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European Politico-economics QA Mega-thread - Page 188

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Although this thread does not function under the same strict guidelines as the USPMT, it is still a general practice on TL to provide a source with an explanation on why it is relevant and what purpose it adds to the discussion. Failure to do so will result in a mod action.
Gorsameth
Profile Joined April 2010
Netherlands22352 Posts
July 11 2015 20:59 GMT
#3741
BBC is reporting that Finland is likely to vote No to the deal. 85% required to pass so just Finland is not enough.
It ignores such insignificant forces as time, entropy, and death
phantomlancer23
Profile Blog Joined May 2013
733 Posts
July 11 2015 21:01 GMT
#3742
On July 12 2015 05:39 BurningSera wrote:
Show nested quote +
On July 12 2015 04:43 DrCooper wrote:
On July 12 2015 03:43 BurningSera wrote:
that comic ahahaha.

such easy life isn't it, you can keep having money to come in without actually doing anything other than saying 'we made mistakes' and people actually believe you. They shouldn't have passed their 2nd bailout really and now nobody wants to think about if greece failed again in a couple of years. (and they will fail again, god bless eu)

Well to cut them some slack, the ECB and IMF were supposed to inspect and oversee the changes/reforms that were supposed to be made in Greece and didn't do a good job on that.

Europe is not ready for a common currency, nor does it really want to be. Every country has their own monetary/fiscal policy, which would be ok if we had a transfer union. However a transfer union does not exist, nor will it ever (in the eurozone).

Greece lacks the investment opportunities. Mario Draghi is desperately trying to get people to invest in greece with subsidies and a low interest rate, but Greece has no companies worth investing in. Banks, 2 Oil companies and private sports betting suppliers. Not exactly promising.


From what i understand is that Greece has a strong attitude that they didn't let ECB/IMF get into their government/management at all (or very limited anyway), i thought that would be the focus point in this 3rd bailout? I mean look at Ireland, troika must have literally stormed into the central government and fixed/changed all the shitty policies from the ground, not sure what exactly happened back in that 2-3 years but ireland did listen and made changes accordingly; unlike Greece, which in my head they are a bunch of barbarians who are full of themselves and stubborn (and lazy).

I was in athens back then and some locals i spoke with surprised me about many of them basically work half day (9am-2/3pm) and nobody actually paying tax in the country (and some people do that for decades). I don't believe that is entirely true but it is shocking to see how a nation functions like that (or anywhere near that). It is also obvious that the nation spent their bailout money to continue their luxury lifestyle rather than actually cut down their spendings etc (like every other eu countries since 2010).

The worst thing is that even when the greeks are in this deep hell hole, i bet they still manage to get more money to live per month than most of the people in eastern/baltic countries. No country should get into this kind of deep hole in the first place, and i definitely don't agree on greece lacking investment opportunities, i was in thessaloniki too and god look at those rich landlords lol.

I know my post is rather personal (because i honestly don't know much about them), for all i care they should start selling their temples etc just to get their shit sorted. Many people (including me) in west europe were fucked so hard by the recession in the past couple of years and you really don't see people spend/live their lives like the greeks in the past 5 years.

+ Show Spoiler +
some quick search to confirm i am not too far off from the way i see greeks, this made me laugh:
http://www.breitbart.com/national-security/2015/06/23/is-anyone-honestly-surprised-that-greeks-dont-pay-their-debts/

Lol crearly you got inferiority complex and you envy greeks.Probably you are a fat or bald tourist who rejected a lot in GREECE.


User was temp banned for this post.
BurningSera
Profile Blog Joined September 2010
Ireland19621 Posts
Last Edited: 2015-07-11 21:09:49
July 11 2015 21:05 GMT
#3743
On July 12 2015 06:01 phantomlancer23 wrote:
Show nested quote +
On July 12 2015 05:39 BurningSera wrote:
On July 12 2015 04:43 DrCooper wrote:
On July 12 2015 03:43 BurningSera wrote:
that comic ahahaha.

such easy life isn't it, you can keep having money to come in without actually doing anything other than saying 'we made mistakes' and people actually believe you. They shouldn't have passed their 2nd bailout really and now nobody wants to think about if greece failed again in a couple of years. (and they will fail again, god bless eu)

Well to cut them some slack, the ECB and IMF were supposed to inspect and oversee the changes/reforms that were supposed to be made in Greece and didn't do a good job on that.

