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A collection of great words of insight and wisdom.

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  • follyhunter11 November 2013 3:19pm

    Isn't it about time to kick the Greeks out the European Union? Or to downgradethem to some some sort of apprentice status, like Turkey?

    follyhunter12 November 2013 2:58pm

    Response to pastendgame, 12 November 2013 2:29pm

    You Greeks are funny people.

    follyhunter12 November 2013 8:25pm

    Response to pastendgame, 12 November 2013 6:21pm

    You Greeks are sooo funny!

    follyhunter12 November 2013 8:29pm

    Fakelaki ("little envelope")

    In Greek, fakelaki means "little envelope" but is also used in Greek popular culture asa jargon term referring to the bribery of public servants and private companies byGreek citizens in order to "expedite" service.

    According to this practice, sums of money are stuffed in the files and passed acrossthe desk to secure appointments, documents approval and permits.

    follyhunter13 November 2013 3:39pm

    Response to pastendgame, 13 November 2013 2:57pm

    Cheaper Euro?So the Greeks can export more feta cheese to Uganda, as you suggested in anearlier post?

    LOL

    follyhunter16 November 2013 11:54am

    Response to pastendgame, 16 November 2013 4:06am

    Kick the Greeks out the EU...

    Results: 124

  • follyhunter18 November 2013 12:41pm

    Europeans'd be stupid to grant the Greeks a debt relief, even partialy.

    Let the Greeks tap into their gas resources money first.

    follyhunter20 November 2013 11:08am

    Response to Thomas Varmaxizis, 20 November 2013 9:01am

    Thanks to the Greeks for starting this financial mess in Europe...

    follyhunter23 November 2013 11:05am

    Response to DonJuan, 22 November 2013 9:12pm

    Dijsselbloem has just announced another labour reform in Spain. Videoin English here.

    About time. Spain, Portugal, Italy, Greece and France need many such reforms.

    follyhunter23 January 2014 11:28am

    Response to kizbot, 23 January 2014 11:15am

    Those poor innocent Greeks...

    follyhunter03 February 2014 1:32pm

    Greek factories report first growth since August 2009

    So those Greeks have got a couple of factories after all. What are they complaining about all the time?

    follyhunter17 February 2014 3:01pm

    Response to Seaandshells, 17 February 2014 2:45pm

    The Levy Economics Institute of Bard College has released a report onthe Greek economy with damning conclusions for the troika mandatedpolicies of austerity which have been a spectacular failure on all frontsand especially with regards to the debt to GDP ratio which is projectedto rise to 208% in 2015. Greek industry has suffered effects similar tothose of a major war.

    That's what happens when you base your economy on borrowed money.

    follyhunter18 February 2014 5:05pm

  • ATL:

    A protest by school guards in Athens against government plans to sackthousands of civil servants as part of its austerity commitments tobailout creditors.

    Greeks keep firing these civil servants at a snail's pace.

    follyhunter25 February 2014 9:00am

    Response to equusmulusoctopus, 25 February 2014 8:38am

    More Greek navel gazing.

    follyhunter25 February 2014 2:36pm

    Response to usacitizen, 25 February 2014 2:03pm

    How dare you talk like that to Greece's most prominent intellectual?

    follyhunter26 February 2014 1:29pm

    Response to Thomas Varmaxizis, 26 February 2014 12:59pm

    Greece's most prominent intellectual has spoken to us once more.

    follyhunter28 February 2014 11:58am

    EU January youth unemployment 23.4%

    Greece 59%Spain 54.6%Italy 42.4%Poland 27.4%France 25.4%UK 20%Germany 7.6%

    Indicator of a society's functionality.

    follyhunter28 February 2014 7:04pm

    Response to equusmulusoctopus, 28 February 2014 6:09pm

    New case of corruption in military procurement Greece

    A new case of corruption in Greece?

    I'm shocked.

    follyhunter03 March 2014 6:13pm

  • Meanwhile in Spain, Christine Lagarde has sparked a row by telling anevent in Bilbao that the Spanish labour market requires further reform.

    That's for sure.

