Financial Crisis in Greece

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  • Dejan
    Member
    • Sep 2008
    • 589

    #16
    Anything is possible wonderer
    You want Macedonia? Come and take it from my blood!

    A prosperous, independent and free Macedonia for Macedonians will be the ultimate revenge to our enemies.

    Comment

    • Risto the Great
      Senior Member
      • Sep 2008
      • 15658

      #17
      Originally posted by Wanderer View Post
      I dont think this can be done.You see,many countries depend on Greece's economy and something like that would be catastrophic
      In what way Wanderer? Please provide examples of how Greece's economy provides value to other countries.
      Risto the Great
      MACEDONIA:ANHEDONIA
      "Holding my breath for the revolution."

      Hey, I wrote a bestseller. Check it out: www.ren-shen.com

      Comment

      • Bratot
        Senior Member
        • Sep 2008
        • 2855

        #18
        Not that much as the Greek tourism depends on the neighbouring countries.

        Suddenly, every second Greek rapidly will learn to speak Macedonian. Just like in the old good days.
        The purpose of the media is not to make you to think that the name must be changed, but to get you into debate - what name would suit us! - Bratot

        Comment

        • Prolet
          Senior Member
          • Sep 2009
          • 5241

          #19
          Bratot, They already can, 95% of the Macedonians go to Egejska Makedonija do you expect somebody from Crete or Athens to speak our language?
          МАКЕДОНЕЦ си кога кавал ќе ти ја распара душата,зурла ќе ти го раскине срцето,кога секое влакно од кожата ќе ти се наежи кога ќе видиш шеснаесеткрако сонце,кога до коска ќе те заболи кога ќе слушнеш ПЈРМ,кога немаш ни за леб,а полн си во душата затоа што ја сакаш МАКЕДОНИЈА. МАКЕДОНИЈА во срце те носиме.

          Comment

          • Risto the Great
            Senior Member
            • Sep 2008
            • 15658

            #20
            Greece warned about credit rating

            BBC, News, BBC News, news online, world, uk, international, foreign, british, online, service


            Concerns about Greece's economy have continued to grow as the country has been warned it may have its credit rating cut.

            The ratings agency Standard & Poor's has put Greece on negative credit watch, saying deteriorating public finances raised concern about its debt.

            The Mediterranean country's debt stands at more than 110% of GDP.

            Separately, the president of the European Central Bank (ECB) said Greece needed to take "courageous" measures.

            "The situation in Greece is very difficult," ECB chief Jean-Claude Trichet told the European Parliament's economic committee.

            "So this calls for very difficult, very courageous but absolutely necessary measures."

            Greece's new government has acknowledged growing fears about its ability to pay its debts, fuelled by Dubai's financial problems.

            Finance Minister George Papaconstantinou has said the government is working to correct a "lack of credibility" in the financial markets.

            Markets are worried about the vulnerability of government bonds following comments from Dubai's government minister that it would not guarantee troubled property firm Dubai World's debt.

            Governments and companies issue bonds to raise money on the financial markets.

            Standard & Poor's said it was considering downgrading Greece to reflect its view that "the fiscal consolidation plans outlined by the new government are unlikely to secure a sustained reduction in fiscal deficits and the public debt burden".

            The agency also cut Portugal's outlook to negative from stable.
            Risto the Great
            MACEDONIA:ANHEDONIA
            "Holding my breath for the revolution."

            Hey, I wrote a bestseller. Check it out: www.ren-shen.com

            Comment

            • Risto the Great
              Senior Member
              • Sep 2008
              • 15658

              #21
              "courageous" measures might include growing the hell up and trying to help the citizens of Greece rather than inciting hatred.
              Risto the Great
              MACEDONIA:ANHEDONIA
              "Holding my breath for the revolution."

              Hey, I wrote a bestseller. Check it out: www.ren-shen.com

              Comment

              • Bill77
                Senior Member
                • Oct 2009
                • 4545

                #22
                This is continuation of earlier reports just over a week ago 29-Nov. So Problem is not and will not go away for Greece.