Europe is not ready for a common currency, nor does it really want to be. Every country has their own monetary/fiscal policy, which would be ok if we had a transfer union. However a transfer union does not exist, nor will it ever (in the eurozone).

Greece lacks the investment opportunities. Mario Draghi is desperately trying to get people to invest in greece with subsidies and a low interest rate, but Greece has no companies worth investing in. Banks, 2 Oil companies and private sports betting suppliers. Not exactly promising.


From what i understand is that Greece has a strong attitude that they didn't let ECB/IMF get into their government/management at all (or very limited anyway), i thought that would be the focus point in this 3rd bailout? I mean look at Ireland, troika must have literally stormed into the central government and fixed/changed all the shitty policies from the ground, not sure what exactly happened back in that 2-3 years but ireland did listen and made changes accordingly; unlike Greece, which in my head they are a bunch of barbarians who are full of themselves and stubborn (and lazy).

I was in athens back then and some locals i spoke with surprised me about many of them basically work half day (9am-2/3pm) and nobody actually paying tax in the country (and some people do that for decades). I don't believe that is entirely true but it is shocking to see how a nation functions like that (or anywhere near that). It is also obvious that the nation spent their bailout money to continue their luxury lifestyle rather than actually cut down their spendings etc (like every other eu countries since 2010).

The worst thing is that even when the greeks are in this deep hell hole, i bet they still manage to get more money to live per month than most of the people in eastern/baltic countries. No country should get into this kind of deep hole in the first place, and i definitely don't agree on greece lacking investment opportunities, i was in thessaloniki too and god look at those rich landlords lol.

I know my post is rather personal (because i honestly don't know much about them), for all i care they should start selling their temples etc just to get their shit sorted. Many people (including me) in west europe were fucked so hard by the recession in the past couple of years and you really don't see people spend/live their lives like the greeks in the past 5 years.

+ Show Spoiler +
some quick search to confirm i am not too far off from the way i see greeks, this made me laugh:
http://www.breitbart.com/national-security/2015/06/23/is-anyone-honestly-surprised-that-greeks-dont-pay-their-debts/

Lol crearly you got inferiority complex and you envy greeks.Probably you are a fat or bald tourist who rejected a lot in GREECE.


I did repeatedly say that it is my limited experience, please no hate and it is obviously a generalization (there are good and bad people in every nation, i thought it is obvious enough). And no i have no problem whatsoever of myself because i got my shit together eventhough i am not some millionaire (and i am fit as fuck lol). And your attitude there made me shake my head.

and also, i made my comment after i read this so at the very least be civil here:
http://cadtm.org/Executive-Summary-of-the-report
is 2017, stop being lame, fuck's sakes. 'Can't wait for the rise of the cakes and humanity's last stand tbqh.'
Integra
Profile Blog Joined January 2008
Sweden5626 Posts
Last Edited: 2015-07-11 21:24:04
July 11 2015 21:23 GMT
#3744
On July 12 2015 05:59 Gorsameth wrote:
BBC is reporting that Finland is likely to vote No to the deal. 85% required to pass so just Finland is not enough.

I doubt this is much more than just a last formal complaint from the lesser members of EU (read lesser members as in not really having much overall power in EU) and this is the only thing they really can do to address their unhappiness before accepting the deal during the actual meeting. If they actually thought they had something that would impact the actual meeting they would probably voice it there and not during the stage which is just a preparing phase before doing the actual discussions.
"Dark Pleasure" | | I survived the Locust war of May 3, 2014
Gorsameth
Profile Joined April 2010
Netherlands22352 Posts
July 11 2015 21:25 GMT
#3745
On July 12 2015 06:23 Integra wrote:
Show nested quote +
On July 12 2015 05:59 Gorsameth wrote:
BBC is reporting that Finland is likely to vote No to the deal. 85% required to pass so just Finland is not enough.

