Greece and the likelihood of a financial default?

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priscillams
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Greece and the likelihood of a financial default? Apr 28, 2015 5:43:24 GMT -5

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Post by priscillams on Apr 28, 2015 5:43:24 GMT -5

Hey I will rely on Heather to put this question where it belongs.

But what do you UK types think about Greece and the likelihood of a financial default?

With today's near instant news reporting I think a panic in the world markets could happen.

I'm not the pessimist perhaps I seem. Oh shut up Priscilla!

usmichelle
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Greece and the likelihood of a financial default? Apr 28, 2015 5:53:46 GMT -5

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Post by usmichelle on Apr 28, 2015 5:53:46 GMT -5

Greece is in serious financial trouble.

They are refusing to cooperate with lenders, especially Germany.

It is hard to believe that many uninformed leaders
can be grouped together in any single country.

GNP wise, Greece was never a world player.

For some reason they just never developed a serious
export scheme other than some semi perishables like various
olive related oils.

Regionally fishing is well done, along with sponge diving
which have largely been replaced synthetically.

Tourism has been their mainstay for over a century.

Peace!

molly
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Greece and the likelihood of a financial default? Apr 28, 2015 9:51:58 GMT -5 via Tapatalk

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Post by molly on Apr 28, 2015 9:51:58 GMT -5

Apr 28, 2015 5:53:46 GMT -5 usmichelle said:

Tourism has been their mainstay for over a century.

... & non-payment of taxes!

Basically, Northern Europeans play by the rules & Southern Europeans try to ignore them.

I seriously doubt of a Greek default will affect world markets etc... as everybody has been expecting it for some time.

It's about time they grew up & started paying what the owe though.

A couple of facts that emerged during the start of their problems.

Greece has more owners of Porsche Caymens, than any other Euro state & less than 4% of Athens residents claimed they had a swimming pool (until the government used Google satellite to show them otherwise).

Más vale solo que mal acompañado

usmichelle
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Greece and the likelihood of a financial default? Apr 28, 2015 10:19:00 GMT -5

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Post by usmichelle on Apr 28, 2015 10:19:00 GMT -5

hahahaha
I so love people that defy governments.

Greece's problems are not solely tax related.

They have historically resisted modernization in education, finances, development,
and cultural preservation.

The same reasons that make Greece a somewhat tourist mecca, has devoured them.

This is a classic leadership failure.

Even on the brink of financial disaster, they refuse to map their own way out.

In a default, Germany could end up owning substantial portions of that beautiful homeland,
and of course they do not want that.

This will be interesting Molly.

Peace!

a_muppet
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Greece and the likelihood of a financial default? Apr 28, 2015 12:50:26 GMT -5

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Post by a_muppet on Apr 28, 2015 12:50:26 GMT -5

We have all been waiting for Greece to mess up. They have been putting holding measures in place ever since the calamity started, but the people have little stomach for it.

Depending on the effect it could have on the euro. It could affect the entire world finances.

Caution, I am feral.

usmichelle
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Greece and the likelihood of a financial default? Apr 28, 2015 12:54:48 GMT -5

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Post by usmichelle on Apr 28, 2015 12:54:48 GMT -5

Yeah there is little agreement on that.

the frustrating thing is they refuse to help themselves.

If Germany walks, and they might, Greece will be in serious default.

They may be renamed Grermany.

Peace!

heatherly Administrator Maintain low tones! Posts: 14,691	Greece and the likelihood of a financial default? Apr 29, 2015 18:07:32 GMT -5 Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by heatherly on Apr 29, 2015 18:07:32 GMT -5 Started a new thread for it. I guess this can count as finances and money issues, just not our own =p

priscillams Preferred Member Posts: 2,955	Greece and the likelihood of a financial default? May 1, 2015 5:24:25 GMT -5 heatherly likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by priscillams on May 1, 2015 5:24:25 GMT -5 I have an aversion to starting new threads....I let my husband drive too.