If Greece defaults

[manselr]

Greece will not default because the chance is very high that it becomes a failed state. And no one in the European Union and Eurozone is interested to have such a country in its union. Further, if Greece defaults it is becoming a backdoor for countries like Russia or China. So, keep cool, Greece will get all the money that wants 

Im not so sure anymore, i've seen weirder things happening. They may end up leaving the euro and going back to drachma, even after getting the money, just as revenge.

[qiwoman2]

Sorry but the rich should get taxed lol..they need to give something back to society not always take take take lol.. I do think though that Greece should have grexited right after Syriza won the elections and not pay the IMF squat any more, soon the U.K will Brexit and France on the way too and Spain looks like it's gonna vote in another lefiist Government..The Troika gonna have a lot of fun now WOW.hahaha 

[cellard]

Sorry but the rich should get taxed lol..they need to give something back to society not always take take take lol.. I do think though that Greece should have grexited right after Syriza won the elections and not pay the IMF squat any more, soon the U.K will Brexit and France on the way too and Spain looks like it's gonna vote in another lefiist Government..The Troika gonna have a lot of fun now WOW.hahaha 

Yeah I dot speak spanish but been following the elections this weekend and from I gathered, it seems that rightwing parties have lost like 50% of their votes and new leftist forces are coming up. It's a side effect of being buttfucked by shitty wages for a long time.

The thing is, with automation happening yearly we are all headed towards socialist policies being inevitable, like universal welfare. Socialism won at this level at the end, as we are seeing history unfold. Have fun keeping a society out of rioting on a daily unless you give them basic welfare once the robots kick them out of all their jobs.

[spazzdla]

Sorry but the rich should get taxed lol..they need to give something back to society not always take take take lol.. I do think though that Greece should have grexited right after Syriza won the elections and not pay the IMF squat any more, soon the U.K will Brexit and France on the way too and Spain looks like it's gonna vote in another lefiist Government..The Troika gonna have a lot of fun now WOW.hahaha 

.... Many of them have created tons of jobs.. The gov has tricked you into thinking that some how taxing them will make your country rich.. it won't.

When your country spends 100 billion a year and is takingon debt to continue that spending.  Taking an extra 100 million from the people that built your ecom is dumb.

A) it won't do anything to help the govs insane spending
B) They'll leave hurting your ecom even more.

The idea that taxing the rich super heavily is going to help the ecom is hilarious.

[Febo]

Sorry but the rich should get taxed lol..they need to give something back to society not always take take take lol.. I do think though that Greece should have grexited right after Syriza won the elections and not pay the IMF squat any more, soon the U.K will Brexit and France on the way too and Spain looks like it's gonna vote in another lefiist Government..The Troika gonna have a lot of fun now WOW.hahaha 

.... Many of them have created tons of jobs.. The gov has tricked you into thinking that some how taxing them will make your country rich.. it won't.

When your country spends 100 billion a year and is takingon debt to continue that spending.  Taking an extra 100 million from the people that built your ecom is dumb.

A) it won't do anything to help the govs insane spending
B) They'll leave hurting your ecom even more.

The idea that taxing the rich super heavily is going to help the ecom is hilarious.

Thing is you need to get taxes from somewhere. So or tax capital or tax work. Both are bad. But you need to do something or just decrease spending. What was and is trying to do in most cases in Europe. Of course many countries failed so governments will get reelected.

Generally. Greece is not that much in debts. But yes, if they would not do anything 5 years ago, they would be in deep shit now.

[Get-Paid.com]

Generally. Greece is not that much in debts. But yes, if they would not do anything 5 years ago, they would be in deep shit now.

They are probably in lots of troubles now.
What they should have done 5 years ago was to exit the Euro - the longer they made it linger the more troubles they brought upon themselves.

[Erdogan]

It is not completely clear what "exiting the euro" means. It does not mean that the people that happen to live within the borders of Greece will stop using euro automatically. It is more like that greece will have to leave the institutions that define the euro, the ecb and the eurogroup (and probably countless others), and the ecb's responsibilities towards the greek banks will end. What the people do is not dependent on that, and the state can if they want continue to use euro as a unit of account. The banks will immediately go bancrupt, as the only thing holding them up now is the ecb with its emergency liquidity assistance. (Which at this point should be renamed to "eternal insolvency denial assistance").

[Net5kY]

Sorry but the rich should get taxed lol..they need to give something back to society not always take take take lol.. I do think though that Greece should have grexited right after Syriza won the elections and not pay the IMF squat any more, soon the U.K will Brexit and France on the way too and Spain looks like it's gonna vote in another lefiist Government..The Troika gonna have a lot of fun now WOW.hahaha 

lol, if someone worked really hard to get rich he need to give it back? What he "took" from you?

