Public debt: bankruptcy of Greece ... who's next?

[yoananda]

It's the debt load that counts.
http://www.lexpansion.com/diaporama/fra ... 25404.html

Japan, for example, has a debt of 200% of GDP, but it owes it to itself (basically to its retirees), so it's not a problem.

What also matters is the imbalance (if we have more debts to foreigners than they have to us).
Excluding since 2002, our net debt has exploded: http://www.jpchevallier.com/article-det ... 61903.html

For France, we will go there, we are part of the "PIIGS", it's just that with Sarko the liberal we are "protected" for the moment, because the markets trust him (which means that it is shit for us)
http://www.terrefuture.fr/2207/la-franc ... ne-en-2010

Is it clearer Christophe?

[Pascal HA PHAM]

deficits and debts pin France "back to the wall":

http://www.lemonde.fr/economie/article/ ... _3234.html

[Did67]

1) It seems clear to me: a state, like a large family, if it spends more than it constantly receives, must borrow; at first, the reputation is good, and it is lent at a good price; then at some point, the simple reimbursement of interests becomes a burden too heavy for the budget ... And you have to pay more and more. This is the situation in Greece.

2) It seems appalling to me: the states, certainly not very united, weigh nothing compared to the financial markets; a rating agency "weighs" much more than all governments; that says a lot about the world we live in, the weight of the puppets who call themselves politicians ...

3) Even though the "criteria" may differ slightly, I don't think France is in a fundamentally different situation. What we see in Greece, tomorrow it may be the case with us! Let’s stop dreaming. Greece, Spain and Portugal are a little more fragile, we attacked them first ...

4) From a pure psychological point of view, the announcement of savings made by the French government to "prevent" an effect à la Grêque will undoubtedly accelerate it ... In the "I am sick but I am taking care of myself ", I think speculators are willing to hear only the" I'm sick ... ". So to attack!

[Pascal HA PHAM]

POOR EARTH: the world of speculators is pulling the strings ... and politicians are trying to regain control:

http://www.lefigaro.fr/flash-actu/2010/ ... ateurs.php

hey ho .....!
by the way! BUT who thinks of the string? by dint of pulling in all directions and she will catch the string!

and watch your hands
A+

[yoananda]

http://www.lefigaro.fr/flash-actu/2010/ ... ateurs.php

“First the banks failed, forcing states to carry out rescue actions. They plunged the world economy into the precipice, and we had to initiate stimulus plans. Because of these stimulus plans, we are in debt, and now, they speculate against these debts, it is really very treacherous "on their part, she detailed.

Absolutely.

We must now clearly demonstrate that in Europe we have the political strength, each in our country, to get back on the path of the Stability and Growth Pact. It’s a political fight against the markets
(for that) we need much stricter global rules, ”she continued.

Rubbish! these are the markets that want growth (to collect their tithe)!
We do not need more stringent rules, we are not all robots, or Germans, we are not all exporters.
We need a dream, a new social contract, something other than consumerism (which would suit Germany well) and another means of organizing our exchange than money-debt.

She makes the beautiful Merkel to save her loaves in the next election, but in reality, all she wants is the reverse of what she says. Just read between the lines.

[dedeleco]

We will laugh more with the bankruptcy of states!

Retirees will point to unemployment (bankruptcy pension funds or distribution), to work by force, as already in the US (special envoy last week)!
Bankruptcies will multiply with the explosion of interest rates (see Greece), and inflation that follows!
The unemployed will argue the rare job for peasants, like the Chinese !!
Like all, I did not believe it, because I should have bought gold bars 3 years ago, to make me steal it !!!

[Pascal HA PHAM]

Edifying description in this article of the components of the crisis ..... some of which are being deployed (particularly point 11!)

http://tempsreel.nouvelobs.com/actualit ... ecque.html

Hmm .... let's hang on to the explanation provided on this awful syndrome / bad dream!
A+

[dedeleco]

this awful syndrome / bad dream!

Unfortunately we can't wake up to get out of the nightmare !!!
Because it is real, announced, and we all are going to helmet, willingly or by force !!!

these are the markets that want

The markets are all of us, who wants to lend his money knowing that he will never see him again !!!!!!

[sen-no-sen]

Concerning Greece and the following ones (Portugal, Spain ...), an econological solution would be the financing of a large solar production project of the "Eurotrec" type.
This in addition to creating a significant number of jobs in Europe, would also restore confidence in the markets, these countries becoming strongholds for European energy production ... as long as the sun shines!

[gegyx]

I think that as for the vaccination of the H1N1 flu, the government dramatized in order to make us pass to the pan…
No pot, it circulates and common sense to win. His vaccines they had to square them in the butt.

For the crisis, same phenomenon, we dramatize, and we will harden the screw even more than in Greece, to remain so-called in the top of the class.
I am not saying that the crisis is not there (as for the aforementioned virus), it seems more serious.

But it was already serious before the election of our huckster. But only her team ignored her and then badly degraded her (I'm talking about the debt).

There to fulfill his contract (or to save face for the more moderate), he will tighten our belt, to make a five-year average which could then seem acceptable ...

But the debt, you all agree it's pipo.

Take note, a Greek finance man said that the fact that the commercial dealings are done in cash without invoicing, was responsible for an annual loss of income of 20 billion which made their debt of 300 billion.

But then in France? Where financial controls and monitoring of treasuries has always been done and in a meticulous way, should there be no debt?

Above all, we know rigor since Raymond Barre ... Retirement at 53 we have never known, neither the 14th and 15th months. Ditto for retirees.
So our famous debt, where does it come from ???????
Are there any who would shamelessly tap the cash register? Without our knowledge ? Highly placed political figures?
No, we dare not believe it ...

Some believed in a future improvement in purchasing power, they were disillusioned. It is the opposite that has happened (Euro currency, crisis, precariousness due to the doctrinaire of liberalism, laws to help the rich rather and impoverish the masses.

And now we're going to serve them a dish of rigor and retirement, and a sweet and sour future?
While those responsible continue to eat each other.

People don't believe it, at the official sales pitch.
As with the media coverage of the vaccine, they no longer believe in it. But on this one, it no longer makes them laugh…

They will be exasperated against these situations or these lies fabricated.

And it will not pass.

Good claims would be to hold them to account, right now, before any other consideration.

Long live the Greek people!

http://tempsreel.nouvelobs.com/actualit ... grece.html