                Greece can expect no gifts from Europe
                "If the Greek government refused to comply, which is quite possible, the next step could be the penalty procedure under the stability pact. So instead of helping Greece, the EU might be asking Greece to pay a penalty. This in turn would aggravate Greece’s financial position in the... unlikely event that the government would agree to pay it. "

                http://www.macedoniantruth.org/forum/showthread.php?p=120873#post120873

                Comment

                • Bill77
                  Senior Member
                  • Oct 2009
                  • 4545

                  #23
                  "The situation in Greece is very difficult," ECB chief Jean-Claude Trichet told the European Parliament's economic committee.

                  "So this calls for very difficult, very courageous but absolutely necessary measures."


                  Being a Forex Trader, i will tell you usualy when Trichet speaks the Markets move in a way that many Traders loose there shirts. For Trichet to comment, this is serious shit.
                  http://www.macedoniantruth.org/forum/showthread.php?p=120873#post120873

                  Comment

                  • Risto the Great
                    Senior Member
                    • Sep 2008
                    • 15658

                    #24
                    Let me be the first to donate to their pension fund.

                    But first .... kiss my flag.
                    Risto the Great
                    MACEDONIA:ANHEDONIA
                    "Holding my breath for the revolution."

                    Hey, I wrote a bestseller. Check it out: www.ren-shen.com

                    Comment

                    • Risto the Great
                      Senior Member
                      • Sep 2008
                      • 15658

                      #25
                      Greek stocks fall 6% on fears over the country's debt

                      BBC, News, BBC News, news online, world, uk, international, foreign, british, online, service


                      Falling confidence in Greece's economic policies and ability to pay its debts have seen Greek shares slump 6%.

                      The decline came after the Fitch credit rating agency cut Greece's rating to a 10-year low. Greek bond prices also fell as a result.

                      Fitch's move underscores the fact that Greece's debt is the most expensive to service in the eurozone.

                      The European Commission urged the Greek government to take "more measures" to reduce its deficit.

                      Greece has the highest debt of the 16-member eurozone - forecast at 125% of gross domestic product next year.

                      Fitch's downgrade follows recent warnings by two other agencies that they were considering such a move.

                      "A difficult situation in one euro area member state is a matter of common concern for the euro area as a whole," warned outgoing European Union economic and monetary affairs commissioner Joaquin Almunia in a statement.

                      "It is clear that Greece faces very substantial economic and fiscal challenges... but more measures are required."

                      'Asphyxiating stranglehold'

                      On Monday, Jean-Claude Trichet, the president of the European Central Bank (ECB), said the Greek government needed to take "courageous" measures.

                      Greece's Finance Minister George Papaconstantinou has acknowledged growing fears about its ability to pay its debts, fuelled by Dubai's financial problems.

                      Some analysts say Greece could at some point be unable to use its own government debt as collateral for borrowing from the ECB.

                      "Greece finds itself in an asphyxiating stranglehold to prod the government to undertake structural reforms and measures to combat tax evasion," said Manos Hatzidakis, an analyst with brokerage firm Pigasos.

                      The BBC's economics editor Stephanie Flanders said that although there are no formal bail-outs for eurozone economies, Greece has been getting the next best thing to a bail-out, from the ECB.

                      The financial blow came as the government struggled to settle two days of youth riots.

                      They mark the anniversary of the police shooting of a 15-year-old boy last year. That triggered widespread violence also fuelled by anger over the economy.

                      Governments and companies issue bonds to raise money on the financial markets.

                      Markets are worried about the vulnerability of government bonds following comments from Dubai's government minister that it would not guarantee troubled property firm Dubai World's debt.

                      Other countries seen as weak include the Republic of Ireland, Spain and Portugal.
                      Risto the Great
                      MACEDONIA:ANHEDONIA
                      "Holding my breath for the revolution."