[Neg]

Sorry but the rich should get taxed lol..they need to give something back to society not always take take take lol.. I do think though that Greece should have grexited right after Syriza won the elections and not pay the IMF squat any more, soon the U.K will Brexit and France on the way too and Spain looks like it's gonna vote in another lefiist Government..The Troika gonna have a lot of fun now WOW.hahaha 

I hate this kind of thinking because it's always those with no money that claim how the rich should be taxed more. They shouldn't. The vast majority of the time they worked hard for that money and shouldn't be raped by the government to pay for plebs who all they do is take take take. Would you be saying 'hey, tax me more' if you were rich? No.

[dinofelis]

Thing is you need to get taxes from somewhere. So or tax capital or tax work. Both are bad. But you need to do something or just decrease spending. What was and is trying to do in most cases in Europe. Of course many countries failed so governments will get reelected.

In fact, that is an aristocratic point of view.  But there are other ways to finance public spending, than to take from the productive.

In fact, I can think of two simple ways which would allow for taxing, without being compulsory.

The first idea is that land and natural resources are, and remain, always property of everybody, and that nobody can own land or own natural resources.  The way to obtain them for private use, would be to rent them (to the highest bidder, over long periods - 100 years or so -  if you want to put some real estate on it for instance), and to give concessions to natural resources to the highest bidder.  The income from the rent on land, and the concessions for natural resources, could finance the state, without having to tax anything in a compulsory way.

Another way would be to require people to indicate those possessions for which they want to have state protection of ownership, and tax those items along an indicated scale.  So you're not obliged to indicate a possession, it would not be fraud, but it would imply that no state service is going to protect your property rights on it, no police, no judge.  If you don't want to indicate that you possess a house, then no problem, this is no fraud, but the day that you have a burglar in your house, police won't do anything.  If you want to sell your house, no legal way to prove that you own that house will be available.

The same way for financial and other valuable assets.  No way to coerce the counterparty in executing a contract you didn't declare.  But no fraud either.

[tyz]

Actually, i'am against high(er) income tax. in contrary, i' am agree with libertarians which say income should be completely tax free. But in my opinion, there should be a higher tax for gains on stocks larger than, let's say, 1 mln. The most rich people had worked hard to get rich but then they get richer just for letting there money work.

Sorry but the rich should get taxed lol..they need to give something back to society not always take take take lol.. I do think though that Greece should have grexited right after Syriza won the elections and not pay the IMF squat any more, soon the U.K will Brexit and France on the way too and Spain looks like it's gonna vote in another lefiist Government..The Troika gonna have a lot of fun now WOW.hahaha 

lol, if someone worked really hard to get rich he need to give it back? What he "took" from you?

[bryant.coleman]

Actually, i'am against high(er) income tax. in contrary, i' am agree with libertarians which say income should be completely tax free. But in my opinion, there should be a higher tax for gains on stocks larger than, let's say, 1 mln. The most rich people had worked hard to get rich but then they get richer just for letting there money work.

I don't agree with any of this. Why should there be higher tax for investing money in to the stock markets? The money, which is being invested has been already taxed once. You can't tax it again and again. And in almost all the countries, there are taxes on gains from stocks. If you increase the tax, then the rich will not invest in anything. They will just keep their wealth as hard cash.

[Pab]

Greece will not turn to bitcoin,already bilions of euro has been transfered out of country

Will thay back to drahma,maybe,in that case thay will have heavy two ,three years,than his economy will stabilise and even recover.What in fact banks in the name of EU wants,thay want to exchange part of that flood of virtual money  in greece assets,assets of the best greece companys

What Portugal did,Thay rejected any EU financial help.Now wealthy investors and people frow western europe,China and Angola are coming and buying his real estates and investing in economy,why,becouse there is no ebc and banks hands there.The best for Greece is bankruptcy,but that is huge roblem for germans  banks

If you take one stone away,all pyramid will fail

Pigs countries didnt have even a penny of debt at the end of 2007,now it is only more debts higher taxes,no job etc

[Neg]

Actually, i'am against high(er) income tax. in contrary, i' am agree with libertarians which say income should be completely tax free. But in my opinion, there should be a higher tax for gains on stocks larger than, let's say, 1 mln. The most rich people had worked hard to get rich but then they get richer just for letting there money work.

Some countries or states don't have any income tax at all and rely on sales taxes. I think this is a much fairer system and doesn't penalise anyone who has worked hard for their money. Luxury goods should then have a very high tax whereas basic food and health staples should have no tax and then intermediary stuff other than the basics has a middle tax rate.

