By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Politics Discussion - Greece Defaults. What now?

I know it's going to have some negative effects on economies of European nations... but I still kinda want Greece to finally fall.

1) They voted in a radical left govenment they know will make negotiations with the EU harder.
2) TThey have the highest social spending in the EU and they still have the audacity to tell us that cutting back on this is unacceptable.
3) Their government keeps demanding more money despite not doing ANYTHING their benefactors wanted, so even if they get the money, thir economy will crash regardless, justa few months/years down the line.

They don't deserve their second chance. They got themselves into this and we need to show everyone in the EU that the "We threw all our money away, now please give us some of yours" approach will not work.

Let them fall.



Around the Network
mai said:
generic-user-1 said:
mai said:
generic-user-1 said:

the topic changes a bit everytime... 

1. Present situation:europe is energie deficit at the moment because we dont like to drill holes(or more let giant machines eat great chunks of good soil to get coal out of the ground). buying energie from outside is way cheaper and we dont destroy our nature(smart plan).

I thought we were past this fallacy? I'm sorry, I won't bother to comment the rest of the post, nor I do have time for a more serious attempt to critisize smth that is so plainly skewed -- Europe has peaked on ALL major fossil fuels quite some time ago: https://goo.gl/OGJUuW, https://goo.gl/2AvBsf, https://goo.gl/tJRnLg -- translating this into your language: "you've drilled all holes that were possible". Or the word "peaked" is confusing you? Do you need a definition? Well, the meaning is you can't reclaim that back, NO f**king living example somene ever did, only staright line down into olbivion. I'm not saying cover yourself with a shroud and crawl to cemetery, but that's smth worth noting for future planing.

we didnt peaked because its nothing left, we peaked because somebody knocked on the door and offered to sell coal for alot less.

there is no such think as peak oil, we will be all dead because of climate change before we even get close to using all the oil,coal and gas.

the real deal is the price, the 10$ oil is dead, the 25$ oil is dieng, now we have to life with 50-80 dollar oil(drillcost). this cost will climb a little more, till it reaches the point where so many different technologies can turn a  profit that prices will not rise more.

No such thing? Show me your proven and profitable reserves.

Here's to give you a perspective, Greece:

And here's a bunch of debtors waiting in line:

You're witnessing this peak, one by one they are off the balance of the oil world.

Ten little n***er boys went out to dine, one chocked his little self, and there was nine... :D


burning great amounts of oil for energie isnt the cause, its a symptom.



generic-user-1 said:

burning great amounts of oil for energie isnt the cause, its a symptom.

How that relates to my question? What's your reserves you could actually excavate?



mai said:
generic-user-1 said:

burning great amounts of oil for energie isnt the cause, its a symptom.

How that relates to my question? What's your reserves you could actually excavate?

there are no reserves that would turn a profit  at the low prices for oil and coal we have today.  but that would change realy fast if the price would rise sharply or if the markets doesnt want to sell to us anymore. 



generic-user-1 said:
mai said:
generic-user-1 said:

burning great amounts of oil for energie isnt the cause, its a symptom.

How that relates to my question? What's your reserves you could actually excavate?

there are no reserves that would turn a profit  at the low prices for oil and coal we have today.  but that would change realy fast if the price would rise sharply or if the markets doesnt want to sell to us anymore. 

Profitable in terms of energy return. How much that cost in cut paper is completely irrelevant.



Around the Network
mai said:
generic-user-1 said:
mai said:
generic-user-1 said:

burning great amounts of oil for energie isnt the cause, its a symptom.

How that relates to my question? What's your reserves you could actually excavate?

there are no reserves that would turn a profit  at the low prices for oil and coal we have today.  but that would change realy fast if the price would rise sharply or if the markets doesnt want to sell to us anymore. 