    And so does the French, the Italian, the Greek and the Portuguese.

    follyhunter04 March 2014 3:32pm

    The Greek manufacturing PMI (based on interviews with purchasingmanagers) rose to a 66-month high of 51.3, up from 51.2 in January.That indicates another rise in activity.

    But while new orders and output rose, employment continued to drop.

    Yup.Greek productivity is still far too low.

    follyhunter04 March 2014 4:02pm

    Response to equusmulusoctopus, 04 March 2014 3:58pm

    Greece might be broke, but, it has tremendous military resources,hundreds upon hundreds of tanks, modern fighter jets, missiles, whathave you. Is that not "material resources"? Or do you think they'reirrelevant in the context of an invasion and potential peacekeepingoperations?

    Ha, ha, ha, ha......

    follyhunter07 March 2014 9:47am

    Response to Seaandshells, 07 March 2014 9:40am

    Costas Lapavitsas

    He isn't Greek by any chance?

    follyhunter07 March 2014 10:06am

    Response to Seaandshells, 07 March 2014 9:51am

    Are you seriously suggesting that a leading professor in economics at atop university is not entitled to an opinion or to participate in a debatesimply because of his ethnicity?

    I didn't suggest anything of the kind.

    But I think you're pushing him here, not because he's such a great expert, but thathe's a Greek like you.You seem to have got an ethnicity complex.

    BTW he's part of the the African studies department. Not such a super expert as youmake him out to be.

  • follyhunter07 March 2014 10:27am

    Response to DonJuan, 07 March 2014 10:23am

    He's an Australian Greek then.

    follyhunter12 March 2014 4:40pm

    Response to Seaandshells, 12 March 2014 3:10pm

    And you're not a Greek?

    follyhunter13 March 2014 11:36am

    Response to kizbot, 13 March 2014 11:30am

    It's not our fault that you moved to Greece and are now stuck there.

    follyhunter13 March 2014 5:41pm

    Response to Seaandshells, 13 March 2014 5:31pm

    European Monetary Fund

    There aren't going to be any Euro Bonds for the Greeks under current conditions. Sokeep on dreaming.

    follyhunter14 March 2014 2:49pm

    Response to kizbot, 14 March 2014 11:11am

    It's not our fault that you moved to Greece and are stuck there now.

    follyhunter14 March 2014 3:59pm

    News is that the Troika won't give the Greeks the next tranche of rescue money,unless they actually do some serious overhauling of their corrupt system.

    follyhunter17 March 2014 2:45pm

    Response to zerozero, 17 March 2014 2:32pm

    What Varoufakis doesn't say is where this is going. He seems to becorrect in that Greece is already a failed state, and all the economicindicators are dire, but this also looks like a continuing decline. Nothingin capitalism stands still.

    Greece's always been a mess (except maybe a brief period during the bronze age) nomatter what kind of economic system made the world go round.

  • Greece was a failed state, is a failed state and very likely will remain a failed state inthe future.

    follyhunter18 March 2014 12:23pm

    Response to Seaandshells, 18 March 2014 10:20am

    Article from The Press Project.Subheader says: Greek news for a global audience.

    That says it all.

    follyhunter19 March 2014 9:55am

    It's not our fault that you moved to Greece and are stuck there now.

    follyhunter26 March 2014 6:31pm

    Prime minister Antonis Samaras shaky two-party coalition has made areturn to markets a priority despite opposition from lenders who havecautioned against such a move.

    The Greeks can't bear the interest of their present debt pile and want to return to themarkets???

    follyhunter31 March 2014 2:09pm

    Response to Thomas Varmaxizis, 31 March 2014 1:45pm

    Is Greece an island?

    follyhunter02 April 2014 9:12am

    Response to IfigEusLannuon, 02 April 2014 9:07am

    Greek government is planing to issue a 2 billion bond over 5 years in May.

    follyhunter02 April 2014 2:59pm

    Response to Typist11, 02 April 2014 11:36am

    Without the Eurozone membership Greek yields would certainly be around 15-20%.

    BTW same goes for Spain or Italy or Portugal.

    follyhunter02 April 2014 4:36pm

    Response to follyhunter, 02 April 2014 3:44pm

    Unless with "we" you meant the Australians and not the Greeks.

