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I would suggest to auction the assets on eBay... start with .99 cents - no reserve
Highest bidder = Krudd07
Guess he wants somewhere with plenty of ports to send the boat people to.
I would suggest to auction the assets on eBay... start with .99 cents - no reserve
And to retire to once he has retired from the position he currently seeks at the United Nations.Highest bidder = Krudd07
Guess he wants somewhere with plenty of ports to send the boat people to.
And to retire to once he has retired from the position he currently seeks at the United Nations.
Better still, perhaps all Australians could contribute for a bid at the auction for Santorini in order to send Mr Rudd off there for an early retirement. He could still have his Parliamentary Pension from Australia: it would be a small price to pay for his departure. Therese could keep working for a while to bolster the family income.
Actually it was me that put in the highest bid for Santorini. I'm thinking KRuddy can have Malia in Crete - voted the worst place in greece even by locals. I think he would fit right in by all accounts.
Santorini is waaaayyy too nice for the likes of him although he waould also fit in at the acropolis as it has, apparently, the highest density of rats in the nation.
And to retire to once he has retired from the position he currently seeks at the United Nations.
Better still, perhaps all Australians could contribute for a bid at the auction for Santorini in order to send Mr Rudd off there for an early retirement. He could still have his Parliamentary Pension from Australia: it would be a small price to pay for his departure. Therese could keep working for a while to bolster the family income.
WTF? Do we redefine words to suit preconceptions now?
March 11 (Bloomberg) ”” Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, said deteriorating public finances around the world may affect the global economy more than is currently realized.
“The importance of the shock to public finances in advanced economies is not yet sufficiently appreciated and understood,” El-Erian, co-chief investment officer at Pacific Investment Management Co., wrote in an article on the Financial Times Web site. The potential damage from increased government borrowings is “at present being viewed primarily ”” and excessively ”” through the narrow prism of Greece,” he wrote.
Governments may have to raise taxes and slash spending to cope with swelling deficits after nations including the U.S. borrowed unprecedented amounts to stave off the global financial crisis, said El-Erian, 51, who shares his job title with Bill Gross. A failure to carry out fiscal measures in time would raise the possibility of governments seeking to eliminate excessive debt through inflation or default, he said.
WTF?? Which word are you referring to? What pre-conceptions are you referring to?
It will default in that it will find it hard to service it's debts due to, um, it's high debts......faced with increasing taxes and cutting back services (a familiar theme globally now) the 'new normal' is austerity......esp when they don't actually produce much these days. The devaluing currency, pound, tells the sad story.
Your redefinition of "default" and your bearish preconceptions/bias.
Numbers are all well and good, but what does it mean? All you've shown is that UK debt levels are actually less than Greece, who, by the way, haven't defaulted and based on CDS spreads seem unlikely to default.Economists warn Britain is on course to borrow the equivalent of 12.8 percent of gross domestic product in 2009/10 ”” exceeding the 12.7 percent forecast in crisis-hit Greece and far above the average 6 percent for Europe.
Britan's debt to GDP ratio is forecast to reach 82 percent this year, almost double the level two years ago ”” albeit well shy of the 123 percent in Greece.
There are jitters about the impact Greece's debt has on the markets. Portugal, Spain, Italy & Portugal don't look much healthier.
Is Greece heading into the abyss or is it saveable?
Huh? Who doesn't pay income tax? Greece?They are corrupt and they dont pay income tax etc...its disgusting!
N.T
The situation in Greece is pretty well documented -Huh? Who doesn't pay income tax? Greece?
You need to provide a link to an allegation like that, including that 'they are corrupt'.
http://online.wsj.com/article/SB10001424052748704182004575055473233674214.htmlThe Greek shadow economy, which is made up of unreported income, was 25.1% of gross domestic product in 2007, according to Friedrich Schneider, a professor at Johannes Kepler University in Linz, Austria.
Most likely not entirely true, but the point is fair.On the official statistics alone, we are comfortably in the world's top 40 for per capita GDP. But that's peanuts. Lest we forget, that's our declared income. Don't quote me on this apocryphal statistic, but I'm reliably informed that exactly six Greeks declared more than a million EUR in income last time anybody counted. And exactly 85 declared more than half a million. So we're probably a bit better than top 40. Either that, or this trading floor alone has more rich people than Greece. Hell, our new recruits for this season alone could probably do it.
Huh? Who doesn't pay income tax? Greece?
You need to provide a link to an allegation like that, including that 'they are corrupt'.
Meantime, here is a guide to taxation in Greece:
http://www.capitaltaxconsulting.com/international-tax/greece/greek-income-tax/
Greece is in deep trouble. Best solution is leaving the Eurozone, reintroduce the drachma, default on the debt (the real meaning of the word default - to refuse to pay it) and start over. Argentina is a success story (for those who know of such things). Such things are my dream. But the real story will be an EU muddle-though.
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