Greeks

80% of greek income comes from tourism more people visit greece in year then there is pupulation in greece, yet they somehow managed to be more poor then Baltic states, and way behind Estonia, are greeks lazty cunts or there is onother reason for this?

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wolframalpha.com/input/?i=romania vs greece gdp per capita PPP
en.wikipedia.org/wiki/Thank_God_for_Mississippi
youtube.com/watch?v=odnPlPJsrXs
youtube.com/watch?v=ig8sgY5vRWM
youtube.com/watch?v=-VRsQXDGAoQ
youtube.com/watch?v=YyDFMbVmBMM
youtube.com/watch?v=Zvl9N9GdraQ
twitter.com/AnonBabble

When the EU formed its monetary union (the Euro), this meant that less financially-sound countries like the PIIGS could borrow at an interest rate comparable to Germany's, given that all their debt obligations were effectively collateralized with Germany's strong economy. Several countries started to go on spending sprees, making massive tax breaks coupled with expensive social policies like low retirement ages, ample breaks/time off work, pensions, public spending, etc. They kept running deficits and procrastinated the bill to a later day. Then in 2008, the credit bubble burst and creditors weren't willing to keep lending to the PIIGS, and without money to foot the bills, they turned to Germany for cash. Germany started to negotiate austerity measures and countries like Greece protested because they felt like they were being manipulated by them. Germany just saw the Greeks as lazy and who couldn't keep up their way of life without improving their labour market productivity and cutting out some of these lavish social policies which they can't sustain economically.

The story goes a lot longer, but the gist is that Germany has subordinated many of the smaller European countries to their will, given that they have significant influence over their economies. And cleverly, whether it planned this from the beginning or not (I think they did), Germany has used the PIIGS' economic mismanagement as an excuse to pass "fiscal policies" across the entire continent, basically creating a political union. Their reasoning is that they need to enforce a common set of laws on economic spending policies, and constant judicial implementation of those laws, to make sure that countries don't simply abuse the Euro and spend at a level that the rest of Europe has a say in deciding.

This "fiscal union" shrinks national political power over important topics. For example, EU countries have no control over intra-EU immigration.

Yeah but we did not take in many refugees unlike germany allthough we borowed 1b from EU.

Who to blame though? The irresponsible lender or the irresponsible borrower?

Estonia will soon reach you mate.

In what regard do you mean latvibro?

Economic well being.

2 reasons:
- greeks are indeed a bit lazy, but also have an almost molymeme-grade hatred for taxes.
- jews. As in seriously, that shit is litterally goldman-sachs lending money it shouldn't have lent to greece, and now using germoney as a debt collector.

>hatred for taxes.
Less taxes=Better economic well being for induviduals and small buisnesses.

>are greeks lazty cunts
yes

>Romania

Checked the ratings and we had slightly more recent progress growth, but less than Lithuania. Don't want to sound like a dick though, it's great to have a convergence on that front.

Well we here in Latvia are moast shitiest part of Baltic states, you guys got lucky you didn't live under USSR they fucked our economy like pedophile left alone with children, before then we where ritch state....best in baltics.

>Who to blame though? The irresponsible lender or the irresponsible borrower?
the irresponsible borrower. they are bind by a contract and the borrower didn't fulfill the obligations.

Greeks are lazy. Have you been there?

No

wolframalpha.com/input/?i=romania vs greece gdp per capita PPP
I do admit Romanians are lazy, but far less than the olive niggers.

From 152.7% larger in 1990 to 19.23% larger in 2015.

'Then' is used for time
E.g. I saw your shitty grammar, then I got triggered by it
'Than' is used for comparison
E.g. you're a massive nigger

>Olive niggers

Greeks had it too easy for too long. I went there before the crisis and noticed everyone was too rich to work. They just enjoyed life. But Greece is still richer than all Balkan states combined.

What are you talking about brit?

>But Greece is still richer than all Balkan states combined.
Factualy unacurate.

That it's THAN, not THEN.

Greeks are more deceitful and greedy than the Jews.

Your map is not about poverty, btw.

Economic development

No, WELL BEING, you fucking moron. Just read what it says.

>Someone seems to get a bit triggered

What do you care go back to your fucking country eat eat butter and grass

I prefer the term debtnigger

Actually Greece has much bigger economy then Baltic states by GDP,and before crises that started in 2008 it was multiple times bigger.

>falling for lolbertarian non-sense
go to somalia.