[qiwoman2]

Actually, i'am against high(er) income tax. in contrary, i' am agree with libertarians which say income should be completely tax free. But in my opinion, there should be a higher tax for gains on stocks larger than, let's say, 1 mln. The most rich people had worked hard to get rich but then they get richer just for letting there money work.

Some countries or states don't have any income tax at all and rely on sales taxes. I think this is a much fairer system and doesn't penalise anyone who has worked hard for their money. Luxury goods should then have a very high tax whereas basic food and health staples should have no tax and then intermediary stuff other than the basics has a middle tax rate.

To some degree I agree that the Sales tax on luxury goods should be upped considerably and food should be exempt..and I talking about basic staples not luxury gourmet food like caviar and japanese beef..

Many other issues need to be addressed to make the country stable too, including making the golden dawn party illegal..aka name and shame it as a terrorist organization..legalise all the black market money and make them pay tax on it and also the corrupt govt officials should all be tried..also for heavy sh8t we need back capital punishment..sorry to say but pedos, mass murderers and rapists should get the electric chair..why should poor, hardworking tax payers pay for these harcore criminals to get art classes for life in prison and have it cushy..that will save the govt and country a lo0t of burden..

[NUFCrichard]

Many other issues need to be addressed to make the country stable too, including making the golden dawn party illegal..aka name and shame it as a terrorist organization..legalise all the black market money and make them pay tax on it and also the corrupt govt officials should all be tried..also for heavy sh8t we need back capital punishment..sorry to say but pedos, mass murderers and rapists should get the electric chair..why should poor, hardworking tax payers pay for these harcore criminals to get art classes for life in prison and have it cushy..that will save the govt and country a lo0t of burden..

This sounds like the ravings of a madman.  Why should a popular political party be made illegal?  Why do you need capital punishment? It costs more per person to have someone on death row than to put them in prison for life. Look it up.

Whether they should cut spending or leave the euro is the question, not if they should make political parties illegal and start murdering criminals.

[qiwoman2]

Many other issues need to be addressed to make the country stable too, including making the golden dawn party illegal..aka name and shame it as a terrorist organization..legalise all the black market money and make them pay tax on it and also the corrupt govt officials should all be tried..also for heavy sh8t we need back capital punishment..sorry to say but pedos, mass murderers and rapists should get the electric chair..why should poor, hardworking tax payers pay for these harcore criminals to get art classes for life in prison and have it cushy..that will save the govt and country a lo0t of burden..

This sounds like the ravings of a madman.  Why should a popular political party be made illegal?  Why do you need capital punishment? It costs more per person to have someone on death row than to put them in prison for life. Look it up.

Whether they should cut spending or leave the euro is the question, not if they should make political parties illegal and start murdering criminals.

I respect your views but no offense, serial rapists, murderers and killers shouldn't be sitting pretty in prison but that's just my view.. Golden Dawn is responsible for murders of foreigners and greek activists and such behavior in a civilized society shouldn't be tolerated..Yes to freedom and democracy but we need to be civilised enough to be given the rights of true freedom..Peeps always forget that my freedom doesn't mean I can rob you of yours..and you may say to me, well why u want capital punishment for serial rapists and killers? Well because I simply don't class them as human beings anymore..a monster is not to be put in the same category as a human.. So that's my logic with that one..In regards to cut spending..yes the premature pensions, i.e getting a pension from age 40 or so should be cut..too many civil servants that  shouldn't be in the public sector because they don't really need to be there, those jobs should go and growth should come to give more peeps stable jobs..We should leave the EU because since coming to the EU cotton and silk production was axed along with a lot of other light industries and the germans who selling us expensive credit while making billions on the difference in the interest have made a killing on the broken backs of the greek population..  i love debates.. 

[manselr]

Looks like they are getting more desperate but continue to play kick-the-can. If there was a can kicking contest in the Olympics the Greeks would win it everytime. I expect we'll be reading about Greece can kicking still in another year if not longer.  

[Pab]

Sunday is yet another deadline for Greece,after that will be next one and next one ..... finally something will happen

But Europe change is on horizon,becouse of strong citzenship movement is appearing and EBC massive printing will bring Europe to catastrophe

Greece in all of that story only Greece,but even touch of butterfly wings can cause the avalanche

[thy]

Is it even technically possible for Greece to default without taking all other Euro currency countrys with them ?

As far as i remember from when we voted against changing to the Euro there was no exit paragraphs, if a country changed its currency to the Euro there was not possible to exit the Euro and go back to a separate currency so changing into Euro as national currency was a decition that last forever for those countrys that choose to do so.