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The internet is trying to bailout Greece
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By *oxy_minxWoman
over a year ago
Scotland - Aberdeen |
"Someone has set up a page, on the crowd funding website indiegogo, to try and raise €1.6bn to bail out Greece.
As of the time of writing this, they have got €311,254 with 6 days to raise the rest "
really?  |
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"Someone has set up a page, on the crowd funding website indiegogo, to try and raise €1.6bn to bail out Greece.
As of the time of writing this, they have got €311,254 with 6 days to raise the rest
really? "
Yeap, now on €324,814 |
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"Someone has set up a page, on the crowd funding website indiegogo, to try and raise €1.6bn to bail out Greece.
As of the time of writing this, they have got €311,254 with 6 days to raise the rest "
They would have done better to have trademarked the names of their islands, if they had just 1€ for time I'd seen a video starring some women from Lesbos...
Mr ddc |
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By (user no longer on site)
over a year ago
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We bailed them out once so if we bail them out again, how many more times are we going to have to do it ????
I'll try that each time my bank account runs low - I'll just ask the bank to dump a few quid into it ..... |
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By (user no longer on site)
over a year ago
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"Bailing out Greece is like filling up a bucket with a hole at the bottom
I completely agree"
Okay add in Italy, Spain, Portugal, and the other 3 heavy in debt Euro countries...
Pet hate now STOP blaming the Greeces..it was not only the Greeces who got into a mess but look at Italy 132% of GDP in debt strongly followed by Spain - When Brussels bailed out Spain and Portugal and the money went straight to the German and French insurance companies and banks did the press in Britain "scream"?
Greece was overrun with loans by Brussels and everyone knew that they could never repay but in the 90's money was cheap and everything was booming.
And now ? Money is cheap but the Euro zone is Zombie land...exports have broken away, tourists from abroad stay away and there's nothing left.
All that money which went into the "bucket" never ever saw Greece, but was used in Brussels to repay German, French, US banks and of course the IMF loans.
So therefore the credits given were never used to "help" Greece get going again but were used to 78% to repay interest, loan outstandings, penalties of Brussels for breach of agreements.
Greece has no chance to move as bound in a currency which is not flexible, as it does not accept that 1 part in a whole is maybe weak and needs time to recover.
The Euro is an invention of Germany and France - The Germans to export and for the French to play Napoleon.
The Ecu the basket of European currencies worked perfect before the Euro but it did not give Germany an advantage in export as in this basket the Mark (DM) was 40% weighted and therefore costly for the product.
German was not exporting anymore!
Also to all those who shout and scream why should Greece get a cut in their debt - look at history and 1951 Germany. Under dication of the US, France, Britain and all the other allies had to write off their outstandings vs. Germany so that the USA had a better and bigger power in place vs. Russia.
Think about all that and stop bashing Greece thank you - they have gone through enough with OAP living on the streets begging as their pensions have been cut to nothing thanks Brussels, or children starving... Great Welcome to the real EU  |
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That's the difference between Greece and the UK - we get taxed to buggery (typically with none of the money going where it *should*) and they don't. That said, it's a beautiful country and the locals are the nicest people you could wish to meet, I hope they get sorted out. |
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By (user no longer on site)
over a year ago
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"Someone has set up a page, on the crowd funding website indiegogo, to try and raise €1.6bn to bail out Greece.
As of the time of writing this, they have got €311,254 with 6 days to raise the rest "
Do we get given a part of Greece for helping out ?
Him |
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By (user no longer on site)
over a year ago
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"They must have signed up to the loans knowing what their responsibilities were re repayments. They should manage their economy better. "
Problem is that for decades no bugger has paid the right amount of tax and they were retiring at 55 on fat pensions.
They should never have been allowed into the Euro but Germany bent the rules and forced them in when they did not meet any of the criteria.
Germany should pick up the tab! |
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By (user no longer on site)
over a year ago
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"Latest update. As of 10:52, the total is now €724,790.
Only €1,599,275,210 to go.
"
.
If they raise 1 euro a second for the next 50 years... There sorted.. Of course that's not allowing for interest or inflation |
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"I wonder what's going to happen to this tidy sum that has been "collected" when Greece inevitably bails...."
All I know is that, under indiegogo rules, if the target is not reached, then all the money is automatically refunded to the people who donated.
Now on €802,990
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By (user no longer on site)
over a year ago
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"I'll give them a fiver, if a can get one of their islands in return.
I think that's fair.  
I bagsie corfu!!!! snooze ya lose!!!!  "
Damn it!!
With so many to choose from I didn't think to call dib's.  |
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By *abioMan
over a year ago
Newcastle and Gateshead |
"I'll give them a fiver, if a can get one of their islands in return.
I think that's fair.
I bagsie corfu!!!! snooze ya lose!!!!
Damn it!!
With so many to choose from I didn't think to call dib's. "
that ok... i gave them 15 euros... i now own crete as well!!! |
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By (user no longer on site)
over a year ago
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Funnily enough that's exactly what the Germans have been trying to do, they want security and that means all the Greeks cash generating assets!... Leaving them even in a worse position to pay back any debts.
No for me, either the Germans have to bite the bullet and reduce their debt or they leave the euro and they make their own decisions on monetary policy |
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Yes, Fabio, I'm looking at you. 