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Greek stocks dropped sharply after the Greek Prime Minister, George Papandreou announced that Greece will hold a general referendum on the 130-billion euros second bailout deal, especially when anti-austerity protests are hitting the Greek streets.

Athens General Index opened the session today at 806.78 points and then dropped sharply by 5.77% to a low of 753.37 points, loosing 46.66 points after the announcing the general referendum.

European leaders agreed on a final plan in the past week to overcome the debt crisis and quell jitters and rising debt owes; however, the Greek Prime Minister raise concerns that the plan could fall apart, especially after the Prime minister said that Greeks must decide the fate of their own country.

The Greeks better not fuck this up. I wonder what the EU response would be to a deal rejection.

Pizza could be the only thing your next President knows.

unnamednewbie13 wrote:

FEOS wrote:

Macbeth wrote:

Ideas of gender? I think what is acceptable behavior for boys and for girls is an entirely artificial construct that relies on cultural norms and other things. I don't think the kid is going to end up with a cross dressing fetish or sucking cock in bathroom stalls.

Come back when you've raised a kid. Watched them develop. Or, better yet, taken a kid from one culture, transplanted them into a completely different culture, and observed them taking to appropriate "boy" or "girl" things naturally, with zero prompting--after being in an institutional environment, where they get no socialization to speak of.

There's nothing "artificial" about it.

This. The culture someone's going to live in might as well be the air they breathe, unless they want to become a hermit. Especially for kids, to whom social currency might as well be real money.

Hope the kid doesn't get beaten up in gradeschool over it.

He's 5, it means nothing to him. I very well expect the future in which he becomes a man to be much more tolerant of gender/sex transparency than today. Effeminate behavior as a child isn't going to mess with psychology in any way. Bacchus was a pale skinned, flabby, beardless, goldy-locks, fawn skin wearing, wine drinking, sex having, wild bull.

Becoming upset over something like this is a pretty good indicator of one's level of ignorance.

Bachmann for President.

FEOS wrote:

Dilbert_X wrote:

Pizza could be the only thing your next President knows.

That would be one more thing than the incumbent knew before taking office.

Which is still a lot more than the monkey before him.

Daddy was rich.

He didn't learn anything, that much is clear.

He can't even dance

Last edited by Dilbert_X (2011-11-03 04:53:32)

Dilbert_X wrote:

Greek PM George Papandreou appears to be heading for defeat in a confidence vote after growing opposition within his own party to a surprise referendum call on the EU bailout plan.

Mr Papandreou's Pasok party holds a slim majority, 152 out of 300 seats.

The Greek cabinet is now meeting in emergency session.

The row threatened to overshadow a meeting of the G20 in Cannes, where leading industrialised nations are to discuss the eurozone debt crisis.

Greek state television says Mr Papandreou will meet Greek President Karolos Papoulias immediately after the cabinet talks.

The BBC's Mark Lowen, in Athens, says Mr Papandreou is expected to offer a coalition government with a former vice-president of the European Central Bank, Lucas Papademos, at the helm.

Mr Papandreou himself is expected to step aside, our correspondent says.

He says three Pasok MPs have now said they will not vote for Mr Papandreou in the confidence motion on Friday.

Several others, including government ministers, have criticised the referendum plan, calling instead for Mr Papandreou to resign or for a government of national unity.

http://www.bbc.co.uk/news/world-europe-15568915
I don't know if any of the above is good or bad, for Greece or the rest of us.

I think the most likely outcome is Greece goes fully commie.

Jay wrote:

Dilbert_X wrote:

Greek PM George Papandreou appears to be heading for defeat in a confidence vote after growing opposition within his own party to a surprise referendum call on the EU bailout plan.

Mr Papandreou's Pasok party holds a slim majority, 152 out of 300 seats.

The Greek cabinet is now meeting in emergency session.

The row threatened to overshadow a meeting of the G20 in Cannes, where leading industrialised nations are to discuss the eurozone debt crisis.

Greek state television says Mr Papandreou will meet Greek President Karolos Papoulias immediately after the cabinet talks.

The BBC's Mark Lowen, in Athens, says Mr Papandreou is expected to offer a coalition government with a former vice-president of the European Central Bank, Lucas Papademos, at the helm.

Mr Papandreou himself is expected to step aside, our correspondent says.

He says three Pasok MPs have now said they will not vote for Mr Papandreou in the confidence motion on Friday.

Several others, including government ministers, have criticised the referendum plan, calling instead for Mr Papandreou to resign or for a government of national unity.

http://www.bbc.co.uk/news/world-europe-15568915
I don't know if any of the above is good or bad, for Greece or the rest of us.

I think the most likely outcome is Greece goes fully commie.

No referendum. Markets rejoice in not leaving important decisions to the unwashed masses.

Dilbert_X wrote:

Pizza could be the only thing your next President knows.

Because all he did in his time at Godfather's is spin pizza dough on his fingertips?

