it means everyone’s 40k is about to take a big hit. obama says it’s all fine, though, and he’s an expert on everything. he says that greece is the JV of international economies.
I’m sure we’ll all be fine.
Keep away from a woman like that!
popcorn throwing contest
WE IS OWED!!!
Look for that to become a VERY unfortunate picture/meme.
Fly catching competition?
This is what Paul Krugman says is the correct approach to economic policy. Of course, this is the path to one world government.
There are five key things tied to Greece and it’s ‘mess’.
First, for over 2,500 years....Greece has had a tax issue. Greeks took it personal and a lot of merchants left the area over taxes. Over the past fifty years....Greeks learned tax avoidance. If you find any Greek who makes over $100,000 a year....he practicing some type of avoidance in his daily business. Fair-share in taxation in Greece....is a joke.
Second, once tourism arrived in the 1960s....Greek political folks pressed forward on infrastructure and had thousands of projects being worked....way ahead of the tax schedule. So they borrowed money to pay for the projects. The guys running the tax revenue business and the spending business....never talked together. So they kept out-spending what was coming in.
Third, the socialist government of the past 50 years have promised tons of programs. Each had a cost. No one ever asked if they were ever exceeding their revenue potential. Well...they were.
Fourth, the Olympic Games had a huge cost....arenas, the int’l airport, roads, and the subway system. Well...again, they never had the money.
Fifth, when they came to join into the Euro....they were totally unprepared, but needed the Euro. They faked the books and got entry.
My Big Fat Greek Debting
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Could this cause the Euro to drop, which would make the Dollar rise, bringing about a ‘ripple effect’ of sorts over here?
I see a resemblance to chicks in a nest waiting to be fed.
It is my understanding they rejected an offer that has already expired .. e g not on offer any longer.
Yes or no vote made no difference. There is no deal.
It means nothing. Just go about your day reading FR. There is nothing more important in the world.
What do they export to the U.S.? Financial misery.
