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ECB and Inflation

Started by The Minsky Moment, November 06, 2013, 02:06:33 PM

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Admiral Yi

The wheelchair euro Nazis holding a gun to the head of the IMF?  That doesn't make sense.

celedhring

Quote from: Admiral Yi on June 25, 2015, 08:32:35 AM
The wheelchair euro Nazis holding a gun to the head of the IMF?  That doesn't make sense.

"kyb hellas" led me to this place: http://www.kyb-hellas.gr/  :hmm:

Syt

Quote from: Admiral Yi on June 25, 2015, 08:32:35 AM
The wheelchair euro Nazis holding a gun to the head of the IMF?  That doesn't make sense.

The guy in the wheelchair is the German finance minister, Wolfgang Schäuble (he's been in a chair since early 90s, after an attempt on his life severed his spine).

I am, somehow, less interested in the weight and convolutions of Einstein's brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops.
—Stephen Jay Gould

Proud owner of 42 Zoupa Points.

Admiral Yi


Zanza

One of the points of contention was apparently whether Greece's corporate tax rate should be 28% or 29%. It makes me wonder whether the negotiators have completely lost sight of what is at stake here and what needs to be done to resolve the Greek crisis. Obviously a one percentage point difference in tax rate is not going to make much of a difference.

PJL

Quote from: Zanza on June 25, 2015, 12:51:05 PM
One of the points of contention was apparently whether Greece's corporate tax rate should be 28% or 29%. It makes me wonder whether the negotiators have completely lost sight of what is at stake here and what needs to be done to resolve the Greek crisis. Obviously a one percentage point difference in tax rate is not going to make much of a difference.

I think it's more likely that at least some of the institutions now want Greece out. This feels different to the other deadlines that we've had. I actually now think it's probable that Greece will leave the Euro by the end of the month.

Monoriu

Quote from: PJL on June 25, 2015, 12:56:33 PM
Quote from: Zanza on June 25, 2015, 12:51:05 PM
One of the points of contention was apparently whether Greece's corporate tax rate should be 28% or 29%. It makes me wonder whether the negotiators have completely lost sight of what is at stake here and what needs to be done to resolve the Greek crisis. Obviously a one percentage point difference in tax rate is not going to make much of a difference.

I think it's more likely that at least some of the institutions now want Greece out. This feels different to the other deadlines that we've had. I actually now think it's probable that Greece will leave the Euro by the end of the month.

It works both ways.  If your country is in such deep trouble and you don't want to yield on such a minor point, that means you don't really care if you receive help.  You want out. 

Crazy_Ivan80

#517
Quote from: Zanza on June 25, 2015, 12:51:05 PM
One of the points of contention was apparently whether Greece's corporate tax rate should be 28% or 29%. It makes me wonder whether the negotiators have completely lost sight of what is at stake here and what needs to be done to resolve the Greek crisis. Obviously a one percentage point difference in tax rate is not going to make much of a difference.

since the Greek state is incapable or/and unwilling to properly collect taxes to fund its follies discussing about taxrate isn't going to matter anyway. And I doubt the various governments of the eurozone have the political mandate to spend more of  their taxpayers' cash to finance greece in perpetuum. "Let the communists get their money on the market, see how well it goes" has become a very common sentiment.

The Brain

At this point no sane person wants to keep Greece in the EU.
Women want me. Men want to be with me.

Zanza

Greece wants to hold a referendum on the latest proposal. Eurogroup recinds offer.
Grexit seems imminent now.

Iormlund

Quote from: Syt on June 25, 2015, 08:43:13 AM
Quote from: Admiral Yi on June 25, 2015, 08:32:35 AM
The wheelchair euro Nazis holding a gun to the head of the IMF?  That doesn't make sense.

The guy in the wheelchair is the German finance minister, Wolfgang Schäuble (he's been in a chair since early 90s, after an attempt on his life severed his spine).



Also the author of one of the funniest quotes in this whole debacle:

Quote from: Deranged lunatic
"The crisis has shown that one must act quickly and that Europe can act quickly... the notion that we would not be capable of reacting in the short term to something unforeseen is false."

Since he said that I was laid off, spent months on the dole, got a job, switched employers and even moved to another country. And we're still not done with this shit. That's how quickly Europe can react.

Razgovory

Why not just pay their tab, then send them out the door?
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Crazy_Ivan80

Quote from: Razgovory on June 27, 2015, 03:21:40 PM
Why not just pay their tab, then send them out the door?
because they'll just run up another tab and come begging again. It something people generally don't appreciate.

Syt

Bavarian minister president has called the Greek government and its conduct in the affair a circus.

The director of famous Circus Roncalli has protested, saying it's disrespectful, considering that a properly run circus thrives on precision and honesty. Additionally, his circus is not reliant on hand outs or subsidies.
I am, somehow, less interested in the weight and convolutions of Einstein's brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops.
—Stephen Jay Gould

Proud owner of 42 Zoupa Points.

Admiral Yi

Quote from: Razgovory on June 27, 2015, 03:21:40 PM
Why not just pay their tab, then send them out the door?

I believe there is no legal mechanism for evicting a country from the eurozone or EU.