  • follyhunter03 April 2014 10:32am

    Response to Seaandshells, 03 April 2014 10:18am

    Transparency International still ranks Greece as the most corrupt nation in Europe andTransparency is a left leaning organization.

    In that regard Greece is like all the other corruption ridden countries like Uganda. Youwant to do business there, officials and people on the ground expect to be bribed.

    follyhunter03 April 2014 12:10pm

    Response to Seaandshells, 03 April 2014 10:56am

    You have to open a new thread for this.

    Alright, than get at least your facts straight.

    Transparency ranks Greece on its worldwide corruption index at #80 one place behindChina and Tunisia and just before Swaziland and Burkina Faso.

    That makes Greece the most corrupt nation in Europe. Even Romania and Bulgaria dobetter than Greece.

    follyhunter04 April 2014 1:51pm

    While protests take place in Brussels, there is a clean-up operationunderway in Athens as the Greek government tried to make its capitallook its best.

    With EU foreign ministers starting a two-day meeting today, workmenhave been sprucing up Syntagma Square. Athens correspondent HelenaSmith sends a photo:

    Wow, two people at work. Some clean-up operation.

    Where's the rest of them? Forging for food in bins or holding siestas?

    follyhunter04 April 2014 8:06pm

    Response to Thomas Varmaxizis, 04 April 2014 3:20pm

    I don't know what you Greeks put into your drinking water, but hey, I want some ofthat.

    follyhunter07 April 2014 3:01pm

    Response to MAKRAKOMI, 07 April 2014 12:38pm

    Is it compulsory for Greek internet users to post comments on the Guardian businessblog?

  • follyhunter08 April 2014 8:36am

    We'll also be watching Greece, where anti-austerity protests areexpected today ahead of tomorrow's general strike, along with all themain events through the day....

    Why always this blog's emphasis on Greece, Guardian? This is really beginning to feelweird.

    If the Eurozone crisis is the focus, why not report with the same vigor what's going onin Portugal for a change?Or Spain?Or Italy?Or France?Or Belgium?Or Germany?Or Austria?Or Finnland?Or Slowenia?Or Bulgaria?Or Romania?Or Ireland?Or Netherlands?Or Estonia?Or Luxembourg?Or Slovakia?

    follyhunter08 April 2014 10:21am

    Response to Balaam89, 08 April 2014 9:46am

    It is time for an exit, a reinstatement of the drachma

    Remember Greek debt is in Euros! Devaluing the Drachma would do nothing to digthem out of pit dug in Euros. Greeks would get little value out of their new printingpress.

    The Drachma, from a bussiness perspective would be a disaster. Who would want tomake deals based on a currency that is expected to go through wild changes invaluation? Why would other Eurozone nations expose their transactions to increasedhassel and risk to trading with Greece?

    follyhunter08 April 2014 5:41pm

    Greece prepares for general strike and possible bond sale

    Translation:

    Greeks prepare to take the day off and create new debt.

    follyhunter09 April 2014 9:25am

    Bond sale during Greece's National Holiday General Strike.

  • Only country in the world that has got a national holiday 24 times a year.

    follyhunter10 April 2014 9:57am

    Response to CefimarPark, 10 April 2014 9:35am

    Terrific news - Greece is borrowing 'again'.

    Terrific. Like handing a 4 year old child a loaded handgun.

    follyhunter10 April 2014 5:06pm

    Response to Abertawe, 10 April 2014 2:03pm

    What do you expect from a Greek business blog?

    follyhunter11 April 2014 9:22am

    A car bomb went off outside the Bank of Greece building in centralAthens early on Thursday.

    There are rumors it wasn't a car bomb after all, but the prototype of a Greek carcalled, Pony, (produced by the Greek car manufacturer company, Namco ((didn't knowsomething like that existed)) that drove through central Athens yesterday andsuddenly blew up.

    follyhunter11 April 2014 11:10am

    Who cares about Merkel's visit to Greece? What's next? Albania?

    follyhunter14 April 2014 10:59am

    Response to ElvisInWales, 14 April 2014 10:32am

    I have seen more intellect in a dead dingo's donger ffs grow the fuck up!

    It's a Greek business blog. What do you expect?

    follyhunter14 April 2014 2:28pm

    Response to equusmulusoctopus, 14 April 2014 2:19pm

    Greek bookkeeping.

