EJ & Adu: Paok - Aris (Playoffs) 5/2 21:15 Greek/14:15 ET

Discussion in 'Yanks Abroad Gameday' started by nick_3f, Apr 30, 2010.

  1. nick_3f

    nick_3f Moderator
    Staff Member

    Jan 10, 2010
    Thessaloniki
    Club:
    Aris Saloniki
    Nat'l Team:
    Greece
  2. Bolivianfuego

    Bolivianfuego Your favorite Bolivian

    Apr 12, 2004
    Fairfax, Va
    Club:
    Bolivar La Paz
    Nat'l Team:
    Bolivia
    Whats the story behind that? I heard some stuff is going on in greece, care to elaborate for us that dont have any idea lol
     
  3. superdave

    superdave BigSoccer Yellow Card

    Jul 14, 1999
    Raleigh
    Club:
    DC United
    Nat'l Team:
    United States
    Goldman Sachs is involved. No joke.

    Basically, the gvt. might default. Because Greece is part of the EU, they're on the Euro, so they can't just devalue their currency. The EU is acting to bail out Greece, but really, they're bailing out the banks (mostly French and German) that loaned money to Greece's federal gvt. Sort of like our government bailed out AIG in part by bailing out the companies that had insurance policies with AIG. The EU is demanding pretty strict austerity measures from Greece.
     
  4. Bolivianfuego

    Bolivianfuego Your favorite Bolivian

    Apr 12, 2004
    Fairfax, Va
    Club:
    Bolivar La Paz
    Nat'l Team:
    Bolivia
  5. iad_22201

    iad_22201 Member+

    Jan 2, 2009
    Washington, DC
    Club:
    Fulham FC
    Nat'l Team:
    United States
    "Austerity measures" mean big, big cuts in gov't. Civil servants are going to strike for 48 hrs in protest (starting Tuesday). From what I've read other unions (which are fairly influential in Greece) are planning marches in Athens this week. Airports/ferry/train services will be severely disrupted.
     
  6. Hed7181

    Hed7181 Member

    Jul 1, 2003
    VA Beach, VA
    Club:
    New England Revolution
    Nat'l Team:
    United States
    I'm sorry, but this is bullshit. Calling out Goldman Sachs in this is like blaming the victim in an assault. Or for a more apples to apples comparison, it would be akin to blaming Japan or China if for some reason the US borrowed itself into bankruptcy.

    The Greek government got themselves into this trouble by borrowing way too much money, pumping up their social welfare programs and then failing to pay for it. While it is true, banks are the ones that purchased much the greek debt, so did a lot of other countries.

    Now, the EU has been forced to lend a further 145 billion euros just to get Greece through the month. The austerity measures are a must if the country is to avoid bankruptcy. Of course, the workers are going to be pissed. I do feel for the Greek people. Their government has royally screwed them over, but at this stage, what else is there to do? With a retirement age of 53 and guaranteed pension, just as one example, it's no wonder the country can't afford itself. Maybe our Greek friends can help us understand more of what is being said there, but this is what's being reported.

    Sorry about dragging this further of track. Luckily this thread is all but over anyway.
     
  7. Bolivianfuego

    Bolivianfuego Your favorite Bolivian

    Apr 12, 2004
    Fairfax, Va
    Club:
    Bolivar La Paz
    Nat'l Team:
    Bolivia
    Bring back the king!!!!!!!!!!!! Lol
     
  8. Blustar

    Blustar Member

    May 30, 2006
    Club:
    Miami FC
    Nat'l Team:
    United States
    Sad to hear of Greece's problems, hopefully you guys can pull out of this sooner rather than later...:(
     
  9. Kalamaria

    Kalamaria New Member

    Jan 1, 2010
    Thessaloniki
    Club:
    Aris Saloniki
    Nat'l Team:
    Greece
    Well, basicly it's the worldwide economic crisis combined with the clowns who claim to be politicians (this goverment and the previous one). They knew that this was coming, but they didn't give a ******** untill it got really bad (very typical of them). Now they increase the taxes (petrol/gas costs almost twice than it used to be), raise the retirement age, reduce the wages in public services and stuff. And all they do is blame tax evasion (like if the ministry of economy wasn't corrupt) and blame others instead of admitting that they made this mess. Seriously if you could listen them they'd make no sense. Anyway, what has to be done will be done, hopefully that won't last long.
     
  10. smokarz

    smokarz Member+

    Aug 9, 2006
    Hartford, CT
    well, let's look at this this way: you guys still got Aris FC and futbol. lol
     
  11. wz187

    wz187 Member

    Aug 30, 2006
    There are EU debt limits and Goldman Sachs helped Greece hide their debt, allowing them to get into such a bad situation. The hiding of the debt was through the use of derivatives and other devices. That is how I heard they were involved.
     
  12. Bruce S

    Bruce S Member+

    Sep 10, 1999
    It is kind of simple: Greek tax returns show 324 swimming pools reported in the Athens suburbs. Satellite photos show more than 16,000 swimming pools. "Nuff said.
     
  13. trip76

    trip76 Member

    Jul 17, 2007
    North East USA
    did you seriously paint goldman sachs as a victim on any level in this global financial cluster ******** they profited off of? seriously?
     
  14. sidefootsitter

    sidefootsitter Member+

    Oct 14, 2004
  15. smokarz

    smokarz Member+

    Aug 9, 2006
    Hartford, CT
    goldman sachs time is over.

    the have the FED coming for their heads. not to mention the EU, shareholders, and investors.

    they're gonna be executed as a sacrificial lamb.
     
  16. Bolo

    Bolo New Member

    Jan 16, 2007
    Completely off topic, I apologize.

    I have no problem with Goldman being the market maker and selling exotic financial instruments, none at all.

    My big issue with Goldman isn't the interplay between their clients, some taking long or short positions against the housing products, it's the pseudo insider (perhaps not illegal but immoral) trading what went on internally.

    Actively pushing client to take long positions on products they designed to fail while taking a short position with company money on the same products.

    The market maker, like a bookie should be making money on the "juice", not by trying to sell positions opposite their own without disclosure.

    This will change, if a market maker has a financial position in a product they are selling they will be required to disclose that interest going forward and that only makes sense.
     
  17. nick_3f

    nick_3f Moderator
    Staff Member

    Jan 10, 2010
    Thessaloniki
    Club:
    Aris Saloniki
    Nat'l Team:
    Greece
    3 dead people from the strike today :(
    Greece is all over the world news.
     

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