Now that's a good one... "expertise from the eurozone"... a bunch of bumblers, working to protect the banks, with no plan B, and with no insight into long term consequences or alternatives.JR8 wrote:They have said they are ready to accept expertise from the eurozone,"
Strong Eagle wrote:Now that's a good one... "expertise from the eurozone"... a bunch of bumblers, working to protect the banks, with no plan B, and with no insight into long term consequences or alternatives.JR8 wrote:They have said they are ready to accept expertise from the eurozone,"
Greece really just ought to pull the trigger and start printing drachmas. I'm sure the "expertise from the eurozone" will be able to handle this.
Its probably been mentioned in this thread somewhere, but I am sure I read recently that there were only 30 or so declared millionaires in Greece.aster wrote:Some random info that has been floating around lately:
Apparently not that long ago there were officially 11,000 people in Greece aged 100+. Brussels inquired into this, and it turned out that there are actually only 800 Greeks who are currently into triple digits. Surprise, surprise?
According to tax-office statistics, tax filings showed that only 324 people had properties with swimming pools in a bloc of neighbourhoods in Athens. After the gov't announced that it will use satellite photography to verify this information, all sorts of materials were sold out from local DIY stores. Final tally of swimming pools in the area: 16,974 swimming pools.
That rating is actually too kind. It should be in free fall like a pair of knickers on a tart.....JR8 wrote:Kinda interesting watching EU politicians destroy the EU.
Markets fall after Moody's downgrades Portugal to 'junk'
The credit rating agency singled out the insistence of European leaders on private bondholders taking part in the Greek bail-out as a reason for the downgrade.
Moody's slashed Portugal's debt four notches to Ba2, saying that the country was likely to need a second bail-out before it could raise money in the capital markets.
The outlook was left at negative, signalling the possibility of more downgrades...
Meanwhile, Hans Hoogervorst, the new head of the International Accounting Standards Board, suggested allowing European banks to adopt a new accounting rule, called IFRS 9, to gain a "bit more leeway" on Greek debt. IFRS rules have attracted controversy in Britain for hiding risks and distorting accounts.
Delia, you dirty daily mail reader. Shame on you!!JR8 wrote:But wait, it gets better! Portugal was downgraded by Moodys due to the actions of EU politicians, and now they're threatening to sue. LOL!
A-ha but of course, start an EU rating agency that will report ratings that the politicians demand. It all makes sense in EUland!
Fact is EU politicians have totally buggered Europe and they don't like that fact being reported.
Credit agencies are 'anti European' blasts EU president Barroso as Portugal's credit rating is slashed to junk status
'Anti-European': European Commission President Jose Manuel Barroso has attacked credit agencies after Moody's slashed Portugal's rating
The president of the European Commission has attacked credit agencies as 'anti-European' after Portugal's rating was slashed.
Jose Manuel Barroso said the EU planned to strengthen regulations overseeing the three major credit rating agencies - Moody's, Standard & Poor's and Fitch.
And he said European legislators would also look into issues of 'civil liability' for incorrect judgments by agencies on the credit worthiness of sovereign European nations.
'It seems strange that there is not a single rating agency coming from Europe,' he said.
'It shows there many be some bias in the markets when it comes to the evaluation of specific issues of Europe.
'There are some possible developments regarding the possibility of creating ratings agencies originating in Europe.'
It comes after Moody's gave a devastating assessment of Portugal's financial problems.
It said Portugal 'could not fully achieve the cuts needed to reduce its bulging deficit'. [continues]
http://www.dailymail.co.uk/news/article ... opean.html
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