    What else is there to say.

    follyhunter14 April 2014 4:48pm

  • What we can do is to ease debt, which is what we have done beforethrough offering lower interest or extending the maturity of loans, DutchFinance Minister Jeroen Dijsselbloem, who heads the group of eurofinance chiefs, said yesterday. Those type of measures are possiblebut under the agreement that commitments from Greece are met.

    Good luck with that last one boys. Greece is still the same over-bureaucratized corrupt swamp it was prior to thebailouts. There will be a deep freeze in hell before the 'commitments are met'.

    follyhunter15 April 2014 10:24am

    Response to equusmulusoctopus, 15 April 2014 9:41am

    Why should the Guardian write another article in an endless seeming stream ofarticles on crooked Greek bookkeeping?

    Just another attempt by Greece to fix the books.

    They must think the EU is stupid.

    After the European elections the Greeks will surely be punished for it and punishedvery serverely.

    follyhunter15 April 2014 11:03am

    Response to equusmulusoctopus, 15 April 2014 9:41am

    Yes, like another Greek government would do their bookkeeping differently.

    Very funny.

    follyhunter15 April 2014 1:59pm

    Of the 27 regions that reported unemployment above 21%, 13 are inSpain, 10 in Greece, one in Italy, as well as three French outposts.

    Of the 49 regions with jobless rates of 5.4% or lower, 23 are inGermany, 8 in Austria, 3 in the Czech Republic, followed by Romania(3), Belgium (2), Holland (1) and Italy (1).

    So without Greece and Spain, the EU's unemployment report would be almostspotless.

    follyhunter22 April 2014 2:55pm

    Austerity in Greece caused more than 500 male suicides, sayresearchers

    I guess the personal debt those 500 males piled up were the real cause and notausterity.

  • follyhunter23 April 2014 9:12am

    Response to equusmulusoctopus, 23 April 2014 9:05am

    Greece booked 83bn general government revenue and 106bn generalgovernment expenditure in 2013, i.e. a deficit of 22% or 28%, but youwouldn't call its savage austerity Keynesian policy, would you now?

    No. I'd call it stupid.

    follyhunter23 April 2014 10:57am

    Helena add that the total number of Greeks applying for the "socialdividend" (an allowance promised once the primary surplus had beenachieved), has shot up to 312,000, according to finance ministryofficials in Athens. That's up from 225,000 yesterday.

    Over a 100.000 Greeks applying for money handouts in 24 hours and the Greekbureaucracy able to handle that and give an exact figure?

    Who's surprised by that I wonder?

    follyhunter23 April 2014 1:39pm

    Response to equusmulusoctopus, 23 April 2014 12:59pm

    Why don't you post your comments in a Greek paper?

    follyhunter23 April 2014 5:03pm

    Response to totallymad, 23 April 2014 4:53pm

    The Greeks would not have done a damn thing without pressure from the Germansand the ECB.

    follyhunter24 April 2014 9:52am

    Response to jonsnow92, 24 April 2014 9:35am

    corrupt Greek government

    It'll be difficult to find a Greek government that is not corrupt in Europe's most corruptnation.

    follyhunter25 April 2014 10:52am

    Response to kizbot, 25 April 2014 8:39am

    But the German press? Why so quiet and accepting? It beggars beliefthat the Germans are just going to lie down and bankroll this madnesswithout a peep.

  • Maybe the Germans don't give a toss about what is going on in Greece. Until thecrisis struck, Greece was just another Balkan country next to Albania for the Germansand about as equally important to them.

    follyhunter25 April 2014 12:42pm

    Response to equusmulusoctopus, 25 April 2014 12:36pm

    Greeks fixed their books to get in the Eurozone and now they're fixing their books tostay in.

    What's so surprising about that?

    follyhunter25 April 2014 3:49pm

    Response to Grishnakh, 25 April 2014 3:47pm

    Could we get some comment on this from those people on here whoproclaimed in no uncertain terms back when the Cypriot bailout wasannounced that the evil EU had thereby 'destroyed the Cyprioteconomy'?

