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Greece...
Comments
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UK is not expecting to be bailed out whilst knocking it's creditors so not entirely relevant to the discussion regarding Greece."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Christine Lagarde has given an interview to the Guardian which gives Greece very short shrift. Widely quoted in other papers today.
http://www.guardian.co.uk/world/2012/may/25/christine-lagarde-imf-euro?newsfeed=true
Extract:
So when she studies the Greek balance sheet and demands measures she knows may mean women won't have access to a midwife when they give birth, and patients won't get life-saving drugs, and the elderly will die alone for lack of care – does she block all of that out and just look at the sums?
"No, I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education. I have them in my mind all the time. Because I think they need even more help than the people in Athens." She breaks off for a pointedly meaningful pause, before leaning forward.
"Do you know what? As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time. All these people in Greece who are trying to escape tax."
Even more than she thinks about all those now struggling to survive without jobs or public services? "I think of them equally. And I think they should also help themselves collectively." How? "By all paying their tax. Yeah."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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I find her quite impressive.0
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D.Telegraph is today quoting a rumour from Bank of Tokyo-Mitsuibishi that they (the bank) expect a Greece exit from the euro over the weekend of 2/3 June.0
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ChiefGrasscutter wrote: »D.Telegraph is today quoting a rumour from Bank of Tokyo-Mitsuibishi that they (the bank) expect a Greece exit from the euro over the weekend of 2/3 June.
A weekend would pretty much be a certainty, if an exit were to happen. They have an extended weekend then with the Whit Monday holiday.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 -
ChiefGrasscutter wrote: »D.Telegraph is today quoting a rumour from Bank of Tokyo-Mitsuibishi that they (the bank) expect a Greece exit from the euro over the weekend of 2/3 June.
That would be before they got to hold the next election, how would that work with only a caretaker government in charge.[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
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vivatifosi wrote: »"Do you know what? As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time."
I suppose the mortgage interest rate went up more than she expected. But she could always default on her debts to pay her taxes. And I believe there's no property tax on a cardboard box yet."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Woman-in-the-street to TV reporter: "After I've paid my mortgage, I've got 160 euros a month to live on. No I don't pay my taxes."
I suppose the mortgage interest rate went up more than she expected. But she could always default on her debts to pay her taxes. And I believe there's no property tax on a cardboard box yet.
She needs to live within her means, and taxes are a part of everyday expenses.
If you cannot pay your mortgage and taxes, your mortgage is more than you can afford.
Sort of sums up the Greek attitude of taxes somehow being optional and something you only pay if it won't hurt too much.0 -
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