Profitable in terms of energy return. How much that cost in cut paper is completely irrelevant.

its very hard to have a negative energie return on coal or oil.  and making gasoline out of coal isnt a problem too.  thats 100 years old tech thats proven to work(and is still used in some parts of the world).



generic-user-1 said:
mai said:
generic-user-1 said:
mai said:
generic-user-1 said:

burning great amounts of oil for energie isnt the cause, its a symptom.

How that relates to my question? What's your reserves you could actually excavate?

there are no reserves that would turn a profit  at the low prices for oil and coal we have today.  but that would change realy fast if the price would rise sharply or if the markets doesnt want to sell to us anymore. 

Profitable in terms of energy return. How much that cost in cut paper is completely irrelevant.

its very hard to have a negative energie return on coal or oil.  and making gasoline out of coal isnt a problem too.  thats 100 years old tech thats proven to work(and is still used in some parts of the world).

You don't need to have it negative, nobody will even bother with EROEI below 3-4 and that's a norm today, how much higher it's going to be when assosiated energy costs will go up, nobody knows. It's death spiral upside down. In terms of tech you're behind the times by a mile, would you have been as smart as you've claimed you'd have acknowledge simple facts: Europe has peaked on all fossil fules, Europe is hopelessly energy deficit, there's only two ways of covering the deficit: either by cutting costs (and given the time that is left the cutting would look more like collapse), or ramping up prodcutions of energies that could replace decline of fossil fuels, like nuclear as the best of options in terms of availability, output and price.



The news:

"The Greek goverment sent the creditors a new proposal for continuing financial help. In this proposal, Athens offer huge concessions, by far the biggest yet, according to Greek media. The country will experience a large tax hit and significant cuts in state expenses."

Well, that's an interesting development... maybe Tsipras was bluffing the whole time? Maybe he isn't comletely incompetent, maybe he just chose the wrong horse and now the entire country will pay for it.



Psychotic said:

I know it's going to have some negative effects on economies of European nations... but I still kinda want Greece to finally fall.

1) They voted in a radical left govenment they know will make negotiations with the EU harder.
2) TThey have the highest social spending in the EU and they still have the audacity to tell us that cutting back on this is unacceptable.
3) Their government keeps demanding more money despite not doing ANYTHING their benefactors wanted, so even if they get the money, thir economy will crash regardless, justa few months/years down the line.

They don't deserve their second chance. They got themselves into this and we need to show everyone in the EU that the "We threw all our money away, now please give us some of yours" approach will not work.

Let them fall.


To be fair, isn't this "as a percentage of GDP"? Which has fallen by over a quarter since the banking crisis.

They didn't "get themselves" into this.. Many in the EU encouraged and pushed for it too. So there is a joint responsibility IMO with that. However they were in the EU regardless of the Euro and I have a problem with the idea of telling anyone "tough tits, you fucked up deal with it" when we're supposedly all in the same club.



RIP Dad 25/11/51 - 13/12/13. You will be missed but never forgotten.

Psychotic said:

I know it's going to have some negative effects on economies of European nations... but I still kinda want Greece to finally fall.

1) They voted in a radical left govenment they know will make negotiations with the EU harder.

"Democracy" in Europe. We don't like your government, FALL.

2) TThey have the highest social spending in the EU and they still have the audacity to tell us that cutting back on this is unacceptable.

Proof or not true. And even if it is, maybe it's necessary, because we have 26% unemployment rate, and a staggering 70% in youth. Should they just die?

3) Their government keeps demanding more money despite not doing ANYTHING their benefactors wanted, so even if they get the money, thir economy will crash regardless, justa few months/years down the line.

Right before Tsipras got elected, all Europe was congratulating Greece (even Mr. Shauble) for the biggest reforms a developed country has ever done in such a little time. We also got from a 15% deficit to a 2% surplus. Try doing that in Germany, Netherlands or any other country; with a 26% loss in GDP.

They don't deserve their second chance. They got themselves into this and we need to show everyone in the EU that the "We threw all our money away, now please give us some of yours" approach will not work.

Let them fall.

The media in your country must be good. They are probably high-fiving each other now.