As Greece goes, so shall Puerto Rico?

Stick to truckstops, idiot. You're out of your element. If you want to make a case for Russia helping them out, make it. The problem is you don't have the fucking brain power to move past glory holes and cocksucking. Originally Posted by WombRaider

You are the one always looking for "fudge covered jalapenos" to suck on woomby ! All of those head shots you've taken from bouncing off of the glory holes in all of those truckstops and at Taleywackers REALLY ARE affecting your memory. So you don't like the Russian's after they conned you into their little "play acting" game now, huh ? ! You liked it well enough at the time ! Raved about how you that it would lead to you getting parts in the " theater " and film roles !
Bet you didn't expect the film roles to be gay porn specializing in being a bukkake " receiver ", now did you ? !!

You're a fucking idiot.

You're a fucking idiot. Originally Posted by WombRaider

Go ahead and run crying to a mod now woomby ! And then go get Momma / sister to change your Depends !

Go ahead and run crying to a mod now woomby ! And then go get Momma / sister to change your Depends ! Originally Posted by Rey Lengua

LL has excellent orderlies for when you shit the bed. They are the absolute best. Black as night, but I'm sure you're ok with that, right?

LL has excellent orderlies for when you shit the bed. They are the absolute best. Black as night, but I'm sure you're ok with that, right? Originally Posted by WombRaider

You're the one with the brown sheets woomby. And since you're the one shitting yourself over the least little thing, it's no matter to me what color the attendants are that wrestle you to the ground, change your Depends and put you back in your "I love me" suit !!!

What are you hiding, potty mouth?

What are you hiding, potty mouth? Originally Posted by Yssup Rider

His dick, in every ass he can find.

The fact that everyone except Greece has apparently forgotten is this debt began its life as private debt. You keep on about the IMF report. The report told the market that the debt would not be paid back. It said the debt was unsustainable. In their infinite stupidity, the IMF allows the debt to be transferred to the EU. Greece paid its private debts and now the EU taxpayer is left holding the bag. Debt is a risk. It's not a guarantee of being repaid. That's why interest is involved. Germany made a very bad bet and they lost. Originally Posted by WombRaider

Please shut up. You're not an expert on anything, least of all international finance. "Debt is a risk." Duh! "That's why interest is involved." Brilliant! Now tell us how bonds are priced. You know, something about yields moving inversely? What's the difference between debt and equity? What determines a firm's optimal capital structure? How do you quantify risk? What is the price of Greek sovereign debt right now? What's the cost of a Greek credit default swap? What would happen if the Greek economy started improving again? Would "unsustainable" debt look manageable? What would that do to the price of Greek debt and the cost of a CDS?

Since when does the IMF have the authority to allow or block purchases (you stupidly call them "transfers") of debt by EU institutions? You say "Greece paid its private debts". Really? Which ones? When? If that's true, why did the overall debt keep going up - despite generous debt relief in Greece's 2012 debt rescheduling accords? You say "Germany made a very bad bet". Last time I looked, France and other EU lenders had 4X more exposure to Greek debt than Germany. Who made the bet again? Just about everything you say is wrong. The only thing you got right is saying Russia won't save Greece. And you picked that up from me.

So STFU. Nobody listens to sewer rats or trolls anyway.

.

Please shut up. You're not an expert on anything, least of all international finance. "Debt is a risk." Duh! "That's why interest is involved." Brilliant! Now tell us how bonds are priced. You know, something about yields moving inversely? What's the difference between debt and equity? What determines a firm's optimal capital structure? How do you quantify risk? What is the price of Greek sovereign debt right now? What's the cost of a Greek credit default swap? What would happen if the Greek economy started improving again? Would "unsustainable" debt look manageable? What would that do to the price of Greek debt and the cost of a CDS?

Since when does the IMF have the authority to allow or block purchases (you stupidly call them "transfers") of debt by EU institutions? You say "Greece paid its private debts". Really? Which ones? When? If that's true, why did the overall debt keep going up - despite generous debt relief in Greece's 2012 debt rescheduling accords? You say "Germany made a very bad bet". Last time I looked, France and other EU lenders had 4X more exposure to Greek debt than Germany. Who made the bet again? Just about everything you say is wrong. The only thing you got right is saying Russia won't save Greece. And you picked that up from me.