Greece is not more poor then Estonia, where did you get that idea?

Their GDP domestic product is much bigger then Estonian as well as per capita.But they suffered massive economical crises due to Leftist Socialist economics that failed (again)

Do your research.

>eat butter and grass
We are too poor for butter we eat red clay as a side

Humus nigger.

How's it going now though? What's the economy and general life like?

Or the lender who didn't fulfill his obligations by checking the borrower's future solvency and lending him despite clear signals that he will have problems repaying it back? There's a term for that - moral hazard. Why should the banks concern themselves with that if they've got obedient citizens who will bail them out if needed?

Some Greeks are lazy, some work their asses off (even before the crisis- I have never worked less than 60h/week).

I admit that local politics are attrocious. My hope -before the crisis- was that we were moving towards maturity & responsibility as a western nation. I could see that slowly happening, but we did not have the time we needed, unfortunately.

Tax evasion is due to Greeks not trusting their governments. They tax me, and then use MY money to buy off new voters for THEIR interests. This always happened in broad daylight.

Due to our location, there is a lot of influence from more or less every major power here. Germany. USA, Russia, France, Britain, Arabs, you name it. Whenever some politician tried to do something good backed by one of the major powers, the rest of the powers would attack him and destroy him.

And here we are.

Greece is also richer than every Eastern European country. I think only Czech Republic is close in gdp.

>How's it going now though?
Crap buyt it is easirer to find a job
>What's the economy and general life like?
Slowly growing with more people participating and making businesses the issue is finding a market and buyers. Our market is too small, you can't have a niche, so we have our hopes for Russia to change its president.
Selling shit in EU is a clusterfuck of legalities and bureaucracy.

>Tax evasion is due to Greeks not trusting their governments. They tax me, and then use MY money to buy off new voters for THEIR interests. This always happened in broad daylight.
DEBT high five.
>Due to our location, there is a lot of influence from more or less every major power here. Germany. USA, Russia, France, Britain, Arabs, you name it. Whenever some politician tried to do something good backed by one of the major powers, the rest of the powers would attack him and destroy him.
Geographical rape high five.
>Some Greeks are lazy, some work their asses off
Whining beer/vine niggers paradox.

Geting better, one of fastest growing economies in EU, but still a lot of soviet retards in power and coruption is huge, not as bad as russia tough.If you live in places like Riga you are preaty well off, i know one german guy who moved to Riga he said it's preaty okay, but in rural areas it's shit, huge unemployement and poor.Oh also a lot of tourism, for now moast of income comes from tourism and wood exports as well as food exports to china and europe.

We dont eat fuckng humus in Greece you stupid clown clay eating bitch

Doesn't Goldman Sachs basically own their economy?

Poland?

>Selling shit in EU is a clusterfuck of legalities and bureaucracy.
Gotta agree on that.

Kill yourself you Hellenic faggot.
At least learn normal Greek that was used in ancient times not your Nigger slave speech faggot.

wew, but can't the same be said to us tough?
>LEARN A FUCKING DIALECT OF WHAT HISTORICAL REGION YOU ARE FROM NOT THIS SOVIET SHIT DIALECT THAT IS DOMINANT OF VIDZEME!

>Our market is too small, you can't have a niche

When your market is small you have to turn to other countries to sell your produce. And you have a problem with that, more imports than exports. Your government should stimulate competitiveness so they can compete with foreign firms.

Isn't the countryside getting massive subsidies from the EU in regards to infrastructure though?

>VIDZEME
Taisnība,problēma jau ir tajā ka valsts nav noteikusi ka izloksnes jāaizsargā.

good norway

Poland has twice the GDP of Greece

THIS
I am from vidzeme myself but i think it's sad that kurzemian, zemgalian and latgalian dialects are mistreated here.Also before Soviets we had soft R and many other letters, that they destroyed becouse it didn't sound anything like russian.

>Isn't the countryside getting massive subsidies from the EU in regards to infrastructure though?
No, moast of money is going to Riga, they don't care about countryside we have massive cporuption here, they are taking a lot of % of gibs from EU.

>Isn't the countryside getting massive subsidies from the EU in regards to infrastructure though?
It is and they are still struggling here for companies it is cheaper to buy wheat from Lithuania.
It is because taxes and I will get in too deep discussion.
> Your government should stimulate competitiveness so they can compete with foreign firms.
You are completely correct my South Slav bro.
There mus be competitiveness but the issue is our old ex-commie leaders are more interested in giving funding to some shit theaters and add money to their pays.
I really am getting sick that people here aren't protesting I'd say 70% of our male population are beer niggers with no critical thinking and ability to discuss important political topics.

