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Greeks other debts ... 
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after the new bailout has been given there is this little gem
i believe that shortly after march 23rd it could become very worrying for Greece ...


Quote:
GREEK SOVEREIGN GUARANTEED DEBT AMOUNT

The New Economy Development Fund €139,000,000.00

The Hellenic Railway €2,240,000,000.00

Structured Notes (Not counting Floating Rate Notes) €20,683,000,000.00

Athens Urban Transportation €837,000,000.00

Greek Bank Guaranteed Debt €83,314,000,000.00

TOTAL GREEK GUARANTEED. DEBT €107,213,000,000.00

Here is €107 billion of OTHER debt ...


http://www.zerohedge.com/news/greek-%E2 ... la-exposed

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Sun Mar 11, 2012 8:02 am
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MrStevenRogers wrote:
after the new bailout has been given there is this little gem
i believe that shortly after march 23rd it could become very worrying for Greece ...

Quote:
GREEK SOVEREIGN GUARANTEED DEBT AMOUNT
...
Athens Urban Transportation €837,000,000.00


http://www.zerohedge.com/news/greek-%E2 ... la-exposed

Eight Hundred million euros for a public transport system for ONE CITY? Which (you assume) already has at least some sort of public transport system anyway. What were they doing, buying solid gold buses?

Jon


Sun Mar 11, 2012 8:52 am
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jonbwfc wrote:
Eight Hundred million euros for a public transport system for ONE CITY? Which (you assume) already has at least some sort of public transport system anyway. What were they doing, buying solid gold buses?

Jon


That would have been the Olympics.

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Sun Mar 11, 2012 8:58 am
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I think a few things need to happen here.
1) Greece needs to leave the Euro and devalue their currency, that way the cost of visiting/buying thing from Greece will fall, encouraging more trade.
2) They need to implement an PAYE tax system. The amount of tax dodging at the moment is just a massive massive joke.
I'm sure there are other things they need to do and the above suggestions will have major issues attached to them, but I can't see any other way out for them.

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Sun Mar 11, 2012 11:33 pm
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jonbwfc wrote:
Eight Hundred million euros for a public transport system for ONE CITY? Which (you assume) already has at least some sort of public transport system anyway. What were they doing, buying solid gold buses?

Jon


Bus drivers etc are paid a stupidly high amount in Greece. Together with bonuses for things like "turning up to work early" or "checking tickets".
They can earn twice the national average wage.

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Mon Mar 12, 2012 12:27 pm
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l3v1ck wrote:
I think a few things need to happen here.
1) Greece needs to leave the Euro and devalue their currency, that way the cost of visiting/buying thing from Greece will fall, encouraging more trade.
2) They need to implement an PAYE tax system. The amount of tax dodging at the moment is just a massive massive joke.
I'm sure there are other things they need to do and the above suggestions will have major issues attached to them, but I can't see any other way out for them.


i think a few things will happen very shortly
the bail out money to Greece will be used to pay back French and German banks which are holding a lot Greece's debt
Greece has been fleeced and the ECB, French and German banks walk away clean(ish) ...

in other news
Athens alone has just refinanced, of a sorts, more then €14 billion (that's right 'billion') of debt

the hole just keeps getting deeper and deeper ...

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Mon Mar 12, 2012 1:09 pm
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saspro wrote:
jonbwfc wrote:
Eight Hundred million euros for a public transport system for ONE CITY? Which (you assume) already has at least some sort of public transport system anyway. What were they doing, buying solid gold buses?

Jon


Bus drivers etc are paid a stupidly high amount in Greece. Together with bonuses for things like "turning up to work early" or "checking tickets".
They can earn twice the national average wage.

It was said that it would have been cheaper to send all of their passengers by taxi and ahve no railway than actulally pay for the railway


Quote:
"Take the Greek state railway. It was losing a billion euros a year," Ms Xafa remembers.

"The Greek railway had more employees than passengers. A former minister, Stefanos Manos, had said publicly at the time that it would be cheaper to send everyone by taxi.


:lol:
http://www.bbc.co.uk/news/world-europe-16834815

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Mon Mar 12, 2012 1:13 pm
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