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Greece downgraded to CCC by S&P, Greek MPs plan their getaway!

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Comments

  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Greek unions have declared a 48-hour general strike next week.
    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...
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    worldtraveller wrote: »
    Greek unions have declared a 48-hour general strike next week.

    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.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    worldtraveller wrote: »
    Greek unions have declared a 48-hour general strike next week.

    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'.
  • ILW
    ILW Posts: 18,333 Forumite
    neverdespairgirl wrote: »
    How half-witted of them, it can only make a dire situation worse.

    Our lot are no better.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    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'.
  • tartanterra
    tartanterra Posts: 819 Forumite
    ILW wrote: »
    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! :D
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.uk
    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...
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