    They're too busy uncovering the great Greek/EU surplus conspiracy.

    follyhunter28 April 2014 1:08pm

    Response to equusmulusoctopus, 28 April 2014 11:57am

    More on Greece cooking the books.

    A never-ending story.

    follyhunter29 April 2014 10:57am

    Greece: Stop unlawful and shameful expulsion of refugees and migrants

    Amnesty Internationals report Greece: Frontier of hope and fear contains newevidence of the ongoing, persistent and shameful treatment by the Greek authoritiesof people risking their lives to find refuge in Europe. This is in direct violation ofGreeces international human rights obligations. The report calls on the EU to use itspower to start legal proceedings against Greece for failing to uphold its obligations.

    follyhunter07 May 2014 3:01pm

    Response to nuspeak, 07 May 2014 10:41am

    We agreed on a strong currency regime. That is the deal.

    follyhunter08 May 2014 9:30am

    Response to equusmulusoctopus, 08 May 2014 8:50am

  • Greece now has a balanced current account quite an achievement after double-digitdeficits (as a percentage of GDP) a few years ago. But, in contrast to othereconomies on the eurozone periphery, this improvement was achieved entirelythrough import compression.

    Lack of export growth has made the recession in Greece much longer and deeper thanit would have been otherwise. If Greek exports had increased at the same rate asthose of Portugal (or Spain), the recession would have ended by now.

    follyhunter12 May 2014 3:14pm

    Response to BabyBoomer55, 12 May 2014 2:33pm

    Germans can't play as bad as the Greeks, just so that the Greeks don't feel bad.The EU should be glad that it got at least one last global player left in its team.

    follyhunter12 May 2014 3:54pm

    Response to BabyBoomer55, 12 May 2014 3:47pm

    This is nonsense.

    How about making the other players improve their game?

    Ever done any business in Italy, Spain or Greece? Probably not, or you'd know whythey're in such bad shape.

    follyhunter12 May 2014 4:24pm

    Response to BabyBoomer55, 12 May 2014 4:08pm

    Germany could help here by ensuring all eurozone SME's can borrow atthe same rate as they do - they haven't.

    The other countries get pretty good rates. Actually without the German EZmembership, Italy, Spain or Greece would probably borrow at around 12-15%.

    follyhunter14 May 2014 3:32pm

    Response to IfigEusLannuon, 14 May 2014 3:13pm

    Yes, probably, but I was just having fantasies of UK citizens going intothe "Other passports" queues at airports in France and Spain, with allimmigrants from Africa and Asia. A kind of immanent justice for UKIPsupporters; having to live through the life of third world immigrants willbe enlightening, if only for the few months needed to find an agreement.

    That comment is a bit racist, isn't it?

    follyhunter14 May 2014 3:40pm

    Response to Seaandshells, 14 May 2014 3:19pm

    Timothy-Geithner-reveals-Schaubles-plan-to-kick-Greece-out-of-the-euro-

  • and-terrify-the-rest-of-Europe

    Sounds like a good plan.

    follyhunter14 May 2014 5:17pm

    Response to BabyBoomer55, 14 May 2014 4:35pm

    several are already in a deflationary spiral

    They're not, except for Greece maybe.

    follyhunter15 May 2014 4:32pm

    Response to windguy, 15 May 2014 3:52pm

    I don't know how undervalued the Euro should be for you Greeks.

    Even with an undervalued Euro, there wouldn't be anything of substance Greece couldexport.

    follyhunter22 May 2014 11:13am

    You can always tell not much going on in the world of business when the Greekcleaning ladies pop up.

    follyhunter22 May 2014 12:20pm

    Response to equusmulusoctopus, 22 May 2014 12:15pm

    jonsnow92 was talking about the EZ, not the EU.

    Besides that thing was published in 1996 and nobody knew back then, that Greecewould go on a spending spree and make that goal of convergence unattainable fordecades to come.

    follyhunter23 May 2014 12:48pm

    What are the Greek cleaning ladies doing today?

    follyhunter27 May 2014 9:48am

    UKIP's triumph in the UK, the National Front's surge in France, and eventhe prospect of Greece's Golden Dawn sending MEPs to Brussels, isn'tspooking investors, yet anyway.

    Why should that spook anyone?