I doubt this is much more than just a last formal complaint from the lesser members of EU (read lesser members as in not really having much overall power in EU) and this is the only thing they really can do to address their unhappiness before accepting the deal during the actual meeting. If they actually thought they had something that would impact the actual meeting they would probably voice it there and not during the stage which is just a preparing phase before doing the actual discussions.

its certainly easier to say No when it has no actual effect. It becomes more serious if other countries join them tho.
It ignores such insignificant forces as time, entropy, and death
warding
Profile Joined August 2005
Portugal2395 Posts
Last Edited: 2015-07-11 22:16:00
July 11 2015 22:12 GMT
#3746
According to the OECD, the average Greek works 2 042 hours per year. Compare that to the UK (1 677), Germany (1 371) or Finland (1 645). Greece is, by some margin, the country with the highest avg in the EU. This depiction of the Greeks as lazy based on anecdotal evidence is unfair.

https://stats.oecd.org/Index.aspx?DataSetCode=ANHRS

EDIT: In fact, having lived in the UK and Denmark and having visited Germany extensively, I'm always surprised by how early shops close, how short workdays are and how long paid holiday leave is in northern Europe.
Nyxisto
Profile Joined August 2010
Germany6287 Posts
Last Edited: 2015-07-11 22:14:06
July 11 2015 22:13 GMT
#3747
Is this adjusted for part-time work and unemployment? That would obviously drag the numbers hugely down for countries that have more liberal labour markets.
Gorsameth
Profile Joined April 2010
Netherlands22352 Posts
July 11 2015 22:19 GMT
#3748
On July 12 2015 07:12 warding wrote:
According to the OECD, the average Greek works 2 042 hours per year. Compare that to the UK (1 677), Germany (1 371) or Finland (1 645). Greece is, by some margin, the country with the highest avg in the EU. This depiction of the Greeks as lazy based on anecdotal evidence is unfair.

https://stats.oecd.org/Index.aspx?DataSetCode=ANHRS

EDIT: In fact, having lived in the UK and Denmark and having visited Germany extensively, I'm always surprised by how early shops close, how short workdays are and how long paid holiday leave is in northern Europe.

Hours worked is not a very useful statistic. Productivity is normally used instead.

(not saying they are doing bad in productivity. I haven't checked)
It ignores such insignificant forces as time, entropy, and death
Hryul
Profile Blog Joined March 2011
Austria2609 Posts
July 11 2015 22:23 GMT
#3749
it also smells like dishonest answers: with roughly 250 workdays, this means that every Greek works for 2 000/250 = 8 hrs/day.
which either means, that they all never go on vacation or they work overtime a lot.
and they have no housewives or part-time workers.
Countdown to victory: 1 200!
warding
Profile Joined August 2005
Portugal2395 Posts
Last Edited: 2015-07-11 22:28:02
July 11 2015 22:25 GMT
#3750
Normally used for what? Not as a way to identify which nations are lazy. If you look at productivity you'll simply find that workers in richer countries are more productive - simply because they tend to work in more capital intensive and value-creating industries.

EDIT: You can set those stats to look at only dependent employment. Greece still comes out on top of all western european countries. You can also check other stats like % of dependent workers (Men, 25-54yo) who work more than 40 hours per week (Greece: 86.1%, Germany: 67.7%, Netherlands: 54.6%).
Chocolate
Profile Blog Joined December 2010
United States2350 Posts
July 11 2015 22:28 GMT
#3751
when I was in Greece one of my tour guides told us that many Greek people take a long break from work in the middle of the day

Not sure how accurate that is, but perhaps that is being counted in the data?

I do know that it sure seemed like there weren't many people working and so it's surprising to see those numbers. The busiest place in every town was the cafe that all the pensioners went to
Gorsameth
Profile Joined April 2010
Netherlands22352 Posts
July 11 2015 22:28 GMT
#3752
On July 12 2015 07:25 warding wrote:
Normally used for what? Not as a way to identify which nations are lazy. If you look at productivity you'll simply find that workers in richer countries are more productive - simply because they tend to work in more capital intensive and value-creating industries.

Someone sits in an office 12 hours a day, 5 days a week.
During this time he mostly browses Reddit and gets no real work done.

Does he work long? Yes
Is he productive? No
Is he lazy? Most would say yes.

It ignores such insignificant forces as time, entropy, and death
Kenpark
Profile Joined March 2012
Germany2350 Posts
July 11 2015 22:30 GMT
#3753
On July 12 2015 07:19 Gorsameth wrote:
Show nested quote +
On July 12 2015 07:12 warding wrote:
According to the OECD, the average Greek works 2 042 hours per year. Compare that to the UK (1 677), Germany (1 371) or Finland (1 645). Greece is, by some margin, the country with the highest avg in the EU. This depiction of the Greeks as lazy based on anecdotal evidence is unfair.

https://stats.oecd.org/Index.aspx?DataSetCode=ANHRS

EDIT: In fact, having lived in the UK and Denmark and having visited Germany extensively, I'm always surprised by how early shops close, how short workdays are and how long paid holiday leave is in northern Europe.

