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dipsydoodle

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12. Greece joined the EU in 1981

Wed Feb 20, 2013, 02:41 PM

Feb 2013

It was loans presented as being currency swaps which GS set up for them which enabled Greece to join the Euro in 2001 - currncy swaps being off balance sheet.

Being in the Euro allowed Greece to issue bonds at lower rates of interest than would have been possible with the Drachma. Problem is that they then went overboard on issuing bonds.

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Greece braces for fresh anti-austerity strike [View all] another_liberal Feb 2013 OP

Its not so much they're committed to austerity as a ruling policy. dipsydoodle Feb 2013 #1

Bankers paying bankers . . . another_liberal Feb 2013 #2

I couldn't agree more dipsydoodle Feb 2013 #3

Of course they would also default . . . another_liberal Feb 2013 #4

You may have overlooked something dipsydoodle Feb 2013 #5

Argentina's current inflation . . . another_liberal Feb 2013 #10

Invade ? dipsydoodle Feb 2013 #14

If the Greek government says no? another_liberal Feb 2013 #15

'Sovereign governments' aren't as 'sovereign' as they used to be. pampango Feb 2013 #18

Maybe the better off . . . another_liberal Feb 2013 #20

I'll bet this is the strike that stop austerity (as opposed to all of the other ones) Freddie Stubbs Feb 2013 #6

Not sure . . . another_liberal Feb 2013 #8

Greece keeps changing governing coalitions, but each new one pushes austerity Freddie Stubbs Feb 2013 #19

So far, maybe. another_liberal Feb 2013 #21

Wasn't it goldman-sachs that dotymed Feb 2013 #7

Good point. another_liberal Feb 2013 #9

You can find the details here hack89 Feb 2013 #11

Greece joined the EU in 1981 dipsydoodle Feb 2013 #12

Isn't it amazing when repugs proclaim "we don't want to be like louis-t Feb 2013 #13

The wealthy use austerity . . . another_liberal Feb 2013 #16

Kick and rec Kingofalldems Feb 2013 #17