Macedonian Truth Forum   

Go Back   Macedonian Truth Forum > Macedonian Truth Forum > General Discussions

Reply
 
Thread Tools
Old 03-29-2011, 11:14 PM   #1
TrueMacedonian
Senior Member
 
TrueMacedonian's Avatar
 
Join Date: Jan 2009
Posts: 3,809
TrueMacedonian will become famous soon enough
Default Greece's Surging Unemployment May Become ‘Bomb’ to Society, Minister Says

http://www.bloomberg.com/news/2011-0...ster-says.html

Greece's Surging Unemployment May Become ‘Bomb’ to Society, Minister Says

By Marcus Bensasson - Mar 28, 2011 7:03 AM ET

Greece’s increasing jobless rate may become a “bomb in the foundations of society” as the government struggles to lower the country’s budget gap, Economy and Competitiveness Minister Michalis Chrisochoides said.

“The economic problem will at some point be solved but the social problems are getting continually more toxic,” Chrisochoides said in an interview on March 22 in Athens. “At the moment we have a society that is patient and dealing with the problem, but we have to show people that what we are doing is working.”

Greece’s unemployment rate surged to a record 14.8 percent in December, making it the second highest after Spain in the 17- member euro region. The government has been forced to toughen spending cuts and raise taxes in exchange for last year’s 110 billion-euro ($115 billion bailout from the European Union and the International Monetary Fund as the nation grapples with its third year of recession.

A possible doubling of investment under the country’s National Strategic Reference Framework may help shift the growth drivers from consumer spending to exports and output, Chrisochoides said. The funds are unaffected by government efforts to implement deficit-cutting measures equivalent to 0.75 percent of gross domestic product this year, he said.

“We are trying to create a Greece that is friendly to investment,” Chrisochoides said. “Many businesses that didn’t have a healthy foundation will close during this crisis. The issue is to avoid strong ones closing because of a lack of available bank finance.”

Among those at risk is Elefsina Shipyards, which filed for creditor protection on March 10. The shipyard, which builds commercial and military ships, is in talks with the government and its lenders, Alpha Bank SA and Emporiki Bank SA (TEMP) about a restructuring.

Elefsina closing “would be a defeat because it is a very strong operation that employs 700 people and gives work to small businesses,” Chrisochoides said.

To contact the reporter on this story: Marcus Bensasson in Athens at [email protected]

To contact the editor responsible for this story: Craig Stirling at [email protected]
__________________
Slayer Of The Modern "greek" Myth!!!
TrueMacedonian is offline   Reply With Quote
Old 03-30-2011, 03:21 AM   #2
fyrOM
Banned
 
fyrOM's Avatar
 
Join Date: Feb 2010
Posts: 2,180
fyrOM is an unknown quantity at this point
Default

Only 14.8% unemployment rate? That's not enough. Od eden pomalce.
fyrOM is offline   Reply With Quote
Old 03-30-2011, 03:24 AM   #3
George S.
Senior Member
 
George S.'s Avatar
 
Join Date: Aug 2009
Posts: 10,116
George S. is on a distinguished road
Default

the bigger the unemployment the bigger the eventual revolt.
George S. is offline   Reply With Quote
Old 03-30-2011, 03:29 AM   #4
Daskalot
Senior Member
 
Daskalot's Avatar
 
Join Date: Sep 2008
Location: In a Library
Posts: 4,345
Daskalot is on a distinguished road
Default

The snowball has started to roll. Lets see were it ends up.
__________________
Macedonian Truth Organisation
Daskalot is offline   Reply With Quote
Old 03-30-2011, 04:01 AM   #5
Voltron
Banned
 
Join Date: Jan 2011
Posts: 1,363
Voltron is on a distinguished road
Default

^ Hopefully into a default. I seriously dont understand what our govt is doing. They are buying time. Its inevitable. Why pander to these capatilistic pricks is beyond me.

1)Default and Leave the Euro sending this message
2)Exile/Jail Politicians and Greek juggernauts for treason
3)Confiscate their property (including their family members)
4)Bring in Diaspora Greeks to rule the country.

I know Im dreaming, but if it was up to me thats what I would do.
More and more I am admiring Argentina. Props to them.
Voltron is offline   Reply With Quote
Old 03-30-2011, 04:12 AM   #6
Bill77
Senior Member
 
Bill77's Avatar
 
Join Date: Oct 2009
Location: In front of my Lap Top
Posts: 4,545
Bill77 has much to be proud ofBill77 has much to be proud ofBill77 has much to be proud ofBill77 has much to be proud ofBill77 has much to be proud ofBill77 has much to be proud ofBill77 has much to be proud ofBill77 has much to be proud ofBill77 has much to be proud of
Default

Quote:
Originally Posted by Voltron View Post

1)Default and Leave the Euro sending this message
2)Exile/Jail Politicians and Greek juggernauts for treason
3)Confiscate their property (including their family members)
4)Bring in Diaspora Greeks to rule the country.