Hours worked is not a very useful statistic. Productivity is normally used instead.

(not saying they are doing bad in productivity. I haven't checked)


They are doing very bad in productivity and thats one of the main problems why they are not competitive. I feel with the smaller countries too. In some of these states the median wage is under the minimum wage in Greece. And these people now have to pay for all that shit that is going on in greece.
Just google corruption in greece for some hillarious stories whats going on there.
warding
Profile Joined August 2005
Portugal2395 Posts
Last Edited: 2015-07-11 22:45:24
July 11 2015 22:40 GMT
#3754
Here's another one for the work-ethic-moralists:
+ Show Spoiler +
[image loading]


On July 12 2015 07:28 Gorsameth wrote:
Show nested quote +
On July 12 2015 07:25 warding wrote:
Normally used for what? Not as a way to identify which nations are lazy. If you look at productivity you'll simply find that workers in richer countries are more productive - simply because they tend to work in more capital intensive and value-creating industries.

Someone sits in an office 12 hours a day, 5 days a week.
During this time he mostly browses Reddit and gets no real work done.

Does he work long? Yes
Is he productive? No
Is he lazy? Most would say yes.


Where's the evidence that less effort per hour worked is the case in Greece vs the Netherlands?
Dangermousecatdog
Profile Joined December 2010
United Kingdom7084 Posts
July 11 2015 22:44 GMT
#3755
This hours work/productivity comparisons isn't fair on the Greek peoples. To be sure, there are lazy greeks who do nothing all day and get paid handsomely for it. Those work in the public sector. They are the ones who have benefited the most from the policies of the Greek government. However, lets remember that there are many Greeks that do work long hours, and work hard. Unfortunately they work in the private sector.
Hryul
Profile Blog Joined March 2011
Austria2609 Posts
July 11 2015 22:45 GMT
#3756
you can throw around numbers all the way you want, but it doesnt change the fact that they are simply unbelievable. again: with these numbers every worker in greece must work at least 8 hrs/day every day that isn't sat/sun and never go on vacation.
Countdown to victory: 1 200!
Integra
Profile Blog Joined January 2008
Sweden5626 Posts
July 11 2015 22:45 GMT
#3757
Keep in mind that it's not the average Greek worker that caused the crisis.
The Greeks has always been hard working people, all the borrowing and other craziness came mostly from the super rich and was intended for the super rich only and the average Greek actually got very little from that.
"Dark Pleasure" | | I survived the Locust war of May 3, 2014
Gorsameth
Profile Joined April 2010
Netherlands22352 Posts
July 11 2015 22:46 GMT
#3758
On July 12 2015 07:40 warding wrote:
Here's another one for the work-ethic-moralists:
+ Show Spoiler +
[image loading]


Show nested quote +
On July 12 2015 07:28 Gorsameth wrote:
On July 12 2015 07:25 warding wrote:
Normally used for what? Not as a way to identify which nations are lazy. If you look at productivity you'll simply find that workers in richer countries are more productive - simply because they tend to work in more capital intensive and value-creating industries.

Someone sits in an office 12 hours a day, 5 days a week.
During this time he mostly browses Reddit and gets no real work done.

Does he work long? Yes
Is he productive? No
Is he lazy? Most would say yes.


Where's the evidence that less effort per hour worked is the case in Greece vs the Netherlands?

Read up, I said I didn't know if Greece had low productivity. I just commented that your use of hours worked is mostly pointless.
It ignores such insignificant forces as time, entropy, and death
warding
Profile Joined August 2005
Portugal2395 Posts
July 11 2015 22:58 GMT
#3759
It's only pointless if there are veritable disparities in effort-per-hour between countries, which is what you must be implying. What other measure do you prefer, average yearly liters of blood sweat and tears per working age adult?

I don't find the numbers unbelievable considering the much larger share of small businesses (mom-and-pops in mom-and-pop shops work long hours), tourism industry (long hours there too) and the fact that productivity is low, therefore the incentive/need to work more. Greeks also get 26 total days of holidays vs 29-33 in Germany and 30 in the Netherlands.
xM(Z
Profile Joined November 2006
Romania5299 Posts
July 12 2015 00:19 GMT
#3760
people beating the hours worked issue are stuck in 1990's Greece.
And my fury stands ready. I bring all your plans to nought. My bleak heart beats steady. 'Tis you whom I have sought.
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