    Bunch of incompetent nationalists and socialists = incompetent national socialists.They'll sit there for 4 years boring each other with boring speeches and then won't bereelected.

  • follyhunter28 May 2014 8:45am

    Response to kizbot, 28 May 2014 8:42am

    Ah, crap.You hate him, because he was chief of the Euro group and he didn't pay off yourGreek debt.

    follyhunter28 May 2014 3:31pm

    Response to Thomas Varmaxizis, 28 May 2014 3:23pm

    but Germans still want to be and buy Greece,

    I guess the Germans go there for the sun, despite the Greeks.

    follyhunter28 May 2014 4:01pm

    Response to Thomas Varmaxizis, 28 May 2014 3:42pm

    They have to learn the Greek language....to respect locals and theirtraditions....and to be integrated to Greek society.

    You ask a lot for a 14 day holiday.

    follyhunter30 May 2014 10:43am

    Tsipras calls Farage monstrosity created by austerity

    That Tsipras guy should better stick to Greek issues, for he obviously knows nothingof British issues.

    follyhunter03 June 2014 3:49pm

    I only come here for the Greek cleaning ladies soap opera.

    follyhunter05 June 2014 3:44pm

    Response to Rolex44, 05 June 2014 3:29pm

    Yep the EU economy is up shit creek.

    Most of the EU economy is doing pretty good.

    Italy, France and Greece are 'up shit creek'. And that won't change for a long time.Inside or outside the EU or Euro.

    follyhunter05 June 2014 4:34pm

  • Response to Optymystic, 05 June 2014 4:08pm

    Spain and Portugal don't count.

    They do and they are undertaking structural reforms and will come out on top ofFrance, Italy and Greece.

    Greece is such a mess, I shouldn't even mention that country in relation to the others.

    follyhunter06 June 2014 12:07am

    Response to jonsnow92, 05 June 2014 6:53pm

    Let me guess...you're a Greek.

    follyhunter06 June 2014 9:39am

    Response to finnja, 06 June 2014 9:22am

    You're wasting your money for a good cause...to make the Greeks and Italians andthe French feel better.

    The ECB gave the South more time to postpone any serious reform efforts.

    follyhunter06 June 2014 4:20pm

    Response to Optymystic, 06 June 2014 2:21pm

    The currency that could serve the need of the Greeks does not exist, never existedand will never exist.

    Blame it on the Euro as long as you like, Greece is mess. She was a mess beforeshe joined the Euro and will be a mess, long after Greece left the EZ.

    follyhunter16 June 2014 1:55pm

    Response to equusmulusoctopus, 16 June 2014 11:43am

    How will foot cream help Greece?

    follyhunter17 June 2014 3:08pm

    Response to TheThistle, 17 June 2014 2:47pm

    Greece will only exit if those who matter (IMF + Germany) tell it to doso.

    So sit quiet and wait until you're told by the grown ups.

    follyhunter17 June 2014 3:11pm

    No pics of the Greek cleaning ladies today?

  • follyhunter19 June 2014 10:22am

    ATL:

    In Greece, cleaning workers who lost their jobs last summer in theausterity cutbacks are protesting outside the office of New Democracy,the governing party.

    Thanks for the info! Just a bit sad that there's no picture.

    Please tell the Twitter journalists to keep us updated in case the cleaning ladies crossthe street to get out of the sun.

    follyhunter19 June 2014 3:57pm

    Response to jonsnow92, 19 June 2014 1:17pm

    Academic rigor has never been the strong point of europhiles. 'TheProject' is their oxygen - figures and facts are not that important.

    Bull.This is all about money and Greek pride.

    Had the EU pumped more money into Greece, you Greeks here would all beeurophiles.

    follyhunter23 June 2014 10:17am

    Response to kizbot, 23 June 2014 8:52am

    But a fair summing up of why Cameron doesn't want that bastardJuncker.

    Ah you Greeks. All people who do not hand you free money are bastards.

    follyhunter26 June 2014 11:29am

    Seems like the Greeks found a new tax collector (LOL) for the hopelessly corruptGreek system.

    follyhunter30 June 2014 2:08pm

    Response to kizbot, 30 June 2014 1:28pm

    while the 25% fall in Greek GDP shows how great it is to be in the EZ...