I know Im dreaming, but if it was up to me thats what I would do.
More and more I am admiring Argentina. Props to them.
Well i have the similar wishful thinking only i dream it on the Macedonian government.


1)Turn our backs on any EU aspirations and sending this message
2)Exile/Jail Politicians and Macedonian juggernauts for treason
3)Confiscate their property (including their family members)
4)Bring in Diaspora Macedonians to rule the country
__________________
http://www.macedoniantruth.org/forum/showthread.php?p=120873#post120873
Bill77 is offline   Reply With Quote
Old 03-30-2011, 04:13 AM   #7
George S.
Senior Member
 
George S.'s Avatar
 
Join Date: Aug 2009
Posts: 10,116
George S. is on a distinguished road
Default

voltron your politicians have allready spirited the money away.So when things get more bad massive unemployment will bring a big revolt by the greek masses.
George S. is offline   Reply With Quote
Old 02-25-2013, 05:27 PM   #8
TrueMacedonian
Senior Member
 
TrueMacedonian's Avatar
 
Join Date: Jan 2009
Posts: 3,809
TrueMacedonian will become famous soon enough
Default

Quote:
Originally Posted by Voltron View Post
^ Hopefully into a default. I seriously dont understand what our govt is doing. They are buying time. Its inevitable. Why pander to these capatilistic pricks is beyond me.

1)Default and Leave the Euro sending this message
2)Exile/Jail Politicians and Greek juggernauts for treason
3)Confiscate their property (including their family members)
4)Bring in Diaspora Greeks to rule the country.

I know Im dreaming, but if it was up to me thats what I would do.
More and more I am admiring Argentina. Props to them.
I guess dreaming and blaming is a typical grk response in the face of a catastrophe. Unemployment in greece is now 27% soon to hit 30%. This dreaming has been a nationwide nightmare for some.
__________________
Slayer Of The Modern "greek" Myth!!!
TrueMacedonian is offline   Reply With Quote
Old 05-02-2013, 08:01 PM   #9
DraganOfStip
Senior Member
 
DraganOfStip's Avatar
 
Join Date: Aug 2011
Location: Malta
Posts: 1,253
DraganOfStip has much to be proud ofDraganOfStip has much to be proud ofDraganOfStip has much to be proud ofDraganOfStip has much to be proud ofDraganOfStip has much to be proud ofDraganOfStip has much to be proud ofDraganOfStip has much to be proud ofDraganOfStip has much to be proud ofDraganOfStip has much to be proud of
Default

Here's something I came across by accident,an interesting article about why unemployed Greeks still refuse to go strawberry picking on their fields amid the crisis and leave that job to the migrant workers (many of them even Macedonian).

http://www.keeptalkinggreece.com/201...berry-picking/
__________________
”A people that elect corrupt politicians, imposters, thieves and traitors are not victims... but accomplices”
― George Orwell
DraganOfStip is offline   Reply With Quote
Old 05-02-2013, 08:29 PM   #10
Phoenix
Senior Member
 
Phoenix's Avatar
 
Join Date: Dec 2008
Posts: 4,535
Phoenix has much to be proud ofPhoenix has much to be proud ofPhoenix has much to be proud ofPhoenix has much to be proud ofPhoenix has much to be proud ofPhoenix has much to be proud ofPhoenix has much to be proud ofPhoenix has much to be proud ofPhoenix has much to be proud of
Default

Quote:
Originally Posted by DraganOfStip View Post
Here's something I came across by accident,an interesting article about why unemployed Greeks still refuse to go strawberry picking on their fields amid the crisis and leave that job to the migrant workers (many of them even Macedonian).

http://www.keeptalkinggreece.com/201...berry-picking/
If there's such a thing as 'Karma', the greeks still haven't encountered it...all this 'inconvenience' the 'poor' bastards are enduring is paradise compared to the fate they deserve.

I've just watched a doco on Cyprus and their own fall into the abyss but WTF were they (Cyprus and the EU) thinking, as the analogy the presenter used, the Cypriots went from goat herders to international bankers, overnight.

You just can't polish a turd, whether that turd be greek, cypriot, slovenian, bulgar or any of the first world pretenders that have fraudulently entered the EU.
Phoenix is offline   Reply With Quote
Reply

Tags
economic failures, greece, unemployment


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump