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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Supposedly Goldman Sachs was Greece's banker...
Post #403,293
by Another Scott
7/7/15 1:24:58 PM
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New Supposedly Goldman Sachs was Greece's banker...
http://m.spiegel.de/international/europe/a-676634.html#spRedirectedFrom=www&referrrer=https://www.google.ch/

Lots of people wanted Greece in the Euro whether they were ready or not.

Whatever the history is, problems with the tax system and corruption can'take be fixed in 6 months even if you have willing partners. Greece didn't have a willing partner to help them get growing again.

Atrios has explained all of this very well for years:

"People got no jobs and got no money." Greece's economy is built on tourism and shipping - which both dried up when the economy imploded. Things won't get better until people are working and have money to spend.

Until the troika gets out of their moralistic punishment mode, thing aren'the going to change, and as such, Greece's government will have no incentive to listen to their advice.

My $0.02.

Cheers,
Scott.
Post #403,297
by pwhysall
Picture of pwhysall
7/7/15 2:04:53 PM
Reply
New Doesn't matter what the troika does.
Unless the Greeks actually start to collect some tax, start retiring at a practical age, and generally start doing all the other stuff that goes with having an actually functioning economy, the entire debt could be forgiven right now, and they'd still be up shit creek in a decade's time.

Fuck 'em. They've had 30 (or more!) years to not be as bent as a three-pound note.

But they wanted into the €, and now the Merkelpiper is calling the tune.
Post #403,299
by mmoffitt
7/7/15 2:20:28 PM
Reply
New With a banker like Goldman, they were doomed from the start.
     another explaination for the greece no vote - (boxley) - (10) - July 6, 2015, 10:56:57 PM EDT
         Outstanding! Full Agreement. -NT - (mmoffitt) - July 7, 2015, 10:02:48 AM EDT
         Are both sides right? - (drook) - (8) - July 7, 2015, 10:26:39 AM EDT
             They lied. - (pwhysall) - (7) - July 7, 2015, 10:33:38 AM EDT
                 But you knew it - (crazy) - (3) - July 7, 2015, 10:45:37 AM EDT
                     Not us, ackshully. - (pwhysall) - (2) - July 7, 2015, 10:53:19 AM EDT
                         So basically it was a NINJA loan - (drook) - (1) - July 7, 2015, 11:13:15 AM EDT
                             Sort of and sort of. -NT - (pwhysall) - July 7, 2015, 11:19:16 AM EDT
                 Supposedly Goldman Sachs was Greece's banker... - (Another Scott) - (2) - July 7, 2015, 01:24:58 PM EDT
                     Doesn't matter what the troika does. - (pwhysall) - July 7, 2015, 02:04:53 PM EDT
                     With a banker like Goldman, they were doomed from the start. -NT - (mmoffitt) - July 7, 2015, 02:20:28 PM EDT

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