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hack89

(39,171 posts)

13. Iceland is irrelevant to this discussion

Reply to Gregorian (Reply #11)

Mon Nov 12, 2012, 02:16 PM

Nov 2012

they did not have a debt crisis - they always had money to fund basic government services. Theirs was a domestic banking crises.

And even then they had to implement austerity measures, raise taxes and borrow billions from Europe and the IMF.

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Highlight:

Greek MPs approve hefty budget cuts [View all] dipsydoodle Nov 2012 OP

It is being said that today there is a no-confidence vote occuring; protesters surrounded parliament Fire Walk With Me Nov 2012 #1

We need support rallies for that. Ken Burch Nov 2012 #4

It appears they fully intend to force "austerity" upon us exactly as they've done in Europe. Fire Walk With Me Nov 2012 #7

...and how did these austerity MP's get into office? brooklynite Nov 2012 #19

Some parties, such as the Golden Dawn neo-NAZI party in Greece, take advantage of crisis Fire Walk With Me Nov 2012 #21

By what do you mean "the Greek Citizens"? brooklynite Nov 2012 #22

Stockholm Syndrome mckara Nov 2012 #2

Good God...does Greece have anything LEFT to cut? Ken Burch Nov 2012 #3

Kicked and recced (not because I like this story but for more exposure on the toxicity) riderinthestorm Nov 2012 #5

It's time for Greece to pull a Cee-Lo Green on the ECB, the IMF and the rest of these vultures marmar Nov 2012 #6

They have no money hack89 Nov 2012 #10

What are they going to pay for things with? Baklava? Freddie Stubbs Nov 2012 #14

The underground economy is already emerging there..... marmar Nov 2012 #15

Yes, but the government needs cash to pay for expenses Freddie Stubbs Nov 2012 #16

There is no such thing as underground pensions or salaries though. nt hack89 Nov 2012 #20

The Problem With A Budget Like This DallasNE Nov 2012 #8

Actual measures taken listed here dipsydoodle Nov 2012 #9

Look at Argentina. Look at Iceland. Take your pick. Gregorian Nov 2012 #11

Iceland had a completely different background dipsydoodle Nov 2012 #12

I have been hearing them compared on market shows I listen to. Gregorian Nov 2012 #17

Iceland was caused by the antics of two banks dipsydoodle Nov 2012 #18

Iceland is irrelevant to this discussion hack89 Nov 2012 #13