| QUOTE (LOS MAGANDOS @ March 10, 2009 01:34 pm) |
I didnt say it started there, im saying Icelandic banks and Government for years acted irresponsibly and outragously. So much so that the British government had to use antiterror legislation to freeze the banks assets this year !!!! you are gonna let a country in the EU that Bankrupted itself like that?? Thats responsible. Actually it would befit the EU.. they did afterall let a country in that was divided, another that is so corrupt it makes Zimbabwe look good, and as Piyade said a bunch of Gypsies that have only just learnt to spell democracy. |
| QUOTE |
| Kemal Dervis says he always planned to go home to Turkey. The 52-year-old economist envisioned a genteel retirement from his longtime post at the World Bank in Washington. But his homecoming has been abrupt--and anything but leisurely. In February, his old friend Prime Minister Bulent Ecevit called: The lira had plunged after a political crisis. Days later, he named Dervis Economy Minister. The crisis was Turkey's worst in decades. Its banks had borrowed billions of dollars at low rates, converted them to lira, and bought high-yielding Turkish government T-bills. The strategy worked until the lira lost 40% of its value in a few days. Interbank interest rates hit 7,000%. Unable to pay their dollar debts, most Turkish banks were technically insolvent. Full article here---> http://www.businessweek.com/magazine/conte...35/b3746074.htm |
| QUOTE |
| A banking system in crisis after the collapse of a housing bubble. An economy hemorrhaging jobs. A market-oriented government struggling to stem the panic. Sound familiar? It does to Sweden. The country was so far in the hole in 1992 — after years of imprudent regulation, short-sighted economic policy and the end of its property boom — that its banking system was, for all practical purposes, insolvent. Full article here---> http://www.nytimes.com/2008/09/23/business...23krona.html?em |
| QUOTE (o prosfigas @ March 10, 2009 02:03 pm) |
| what has changed in Athens? you dont have a clue what you talking about |
| QUOTE (Evropeos @ March 10, 2009 01:32 pm) |
| Remember the economic crash in 2001 in Turkey? Or what about Sweden`s financial crisis in 1992? LosM, if joining the EU was all about how states handel their finances, market regulations, monetary policy...etc then Turkey and Sweden shouldn`t have the right to join the EU either.But it`s much more than that.There are many other EU requirements that needs to be fulfilled. |
| QUOTE (o prosfigas @ March 10, 2009 03:18 pm) |
| new: -airport -suburban railway system -underground -tram -port -cargo port -highways inside city -ring road -a couple of million trees planted -stadiums -etc... also major polluting factories removed , smog is gone traffic is the same but amount of cars had quadruple , new industrial parks have been built and others are building. Athens has completely changed to the better , everyone living in athens and is old enough to remember the city in the 70's will tell you |
| QUOTE (LOS MAGANDOS @ March 10, 2009 06:27 pm) |
Turkey and Sweden, didnt lose over a Billion POUND STERLING of innocent peoples money that had invested from abroad. The British government had to invoke AntiTerror laws to freeze assets !!! ARE you reading this part ??? This is not about just economic crashes, this si about irresponsible behaviour !!! Do you understand how the Credit Crunch happened Evro ? Not trying to be a prick or anything. |
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| Yesterday the lira passed the psychological barrier of 1.80 that many investors had feared and during midday trading was in free fall, surpassing the 1.82 level. This represents a more than 30 percent drop in value over the past six months. Levent Güven, head of currency trading at Türk Ekonomi Bankası, was quoted by Bloomberg yesterday as saying: "We are in uncharted territory, as 1.80 was a psychological point, and volatility will be very high from now on." Full article here---> http://www.todayszaman.com/tz-web/detaylar...tay&link=169146 |
| QUOTE (LOS MAGANDOS @ March 10, 2009 05:28 pm) |
| Wow we did all that without EU money. |
| QUOTE (o prosfigas @ March 10, 2009 03:18 pm) |
| new: -airport -suburban railway system -underground -tram -port -cargo port -highways inside city -ring road -a couple of million trees planted -stadiums -etc... also major polluting factories removed , smog is gone traffic is the same but amount of cars had quadruple , new industrial parks have been built and others are building. Athens has completely changed to the better , everyone living in athens and is old enough to remember the city in the 70's will tell you |
| QUOTE (Piyade3 @ March 10, 2009 10:06 pm) |
| So basically you are saying without EU help you would not have been able to do all those things in the past 20 years??? How did Greece even exist before EU? |

