Comments on: Greece is a giant delusional clusterphuck!

By: Top 25 Credit Cards, TSA Rocks, Cliff Diving, Whining Mania - TravelBloggerBuzz

Top 25 Credit Cards, TSA Rocks, Cliff Diving, Whining Mania - TravelBloggerBuzz — Fri, 03 Jun 2016 10:31:26 +0000

[…] I leave you with this…Ok, this is not funny. I have written before about the clusterphuck that is Greece. And this picture pretty much sums it up so nicely. The dude smoking is the Vice Minister of […]

By: Personal Finance Lessons from the Greek Crisis - TravelBloggerBuzz

Personal Finance Lessons from the Greek Crisis - TravelBloggerBuzz — Mon, 30 May 2016 15:13:12 +0000

[…] I will try to answer questions on the subject. I have written more about Greece here and more here. […]

By: A Collection of All Non TBB Buzz Posts in One Place - TravelBloggerBuzz

A Collection of All Non TBB Buzz Posts in One Place - TravelBloggerBuzz — Sun, 03 Apr 2016 11:15:47 +0000

[…] Delta SkyMiles be Renamed SkyShit? Greece is a Giant Delusional Clusterphuck Blogging, MS, Killing Deals, and Stuff What’s Wrong with this Hobby: A Case Study Pump This! […]

By: More on Structuring, American Airlines Upgrade Rules, Kukeri

More on Structuring, American Airlines Upgrade Rules, Kukeri — Fri, 29 Jan 2016 11:45:43 +0000

[…] have written some stuff about Greece back in January 2014 and in July 2015. But this video titled: “The collapse of the last Soviet republic in Europe” puts it […]

By: TravelBloggerBuzz

TravelBloggerBuzz — Thu, 09 Jul 2015 12:34:37 +0000

In reply to TWA44.

I like Stratfor in general. But in regards to Greece they are lacking…a lot! They need to hire a few analysts on the ground. They are as relevant about Greece as…Paul Krugman 🙂

By: TWA44

TWA44 — Wed, 08 Jul 2015 14:06:16 +0000

For those who want more analysis, here’s Stratfor’s take on it:

https://www.stratfor.com/weekly/greek-vote-and-eu-miscalculation?utm_source=freelist-f&utm_medium=email&utm_term=Gweekly&utm_campaign=20150707&utm_content=readmoretext&mc_cid=fe84a80645&mc_eid=64a580e60c

By: TravelBloggerBuzz

TravelBloggerBuzz — Wed, 08 Jul 2015 00:25:19 +0000

In reply to EFS.

Yeah, like I said there are many reasons that got Greece to this place…

Current govt was indeed handed a painful ultimatum today, the jig is up it appears.

By: TravelBloggerBuzz

TravelBloggerBuzz — Wed, 08 Jul 2015 00:22:11 +0000

In reply to smittytabb. I speak my mind :-)

By: EFS

EFS — Tue, 07 Jul 2015 19:38:15 +0000

Pre-Euro Greece was a middle income country with lousy fiscal discipline, and paid 9-12% on their 10 year bond. (Basically junk rates) Once the Euro came banks and creditors were letting them borrow at the same rates as France and Germany. (3-4%) Post-Euro the rates will be junk again. Until the Greeks stop resisting tax compliance like they resisted the Ottomans, those rates will stay.

Yes, historically the government has been very little but a patronage/clientalisitic machine, but it was not this government that lied it’s way into the Euro in the first place Sorry, a good amount of the blame lies some very deep seated cultural norms that accept tax evasion, patronage, and lousy governance.

Jettisoning the Euro and going to a New Drachma will be extremely painful, but when a patient is bleeding to death sometimes you have to staunch the wound and hope that they will recover from the trauma.

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Tue, 07 Jul 2015 18:18:00 +0000

[…] Greece is a giant delusional clusterphuck! […]