tag:blogger.com,1999:blog-12627448.post6044302042000514044..comments2023-10-26T22:37:19.944+09:00Comments on Chinese Chic 中華風 中華チック : Greece and South Korea:A Comparison...双国故事:希腊与韩国....ギリシャと韓国:二つ国の物語hcpenhttp://www.blogger.com/profile/04873196049058280832noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-12627448.post-55551559955901320802010-05-21T15:35:17.670+09:002010-05-21T15:35:17.670+09:00aimlesswanderer: I totally agree. It's true, i...aimlesswanderer: I totally agree. It's true, i think they face serious public debt and financial problems. Greece's biggest problem is it's own people's unwillingness to compromise and make the necessary sacrifices. Europe's economy is actually in big trouble anyway with Spain and Portugal being the worst and UK and France being pretty bad as well.hcpenhttps://www.blogger.com/profile/04873196049058280832noreply@blogger.comtag:blogger.com,1999:blog-12627448.post-63560958188958190782010-05-20T22:21:05.074+09:002010-05-20T22:21:05.074+09:00They are attempting to bail out the weakest link i...They are attempting to bail out the weakest link in order to stem the panic and stop the contagion from spreading to the other weak, heavily indebted countries.<br /><br />If this doesn't work, then the EU may have no choice but to either boot them out or see the EU unravel. That would have a huge effect on the world.<br /><br />From what I can see, the greatest threat to the bailout is actually the Greek people. If they continue to protest on such a wide scale, and especially if the government loses its nerve or falls, then the whole situation is going to go into meltdown.aimlesswanderernoreply@blogger.comtag:blogger.com,1999:blog-12627448.post-31177557080795587182010-05-20T17:47:33.977+09:002010-05-20T17:47:33.977+09:00Chris: No lah, just my personal view..haha..Chris: No lah, just my personal view..haha..hcpenhttps://www.blogger.com/profile/04873196049058280832noreply@blogger.comtag:blogger.com,1999:blog-12627448.post-71500349987156514442010-05-20T15:25:53.510+09:002010-05-20T15:25:53.510+09:00U study econ anf finance last time?U study econ anf finance last time?Chrishttps://www.blogger.com/profile/16847356274840105139noreply@blogger.comtag:blogger.com,1999:blog-12627448.post-78794938847792099222010-05-19T02:24:15.674+09:002010-05-19T02:24:15.674+09:00aimlesswanderer: I hear you. That's why the EU...aimlesswanderer: I hear you. That's why the EU is worried that if Greece fails it'd have a domino effect with Spain and Portugal also having similar problems financially...the EU cannot possibly bail out such a huge economy like Spain so i guess they're helping Greece to help the rest of Europe's economy. <br /><br />I don't think they would let Greece out though as like I said, politically it's not possible at this stage..although that may be an option if Greece defaults on all its debt and go into bankruptcy like Iceland.<br /><br />Thailand, or rather Bangkok, is definitely in danger of becoming a civil war zone...it's dragged out for longer than I thought it would.hcpenhttps://www.blogger.com/profile/04873196049058280832noreply@blogger.comtag:blogger.com,1999:blog-12627448.post-49178569057971750002010-05-18T21:12:13.693+09:002010-05-18T21:12:13.693+09:00While booting them out might weaken the EU and cre...While booting them out might weaken the EU and create a precedent, if the enormous bailout fails or if other countries need bailing out too, the whole EU might collapse - there simply isn't enough money (or good will) to bail out all the weak economies. Clearly there is a pressing need for much stricter monitoring of the fiscal health of members and would be members.<br /><br />Not helping the attempt to salvage the Greek economy are the delusional ideas among many Greeks who are unwilling to make sacrifices so their country doesn't go broke. Those same people gleefully avoid paying taxes and accepted the extra government spending. I am not entirely sure about what might happen if the government defaults on its debts and is booted out of the EU, but I'd be willing to bet that it'd be worth getting 20% less wages/pension to avoid that.<br /><br />My uncle visited there and said that they are "living in the past", harking back to the "golden age" nearly 2 thousand years ago. Since then they haven't achieved much... You can't live solely on the glories of the past.<br /><br />And Thailand is edging towards authoritarianism, chaos and bloodshed. Land of smiles no more. Fun or all.aimlesswanderernoreply@blogger.comtag:blogger.com,1999:blog-12627448.post-75665169060580885322010-05-18T11:30:06.465+09:002010-05-18T11:30:06.465+09:00aimlesswanderer: I know. I think the cleanest and ...aimlesswanderer: I know. I think the cleanest and easiest way would have been to boot them out but politically, it isn't feasible as that'd weaken the European Union as a group whereby any country can easily be kicked out and also destabilise the currency.hcpenhttps://www.blogger.com/profile/04873196049058280832noreply@blogger.comtag:blogger.com,1999:blog-12627448.post-55481557642606579522010-05-17T22:23:33.221+09:002010-05-17T22:23:33.221+09:00Greeks don't want to face reality - their gove...Greeks don't want to face reality - their government not only dodged the figures to get into the Euro zone, but has also massively overspent. Now the chickens have come home to roost... and it isn't pretty.<br /><br />Personally if I was a politician in one of the strong Euro economies I'd be frantically going through the EU treaties trying to figure out how we could boot out Greece. You may not have to, but it'd be good to know just in case...aimlesswanderernoreply@blogger.com