Austerity does not work.
Everybody knows this - it's about a long term plan that the Greek need to execute -
enough - you just keep blah blahing about something you don't understand -have a great 4 th
"The EU was not always as big as it is today. When European countries started to cooperate economically in 1951, only Belgium, Germany, France, Italy, Luxembourg and ... "
and consisted of former enemies ( 2 world wars) - so it was dramatic step towards a peaceful Europe -
forming a union makes sense in many ways but one can't restrict it to certain countries IOW forming an exclusive club
The EU set certain financial rules members have to follow - Greece blindsided the EU and for many years the Greek enjoyed a very high standard of living based on a house of cards.
It will be a long turnaround assuming the people have the will - making hollow promises like the current leader is detrimental - I think Merkel et al are open but they must see that there is a serious attempt/plan to bring the house in order - you make a plan and than execute the plan -
perhaps the EU should set certain milestones of reforming for example the Greek pension system and couple it with other financial incentives that help grow the Greek economy (rather just spending it)..
Greece has quite a merchant fleet which is owned by some stinking rich Greeks who - according to German paper - have not paid a dime tax over the last 5 years - the Greek seem to be incapable to enforce it
and he could not anticipate semi automatic rifles either....back than they used one shooters....
The problem with Greece is that the books were faked from the very beginning and the EU was too stupid to catch it - of course Goldman Sachs assisted Greece in doing so.
The financial system was never healthy
As mentioned before other not so rich countries like Portugal and Ireland are paying for Greece -
and rich Greek took all the money out - tax fraud....and so on....the current leader is an arrogant, incompetent idiot elected by the Greeks - he promised them and now he can't deliver
Why is Germany a rich country?
Compared to the US there are almost no resources in Germany while the US is fracking its way to prosperity -
so it must be the (German) workforce
I just red an interesting article (in German) - you know who is really upset with Greece - the other not so rich countries like Portugal and Ireland that implemented the cuts - they are paying for Greece - think about it.
For some reason the greeks expect a special treatment compared to countries like Portugal and Ireland - they want more SS and they want to retire at 55 - I say f em
yeah - the clown is back and still no real job....
oh yes - he now also covers Micron....
talking about Micron - Dramexchange dotcom is a good link - contract pricing and other good stuff though not in timely manner
Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt
By Beat Balzli
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.
You can not fix something which was broken in the very beginning.......
Three out of four public sector and Social Security Fund (IKA) pensioners in Greece are opting for early retirement. This situation has caused the country’s pension system to become unsustainable.
On Wednesday, Greek Labor Minister Yiannis Vroutsis presented data to the parliament, explaining that almost 75% of Greek pensioners are trying to secure their early retirement through legal provisions that allow them to stop working before the age of 61.
“In the public sector, 7.91% of pensioners retire between the ages of 26 and 50, 23.64% between 51 and 55, and 43.53% between 56 and 61. In IKA, 4.44% of pensioners retire between the ages of 26 and 50, 12.83% retire between 51 and 55, and 58.61% retire between 56 and 61. Meanwhile, in the so-called healthy funds, 91.6% of people retire before the national retirement age limit,” Vroutsis said.
slave to Germany ...LOL...they (the Greeks) retire at 56 - sometimes you are Really, really, really dumb
If I remember right, the thread was about Intel embedding DRAM or some sort of NVM in its CPUs/SoCs.
could impact bit growth for memory makers ?
would be great "research project" ...for Nenni ? - just kidding....
maybe someone from SA could look at this
The pinheads don't understand that the DRAM market is diversified - different from 10 years ago.
DRAM capex was strong in Q1 and Q2 - because they are anticipating strong demand for DDR 4 and L(ow) P(power) DRAM as well as for servers -
LP DRAM is one of the knobs to improve overall system performance (bandwidth and lower power consumption)
Micron is late in converting to 20nm ...remember Moore's law.
Bernstein said that while it recognises the strength of ARM’s right to make money on a wide and growing addressable market, the current share price reflects unrealistic levels of penetration across its end markets and/or an unrealistic increase of the average royalty rate ARM charges.
Some of the Intel stuff is already shipping with DDR 4 or am I mistaken -
and tablets are using LP DRAM DDR 3
ASML reported strong capex from memory - probably transition to 20 nm and LP DDR 4 - Micron seems to be a little bit behind the curve
The Euro was formed to enrich Germany. Greece thought they were getting a good deal by joining the Euro... LOL.
American idiot - no clue about Europe - absolutely clueless
Greece is not important for exports - German exports benefit from the the weak Euro.
Greece overextended when hosting the Olympic games - a totally crazy move and the beginning of running up an awful debt..
You would think Greece would do everything to develop tourism - no the garbage worker would strike.
The rich Greek left the country any way -
and remember Goldman Sachs conspired with Greece to cover up the debt - GS helped Greece to fake the books even shortly before the ...hit the fan
the bucket goes to the well until it brakes.....