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Originally posted by LieBuster
reply to post by Blaine91555
Last i checked we too are living under a dictator because our govermernt does not do or ask the people what they want and we get to vote for dog $hit or cammel $hit once in a while.
"Whereas during the 1990s, Greece frequently had to pay out 10 percent or more (18 percent in 1994) to borrow money, its rate fell dramatically to 3 percent or 2 percent. Ben May, Greek economist at think tank Capital Economics, said: "Their mistake was to go out, borrow money and use it to fund huge wage growth, rather than pay down its already substantial debts."
"Greece went on a spending spree, allowing public sector workers' wages to nearly double over the last decade, while it continued to fund one of the most generous pension systems in the world. Workers when they come to retire usually receive a pension equating to 92 percent of their pre-retirement salary. As Greece has one of the fastest ageing populations in Europe, the bill to fund these pensions kept on mounting. ...
"Tax evasion, endemic among Greece's wealthy middle classes, meant that the Government's tax revenues were not coming in fast enough to fund its outgoings. Hosting the Olympics in 2004, which cost double the original estimate of €4.5 billion, only made matters worse."
Public Debt as a % of GDP from 2009 est
1 Zimbabwe 304.30 %
2 Japan 192.10
3 Saint Kitts and Nevis 185.00
4 Lebanon 160.10
5 Jamaica 131.70
6 Singapore 117.60
7 Italy 115.20
8 Greece 108.10
9 Sudan 104.50
10 Iceland 100.60
11 Belgium 99.00
12 Nicaragua 87.00
13 Israel 83.90
14 Sri Lanka 82.90
15 Egypt 79.80
16 France 79.70
17 Germany 77.20
18 Portugal 75.20
19 Hungary 72.40
20 Canada 72.30
21 Jordan 69.90
22 United Kingdom 68.50
23 Austria 68.20
24 Ghana 67.50
25 Malta 66.20
26 Cote d’Ivoire 63.80
27 Ireland 63.70
28 Netherlands 62.30
29 Philippines 62.30
30 Norway 60.20
31 India 60.10
32 Spain 59.50
33 Uruguay 58.70
34 Mauritius 58.30
35 Malawi 58.00
36 Bhutan 57.80
37 El Salvador 55.40
38 Albania 54.90
39 Kenya 54.10
40 Morocco 54.10
41 Tunisia 53.80
42 World 53.60
43 Cyprus 52.40
44 Vietnam 52.30
45 Panama 49.50
46 Thailand 49.40
47 Costa Rica 49.30
48 Argentina 49.10
49 Turkey 48.50
50 Malaysia 47.80
51 Croatia 47.70
52 Poland 47.50
53 United Arab Emirates 47.20
54 Brazil 46.80
55 Finland 46.60
56 Aruba 46.30
57 Colombia 46.10
58 Pakistan 45.30
59 Bolivia 44.00
60 Seychelles 43.90
61 Switzerland 43.50
62 Sweden 43.20
63 Bosnia and Herzegovina 43.00
64 Mexico 42.60
65 Dominican Republic 41.50
66 United States 39.70
67 Yemen 39.60
68 Bangladesh 38.20
69 Denmark 38.10
70 Montenegro 38.00
71 Serbia 37.00
72 South Africa 35.70
73 Cuba 34.80
74 Gabon 34.70
75 Slovakia 34.60
76 Taiwan 34.60
77 Papua New Guinea 33.70
78 Czech Republic 32.80
79 Guatemala 32.70
80 Latvia 32.50
81 Ecuador 32.30
82 Syria 32.30
83 Ethiopia 31.70
84 Zambia 31.50
85 Slovenia 31.40
86 Lithuania 31.30
87 Moldova 31.30
88 Bahrain 30.10
89 Indonesia 29.80
90 New Zealand 29.30
91 Korea, South 28.00
92 Trinidad and Tobago 26.70
93 Mozambique 26.10
94 Peru 26.10
95 Tanzania 24.80
96 Macedonia 24.50
97 Honduras 24.30
98 Senegal 24.00
99 Paraguay 22.10
100 Bulgaria 21.40
101 Ukraine 20.70
102 Saudi Arabia 20.30
103 Romania 20.00
104 Iran 19.40
105 Venezuela 19.40
106 Uganda 19.30
107 Namibia 19.10
108 Australia 18.60
109 China 18.20
110 Hong Kong 18.10
111 Botswana 17.90
112 Nigeria 17.80
113 Angola 16.80
114 Gibraltar 15.70
115 Luxembourg 14.50
116 Cameroon 14.30
117 Kazakhstan 14.00
118 Uzbekistan 11.70
119 Algeria 10.70
120 Chile 9.00
121 Kuwait 8.20
122 Estonia 7.50
123 Qatar 7.10
124 Russia 6.90
125 Libya 6.50
126 Wallis and Futuna 5.60
127 Azerbaijan 4.60
128 Oman 2.80
129 Equatorial Guinea 1.10
[edit on 6/24/2010 by Blaine91555]
Originally posted by Elieser
These are fighting words for many. Seeing how much the government loves the oil companies, I think that this is not going to be taken lightly.
[edit on 24-6-2010 by Elieser]
Originally posted by ~Lucidity
I think this was already posted this morning...here
Originally posted by ElectricUniverse
reply to post by buni11687
Not much of a big deal?... A Communist leader taking over an American private oil company.... Yes it is a big deal....
Socialists/Communist always like to claim that "Capitalists are the ones raping nature", yet if you go to real Socialist/Communist countries and you see what sort of environmental laws they have, you will see something different...
Venezuela, and more so under Chavez barely has any environmental standards...
Socialists/Communists love to not care about nature yet they blame Capitalism for it.....
[edit on 25-6-2010 by ElectricUniverse]