But...but...how can Greece lose? I thought that with socialism, everyone is a winner.How just 12 million lazies by not paying taxes screw their own government on 500 Billion USD???Now time to tight your bells, lazies and go back to work under creditor terms. Whole freaking country on strike doesn't workfor 1 year already. Go back to work, punks...

QuoteOriginally posted by: TheNaifBut...but...how can Greece lose? I thought that with socialism, everyone is a winner.How just 12 million lazies by not paying taxes screw their own government on 500 Billion USD???Now time to tight your bells, lazies and go back to work under creditor terms. Whole freaking country on strike doesn't workfor 1 year already. Go back to work, punks...What the hell have you been smoking dude? Where can I get some of the same stuff?

QuoteOriginally posted by: AnthisQuoteOriginally posted by: TheNaifBut...but...how can Greece lose? I thought that with socialism, everyone is a winner.How just 12 million lazies by not paying taxes screw their own government on 500 Billion USD???Now time to tight your bells, lazies and go back to work under creditor terms. Whole freaking country on strike doesn't workfor 1 year already. Go back to work, punks...What the hell have you been smoking dude? Where can I get some of the same stuff?where did all the money go??? man let me tell you if they don't pay it's gonna be the "land of freedom" like in Libya over there haha

QuoteOriginally posted by: TheNaifQuoteIt depends on the rules. Obviously no capitalist government is going to accept rules which stop their game. I have always advocated in this forum, and for several years now, that capitalism must be replaced by a genuine free market system -- which can only be achieved by appropriate regulation in which capitalists don't make their own rules.you see that's the point, greek parliament didn't do that... it's impossible, you expect the ruling elite to change the rules for a good free market system for the good people !It's not impossible. It needs an educated electorate and basic regulatory rules enshrined in a constitution.QuoteQuoteQuoteQuoteLoaning to a sovereign nation knowing that the politicians in that country will spend it on themselves and their rich friends and pay the debt by raping their working-class is a great scam.So what do you propose? more rules from more politicians to solve the problem? what a joke. I am not saying the contrary, I say cut the debt everywhere across the board, cut their ability to use public money, stop the looting.How does cutting the debt differ from any other type of government rule-making? You've just contradicted yourself. Your id and avatar seem to have been very appropriately chosen.Politicians get elected to spend TAXPAYER money. Cut the spending and at least you cut their ability to cheat on the taxpayerCut which spending? On the working-class or the ruling-class? Or you can cut the ways people can avoid paying their taxes.I understand that it is easier for corrupt governments to cut spending that benefits the working-class, generate unemployment and bring down the price of labor -- which is exactly what Greece is doing right now -- rather than end corruption. But why does that make it the recommended thing to do?

QuoteOriginally posted by: TheNaifQuoteOriginally posted by: AnthisQuoteOriginally posted by: TheNaifBut...but...how can Greece lose? I thought that with socialism, everyone is a winner.How just 12 million lazies by not paying taxes screw their own government on 500 Billion USD???Now time to tight your bells, lazies and go back to work under creditor terms. Whole freaking country on strike doesn't workfor 1 year already. Go back to work, punks...What the hell have you been smoking dude? Where can I get some of the same stuff?where did all the money go??? man let me tell you if they don't pay it's gonna be the "land of freedom" like in Libya over there hahaDude, you smoke the best. Definitely...

QuoteCut which spending? On the working-class or the ruling-class? Or you can cut the ways people can avoid paying their taxes.I understand that it is easier for corrupt governments to cut spending that benefits the working-class, generate unemployment and bring down the price of labor -- which is exactly what Greece is doing right now -- rather than end corruption. But why does that make it the recommended thing to do?Anyways... greeks are doomed. I won't get in the debate "poor greeks are victims" and "it's all the rich fault" because who cares beside I read in a BBC article that the average public salary is an outstandng EUR 4900... and 70% of the people there work for the government... I even read HERE, from YOU guys, that the average salary in the Athenian electric railway company is EUR 8758... a company that runs a EUR 250 million deficit...http://www.wilmott.com/messageview.cfm? ... id=84982so yes, like BullBear said, it's all because of the germans, these fuckin nazis...

QuoteOriginally posted by: AnthisQuoteOriginally posted by: TheNaifQuoteOriginally posted by: AnthisQuoteOriginally posted by: TheNaifBut...but...how can Greece lose? I thought that with socialism, everyone is a winner.How just 12 million lazies by not paying taxes screw their own government on 500 Billion USD???Now time to tight your bells, lazies and go back to work under creditor terms. Whole freaking country on strike doesn't workfor 1 year already. Go back to work, punks...What the hell have you been smoking dude? Where can I get some of the same stuff?where did all the money go??? man let me tell you if they don't pay it's gonna be the "land of freedom" like in Libya over there hahaDude, you smoke the best. Definitely...I smoke hopium with a hookah! it's the best! comes from the latest democracy in the world, Afghanistan. Did you know they already have a central bank there? hahaha

Does anybody know why there is such hype in the media about CDS on Greece? I can understand the risk of contagion and CDS being called upon for peripherals, but it seems a bit strange that the net on Greece is ?5 bn and people are so worried about it... or does the ?5bn go further than that, i.e. is there a chance that one bank is standing in the middle of a lot of CDS?