13urnzz wrote:

romney's too much of a patrician to have ever dined on pizza.

===

Superior Mind wrote:

unnamednewbie13 wrote:

FEOS wrote:

Come back when you've raised a kid. Watched them develop. Or, better yet, taken a kid from one culture, transplanted them into a completely different culture, and observed them taking to appropriate "boy" or "girl" things naturally, with zero prompting--after being in an institutional environment, where they get no socialization to speak of.

There's nothing "artificial" about it.

This. The culture someone's going to live in might as well be the air they breathe, unless they want to become a hermit. Especially for kids, to whom social currency might as well be real money.

Hope the kid doesn't get beaten up in gradeschool over it.

He's 5, it means nothing to him. I very well expect the future in which he becomes a man to be much more tolerant of gender/sex transparency than today. Effeminate behavior as a child isn't going to mess with psychology in any way. Bacchus was a pale skinned, flabby, beardless, goldy-locks, fawn skin wearing, wine drinking, sex having, wild bull.

Becoming upset over something like this is a pretty good indicator of one's level of ignorance.

So five-year-olds are completely brain-dead, or what? Or is it that child psychologists are ignorant?

He's 5, it means nothing to him.

Until his "buddies" at gradeschool post that pic all over the place.

http://www.abc.net.au/news/2011-11-06/p … es/3637884

fuck i despise people like these. if they stopped and thought rationally for just ten seconds, they'd realise that places like seaworld do infinitely more for endangered animal awareness/protection then their latte-sipping snobbery.

The court's response should be the Picard facepalm.

Euro zone crisis: It’s Germany’s fault

The reigning narrative of Europe’s financial turmoil is that profligate European states, agglomerated all too offensively by a swine-referenced acronym, are forcing the continent’s wealthy, prudent northern countries to come to their rescue. Not so, according to two policy experts who spoke this week at a conference on the euro zone crisis at the University of Austin’s Lyndon B. Johnson School of Public Affairs.

They argue that labor reforms in Germany prevented the wages of manufacturing workers from rising after monetary union had been completed, making the country more competitive at the expense of its southern peers. Joerg Bibow, a professor of economics at Skidmore College, gives his view of events:

    Germany’s wage trends have been the most important cause of the euro zone crisis. Those wage trends created an asymmetric shock that destabilized Europe.

This hollowing out of the rest of Europe at the expense of Germany’s workers and to the benefit of its prospering corporate sector only lasted so long because of the insatiable, debt-fueled demand of the American consumer, Bibow said.

Some market analysts have argued that the euro itself is a backdoor stimulus for Germany, because monetary union has kept the euro much lower than the deutschmark would be if Germany’s trade surpluses had been accumulated outside the EMU.

Heiner Flassbeck, a former German government official who is currently a director at the United Nations Conference on Trade and Development, says the economic leg up goes a step further. The way he sees it, monetary union is effectively a commitment by various nations to having the same inflation rate over time. Yet while inflation in other European nations converged toward the European Central Bank’s 2 percent target, Germany’s dipped even further – in great part because wages were not allowed to rise in line with business productivity.

One country got it absolutely wrong. That country was not Greece, it was Germany. Due to German wage-cutting, Germany adopted a beggar-thy-neighbor export model.

Kmar wrote:

Euro zone crisis: It’s Germany’s fault

The reigning narrative of Europe’s financial turmoil is that profligate European states, agglomerated all too offensively by a swine-referenced acronym, are forcing the continent’s wealthy, prudent northern countries to come to their rescue. Not so, according to two policy experts who spoke this week at a conference on the euro zone crisis at the University of Austin’s Lyndon B. Johnson School of Public Affairs.

They argue that labor reforms in Germany prevented the wages of manufacturing workers from rising after monetary union had been completed, making the country more competitive at the expense of its southern peers. Joerg Bibow, a professor of economics at Skidmore College, gives his view of events:

    Germany’s wage trends have been the most important cause of the euro zone crisis. Those wage trends created an asymmetric shock that destabilized Europe.

This hollowing out of the rest of Europe at the expense of Germany’s workers and to the benefit of its prospering corporate sector only lasted so long because of the insatiable, debt-fueled demand of the American consumer, Bibow said.

Some market analysts have argued that the euro itself is a backdoor stimulus for Germany, because monetary union has kept the euro much lower than the deutschmark would be if Germany’s trade surpluses had been accumulated outside the EMU.

Heiner Flassbeck, a former German government official who is currently a director at the United Nations Conference on Trade and Development, says the economic leg up goes a step further. The way he sees it, monetary union is effectively a commitment by various nations to having the same inflation rate over time. Yet while inflation in other European nations converged toward the European Central Bank’s 2 percent target, Germany’s dipped even further – in great part because wages were not allowed to rise in line with business productivity.

One country got it absolutely wrong. That country was not Greece, it was Germany. Due to German wage-cutting, Germany adopted a beggar-thy-neighbor export model.

Which seems to be working fine for Germany.