The World's $$$ holding their breath over a little fuking place called Greece

[Sam Odom]

I hope the One Worlders are happy

[NYSportsGuy210]

We should blow the country up.

[Brock Landers]

They are good at running small restaurants, not countrys

[Br0nxer]

They are good at running small restaurants, not countrys

diners

[Sam Odom]

a little good news

Gavin Hewitt, BBC Europe editor, tweets: Mood changing. Some limited cheering at New Democracy HQ in Athens. They believe they will end up with largest number of votes.

[MartinBlank]

Greece's problems didn't begin in 2008---- In fact, they had one of the fastest growing economies from 2000-2007 in the Eurozone. The problem that Greece ran into was their markets and economy were flooded with foreign investments, and there happens to be systemic corruption in Greece when it comes to paying taxes. Add the removal of foreign capital, with the most corrupt EU nation, and they were bound to fail.

Normally that wouldn't have hurt Greece, until their bond rating became less valuable than an SBR trivia question. That is when the wheels came off. I know it's not a popular opinion, but the EU should let them default, and get their drachma back. Let it devalue, and then the Greeks will finally learn a lesson.

[Sam Odom]

Martin , the way things are now so intertwined a little DOMINO like Greece is very dangerous if the domino falls

[paranoyd androyd]

Greece's problems didn't begin in 2008---- In fact, they had one of the fastest growing economies from 2000-2007 in the Eurozone. The problem that Greece ran into was their markets and economy were flooded with foreign investments, and there happens to be systemic corruption in Greece when it comes to paying taxes. Add the removal of foreign capital, with the most corrupt EU nation, and they were bound to fail.

Normally that wouldn't have hurt Greece, until their bond rating became less valuable than an SBR trivia question. That is when the wheels came off. I know it's not a popular opinion, but the EU should let them default, and get their drachma back. Let it devalue, and then the Greeks will finally learn a lesson.

Everyone with an ounce of intelligence has been saying this for years.

[ACoochy]

so ironic that the country that invented democracy may bring about its downfall...
Nuff said

[jerry]

Long term, Greece returns to the Drachma, defaults on their debt.

[sportsfanatic]

if greece thinks they're in pain now, just wait till they're kicked out of the euro. look at what happened in argentina. unlike argentina, greece lacks abundant natural resources. massive devaluation and inflation will teach this welfare state a valuable lesson.

[PAULYPOKER]

If Greece excepts the Euro it will drive all of Europe into a financial catastrophe, you can count on it,why? because it is deliberately and specifically designed to end all sovereignty forcing all of Europe into one giant nation..........

[sportsfanatic]

personally i think the euro is doomed long term. sooner or later germany will eventually become insane paying other countries debts.

[eyeball]

The Euro is doomed and so is the US. We will never pay off the debt.. Where is our tax money why do we owe 16 trillion. Bankers and politicians stole our money

[Sam Odom]

With 40% of votes counted, the projections put New Democracy on 30.5% of the vote (131 seats), Syriza on 26% (69) and Pasok on 12.9% (34).

Those figures could allow New Democracy to form a coalition with Pasok that would back the country's bailout.

http://www.bbc.co.uk/news/world-europe-18478982

[byronbb]

forcing all of Europe into one giant nation..........

.... called germany.

[Inkwell77]

.... called germany.

Germany still runs the show

[ChalkyDog]

Any person with any kind of foresight saw this happening 2005 or earlier. Greece, along with eastern euro countries cooked their books because they wanted to be part of the EU.

Hell, I was in a pretty remedial world politics class, and that is all the professor was going on about. And that was in 2004.

[paranoyd androyd]

Long term, Greece returns to the Drachma, defaults on their debt.

They defaulted on their debt over 2 years ago.

[jerry]

They defaulted on their debt over 2 years ago.

At the end of the day, Greece is voting yes or no too default.

http://www.businessweek.com/ap/2012-06-15/key-dates-in-greeces-debt-crisis

[NYSportsGuy210]

The Euro is doomed and so is the US. We will never pay off the debt.. Where is our tax money why do we owe 16 trillion. Bankers and politicians stole our money

I agree with most of this.....

[Harry N. Lloyd]

so ironic that the country that invented democracy may bring about its downfall...
Nuff said

Don't forget, they invented backdoor sex too........that beats a gyro any day of the week.

[ACoochy]

Don't forget, they invented backdoor sex too........that beats a gyro any day of the week.

feel sorry 4 the kiddies who were subject to this in the early early days...

[THEINSIDER900]

They are good at running small restaurants, not countrys

and your good at losing money

[McBa1n]

Greece's problems didn't begin in 2008---- In fact, they had one of the fastest growing economies from 2000-2007 in the Eurozone. The problem that Greece ran into was their markets and economy were flooded with foreign investments, and there happens to be systemic corruption in Greece when it comes to paying taxes. Add the removal of foreign capital, with the most corrupt EU nation, and they were bound to fail.

Normally that wouldn't have hurt Greece, until their bond rating became less valuable than an SBR trivia question. That is when the wheels came off. I know it's not a popular opinion, but the EU should let them default, and get their drachma back. Let it devalue, and then the Greeks will finally learn a lesson.

Yay, good post.
What's funny is 'business news' says 'markets will be x and or y' over Greece. Yep, Greece, itself will crash all the markets.
If you study default swaps and 'mortgage backed securities' and the like - you MAY get economics. Greece's issues start there in a HUGE way, but the problem goes deeper. Corrupt and bad management assisted by corrupt and bad management = cluster f. Greece can recover, it has a nice economy otherwise, but it doesn't need corrupt norst bad management. Meanwhile, some tosser is lighting his Cubanos with a 100$ bill and laughing.

[andywend]

Greece's problems are quite simple to understand:

Too much consumption and not enough production.

Public sector government union workers calling 25 hours a full time week. Retirement with lavish pensions given at age 50, etc.

4 more years of Obama and we'll be like Greece too.

[PAULYPOKER]

Here,Mr. Bill Still will explain what is going on in a nutshell............

[Duff85]

Most of the world of course has the good old USA to thank for the global financial crisis. The average American's obsession with getting everything now, combined with the banks drive to make crazy profits exploded pretty spectacularly on everyone worldwide. So it is a bit rough for Americans to rip on the Greeks.

[MUHerd37]

"The problem with socialism is that eventually you run out of other people's money."

Margaret Thatcher

[PAULYPOKER]

Most of the world of course has the good old USA to thank for the global financial crisis. The average American's obsession with getting everything now, combined with the banks drive to make crazy profits exploded pretty spectacularly on everyone worldwide. So it is a bit rough for Americans to rip on the Greeks.

Wrong,It is none other than the central bank system of the world owned by a few elite families,smash your fukkin Tv and start searching for truth on your own cause no main stream media will EVER give it to you!

I apologize if this "seems to be rude" to you............

[PAULYPOKER]

Greece's problems are quite simple to understand:

Too much consumption and not enough production.

Public sector government union workers calling 25 hours a full time week. Retirement with lavish pensions given at age 50, etc.

4 more years of Obama and we'll be like Greece too.

For a minute there I thought you were talking about the US because you sure as hell described the US..........

[golfrulz]

The chaos that is engulfing Europe, where 17 countries share a common currency (the euro) but lack a unified fiscal policy, underscores again the wisdom of America’s Framers, who cast aside a states-rights-oriented system in favor of a strong central government, which ironically is now what the Tea Partiers want to dismantle. - TEAbaggers are intellectual light-weights, and racist buffoons.

[jbart28]

Golfrulz put the bath salts down. You and your socialists friends are ruining the country.