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Greece in Crisis

Comments (16)

25 Jun 2012 13:59 AEST

Rosie Davis

From: Victoria

Greece

It's good to see the people out in the streets demanding a life-WHO IS SAYING THAT THE EURO "MUST BE" that THE DEBT "MUST BE" -The minority-Our self appointed-capitalist-would be masters who want to continue to control the worlds finances & their pursuit of the almighty BUCK-There way HAS NOT WORKED-AND-There is always another way-ONLY THAT IN THEIR DENIAL THE LOOSERS WON'T LET GO-Those who have run the money game till now have stuffed it up-It's time to let someone else have a turn.

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13 Jun 2012 14:40 AEST

Jesus

From: Clayfield

a

The Germans made mistakes thats for sure ask Shroader. They were hell bent on the creation of the Euro and just went with the figures supplied by the euro commision which were a beat up by the south euro countries. France pushed for these southern Euro countries to be allowed in. as a mechanism to restrict the Germans somewhat. Well it's working France. All of them have to take the blame.

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12 Jun 2012 20:42 AEST

K.M.

From: San Diego, CA, USA

Greek TEM barter system

So interesting to learn about the communities using TEM with their barter system! Very resourceful. Their morale and outlook on life was drastically more positive than those of people who only possessed (or didn't posses) Euros to buy necessities. Seems that the most practical and lucrative asset that many of them had was a bit of land to grow their own food and sell it for TEM at the markets. Good lesson for the rest of us.

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12 Jun 2012 20:41 AEST

Anne

From: Crete

The (Greek) Crisis

Yes it's about some Greeks who don't pay their taxes! Yes it's about politicians who are responsible for letting the corrupt system continue for so long and the individuals who kept them in power because they could exploit the system too! And Yes it's about the international monetary organisations,companies,speculators or wealthy individuals who all represent man's basic desires of greed and disregard for the people you have to exploit in order to make more of that DIRTY MONEY!!!

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07 Jun 2012 10:33 AEST

Ian

From: Melbourne

Poor report

That was a very poor report. Mark Davis obviously hadn't done much research. He was asking the PASOK MP whether her party would form a coalition with SYRIZA or New Democracy. Obviously they are forced to band together with ND. He also kept saying that SYRIZA wants out of the euro - that is not true. SYRIZA has always and continues to make the ridiculous claim that Greece can renege on the bailout terms but stay in the Eurozone. He didn't ask any of the right, hard questions of either side's reps

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07 Jun 2012 10:33 AEST

Sharky

From: Pattaya

Pay Your Taxes

Reading some of these comments makes my dinner come back up. Everyone is responsible for what has happened except for the Greek citizens who have avoided paying taxes and having children to sustain the welfare state. EVERYONE! The politicians, the Germans, the immigrants, the 'financial system', the Americans...Everyone, you name it. I no longer think Greece should be allowed to leave the Euro, of their own volition. I think they should be kicked out!

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06 Jun 2012 12:36 AEST

James

From: Melbourne

Greek debt

Some of the Greek debt has been written off. It will not be repaid, it is about investors in Greek Government Bonds becoming comfortable with the risk profile (impacting on cost) because the Greek Government can service its obligations courtesy of GDP and receipts. That is why there absolutely needs to be a focus on growth of the economy and not a concentration on the ridiculous "repay the debt" jargon. It is what the debt is financing and then the servicing ability because we all rely on debt.

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06 Jun 2012 12:36 AEST

Peter

From: Melbourne

Greek debt

You constantly referred to Greece repaying its debt. Why and how? By way of example, courtesy of the Mining Boom phase 1 and the transition of those proceeds courtesy of a raft of government policies we saw our mortgage debt owed to our lenders rise from $334 BILLION in 2000 to $1.234 TRILLION in 2010, the same size as our GDP which grows at 3.5% PA. So how are we different to Greece with our banks borrowed as they are? And are our banks being persued to repay their debt? Compare!

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