    The Greek blaming game again.

    follyhunter01 July 2014 2:40pm

  • A bit of neutral info for those Greeks here who do nothing else, than blame the Troika.For the Sydney news:

    At the height of the crisis Greece ran a budget deficit equivalent to 13.5per cent of its gross domestic product (compared with 4.1 per cent inAustralia). Its gross public debt was 115 per cent of GDP (as against 16per cent in Australia), and rising rapidly. And the banks would not lendmore.

    How did it get there? Take its pension system. Greeks can retire earlyon a lifetime pension equivalent to 80 per cent of their final salary, andindexed to match wage growth. They receive 14 months a year ofpension payments, with bonuses at Christmas and Easter. The OECDestimates that some Greeks actually receive more on the pensionthan they did when they were working.

    Greece is the land of bankrupts and luxury pensions, tax dodgersand rip-offs. It's a country where the authorities use satellites to searchfor houses with swimming pools, in order to send the owners a tax bill. Itreported that Greeks on average paid almost $A2000 a year inbribes, and shops routinely refused to provide tax receipts forpurchases.

    And that is part of the story. Greece joined the European Union, joinedthe euro, but never became part of that northern European culture inwhich officials, taxpayers and citizens obey the law because they seethe state as theirs. In Greece, tax evasion and corruption are rife. TransparencyInternational's annual index finds investors rate it the most corruptcountry in the developed world, worse even than Saudi Arabia andGhana.

    follyhunter02 July 2014 10:43am

    Response to WoodWorker2008, 02 July 2014 9:26am

    There is more civil war action in France after an Algeria football match than in Greecesince the beginning of the crisis.

    follyhunter09 July 2014 11:01am

    Response to WoodWorker2008, 09 July 2014 10:01am

    Not too many people post on this blog anymore.

    By reporting on this stuff, they keep at least the Greek posters.

    follyhunter10 July 2014 11:12am

    Response to jonsnow92, 10 July 2014 9:55am

    Perhaps them righteous northerners are not that much different from thelazy southerners after all

    Are you Greeks dreaming about this sort of thing at night?

  • follyhunter10 July 2014 1:59pm

    Response to follyhunter, 10 July 2014 11:12am

    Seems like some of the Greeks here are so obsessive, they've even got multiplecharacters registered here.

    Time for the mods to check some IP addresses...

    follyhunter10 July 2014 4:10pm

    Response to DonJuan, 10 July 2014 4:08pm

    Some members should consider leaving the bitching EU and join theEurasian Union.

    Please go ahead and don't forget to take Greece with you.

    follyhunter11 July 2014 10:31am

    Response to mrwicket, 11 July 2014 10:09am

    In case some of you have forgotten (or don't think it matters), Italy arerunning the European show for the next six months so just calm it rightdown.

    Don't worry. Nobody outside Italy will take notice.

    Just like when Greece held the presidency for the last 6 months. Nobody took noticeof that non-event either.

    follyhunter15 July 2014 3:36pm

    Response to jonsnow92, 15 July 2014 12:06pm

    Apart from Germany(And Finland, Netherlands) I think anyone is inaggrement over fiscal transfers.

    Only the broke and backward European South is in some sort of agreement here.Nobody else.

    And the South only wants the one way street fiscal transfers, the one's where moneyis flowing south and the South does nothing in return.

    follyhunter17 July 2014 10:39am

    The Russian ruble has weakening this morning, losing 0.75% againstthe US dollar in early trading.

    The French and the Greeks and the Italians want a weak Euro to strengthen theexport of their not so good products.

    How about joining Putin's Eurasia Ruble instead?

  • follyhunter17 July 2014 2:27pm

    Response to equusmulusoctopus, 17 July 2014 2:08pm

    This is a business blog and not for weird news from the Europeanperiphery.

    I forgot for a moment that Greece is basically a bronze age culture and you can'tunderstand these things.

    VW and Fiat are car makers and a possible take over would be big business newsindeed.

    follyhunter18 July 2014 12:05pm

    Response to windguy, 18 July 2014 11:41am

    This crisis will blow over.

