Greek money pit swallows another Eur120bn

Wookster

vivatifosi wrote: »

I have to declare an ulterior motive. I'm waiting to be able to buy Sifnos for £2.87.

I'm waiting for cheap kite surfing holidays to Greece.

Masomnia

Cheaper olive oil sounds good.

shortchanged_2

The_White_Horse wrote: »

when i said to my teacher friend that he should be paid according to his results he laughed in my face. jokers.

Do you think you would get teachers lining up to work in tough inner city schools then?

Lotus-eater

The_White_Horse wrote: »

this is what happens when you let the public sector have its way.

get back to work teachers and thank us you have a pension at all, with all the illiterate and innumerate mongos you churn out.

when i said to my teacher friend that he should be paid according to his results he laughed in my face. jokers.

I'm just shocked you have a "friend"

The_White_Horse

shortchanged wrote: »

Do you think you would get teachers lining up to work in tough inner city schools then?

they would get paid more - more pay if you choose to work in a tough inner city school than a nice pleasant rural one. it's not rocket science.

it is market forces. lefties. hahahahahaha

Graham_Devon

Some violent protests going on in Greece.

Video here: http://www.bbc.co.uk/news/world-europe-13935400

This whole EU thing is a complete farce. How on earth can they all pretend they can actually get these austerity measures through.

Sitting around tables trying to agree on something you know you cannot pull off, while people set off rockets at the building you are sitting in, is just plain stupid. Waste of money in itself.

FTBFun

The_White_Horse wrote: »

they would get paid more - more pay if you choose to work in a tough inner city school than a nice pleasant rural one. it's not rocket science.

it is market forces. lefties. hahahahahaha

I think that's how this works? Or its easier to progress in any case (if you can put up with it).

StevieJ

Wookster wrote: »

I'm waiting for cheap kite surfing holidays to Greece.

The natives won't be happy after tasting the largesse the Euro zone afforded, be like a lion who has feasted on human flesh :eek:

vivatifosi

Doni't know if anyone has read the FT today, but interesting item on the letters page. David Riley, Group MD of Fitch, wrote in re Greek ratings. Said that the "Vienna Plus" initiative involving a voluntary rollover of Greek bonds would be viewed as a sovereign default event and would place the Greek sovereign rating in Restricted Default. For full text of letter see:

http://www.ft.com/cms/s/0/3dac60d6-a115-11e0-9a07-00144feabdc0.html

StevieJ

vivatifosi wrote: »

Doni't know if anyone has read the FT today, but interesting item on the letters page. David Riley, Group MD of Fitch, wrote in re Greek ratings. Said that the "Vienna Plus" initiative involving a voluntary rollover of Greek bonds would be viewed as a sovereign default event and would place the Greek sovereign rating in Restricted Default. For full text of letter see:

http://www.ft.com/cms/s/0/3dac60d6-a115-11e0-9a07-00144feabdc0.html

How can it be a default if it is an action proactively orchestrated by the bond holders. If Fitch want their day in the sun they may as well just call a default now. Wait a minute this is what Fitch said a couple of weeks ago.

June 15 (Bloomberg) — Fitch Ratings said it would probably keep ratings of Greek government bonds above default level if European Union leaders go ahead with plans for investors to voluntarily roll over their holdings of the country’s debt.

http://ftalphaville.ft.com/blog/2011/06/20/599161/vienna-plus/