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Greece downgraded to CCC by S&P, Greek MPs plan their getaway!
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There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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worldtraveller wrote: »
Good article worldtraveller. I really liked the click on timeline above that which goes something like:
* Argue about the Euro
* Announce austerity measures
* Workers go on strike in protest
* Fail to make Euro criteria
* Announce austerity measures
* Workers go on strike in protest
* Hold a snap election and get a different government in
* Spend some more money
* Fail to make more Euro criteria
* Announce more austerity measures
* Workers go on strike in protest
* Have your economy downgraded by Fitch
* Announce austerity measures
* Workers go on strike in protest
* and so on....
ETA: sorry I missed the Olympics = overspend = austerity measures = strikes bit.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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worldtraveller wrote: »
How half-witted of them, it can only make a dire situation worse....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »How half-witted of them, it can only make a dire situation worse.
Our lot are no better.0 -
In brain cells, true. But we aren't quite as close to the edge of the cliff as Greece is....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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How does the Greek government justify taking money from taxpayers in countries that cannot retire until 65 to pay for their own citizens to retire at 55?
As stated earlier:tartanterra wrote: »their attitude appears to be:
"We just don't give a t*ss"Nothing is foolproof, as fools are so ingenious!0 -
S&P said this morning a French plan to allow Greece to voluntarily change the terms on some of its debts when they come up for repayment would, "likely amount to a default under our criteria".
French banks, which hold some of the biggest exposures to Greek government debt, want to allow the country to extend the maturity of its bonds, which S&P said could be defined as a "selective default".
Telegraph.co.ukThere is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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