I figure something is fixing to shake down- that's why the big Facebook IPO- to cover it all up.
It will prop the markets up and keep people from noticing that national debt can cause a country its..well...country.

Originally posted by Vitchilo
And?

Get out of the euro and tell the banks to suck it.

Pull an Iceland.

I doubt the Greek people want the alternative... aka being slaves to the bankers.

I agree. And then be declared bankrupt and have a currency worth absolutely zero. It will happen either way but at least that way it would be the choice of Greece rather than the EU / IMF when to pull the rug.

Be under no illusions though, Greece is a totally different situation to Iceland. No happy ending whatever happens, just pain, pain and more pain for at least the next 15 years.

Originally posted by PhoenixDown

Originally posted by FissionSurplus
Greece should tell the banks to piss off.

I wonder how Iceland is doing? I believe it told the banks to buzz off. If they are doing alright, then maybe Greece should follow in their footsteps.

They are doing OK right now, remember, their economy collapsed last year. only thing I would invest in, in Iceland would be a data centre

Well, that's pretty much it in black and white. Every single person from the ECB, IMF, and anybody in the German government advocating for this is, in my opinion, guilty of economic terrorism.

NEVER blame the Greek masses.

They are only ordinary joes like you and me, with only common human aspirations. They only seek to live and love in peace.

It's their unconscionable leaders whom had misled them and today - the consequences of this betrayal by the leaders and the rich elites to the masses, either through corruption or economic ineptitude.

It is a horror when the masses are made to pay for the mistakes of the unconscionable few. My heart weeps for the greek common masses.....

I think the whole collapse isn't too far away. The language in the mainstream media is changing, I heard a fella on the ABC (National broadcaster in Australia) discussing whether or not Europe would 'blow.'
Normally our media is always talking about how our overpriced housing will grow in value.
Spain's problems are not budgetary, but current account. And on that matter, even with our mining boom and huge trade surplus, we are knackered. We run a current account deficit, paying back foreign loans that financed our property bubble.

Got 6 months food, bought $300 of heirloom - not suicide - seeds, have water, gas and power in credit for a year by paying extra.
Hold on, this is going to get nasty.

And for those who have posted comments about refugees here in Australia, have you ever met one?
Have you worked with them, helped them to learn English, listened to their stories? Helped them learn our ways; little things like how to interpret slang?
If not, you have no right to comment on them.
Have worked extensively with refugees, when they are welcomed, forgiven for their lack of English and just respected as humans, they are amazing.
As an Aussie, deeply embarrassed by some of the comments on this forum.
We caused wars in Afghanistan and Iraq, bring back Malcolm Fraser and his policy to accept all refugees.
Boat people aren't scary; they are risking their lives for a better life.
Let them all in; nearly everyone currently here would have in their ancestry refugee status; either famine families from Ireland, which I am one from 1851, sent criminals from England or from post ww2 immigration.

So I apologise for some of the deeply racist comments on this forum; we aren't all racists. I love getting on a train and hearing all the different languages; makes me proud to be Australian.