Greece in DEEP SHIT!

[SQguy]

Greece has a population of 11M. The Greater Los Angeles Area for example has a population of 18M! Their public debt is about $390B- no chump change, They do have the world's 17th largest external debt (includes the private sector), which is pretty hefty for the 75th biggest population.

Euro Zone is in deep trouble with PIGS (Portugal, I, Greece and Span). It will effect the global economy by creating more debt. My view is to Short EURO and go long on Dollar (trade only). Watch out for effects on ASIAN stocks in May.

 

[singveld]

kick the overspending, always protesting sparta out of the goddamn EURO.
also kick turkey out of ever joining eu, because turkey will be another overspending shithole.

 

[lifeafter41]

Greece has a population of 11M. The Greater Los Angeles Area for example has a population of 18M! Their public debt is about $390B- no chump change, They do have the world's 17th largest external debt (includes the private sector), which is pretty hefty for the 75th biggest population.

Euro Zone is in deep trouble with PIGS (Portugal, I, Greece and Span). It will effect the global economy by creating more debt. My view is to Short EURO and go long on Dollar (trade only). Watch out for effects on ASIAN stocks in May.

That is a whopping 35k of debt for every one in Greece population. Looks like a sovereign default is inevitable for Greece unless and the EU and IMF steps in quickly.

 

[Queen Seok Duk]

Will Temasek buy over Greece and install a new government in Greece ? Maybe MM will be there as the new Governor of Greekpore ?

 

[makapaaa]

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

List of countries by public debt

From Wikipedia, the free encyclopedia


Jump to: navigation, search
<!-- start content --><TABLE class="metadata plainlinks ambox ambox-content"><TBODY><TR><TD class=mbox-image>
</TD><TD class=mbox-text>This article's factual accuracy may be compromised because of out-of-date information. Please help improve the article by updating it. There may be additional information on the talk page.</TD></TR></TBODY></TABLE>See also: List of countries by external debt

Map of countries by public debt from CIA 2007 estimates


This is a list of countries by public debt as percentage of annual gross domestic product, based on The CIA World Factbook, OECD Economic Outlook and IMF estimates. Figures are gross debt, not net debt - assets are not included.
<TABLE id=sortable_table_id_0 class="wikitable sortable" border=1 cellSpacing=0 cellPadding=1 align=center><TBODY><TR><TH style="BACKGROUND: #efefef">Economy</TH><TH style="BACKGROUND: #efbcbc">CIA 2008<SUP id=cite_ref-0 class=reference>[1]</SUP></TH><TH style="BACKGROUND: #bcefbc">OECD 2008<SUP id=cite_ref-1 class=reference>[2]</SUP></TH><TH style="BACKGROUND: #bcbcef">IMF 2008<SUP id=cite_ref-2 class=reference>[3]</SUP></TH><TH style="BACKGROUND: #efbcbc">CIA 2009<SUP id=cite_ref-3 class=reference>[4]</SUP></TH></TR><TR><TD>

Zimbabwe</TD><TD>241.20</TD><TD></TD><TD></TD><TD>304.30</TD><TD></TD></TR><TR><TD>

Japan</TD><TD>170.40</TD><TD>172.1</TD><TD>198.6</TD><TD>192.10</TD><TD></TD></TR><TR><TD>

Saint Kitts and Nevis</TD><TD></TD><TD></TD><TD></TD><TD>185.00</TD><TD></TD></TR><TR><TD>

Lebanon</TD><TD>163.50</TD><TD></TD><TD></TD><TD>156.00</TD><TD></TD></TR><TR><TD>

Jamaica</TD><TD>124.10</TD><TD></TD><TD></TD><TD>131.70</TD><TD></TD></TR><TR><TD>

Singapore</TD><TD>113.70</TD><TD></TD><TD></TD><TD>117.60</TD></TR></TBODY></TABLE>

 

[Jah_rastafar_I]

wow i didn't know jamaica had such a high debt.

 

[Romagnum]

Greek just want to gather and philosophise

Luckily they have German to bail them out

 

[senatorabudelai]

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

List of countries by public debt

From Wikipedia, the free encyclopedia


Jump to: navigation, search
<!-- start content --><TABLE class="metadata plainlinks ambox ambox-content"><TBODY><TR><TD class=mbox-image>
</TD><TD class=mbox-text>This article's factual accuracy may be compromised because of out-of-date information. Please help improve the article by updating it. There may be additional information on the talk page.</TD></TR></TBODY></TABLE>See also: List of countries by external debt