So STFU. Nobody listens to sewer rats or trolls anyway.

. Originally Posted by lustylad

Firstly, it was your precious IMF report that said their debt load was not sustainable. Why did the overall debt keep going up? Because the ECB kept lending them money, you fucking retard. They made a loan payment as late as April of this year.

As for your contention of who loaned the money, you're wrong, as usual. This information is accurate as of June 30 of this year; Germany - 56 Billion Euros, France - 42 Billion Euros, Italy - 37 Billion Euros, etc. So anyone can see you're incorrect in your contention.

All you did in your first paragraph is throw around a bunch of terms that you think make you sound intelligent, but in truth only make you look like a fool and have absolutely nothing to do with what we were discussing. This is your modus operandi; you never stay on track. You get your ass handed to you so you switch the conversation around to something else. As for Russia not helping Greece, that was ALL you said. I explained WHY they wouldn't help, you fucking idiot. Keep on puffing up your feathers, maybe someone is impressed. I, for one, am not.

I heard one expert on Bloomberg say the EU was really worried that Greece would do just fine if kicked out of the EU...thus maybe opening the gates for others to leave.

Oh and lustyladyboy is getting his gay ass handed to him....yet again.

Ok children let's calm down. Greece's real problem is that they do not seem willing to address what got them here in the first place. Vast tax avoidance by the entire population. 45% of all taxes go uncollected. Gaming the welfare system. I was reading yesterday that in one area of Greece 80% of the population claimed disability from blindness. Really? Plus excessive wages for government jobs. When the payroll fit the train system is $400 million with revenues of only $100 million you are never going to catch up. Honestly I would never give then another dime until these issues are addressed.

Ok children let's calm down. Greece's real problem is that they do not seem willing to address what got them here in the first place. Vast tax avoidance by the entire population. 45% of all taxes go uncollected. Gaming the welfare system. I was reading yesterday that in one area of Greece 80% of the population claimed disability from blindness. Really? Plus excessive wages for government jobs. When the payroll fit the train system is $400 million with revenues of only $100 million you are never going to catch up. Honestly I would never give then another dime until these issues are addressed. Originally Posted by BigLouie

There are obviously problems that must be addressed. If left as is, they will simply be back here again. The central banks won't loan them any more without serious stipulations in place. Private lenders in the other hand, might take the risk. It's up to Greece. They will have the means to get out of it at their disposal. It's just a question of whether they can accept the unavoidable austerity measures that will come with it. The crazy thing is, if they would have implemented the measures called for back in 2010-11, they would be well on the way to at least seeing daylight, but they didn't do it.

As far back as 2002 Greece "cooked the books" so no one knew how bad it was until 2010 when they finally admitted the real numbers. All they did with they money that was given to them was pay off old debt and ended up with even more debit. I fully expect the banks to fail by this Friday

. The crazy thing is, if they would have implemented the measures called for back in 2010-11, they would be well on the way to at least seeing daylight, but they didn't do it. Originally Posted by WombRaider

That is not entirely true...How does one expect to pay off their debt when their GDP is shrinking?




Though Greece (GREK) exited the recession last year after a modest growth in GDP by percentage, the GDP is about 25% lower than what it was at the start of the 2008 US financial crisis (XLF). The average rate of growth in GDP since 2010 has been -6%. This is much lower than average growth rates of other troubled nations from Europe (EZU) commonly known as PIIGS – Portugal at -1% (PGAL), Italy at -0.5% (EWI), Ireland at 0.6%, and Spain at -1% (EWP).



....Another fear could be a shift in geopolitical alliances. Greece could seek help from Russia or China (FXI), and it has already hinted that it might. With the Ukraine-Russia conflict still simmering, it could mean escalated tensions. Greece might even decide to exit the NATO (or North Atlantic Treaty Organization) in event of an exit from the Eurozone, another cause for concern.

I go back to my post about dealing with the Russians to solve Debt is like going down to the Docks to get a loan from Big Rocco.

Doesn't Greece realize that Russia, just like Big Rocco, always carries a baseball bat on the floorboard to facilitate in collections.