Greece debt crisis

[imei2012]

Someone please explain to me like a two year toddler what the f**k is going on in greece. Read sometimes online that greece built magnificient stadiums to host i think the 2004 olympic games and ever since the stadiums have never been utilised again. Last week i read that people are rushing to withdraw huge sums from banks. And why is germany so interested in the matters of greece and the role of eu,imf and world bank......

 

[Chiefkiumbe]

Might you be having so deposits thea ?? kimbia utoea

 

[kalel]

Greece was given a loan by the e.u after the recession but it had to apply some austerity measures, the new gov. won't implement the same and they have defaulted on the said loan.....my 2 cents

 

[nairobilay]

The fact is that you will never make money hosting the olympics or world cup. Every country that has ever done so usually doesnt turn a profit with very very few exceptions.
http://gizmodo.com/do-the-olympics-ever-break-even-1529295819
http://gizmodo.com/is-hosting-the-world-cup-worth-it-anymore-1582720624

 

[De Clerk.]

what the f**k is going on in greece

you may find this useful.
http://rdwolff.com/content/what-really-going-greece

 

[Ingia]

Greece has very loose financial rules and all kind of stuff go on in their financial markets including large scale con games. All unscrupulous finance firms operate from there and I guess they are preventing the country from reforming.

 

[agik]

And to think of how countries jostle and pull all manner of tricks to get the right to host these events. Makes no sense

 

[troller]

Greece is a bad spender and it borrows from the EU. Germany is the richest country in the EU so they feel a pinch when they are forced to loan Greece cash and Greece to use it unwisely