The Greek Debt Crisis Explained in Four Minutes
Filed Under (Loans) by admin on 06-09-2010
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In which Evangelist explains the Hellenic debt crisis, which has pushed the Hellenic polity near to defaulting on its loans, the reasons ground the Euro regularize and the IMF are desperately disagreeable to recognizance Ellas out, and what the ascension outlay of ruler debt effectuation for the large budget deficits throughout the matured world. Thanks to Karenic Kavett at www.youtube.com for the illustration. Debt Chart: en.wikipedia.org
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@thfree20 den katalavainw se ti anaferesai meta toso kairo kai variemai na psaxnw 1500 mhnymata
State debt of Greece is 316.854 billion euros at the end of the first quarter of 2010, which increased to 18.43 billion euros compared with the end of 2009 according to the Greek Ministry of Finance
@1980troll monaxopaidi e??? 20 diamerismata? mmmmm… kai theleis kapoia na mazeyei ta noikia sou giati den prolavaineis epeidi tha douleueis eipes?? entaksi loipon, se pantreuomai! (plirofories entos.)
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I’m proud to be greek!!!!haha lol
@rw5791 hahahah right…right…
Let the government pay the debt, I’ll go to the beach.
Well were spending a Billion dolors a day overseas fighting a pointless war that cannot be won. As for “defense” we own 46.5% of the worlds military. More people die from peanut allergies than attacks on the US and, i don’t see a war on peanuts. The next nation that even comes close is China with 6.6%!! How do people not see a problem with this?? If the US alone could declare war on the world and have a good chance of winning.
Ugh. Economic terms! I hate economic jargon! So much! X-(
the biggest problem in Hellas is this: all people want to work in the public sector. why? because noone works there. As for the rest. Everyone works a lot if u ask me. public workers fucked up everything. 8 people to do the job of one person. Why????? and we the rest are paying them. it’s time we all wake up. As for the politicians…… more corrupted than ever before. Simple people will find their own way. Stop voting all those basturds……
Economic slavery
Does Greece want Turkey to bail them out? hahaha
Im tired hearing insults against my parents who work all day, against my teachers who try to teach my sth valuable in life, against my friends who work so hard to get into uni to endup unemployed And im tired with myself all these years of studying at school just to be pointed out some years later that I jerk off under the sun and eat tzatzikiAnd i regret studying english since my 6, and german since my 10Just all of you shut up (greeks included) and dont rush characterising whole nations
I m 16 years old and im so tired of this shit! To live in a country being the guinea pig of whole Europe. Yea, lets not fool ourselves,thera are people who sit all day doing nothing at work. But im tired hearing from other nations that we are a bunch of lazy asses who sit all day under the sun drinking uzo.
Well, there will be a time when shit will hit the fun and people will simply say ‘fuck you’ to the guys with the money, get in their homes, rape their wives, and murder their families, then torture them and follow suit. But by then, the world will be a simple, fucked up warzone where the fittest will survive. And that’s because none is acting.
@alexgriek2008 Re blaka, kolozow tou kerata, 8etika milane oloi gia tin elada, ti ka8ese kai brizeis? Giafto mas exoun olous tou poutsou pi8iki.
Hey Jack Ass…get this through your stupid F-ing head…we can eliminate Social Security and Medicare, both are un Constitutional. Utopianism has been discredited, you can not get something for FREE. You can not consome more than you produce. If you want something, produce something of VALUE and you will be able to live. If not you make other people pay your way.
@JesusDillinger Or just don’t buy it and save a lot of ropes.
How can a country need debt when it can produce evreything what basicli need to themself.Like mine country or Greece or …
Good luck Greece
@BlackLabelEric, I admire your optimism! Or I’m dismayed by it… hard to say which.
Learn the skills of our forebares, like which wild pants are edible and how to trap animals, because if you don’t you may not survive the collapse of the US. Our nation will be darned lucky if we experience merely a Soviet-style breakup. Probably it will be much messier than that.
What is certain beyond any informed questioning is that we will NOT pay our debts. We can’t. That was never the lenders’ plan.
@JesusDillinger
Better idea: get out of economic recession first, then raise taxes and pay it back.