    That mentality keeps Greece in the bronze age.

    follyhunter18 July 2014 2:17pm

    Response to jonsnow92, 18 July 2014 1:30pm

    tomorrow could be - 2% + 2% not 2%.

    If the ECB be run by Greece, I wouldn't doubt it.

    Thank God it's not.

    follyhunter21 July 2014 11:00am

    Response to equusmulusoctopus, 21 July 2014 10:54am

    People simply can't pay, they've been squeezed dry.

    Bold claim.

    Greeks didn't pay their taxes in past, long before the crisis.

    follyhunter21 July 2014 3:59pm

    Response to usacitizen, 21 July 2014 3:43pm

    Hey, James Pethokoukis (no thanks Greece), the ECB's inflation target is 0% up to2% and not 2%.

    Get your facts straight before writing about spending other people's money.

    follyhunter22 July 2014 10:22am

    Response to kizbot, 22 July 2014 10:01am

  • to come over to Greece and meet up with our boys in the Ministry offinance. We could show them a trick or two when it comes to bookfiddling and number crunching.

    When we Neutrals say such thing on this blog, the Greeks call us racist.

    follyhunter22 July 2014 1:59pm

    Response to windguy, 22 July 2014 11:18am

    Not so good news on Chinese debt.

    Some people are not surprised by this development of Chinese debt.The Chinese are doing a lot of business with Greece lately.

    follyhunter23 July 2014 3:05pm

    Response to equusmulusoctopus, 23 July 2014 2:04pm

    This post is a great example of the humility that endears so many to Greece.

    follyhunter24 July 2014 10:54am

    Response to Heetboven, 24 July 2014 10:10am

    Bloody Germans.

    I won't say who, but a certain country could learn a lot from them bloody Germans.(Hint, officially the most corrupt European nation).

    follyhunter24 July 2014 5:19pm

    Response to Seaandshells, 24 July 2014 4:49pm

    I guess the Germans don't want to hurt the indigenous population by ignoring theirlocal customs and say: "When in Rome do as the Romans do".

    In this case the Greeks.

    follyhunter25 July 2014 7:13pm

    And finally over to Greece where the battle to stop Sunday Shoppingreached new heights as the case was taken to the countrys highestcourt.

    The shops should be open in Greece on Sundays.

    That be good for the tourists there who've got real money to spend.

    And a great opportunity for large European companies like Metro, Aldi, Penny, Lidl,Saturn or Media Markt to strengthen their business there.

    Let's be honest, the little Greek shop owner hasn't got a future anyway.

    After six straight years of recession and with liquidity still at

  • chronically low levels - most store staff have not been paid in months.

    Jezz, I rather work at Lidl.

    follyhunter28 July 2014 9:09am

    Response to kizbot, 28 July 2014 8:57am

    Bring on the Greek cleaning ladies.

    follyhunter28 July 2014 1:02pm

    Response to Rialbynot, 28 July 2014 11:41am

    I think of all that EU money wasted on the Greeks.

    You just said something negative about Grecce. Prepare for over twenty replies telling you how you're wrong.

    follyhunter28 July 2014 1:08pm

    I continue to believe the only way to change Greece's behavior is to ban travel of allGreeks to civilized places in the world.

    When Papandreou's friends are forced to live in the EU protectorate and have noaccess to their villas in the south of France or their homes in London, behavior willchange.

    Let them buy summer homes in Syria and North Korea. Enjoy the fresh air in Beijing!Let them behave in Shanghai, the same way they behave in the ski lines of the Alps,and see what happens.

    In the meantime, the quality of life improves in London and the south of France.

    follyhunter28 July 2014 1:11pm

    Response to follyhunter, 28 July 2014 1:08pm

    BTW, the Russians are more humble than the Greeks.

    follyhunter28 July 2014 4:30pm

    Response to kizbot, 28 July 2014 12:47pm

    In Greece it is always the other guy who did the bad deed.

    And never the good simple folks...never.

    follyhunter28 July 2014 5:09pm

    Response to windguy, 28 July 2014 3:02pm

    This is a very simple way to summarize debating with the putinbots.

  • Non putinbot: "It is raining in Moscow" Putinbot: "It rains more in London" LOL

    Greek humor.

    That'll impress the Putinbots.