
    Last edited: Nov 1, 2012

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