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Thread: Greece: is it finally the meltdown phase?

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    Politics.ie Member Shqiptar's Avatar
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    Default Greece: is it finally the meltdown phase?

    Greece - remember it? How much more can the beleagured population take? Unemployment has hit yet another record of 27%. Youth unemployment is at 62%. By the end of the year, it's predicted that one third of the population will be susbsisting (if even that) below the poverty level of 7,200 euro per year. That's more than 10% poorer than Albania and below the likes of El Salvador and Algeria.

    The electricity network is near breaking point. Electricity theft has always been a background problem but it was mainly in the poorest areas and amongst illegal immigrants. But now, even in the richest areas, people are stealing power.

    Tax intake is also declining. VAT is down particularly sharply despite a hike in the rate to 23%. People are just buying far less.

    Sources:
    1. Greek unemployment hits record high - RTÉ News
    2. Greece Slows Tax Refunds, Investments | Greece.GreekReporter.com Latest News from Greece
    3. Greece is facing a humanitarian crisis | Alex Politaki | Comment is free | guardian.co.uk
    Eagla agus eaglais: an bhfuil an fhréamh teangeolaíochta céanna acu?

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    Politics.ie Member Crazy horse 6's Avatar
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    Europe 2013. Going nowhere fast.

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    Politics.ie Member macs magic's Avatar
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    As long as the paymasters are happy the people of Europe can fleck off

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    Politics.ie Member Clanrickard's Avatar
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    Quote Originally Posted by Shqiptar View Post
    Greece - remember it? How much more can the beleagured population take? Unemployment has hit yet another record of 27%. Youth unemployment is at 62%. By the end of the year, it's predicted that one third of the population will be susbsisting (if even that) below the poverty level of 7,200 euro per year. That's more than 10% poorer than Albania and below the likes of El Salvador and Algeria.

    The electricity network is near breaking point. Electricity theft has always been a background problem but it was mainly in the poorest areas and amongst illegal immigrants. But now, even in the richest areas, people are stealing power.

    Tax intake is also declining. VAT is down particularly sharply despite a hike in the rate to 23%. People are just buying far less.

    Sources:
    1. Greek unemployment hits record high - RTÉ News
    2. Greece Slows Tax Refunds, Investments | Greece.GreekReporter.com Latest News from Greece
    3. Greece is facing a humanitarian crisis | Alex Politaki | Comment is free | guardian.co.uk
    Yet New Democracy has overtaken Syriza in the polls and confidence amongst business people has increased according to an Economist article. I think there has been a slow worsening but the reality is there is no credible alternative to belt tightening.

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    Politics.ie Member Crazy horse 6's Avatar
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    Read somewhere the other day that Europe now has a higher unemployment level than Brazil. Lisbon, yes for jobs.

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    Quote Originally Posted by Crazy horse 6 View Post
    Europe 2013. Going nowhere fast.
    70 years without a major war in Europe, we're long overdue for one, should help tackle youth unemployment at the same time. petunia

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    An entire nation of recruits for Ron and Ribser,

    If it takes starvation to wake the sheep, so be it,

    The idiot politicians are worried about being re-elected

    The fools don't even realise that they're going to be shot, if they're lucky,

    The unfourtunate ones will face far worse fates,

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    Politics.ie Member Crazy horse 6's Avatar
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    Quote Originally Posted by Clanrickard View Post
    Yet New Democracy has overtaken Syriza in the polls and confidence amongst business people has increased according to an Economist article. I think there has been a slow worsening but the reality is there is no credible alternative to belt tightening.
    Lol "slow worsening". With spin like that FG should be all over you for a PR role.

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    Until they leave the euro, they are going nowhere.

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    I'm assuming quite a few here are party hacks employed to patrol these type of sites and put a spin on everything. Tens of thousands of posts in the space of a year is kinda a giveaway....

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