You mean Oily Norway.

Few more years and we'll get to say Thank God for Greece unironically

By the way source on the pic, please.

Explain Mariusz.

Because half of the population of latvia lives in riga. And centralization of power is the cause of corruption - said by my history teacher

en.wikipedia.org/wiki/Thank_God_for_Mississippi

Per capita Greece is higher. Greece is only 11 million. Poland is how many?

I don't think the politicians have any say where the EU money goes though, if a region applies the money has to go there or else.

But you have to understand that talk of corruption is persistent everywhere. Not a week goes by that you don't hear about some shady shit going down here, Croatia is the same with its agricultural merchandise abomination going down, Austria is the same, I imagine the exact same accusations are thrown all across Europe.

What are your voting options though? Who's the majority in parliament now?

The Observatory of Economic Complexity

Qurstion tough, Riga is 51% Latvian, and 300k people can't vote, they have noncitisen passports, so how the hell is saskaņa staying in power?

GDP=/= Earnings
It can be the internal debt growing and heightening the amount of many people spend.

Paga ko?

Russian puppets are, they help russian minorities.

>What are your voting options though?
Old blood.
>Who's the majority in parliament now?
Constant Russians vs Nationalists constantly trying to out shill each other

they are lazy cunts, but they also jewed the jews for a long time pretty good, but for what price

>Paga ko?
300k cilvēki nevar balsot.(Krievi)

Tad kā Niļuks tur tiek?
Cilvēki tiešām ir tik stulbi.

I am lazy

I only like drinking and bouzoukia

youtube.com/watch?v=odnPlPJsrXs

You lazy bastard
youtube.com/watch?v=ig8sgY5vRWM

Ušakovu jau labu laiku nevar padzīt no Rīgas mēra krēsla.

Fake and gay
The krauts really believe this. The mediterranean countries suffered more the economic crisis while you made money from it.

>Cilvēki tiešām ir tik stulbi.
THIS
Moast of people don't eaven care about politics here in Latvia, mybie that's becouse none of Latvian nationalist parties havent stood out as mutch as needed?Every year people go vote and they have no idea about policies of parties at all.How do we stop thet?

>poland higher than Italy

PASTANIGGERS BTFO

With jews you lose

youtube.com/watch?v=-VRsQXDGAoQ

Yes i was there. My siter was living there for 6 years and yes they are lazy but still compared to Spain they are hard working.

Latvians care about politics. But all they're gonna do is talk shit when watching the news and Nekā personīga.

Whai I meant was that there isnt anyone who would want to fix our shit

And imo it will take a generation or two to get latvians out of that soviet (DO YOU JOB AND CARE ABOUT NOTHING ELSE way of thinking

Few good people are in parlament but moast are bad, and the minority of good ones can't do mutch.

Thanks guys. Have some Noths
youtube.com/watch?v=YyDFMbVmBMM

youtube.com/watch?v=Zvl9N9GdraQ

You are thinking that in any postcommunist country its better.
Here every votting year communists gets 20% and Social democrats (read communists light) 27%

At least you guys where not in a core soviet Union, that is the reason you'r economy is mutch better then that if ours.Also Estonia is geting preaty well off.

Go on.....

kek

That's only the truth for Greece, places like Italy or Spain severely suffered from the competition of Germany when it comes to the euro because the economies are structured in vastly different manners.

Italy industry for example has historically been constituted of small to medium companies often working with each other but rarely fusionning, on the other side are composed of very large conglomerate like Volkswagen or Siemens whose entire strategy relies around economy of scale and absorption of small companies (similar to how the Silicon Valley is operating).

Even France has suffered a lot despite the fact that we are in between the two.

>Lithuania 72.1
>Poland 74
That's the biggest bullshit i have ever seen.

Pretty accurate

Poland was not core province of USSR it may be true that there economy is a bit better then that of a Lithuania.

Depend on the intentions of the lender.

If he was lensing it in god faith and the borrower jips him then there is no fault on his end.

If he's lending in a loan shark like manner and unfair in his conduct then it's a whole other matter.

Estonia = Capitalism
Greece = Socialiam

Not a bit but much better.

Well at least you are not like us.

Are you sure that isn't the average European IQ score?