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Old 06-27-2011, 08:17 AM
 
Location: Raleigh, NC
20,054 posts, read 18,314,554 times
Reputation: 3827

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where else? In Greece! More bailout money please! Let those hard working Germans eat cake!


Quote:
Even on a stiflingly hot summer's day, the Athens underground is a pleasure. It is air-conditioned, with plasma screens to entertain passengers relaxing in cool, cavernous departure halls - and the trains even run on time.
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The transport perks are not confined to the customers. Incredibly, the average salary on Greece’s railways is £60,000, which includes cleaners and track workers - treble the earnings of the average private sector employee here.

No wonder Switzerland opted out of this redistribution scam.

Krugman-in-Wonderland: Greece: Creating prosperity through spending, Right?
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Old 06-27-2011, 08:19 AM
 
Location: Great State of Texas
86,052 posts, read 84,626,176 times
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Because Greece hasn't really followed through on their austerity plans.
And now they get a free pass to roll over their debt and kick the can down the road a while longer.
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Old 06-27-2011, 08:22 AM
 
Location: Raleigh, NC
20,054 posts, read 18,314,554 times
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I particularly liked this:

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The overground rail network is as big a racket as the EU-funded underground. While its annual income is only £80 million from ticket sales, the wage bill is more than £500m a year — prompting one Greek politician to famously remark that it would be cheaper to put all the commuters into private taxis.
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Old 06-27-2011, 08:23 AM
 
Location: Maryland
18,630 posts, read 19,454,104 times
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Krugman in Wonderland, priceless.
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Old 06-27-2011, 09:00 AM
 
Location: Raleigh, NC
20,054 posts, read 18,314,554 times
Reputation: 3827
In before:

Krugman's economics booby prize
An educational comparison akin to comparing d*ck sizes between the blog author and Krugman
"The private sector just needs to catch up with the public sector"
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Old 06-27-2011, 09:05 AM
 
5,756 posts, read 4,006,516 times
Reputation: 2308
Quote:
Originally Posted by summers73 View Post
where else? In Greece! More bailout money please! Let those hard working Germans eat cake!







No wonder Switzerland opted out of this redistribution scam.

Krugman-in-Wonderland: Greece: Creating prosperity through spending, Right?
Just look in your backyard my old co-workers can make that in a year with overtime and i grant you they earn every dime of it...except the company pays the wages not the taxpayer....
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