                      Hey, I wrote a bestseller. Check it out: www.ren-shen.com

                      Comment

                      • makedonche
                        Senior Member
                        • Oct 2008
                        • 3242

                        #26
                        RTG
                        Hopefully the beginning of the end!
                        On Delchev's sarcophagus you can read the following inscription: "We swear the future generations to bury these sacred bones in the capital of Independent Macedonia. August 1923 Illinden"

                        Comment

                        • Bill77
                          Senior Member
                          • Oct 2009
                          • 4545

                          #27
                          German MP asks Greece to Leave the EU for the Good of the Union

                          German MP asks Greece to Leave the EU for the Good of the Union


                          Thursday, 10 December 2009

                          Things have picked up steam as more information pours in from Brussels. Though politicians have been tight lipped over what was said during the debates in Brussels, Deutche Welle released information regarding Macedonia's EU accession talks.

                          DW was not the only one to release information, apparently PM Gruevski felt at ease to say what was said during his talks with Papandreou few weeks ago, but more on that later.

                          DW reported on a heated exchange between German parliamentarian Angelika Beer and Greek MP Micias Marutkiotis.
                          Beer’s reaction came after Marutkiotis wrapped up a speech of how helpful his country had been in the EU integration process of Balkan countries adding "Greece had helped the economy of each Balkan country" This could be a new investment model: a bankrupt country helping others.

                          Walter Kolbo, former MP and head of the “Macedonian Greek Partnership” reminded his Greek colleague that the German Bundestag had passed a resolution back in 2003 asking Athens to cease their obstructions towards Macedonia, adding Macedonians and Greeks are “Europeans”, there is no need for blocking neighbors from getting into NATO and the EU.

                          MP Angelika Beer, in comparison to Mr. Kolbo, was somewhat sharper and clearer in her reply to the Greek delegation: “You must decide how far you like to push your policies against the wishes of the Europeans. It would be best for you to decide whether you wish to stick to your policies or leave the European Union.”

                          MINA finds Athens received support from Bucharest in Brussels, which is understandable considering Greece (over 60%) has the second largest Vlach population after Romania. But here is the irony with this support. Several months ago, Romania placed the Macedonian language (as minority language) under ‘protection’, thus informing the EU of their decision which made the language automatically protected under EU laws. The Macedonians who live in Romania are refugees from you guessed it, Aegean Macedonia. Greek politicians at the time were furious with Romania’s decision because it caught them by surprise and countered Athens’ wishes for no Macedonian language at EU level.

                          Back to the Macedonian PM. In an interview with DW in Bonn, the PM revealed he had told the Greek PM (during their meeting in Prespa) that no Macedonian Government in the next 100 years will accept Greece’s blackmail.

                          Last edited by Bill77; 12-10-2009, 10:00 AM.
                          http://www.macedoniantruth.org/forum/showthread.php?p=120873#post120873

                          Comment

                          • makedonche
                            Senior Member
                            • Oct 2008
                            • 3242

                            #28
                            “You must decide how far you like to push your policies against the wishes of the Eur

                            A lesson in democracy for the so called "cradle" of democracy! They should use one of their other democratic rights available to them - the right to leave the EU - instead of blackmailing any country that makes continuous legitimate attempts to enter!
                            On Delchev's sarcophagus you can read the following inscription: "We swear the future generations to bury these sacred bones in the capital of Independent Macedonia. August 1923 Illinden"

                            Comment

                            • Pelister
                              Senior Member
                              • Sep 2008
                              • 2742

                              #29
                              I hope more European politicians stand up to Greece's lies and bully boy tactics.

                              The Germans have courage I will say that much.

                              Comment

                              • Risto the Great
                                Senior Member
                                • Sep 2008
                                • 15658

                                #30
                                Originally posted by Bill77 View Post
                                DW reported on a heated exchange between German parliamentarian Angelika Beer and Greek MP Micias Marutkiotis.
                                Beer’s reaction came after Marutkiotis wrapped up a speech of how helpful his country had been in the EU integration process of Balkan countries adding "Greece had helped the economy of each Balkan country" This could be a new investment model: a bankrupt country helping others.

                                I think the EU is well tired of Greece and its agenda of hatred and racism in modern Europe. This is the tip of the ice-berg. There will be more anti-Greek sentiment coming from all corners of the EU in the months to come. What will they do to redeem themselves is the question.
                                Risto the Great
                                MACEDONIA:ANHEDONIA
                                "Holding my breath for the revolution."

                                Hey, I wrote a bestseller. Check it out: www.ren-shen.com

                                Comment

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