Eurozone ministers to discuss new bailout for Greece
30 replies, posted
[QUOTE]
[IMG]http://news.bbcimg.co.uk/media/images/64079000/jpg/_64079395_016477102-1.jpg[/IMG]
[B]Eurozone finance ministers are meeting in Brussels to discuss whether to release new funds to indebted Greece.
[/B]
Athens hopes it has done enough to secure the next instalment of bailout money, after passing a budget for 2013 which involves large spending cuts,
Eurogroup chief Jean-Claude Juncker says there will be "no definitive decision" on Monday on the funds.
Greek PM Antonis Samaras earlier warned that without the new loan, the country would run out of money within days.
Mr Juncker has also responded to a long-awaited report on the pace of Greek reform by its three international creditors - the European Commission, the IMF and the European Central Bank.
"The basis is positive, because the Greeks have really delivered," he said.
[B]'Key condition'[/B]
Many in Greece will feel that they have given all they can - and that Europe must now stick to its side of the bargain and provide the rescue funds that this debt-stricken country so desperately needs, says the BBC's Mark Lowen in Athens.
Greek MPs approved the 2013 budget, which includes further cuts to pensions and wages, in a vote on Sunday night.
The European Commission welcomed the approval.
Spokesman Simon O'Connor said: "We'll still need to analyse in detail the final version of the bill. Nonetheless, it very clearly meets another key condition for moving closer to a disbursement of the next tranche of financial assistance for Greece."
More than 10,000 people joined demonstrations outside Greece's parliament to protest against the cuts.
The budget was a pre-condition for Athens to be granted a 31.5bn euro (£25bn; $40bn) EU/IMF loan necessary to stave off bankruptcy.
Greece faces a repayment deadline for 5bn euros of debt on Friday.
However, German Finance Minister Wolfgang Schaeuble has indicated it is unlikely that the eurozone ministers will decide on the disbursement at Monday's meeting.
The funding will have to be approved first by some parliaments, including Germany's.
"We all... want to help Greece, but we won't be put under pressure," Mr Schaeuble told the weekly newspaper Welt am Sonntag.
On Tuesday, Greece is to make an urgent bid to raise funds from the financial markets in case it does not get the tranche of bailout money.
The budget - which contained many austerity measures which had already been passed by parliament - foresees a deepening of the worst recession of any country in modern history, our correspondent says.
[B]The national economy is expected to shrink next year by 4.5% and public debt is likely to rise to 189% of GDP, almost double Greece's national output.
This year, public debt stood at 175%.
The head of Syriza, a left-wing opposition party, said the budget cuts would leave Greeks unable to afford essential goods this winter.[/B][/QUOTE]
[URL="http://www.bbc.co.uk/news/world-europe-20294369"]bbc[/URL]
Jesus, just give their government the boot and let representatives from other countries manage their shit until they turn a profit again.
And start a crackdown on where all the money which where practically flushed down the drain was either spend on, or where they were transferred to.
God damn it, Greece, get your shit together. Iceland managed to partially unfuck itself, mainly by not electing nazis for government.
[QUOTE=Van-man;38420908]Jesus, just give their government the boot and let representatives from other countries manage their shit until they turn a profit again.
And start a crackdown on where all the money which where practically flushed down the drain was either spend on, or where they were transferred to.[/QUOTE]
No no, EU is obligated to reward them for fucking their country up.
greece is lost
unsalvageable
I remember my economics lecturer saying that there isnt a sustainable economics model that can accurately predict Greece's future. In other words Greece is fucked...
[QUOTE=Virtanen;38421086]greece is lost
unsalvageable[/QUOTE]
It would be lost if there actually would be something to be lost.
[QUOTE=Riller;38420923]God damn it, Greece, get your shit together. Iceland managed to partially unfuck itself, mainly by not electing nazis for government.[/QUOTE]
They didn't elect Golden Dawn 'for government', they're one of the smallest parties in parliament, right alongside the Communists.
It may sound a bit harsh, but I think we should boot them out of the Eurozone.
[QUOTE=Megafan;38421428]They didn't elect Golden Dawn 'for government', they're one of the smallest parties in parliament, right alongside the Communists[/QUOTE]
Ah, guess I read sensationalist headlines too much. Still, even having a nazi party in parliament is pretty fucked.
Again?
I'm sorry but making hard working people pay for the mistakes of a bunch of wealthy bankers is disgusting.
