QuestionWhich European country will be the next to need a bailout?
      – DigitalBoss, 2010-05-10 at 12:02:49   (14 comments)

On 2010-05-10 at 12:03:12, DigitalBoss wrote...
Surely this will not end with Greece.
On 2010-05-10 at 20:28:20, Thelevellers wrote...
they say Portugal, then the UK...
On 2010-05-11 at 11:07:26, DigitalBoss wrote...
I heard that 37% of the people in Greece work for the government, and 30% are unemployed. That leaves 33% of people who work in the private free market to pay for the other 67%.
On 2010-05-12 at 12:33:11, Thelevellers wrote...
There's worse factors in Greece than that - for example my sister's boyfriend got a temporary job last summer, and got severance pay at the end?! I think worth 2 weeks or more work?! Since when does that make ANY sense whatsoever? I'm not a free marketeer( If you hadn;t noticeD) but even I understand that you are only going to kill off businesses with that kind of stupid law. But then we can all see the consequences of doing anything else in Greece! Riot central... I'm just glad my sister and her boyfriend are working (in Athens though, which is scary!)
On 2010-05-13 at 18:56:32, DigitalBoss wrote...
@Thelevellers: What is the difference? How is it different to require 2 weeks severance and require a minimum wage? How is it different? The marketplace should decide the wage and the benefits. Politicians are not smart enough to second-guess the market, and when they do, they are not smart enough to foresee all of the unintended consequences of their decisions.
On 2010-05-14 at 08:20:20, Thelevellers wrote...
How is it different? One requires that companies pay people enough to stay alive while they work for them, the other requires the companies to keep them alive after the END of the contract. Yes, one is the extension of the other, but there is a clear difference between a reasonable (IMO) requirement, and an unreasonable one.
On 2010-05-15 at 18:39:28, BorgClown wrote...
Minimum wage can't go away, otherwise you might as well allow working for free. If you want someone to work for you full-time, you have to pay them enough to make a living. It's common sense.
On 2010-05-15 at 18:45:15, BorgClown wrote...
As for the original topic, I have no idea. A few months ago I didn't expect Greece to give troubles to the EU, it looked like Spain was the troubled one. Greece came out of the blue. Be aware that European countries usually have a less young people/old people ratio than USA. Someone has to pay the old geezer's retirement and medical care.
On 2010-05-16 at 00:46:14, DigitalBoss wrote...
@BorgClown: How about working for the going market rate? Let the the market decide. Let the employer decide. It's his business and his money. The politicians don't know jack.
On 2010-05-16 at 00:48:34, DigitalBoss wrote...
@BorgClown: I have a novel idea; let the old geezers pay their own way. If they had their own retirement savings, and had not depended on the gubmint, they would all be ok. This just goes to show you, just like Katrina, you should not depend on the fucked-up gubmint for your health or your retirement.
On 2010-05-16 at 00:51:01, DigitalBoss wrote...
I just received my first royalty check for my book. I think I will put it in an account for my golden years. I already have one non-gubmint retirement account, but you can't be too sure huh? I wish I had bought gold back in 2001.
On 2010-05-17 at 08:37:53, Thelevellers wrote...
The 'going market rate' is what makes virtual slave and child labour happen in India China etc. The market wants super cheap, and they have no other job, so despite it not being a living wage for ludicrous hours, they work, because they have to. That's why a minimum wage is required. There is already plenty of proof that it's needed. Oh, and before you say it: I am happy to (and do) pay over the odds for clothes (for example) that I am sure have been made ethically (hell, and grown organically, designed intelligently and more! I like Howies :P )
On 2010-05-22 at 05:23:40, BorgClown wrote...
@DigitalBoss: Or Google/Apple stock!
On 2010-05-22 at 05:24:31, BorgClown wrote...
The ideal market rate is free. We all love free stuff.