Aberlour10 Posted March 14, 2010 Report Share Posted March 14, 2010 Sounds like good news. I'm glad to hear it. Sure but its only the first success on the long and hard way out of this crisis.EU expects consideration for their support....massiv cuts in all greek budgets, knowing Greece it can easily lead to serious social upheavals, street fighting, totally politcial destabilsation... I hope it wont happen. Quote Link to comment Share on other sites More sharing options...
phil_20686 Posted March 15, 2010 Report Share Posted March 15, 2010 Sounds like good news. I'm glad to hear it. Sure but its only the first success on the long and hard way out of this crisis.EU expects consideration for their support....massiv cuts in all greek budgets, knowing Greece it can easily lead to serious social upheavals, street fighting, totally politcial destabilsation... I hope it wont happen. Greece will never seriously start to tackle its deficit problems until it gets serious about tax evasion. The vast majority of greeks to not pay the full taxes that they owe. The keep revenue streams off the books, and pay a lot in cash. Estimating these things is fraught with diffculty, tut the times suggested that the greek goverment was losing betweeny a quarter and a third of its tax revenue. Quote Link to comment Share on other sites More sharing options...
Aberlour10 Posted March 22, 2010 Report Share Posted March 22, 2010 I wonder a bit about the rare situation in there % of the private issued bonds is lower than % of the comparable goverment bonds. But ,it is the case in the USA at the moment, if we compare loans emitted by Berkshire, Protector & Gamble or Johnson & Johnson with US Treasury Bonds. The "risk add-on" is normally reversed or? Quote Link to comment Share on other sites More sharing options...
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