[QUOTE=Megafan;38421428]They didn't elect Golden Dawn 'for government', they're one of the smallest parties in parliament, right alongside the Communists.[/QUOTE]
This does seem to be a popular myth in SH
stop trying to bail greece out please
pay denbts
[QUOTE=Virtanen;38421086]greece is lost
unsalvageable[/QUOTE]
just wait until motherfucking zeus comes out of nowhere and pulls a deus ex machina on their asses
EU should of kicked em out years ago
[QUOTE=Ringo_Satu;38421566]It may sound a bit harsh, but I think we should boot them out of the Eurozone.[/QUOTE]
Well they did get in under false pretenses to begin with
Do what they did in the year 1205.
Let the French control them.
Can we stop pouring money down that bottomless well please, it won't do jack shit if the people themselves refuse to give anything up.
There must be a bug at the moment where Greece can get unlimited money from other nations by using the trading menu, hopefully it gets patched.
[img]http://www.dealspwn.com/writer/wordpress/wp-content/uploads/2010/09/Civ5-003.jpg[/img]
[QUOTE=znk666;38421877]Again?
I'm sorry but making hard working people pay for the mistakes of a bunch of wealthy bankers is disgusting.[/QUOTE]
This is what the problem is, they weren't hard working compared to the rest of Europe.
Example:
20% of their economy is based of tourism which only happens in the summer. And they get their pensions 10-15 years before the rest of Europe gets them at, 50-55 instead of 65+.
[editline]13th November 2012[/editline]
[QUOTE=Van-man;38420908]Jesus, just give their government the boot and let representatives from other countries manage their shit until they turn a profit again.
And start a crackdown on where all the money which where practically flushed down the drain was either spend on, or where they were transferred to.[/QUOTE]
A foreign government cant know what really matters and doesn't matter in another country. Making their budget cuts even worse on the people.
I kind of understand the bail out of Greece, they actually faked and tweaked a lot of statistics and financial stuff in order to get into the EU. Their corruption and non-transparency of the financial situation got them in this mess. Besides the economy is mainly build up on short-term business like tourism which can change very fast.
Although the EU looses credibility and nations start to think if they fuck up, they get thrown out to which is against what the EU actually stands for.
Hasn't Greece got some massive problem where they pretty much fudge all of their tax returns and thus pay very little tax?
[QUOTE=download;38433867]Hasn't Greece got some massive problem where they pretty much fudge all of their tax returns and thus pay very little tax?[/QUOTE]
AFAIK it's (funny enough) businesses related to the tourism industry that's committing the most financial fraud.
[QUOTE=taipan;38433786]A foreign government cant know what really matters and doesn't matter in another country. Making their budget cuts even worse on the people.[/QUOTE]
Well nothing will be lost, since their own apparently can't too.
I hope that Greece sees a disorderly collapse so that it will begin a domino effect, leading to a financial collapse in the Eurozone and eventually revolutions.
[QUOTE=Fenrisulfr;38433990]I hope that Greece sees a disorderly collapse so that it will begin a domino effect, leading to a financial collapse in the Eurozone and eventually revolutions.[/QUOTE]
Oh goody another angsty anarchist added to Sensationalist Headlines.
[QUOTE=DaysBefore;38434138]Oh goody another angsty anarchist added to Sensationalist Headlines.[/QUOTE]
Oh goody another angsty non-anarchist added to Sensationalist Headlines.
[QUOTE=Fenrisulfr;38433990]I hope that Greece sees a disorderly collapse so that it will begin a domino effect, leading to a financial collapse in the Eurozone and eventually revolutions.[/QUOTE]
Oh great, Swazi Spring 2.0
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Greece, you're screwed.
FOURTY YEARS since Greece had a budget surplus.
This type of fiscal "responsibility" would kill a Republican on the spot.
[QUOTE=Van-man;38434170]Oh great, Swazi Spring 2.0[/QUOTE]
I thought that moron was a fascist.
[QUOTE=gtanoofa;38439637]I can agree with you that we Greeks work less hard than other European countries although statistics say otherwise, but it's not your average Greek guy's fault but the Government's including tax evasion since laws here are fucking retarded and benefit the rich and the criminals instead of the lawful tax paying citizens.
Plus we retire at 65+ which will rise to 68+ in the following years.
I don't think that a foreign leadership would be bad as long as it decides to unfuck us without expecting big profit, as in not make every company,community.etc private and create something like China where Greek people would be basically slaves working for a lot of hours for a piece of bread.
If they made tax evasion impossible and created profit from our natural resources(which are really a lot) and made little to no profit for themselves(unlike the past decade governments who basically stole funds coming from Europe or my mom and dad) then be my guest, Greece would finally be alive and kicking again.
I also seem to notice a lot of homeless people on the streets lately, old people,young people,kids... thank fuck both of my prents still manage to maintain their considerably high paying jobs.[/QUOTE]
I would swear the news here said something about you guys retiring way earlier than us.
Also whats ur take on all the protesting going on in greece?
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