Greek Debt Crisis - Explained In 3 Minutes - Clarke & Dawe MUST SEE Video
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Greek Debt Crisis - Economy Explained - Do something about it today http://SilverProphets.com - Click Now and discover how to get free silver! "Nico Nomist" Originally aired on ABC TV's 7.30: 14/07/2011 http://www.twitter.com/mrjohnclarke http://www.facebook.com/ClarkeAndDawe From Wiki: The Greek government-debt crisis is one of a number of current European sovereign-debt crises.[1]. In late 2009, fears of a sovereign debt crisis developed among investors concerning Greece's ability to meet its debt obligations due to strong increase in government debt levels.[2][3][4] This led to a crisis of confidence, indicated by a widening of bond yield spreads and the cost of risk insurance on credit default swaps compared to the other countries in the Eurozone, most importantly Germany.[5][6] The downgrading of Greek government debt to junk bond status in April 2010 created alarm in financial markets, with bond yields rising so high, that private capital markets practically were no longer available for Greece as a funding source. On 2 May 2010, the Eurozone countries and the International Monetary Fund (IMF) agreed on a €110 billion bailout loan for Greece, conditional on the implementation of austerity measures. In October 2011, Eurozone leaders agreed to offer a second €130 billion bailout loan for Greece, conditional not only the implementation of another austerity package, but also that all private creditors holding Greek government bonds should sign a deal accepting a 53.5% face value loss. This proposed restructure of all Greek public debt held by private creditors, which constituted a 58% share of the total Greek public debt, would according to the bailout plan reduce the overall public debt burden with roughly €110 billion. A debt relief equal to a lowering of the debt-to-GDP ratio from a forecasted 198% in 2012 down to roughly 160% in 2012, with the lower interest payments in subsequent years combined with the agreed fiscal consolidation of the public budget and significant financial funding from a privatisation program, expected to give a further debt decline to a more sustainable level at 120.5% of GDP by 2020. For more info got to: http://en.wikipedia.org/wiki/Greek_government-debt_crisis http://www.youtube.com/user/WhereToBuySilverNow Original video http://www.youtube.com/watch?v=rK0De210TBQ Video SEO: http://www.youtube.com/user/VideoSeoServices http://www.videoseoservices.com For all your video seo services Greek Debt Crisis
Comments
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It is funny if it wasn't the saddest thing that ever happened. 27 beautiful diverse cultures have been devastated by secret lying treaties. The removal of nation status to turn European peoples into serfs for the political and rich elitist despots.
Our own governments over 3 decades have secretly sold our democracies to unelected unaccountable people .
The treaties are filled with good words, The bad stuff hidden even from the MEPs.
I believe those prime ministers should be hauled into the courts for treason against the peoples of each nation and imprisoned for lif.e
WE NO LONGER HAVE THE DEATH PENALTY! -
MAKE THE GREEKS BUST.
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Dafug? Why does he answer "I'm not religious" to the question "Can you explain the Euro?" That guy is crazy
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Tourism, wine, cheese, olive oil, canned tomatoes and fish, are these the foundational economic product mix that the Eurozone based it's lending decisions upon that allowed Latin economies to borrow billions of Euros? Were Greece, Spain, Portugal and Italy supposed to flood the world markets with a Mediterranean diet that would generate the revenues/taxes for loan repayment? Could this have been a social crime by the Eurozone elites given poorly reviewed and negligently underwritten loan policies that promoted destabilization of weak economies and societies? Or, were these excessive loans merely a hegemonic hook to forge political and economic control over a landscape of weak vassal states? Without assigning a conspiratorial influence overseeing these loans, then the lenders were pathetically ignorant about the capacity for loan repayment. And, those decisions could have easily been derived by a false sense of security from the cesspool of Credit Default Swaps. Ignoring the lender's feeding frenzy over new loans and fees, therein rests the crime against people of blatantly creating a bubble of false hope and financial prosperity with the thinnest of rational motives which turns a blind eye toward their consequences. IMHO
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I thought this was real for a moment!
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This a such a pathetic
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We can all print money!!! What is it worth??? The greeks can print as much money as it wants!!! This is total BS for you sheep0le who can not think!!! Total BS!! Wake up these shit's are speaking rubbish !!!
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Is this a sketch? 😂😂
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GOT THE POINT???
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I think this is very funny,unless your a greek,italian,from spain or portugal,and france. these 5 countries are all in deep debt but all 5 put together don't amount to half the debt america has. He should've brought america into the mix
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This is an attempt at humor, but it's SUPER-lame.
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funny shit!
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Idiot
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they just spent too much, is that simple...
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First off, they’re Australian (though Clarke was born in New Zealand), not European. Bryan Dawe is involved with left wing causes, including support for the Australian Aborigines and the Palestinians. Finally, you do realize this is comedy? They have done several of these satirical mock interviews.
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Wow! thnx man, i learned more from your comment then the video itself...
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They are comedians so they put the jokes a head of explanations but from the video they say; The bailouts aren't helping and are only weakening the rest of the EU. The debt is too high for the economy to handle 160% of GDP. Austerity could help but the Greeks don't accept it (since it puts them in a really bad spot) The rest of the EU cares since if Greece falls then the trust in the EU will take a hit.
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WTF is this? I seriously did not get a thing about the greek crisis....
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you must be kidding, these guys have factually nailed it!!
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Wait a minute....where the fuck do u live then if u dont....
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