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Greece: is it finally the meltdown phase?


Shqiptar

Well-known member
Joined
Mar 18, 2012
Messages
6,309
Greece - remember it? How much more can the beleagured population take? Unemployment has hit yet another record of 27%. Youth unemployment is at 62%. By the end of the year, it's predicted that one third of the population will be susbsisting (if even that) below the poverty level of 7,200 euro per year. That's more than 10% poorer than Albania and below the likes of El Salvador and Algeria.

The electricity network is near breaking point. Electricity theft has always been a background problem but it was mainly in the poorest areas and amongst illegal immigrants. But now, even in the richest areas, people are stealing power.

Tax intake is also declining. VAT is down particularly sharply despite a hike in the rate to 23%. People are just buying far less.

Sources:
1. Greek unemployment hits record high - RTÉ News
2. Greece Slows Tax Refunds, Investments | Greece.GreekReporter.com Latest News from Greece
3. Greece is facing a humanitarian crisis | Alex Politaki | Comment is free | guardian.co.uk
 

Clanrickard

Well-known member
Joined
Apr 25, 2008
Messages
33,054
Greece - remember it? How much more can the beleagured population take? Unemployment has hit yet another record of 27%. Youth unemployment is at 62%. By the end of the year, it's predicted that one third of the population will be susbsisting (if even that) below the poverty level of 7,200 euro per year. That's more than 10% poorer than Albania and below the likes of El Salvador and Algeria.

The electricity network is near breaking point. Electricity theft has always been a background problem but it was mainly in the poorest areas and amongst illegal immigrants. But now, even in the richest areas, people are stealing power.

Tax intake is also declining. VAT is down particularly sharply despite a hike in the rate to 23%. People are just buying far less.

Sources:
1. Greek unemployment hits record high - RTÉ News
2. Greece Slows Tax Refunds, Investments | Greece.GreekReporter.com Latest News from Greece
3. Greece is facing a humanitarian crisis | Alex Politaki | Comment is free | guardian.co.uk
Yet New Democracy has overtaken Syriza in the polls and confidence amongst business people has increased according to an Economist article. I think there has been a slow worsening but the reality is there is no credible alternative to belt tightening.
 

Crazy horse 6

Well-known member
Joined
Dec 15, 2011
Messages
13,515
Read somewhere the other day that Europe now has a higher unemployment level than Brazil. Lisbon, yes for jobs.:p
 

P Ryan

Well-known member
Joined
Nov 25, 2011
Messages
3,509
Europe 2013. Going nowhere fast.
70 years without a major war in Europe, we're long overdue for one, should help tackle youth unemployment at the same time. petunia
 

Ribeye

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Joined
Jul 12, 2011
Messages
26,306
An entire nation of recruits for Ron and Ribser,

If it takes starvation to wake the sheep, so be it,

The idiot politicians are worried about being re-elected:)

The fools don't even realise that they're going to be shot, if they're lucky,

The unfourtunate ones will face far worse fates,
 

Crazy horse 6

Well-known member
Joined
Dec 15, 2011
Messages
13,515
Yet New Democracy has overtaken Syriza in the polls and confidence amongst business people has increased according to an Economist article. I think there has been a slow worsening but the reality is there is no credible alternative to belt tightening.
Lol "slow worsening". With spin like that FG should be all over you for a PR role.
 

P Ryan

Well-known member
Joined
Nov 25, 2011
Messages
3,509
I'm assuming quite a few here are party hacks employed to patrol these type of sites and put a spin on everything. Tens of thousands of posts in the space of a year is kinda a giveaway....
 

Crazy horse 6

Well-known member
Joined
Dec 15, 2011
Messages
13,515
Hey.... we got 450 jobs in E-bay today! A warehouse full of telephones and some plastic chairs...Yay.
450 "proposed" jobs. Check back on that in a while and see how many are actual jobs and how many will require workers be brought in from other nations.
 

Dublin 4

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Joined
Feb 6, 2011
Messages
12,993

borntorum

Well-known member
Joined
May 26, 2008
Messages
12,805
'Meltdown' joins 'gombeen' and 'bead rattler' in the, er, troika, of words that I'd like to see banned from politics.ie
 

Fractional Reserve

Well-known member
Joined
Apr 30, 2011
Messages
8,326
The thing is Rib people thing that won't happen today we are to civilized , i say horsesyte to that , we are worse .
They did it in the USA and hung bankster them from lamp posts
An entire nation of recruits for Ron and Ribser,

If it takes starvation to wake the sheep, so be it,

The idiot politicians are worried about being re-elected:)

The fools don't even realise that they're going to be shot, if they're lucky,

The unfourtunate ones will face far worse fates,
 

Ribeye

Well-known member
Joined
Jul 12, 2011
Messages
26,306
The thing is Rib people thing that won't happen today we are to civilized , i say horsesyte to that , we are worse .
They did it in the USA and hung bankster them from lamp posts
They can think what they like, if the people in power refuse to heed the lessons of history than that's their own lookout,

They should watch the YouTube video of Gaddafi being grabbed by the mob in Libya,

Look at the sheer shock on his face boys and girls as he realises he is about to be killed,

He never, in his wildest dreams, thought it could ever happen to him,

Just like you think it can never happen to you,

Just sayin is all:):):):)
 

Verhofstadt

Well-known member
Joined
Jun 7, 2007
Messages
6,196
Website
********************
Greece - remember it? How much more can the beleagured population take? Unemployment has hit yet another record of 27%. Youth unemployment is at 62%. By the end of the year, it's predicted that one third of the population will be susbsisting (if even that) below the poverty level of 7,200 euro per year. That's more than 10% poorer than Albania and below the likes of El Salvador and Algeria.

The electricity network is near breaking point. Electricity theft has always been a background problem but it was mainly in the poorest areas and amongst illegal immigrants. But now, even in the richest areas, people are stealing power.

Tax intake is also declining. VAT is down particularly sharply despite a hike in the rate to 23%. People are just buying far less.

Sources:
1. Greek unemployment hits record high - RTÉ News
2. Greece Slows Tax Refunds, Investments | Greece.GreekReporter.com Latest News from Greece
3. Greece is facing a humanitarian crisis | Alex Politaki | Comment is free | guardian.co.uk
You forgot to mention one of the biggest issues they have to deal with, namely tax evasion by the wealthy.

Until the rich are taxed fairly Greece will continue to be a basket case.

Tax evasion is estimated to cost the Greek economy $37billion per year

Tax Evasion Across Industries: Soft Credit Evidence from Greece by Nikolaos Artavanis, Adair Morse, Margarita Tsoutsoura :: SSRN
 
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