Map of countries by public debt from CIA 2007 estimates


This is a list of countries by public debt as percentage of annual gross domestic product, based on The CIA World Factbook, OECD Economic Outlook and IMF estimates. Figures are gross debt, not net debt - assets are not included.
<TABLE id=sortable_table_id_0 class="wikitable sortable" border=1 cellSpacing=0 cellPadding=1 align=center><TBODY><TR><TH style="BACKGROUND: #efefef">Economy</TH><TH style="BACKGROUND: #efbcbc">CIA 2008<SUP id=cite_ref-0 class=reference>[1]</SUP></TH><TH style="BACKGROUND: #bcefbc">OECD 2008<SUP id=cite_ref-1 class=reference>[2]</SUP></TH><TH style="BACKGROUND: #bcbcef">IMF 2008<SUP id=cite_ref-2 class=reference>[3]</SUP></TH><TH style="BACKGROUND: #efbcbc">CIA 2009<SUP id=cite_ref-3 class=reference>[4]</SUP></TH></TR><TR><TD>

Zimbabwe</TD><TD>241.20</TD><TD></TD><TD></TD><TD>304.30</TD><TD></TD></TR><TR><TD>

Japan</TD><TD>170.40</TD><TD>172.1</TD><TD>198.6</TD><TD>192.10</TD><TD></TD></TR><TR><TD>

Saint Kitts and Nevis</TD><TD></TD><TD></TD><TD></TD><TD>185.00</TD><TD></TD></TR><TR><TD>

Lebanon</TD><TD>163.50</TD><TD></TD><TD></TD><TD>156.00</TD><TD></TD></TR><TR><TD>

Jamaica</TD><TD>124.10</TD><TD></TD><TD></TD><TD>131.70</TD><TD></TD></TR><TR><TD>

Singapore</TD><TD>113.70</TD><TD></TD><TD></TD><TD>117.60</TD></TR></TBODY></TABLE>

this public debt measurement is very misleading. singapore has a high debt because of the CPF government owes to the citizen (35% of everyone's total salary for life). in reality it is not a debt since the money is in the government's bank but they calculate it as debt.

if singapore's debt is 113% of gdp (including all the cpf money that needs to be paid to citizens), that means it is around 150 billion.

singapore has around 260 billion in CASH right now. not including temasek and all the non cash assets which total TRILLIONS of dollars.

if we draw out all our reserves today, everyone in singapore can stop working for 3 decades while receiving still 5k sgd a month. that is how much money singapore has!

That is a whopping 35k of debt for every one in Greece population. Looks like a sovereign default is inevitable for Greece unless and the EU and IMF steps in quickly.

greece CANNOT default because it is an EUROZONE. If greece defaults, that means EURO defaults, that means EUROPE defaults. that simply cannot happen.

anyway, this will be the century where europe falls. their eligatarian socialist approach is crap. their approach is not to do work but live off the state. if no one wants to work and everyone claims benefits, how can you generate wealth? all their governments are borrowing like crazy.

you will see european countries failing in the next few decades as asia takes over them as the richest region of the world.

european countries that went bankrupt in just the past 5 years alone! -> greece, hungary, romania, latvia, belarus, serbia, moldova!

shit, these european countries sure know how to declare bankruptcy!

 

[SQguy]

And NOW COMES SPAIN!

 

[shelltox]

no democratic countries in the west shall be free from the ill of a democratically elected govt. The electorates demand free medicals, free unemployment benefits, free school fees etc etc free , Now they all have to pay the piper. Even the great USA. there's no free lunch

 

[BlueCat]

what about Iceland ?
all those EU countries,they are being bring down by their welfare benefits.

 

[Jabba]

Temasek should buy Greece

 

[tonychat]

this public debt measurement is very misleading. singapore has a high debt because of the CPF government owes to the citizen (35% of everyone's total salary for life). in reality it is not a debt since the money is in the government's bank but they calculate it as debt.

if singapore's debt is 113% of gdp (including all the cpf money that needs to be paid to citizens), that means it is around 150 billion.

singapore has around 260 billion in CASH right now. not including temasek and all the non cash assets which total TRILLIONS of dollars.

if we draw out all our reserves today, everyone in singapore can stop working for 3 decades while receiving still 5k sgd a month. that is how much money singapore has!

How do you know? you are those PAP sinkie losers!!!!

 

[KuanTi01]

Question on every Euro watcher's lips is "Who's next?"

 

[saratogas]

Where are the Greek Gods when they needed them?

 

[senatorabudelai]

How do you know? you are those PAP sinkie losers!!!!

it is a well known fact that every govt declares the amount of foreign reserves they have. just google for "singapore foreign exchange reserves".

no democratic countries in the west shall be free from the ill of a democratically elected govt. The electorates demand free medicals, free unemployment benefits, free school fees etc etc free , Now they all have to pay the piper. Even the great USA. there's no free lunch

the USA is different. their society values hard work and they will prosper. but in some countries, they do nothing all their lives except claim benefits from the state.

 

[senatorabudelai]

Temasek should buy Greece

i agree. we should colonise them. more land for us.