New Posts For Thread: Greece bailout starting May 2010 and its lack of success....https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success...explained quite simply by our furry felines.The human arm of course is the Troika.......the European Commission...The European Central Bank (ECB) and the IMF....The lovely if somewhat sad cat is Greece.. of course.......and the sneaky opportunistIf housing costs come down to 30cents a day, I'll take that dollar.https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545402767#545402767If housing costs come down to 30cents a day, I'll take that dollar.Sun, 05 Jul 2015 12:43:56 -0500bongo you keep implying that the free market is the only way and anything else is doomed to fail.But there is no proof that this is the case, the only way a true free market would work is if we can get down to living off less than a dollar a day. Andhttps://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545402143#545402143bongo you keep implying that the free market is the only way and anything else is doomed to fail.But there is no proof that this is the case, the only way a true free market would work is if we can get down to living off less than a dollar a day. AndSun, 05 Jul 2015 11:32:12 -0500The IMF 2012:.http://www.imf.org/external/pubs/ft/survey/so/2012/car031512b.htm"60 percent of all family benefits go to the 40 percent with the highest incomes"Vanity Fair 2010.http://www.vanityfair.com/news/2010/10/greeks-bearing-bonds-201010Only dohttps://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545401133#545401133The IMF 2012:.http://www.imf.org/external/pubs/ft/survey/so/2012/car031512b.htm"60 percent of all family benefits go to the 40 percent with the highest incomes"Vanity Fair 2010.http://www.vanityfair.com/news/2010/10/greeks-bearing-bonds-201010Only doSun, 05 Jul 2015 10:04:44 -0500...you are probably right...much of it will never be recovered......but then perhaps much of it should never have been lent in the first place.And perhaps the only reason it was lent...and kept being lent... was that those doing the lending came to thttps://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545401011#545401011...you are probably right...much of it will never be recovered......but then perhaps much of it should never have been lent in the first place.And perhaps the only reason it was lent...and kept being lent... was that those doing the lending came to tSun, 05 Jul 2015 09:55:15 -0500Still had Europe's highest per hectare agricultural subsidies until last month.And likely to have problems keeping people fed next winter, because they don't produce enough of things people want.Only subsidies can bugger a market so completely.https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545401005#545401005Still had Europe's highest per hectare agricultural subsidies until last month.And likely to have problems keeping people fed next winter, because they don't produce enough of things people want.Only subsidies can bugger a market so completely.Sun, 05 Jul 2015 09:54:53 -0500Well apart from the fact that they are the ones owed hundreds of billions by the Greeks that will never be recovered.https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545400933#545400933Well apart from the fact that they are the ones owed hundreds of billions by the Greeks that will never be recovered.Sun, 05 Jul 2015 09:50:33 -0500...it wasn't much of a bailout per se dotchinite.......not when since the it started Greece economy has shrunk by at least 25% in 4 years...the troika have been bailing there themselves and their institutions out whichever we it is dressed up.https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545400867#545400867...it wasn't much of a bailout per se dotchinite.......not when since the it started Greece economy has shrunk by at least 25% in 4 years...the troika have been bailing there themselves and their institutions out whichever we it is dressed up.Sun, 05 Jul 2015 09:46:52 -0500...and a rather more in depth explanation if anyone is interested...."Where did all the money go?"http://www.macropolis.gr/?i=portal.en.the-agora.2080https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545400829#545400829...and a rather more in depth explanation if anyone is interested...."Where did all the money go?"http://www.macropolis.gr/?i=portal.en.the-agora.2080Sun, 05 Jul 2015 09:43:49 -0500It wouldnt have been much of a bailout if it was just given to the Greeks to spend on public services.https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545400809#545400809It wouldnt have been much of a bailout if it was just given to the Greeks to spend on public services.Sun, 05 Jul 2015 09:42:49 -0500.www.bloomberg.com/news/videos/2015-07-02/varoufakis-says-he-will-quit-if-greeks-vote-yes-https://community.betfair.com/chit_chat/go/thread/view/94038/30542597/greece-bailout-starting-may-2010-and-its-lack-of-success?post_id=545400781#545400781.www.bloomberg.com/news/videos/2015-07-02/varoufakis-says-he-will-quit-if-greeks-vote-yes-Sun, 05 Jul 2015 09:41:19 -0500