Army Thread Wednesday 16th May
Hello Army!!!
Reccie, I understand what you're saying but tourism alone is not enough for this country to survive on. One of the problems is that we have no large manufacturing companies here. They took their business to countries like Bulgaria and Romania where the real estate and labour are cheaper. It now costs them much less to make their products so they can compete by selling at lower prices.
Something that has me worried is conversations I've heard on television when they've been discussing what will happen if we go back to the drachma. One of the things mentioned was that we would not be given any credit by other European companies for things such as pharmaceutical products and gasoline. Since we are depending on the loans from the IMF to pay pensions and civil servant wages, how will they be paid? Without a line of credit, companies would have to pay cash for products imported, such as electrical appliances and vehicles and that is simply not viable. For example, if Mr. Stirly were to import products from Germany and pay up front instead of the 3-month credit line we now have with our supplier here in Greece, it would sorely bite into our profits as we would be much later in collecting our money since few of our customers pay cash. All the stores and companies that we deal with pay off their credit in a 3 to 6-month time period. I don't know what's going to happen and it's most upsetting to see that over 20 years of very hard work could literally fold up over night.
As for the elections, I have no idea. I think they have elections three times and then if no one wants to take on the job of being Prime Minister, someone is appointed by the President of Greece and has to form one. The same thing happened some years ago and we had a couple of wet rags for Prime Ministers. Right wankers they were.
Recluse;1317334 wrote: I'll try and give an equally simplistic answer molly. In many of the eurozone countries, the governments borrowed from eurozone banks, particularly the banks in their own countries. So the Spanish government would have borrowed from the Spanish banks for example. If the Spanish government says it can't pay what it owes back, I'd hazard a guess that the Spanish banks would be in big trouble. And the Spanish people would start withdrawing their deposits from the Spanish banks which would exacerbate the situation. Basically the banks would go tits up. And no one would be prepared to lend to the Spanish government so it would immediately have to start balancing its books. Public sector workers would go unpaid or sacked, and Spanish unemployment, which is already 25% would go even higher. The result would be a depression that would dwarf the great depression.Yep, the same applies to us.
:H I'm really glad you didn't leave and I'm especially glad you decided to change your mind and to talk like you usually do. Prim and proper just don't suit you.:H
Hello Army!!!
Recluse;1317312 wrote: Afternoon
managed to get a few hours of fairly shite sleep and decided it was to get up and see what's been going on in the barracks. Off to read back.Hiya Reccie!! I was gonna ask how you are but then you answered Oney a couple of posts later so I see that you're well inspite of not getting a good night's sleep.
Recluse;1317326 wrote: Wow, business does sound REALLY bad, stirly. Sorry to hear about that. I hope things pick up for you soon.
Seems like there is going to be another election next month. What happens if the result is the same? Do they keep having elections indefinitely?
I honestly don't see how Greece can stay in the eurozone. People like your own family are hurting too much. Greece survived outside the eurozone before and it can do so again. The trouble is that the politicians have invested too much political capital in the euro, so they are trying to frighten people into thinking it would be a disaster if Greece left the euro. If Greece leaves the euro it can have a competitive devalued currency and the tourist industry would flourish.
managed to get a few hours of fairly shite sleep and decided it was to get up and see what's been going on in the barracks. Off to read back.Hiya Reccie!! I was gonna ask how you are but then you answered Oney a couple of posts later so I see that you're well inspite of not getting a good night's sleep.
Recluse;1317326 wrote: Wow, business does sound REALLY bad, stirly. Sorry to hear about that. I hope things pick up for you soon.
Seems like there is going to be another election next month. What happens if the result is the same? Do they keep having elections indefinitely?
I honestly don't see how Greece can stay in the eurozone. People like your own family are hurting too much. Greece survived outside the eurozone before and it can do so again. The trouble is that the politicians have invested too much political capital in the euro, so they are trying to frighten people into thinking it would be a disaster if Greece left the euro. If Greece leaves the euro it can have a competitive devalued currency and the tourist industry would flourish.
Something that has me worried is conversations I've heard on television when they've been discussing what will happen if we go back to the drachma. One of the things mentioned was that we would not be given any credit by other European companies for things such as pharmaceutical products and gasoline. Since we are depending on the loans from the IMF to pay pensions and civil servant wages, how will they be paid? Without a line of credit, companies would have to pay cash for products imported, such as electrical appliances and vehicles and that is simply not viable. For example, if Mr. Stirly were to import products from Germany and pay up front instead of the 3-month credit line we now have with our supplier here in Greece, it would sorely bite into our profits as we would be much later in collecting our money since few of our customers pay cash. All the stores and companies that we deal with pay off their credit in a 3 to 6-month time period. I don't know what's going to happen and it's most upsetting to see that over 20 years of very hard work could literally fold up over night.
As for the elections, I have no idea. I think they have elections three times and then if no one wants to take on the job of being Prime Minister, someone is appointed by the President of Greece and has to form one. The same thing happened some years ago and we had a couple of wet rags for Prime Ministers. Right wankers they were.
Recluse;1317334 wrote: I'll try and give an equally simplistic answer molly. In many of the eurozone countries, the governments borrowed from eurozone banks, particularly the banks in their own countries. So the Spanish government would have borrowed from the Spanish banks for example. If the Spanish government says it can't pay what it owes back, I'd hazard a guess that the Spanish banks would be in big trouble. And the Spanish people would start withdrawing their deposits from the Spanish banks which would exacerbate the situation. Basically the banks would go tits up. And no one would be prepared to lend to the Spanish government so it would immediately have to start balancing its books. Public sector workers would go unpaid or sacked, and Spanish unemployment, which is already 25% would go even higher. The result would be a depression that would dwarf the great depression.Yep, the same applies to us.
one2many;1317339 wrote: All that went over my head Reccie, God I must be think..Merde means shit in French. I thought it was very clever indeed.
Nah, probably just doesn't want to believe that she actually has to take those things. Can she eat things like greens and beans and such? They're full of fibre. Someone mentioned flax seeds the other day. According to Oprah's personal doctor Oz, only the ground ones will benefit. If they're not ground, basically they go out just as they went in, whole. While some good bits might be absorbed through the casing of the seed, the rest goes down the toilet. Literally.
one2many;1317376 wrote: I will send her some of my healthy bread Zenners, since I am making it for all the fucking neighbours whose shite chutes are feckin blocked!
Thanks a million Oney, that worked! WELL MAKE IT YERSELF THEN YA LAZY POX!
littlepinkcat;1317343 wrote: fecking poxy exams,............. rant over, lol, going a bit crazy here, just a little thoughAh Pinky, I feel for you, I really do. I always hated studying...
Hey Tipster!! I hope things are better with Cubette today.
Zenstyle;1317370 wrote: It just dawned on me that this is role reversal with my mother. I think it is revenge. She is doing it on purpose.
tiptronic_ct;1317362 wrote: :hallo:
Zenstyle;1317370 wrote: It just dawned on me that this is role reversal with my mother. I think it is revenge. She is doing it on purpose.
one2many;1317376 wrote: I will send her some of my healthy bread Zenners, since I am making it for all the fucking neighbours whose shite chutes are feckin blocked!
Thanks a million Oney, that worked! WELL MAKE IT YERSELF THEN YA LAZY POX!
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