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I personally know very well few persons from Greece and they are working hard and have good working moral but this is not the issue...It is that no one in Greece like to pay taxes, also big corruption is major problem.
An this is reason for situation in Greece, you can not live for ever just taking more and loan.
For massive corruption, you totally miss the picture. Look at the other way like banks such as Deutsche Bank and the likes which commit massive fraud and lend to countries very well knowing they can't pay back, make tons of money out of them and when those loans can't be paid they push austerity measures on people to the point were they commit suicide. Some banks which by the way were helped by european taxpayers. Deutsche bank alone has more than $75TRILLION in derivatives (unsecured loans). Basically they don't even have the money that they loan.
so what? Show me the years and source. Was it during the depressed greek economy era which was destroyed with austerity measures? That's not the point anyway
so what? Show me the years and source. Was it during the depressed greek economy era which was destroyed with austerity measures? That's not the point anyway
2013 for Greece and 2012 for Finland. Look in wikipedia.
2013 for Greece and 2012 for Finland. Look in wikipedia.
You are too lazy to provide the source and link?Well exactly if you are right. That's when things shutting/shutted down during the austerity which in effect nullifys your point D'Oh
In the US where we are both from , there are big penalties for tax evasion for people and our government spends spends spends with debt in the books. People pay taxes but corporations and multinationals find loopholes and don't. Our country and many others in the western world keep spending We (the US)have trillions in debt and soon will be unable to pay interest on those debts! The interest that we pay could help build our infrastructure which is falling apart and improve the economy but there is no money or I priorities are screwed! So, I see similarities in the end result between Greece and the US and other countries in debt. Think about it . Its just a different way to reach that bad end result. Mind you it is not even written in our constitution to collect taxes. And don't get me started with corrupt politicians not only in Washington but Brussels which only serve special interest groups etc
Last edited by Rozenn; 07-19-2015 at 09:12 AM..
Reason: Orphaned - Response to a deleted post
Mind you its compared with Greece during the crisis. Finland will be joining the club soon
"The weakest economy in the eurozone this year (2015) might not prove to be Greece or Portugal, but Finland. The Nordic country is entering its fourth year of recession, with output still well below its 2008 peak.".........."“The public finances are completely screwed, it can’t go on like this,”"
Last edited by WildWestDude; 07-17-2015 at 06:48 PM..
"The Paris-based organization found that Greece’s maligned workforce put in 2,034 hours on average in 2012, more than any of the 34 countries surveyed. Industrious Northern Europeans, on the other hand, were not so, well, industrious. Germans put in 1,397 and the Swiss, 1,619 hours — both below the OECD average of 1,765."
If Germans can get more done in 1400 hours than Greeks working double the hours that should tell you something right there.
Quote:
Originally Posted by WildWestDude
Poverty ridden nothing producing hole? Only because of years of austerity.
How can anybody be so clueless. They were struggling in the 1980's and for the 150 years before that. Greece has always been a poor country. It just doesn't look poor right now because it maxed out the German credit card. Yugoslavia looked nice in the 1970's until they ran out of Slovenian money ..... but 10 years of not having money to keep up your infrastructure and everything starts looking like hell. That's what you'll see in Greece in 10 years.
Quote:
Originally Posted by FlorianD
PPP adjustments are utterly nonsense, because every country has a different basket of goods. They don't compare apples with apples, because they never adjust for differences in quality. The ppp concept is nothing more like a illogical figment.
Of course Greece is a poor country (but of course it has agriculture). It also has industry, but by far not enough. Now Greece is even more poor. Now (2014) they live within their means. Greeks should be shocked about how little they are able to produce, but no, they blame other countries for their own misery.
Don't confuse the issue. This is not a math or statistics final--The concept is very simple. Do the 1.8 million people who live in West Virginia produce more per capita than the 11 million people in Greece or not? The answer is yes. Whether that number is 2/3 or 1/2 of the West Virginia number doesn't matter.
Do parts of West Virginia look like hell holes? The answer is yes.
The question I have then is why does Greece think it has the means to look nice and have nice stuff? The correct answer is: IT DOESN'T AND IT DIDN'T.
(If you don't like my comparison using West Virginia because of the low population, it also works with more populous states that are also poor. Comparing the GDPs of Georgia, Mississippi, Louisiana, Alabama, New Mexico, Kentucky, South Carolina will produce similar results. I purposely picked West Virginia because it is mountainous, like Greece.)
Bottom line: You can't have an economy worse than West Virginia's and have the same stuff Germany and The Netherlands have!
Last edited by PerryMason614; 07-17-2015 at 09:02 PM..
"Industrial production (manufacturing) in Greece (2009)[129]
Rank Production Rank Production
Industry Value Industry Value
1 Portland cement €897,378,450 6 Cigarettes €480,399,323
2 Pharmaceuticals €621,788,464 7 Beer €432,559,943
3 Ready-mix concrete €523,821,763 8 Dairy €418,527,007
4 Beverages (non-alcoholic) €519,888,468 9 Aluminium slabs €391,393,930
5 Rebars €499,789,102 10 Coca-Cola products €388,752,443
– Total production value: €20,310,940,279"
Oh my. $250 billion in GDP and they only manufacture $20 billion?
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