Look at the productivity per working hour or the unit labor costs. That’s the relevant measure here!
^^Bullshit.
And what percentage of those workers actually pay their taxes? That’s kind of the issue here…
Why bullshit? There is a difference between scratching your nuts for 40 hours and actually working…
LOL ran out of things to say? it’s ok. mom still loves you
Right, both from a productivity standpoint and from a reporting standpoint. I don’t believe those numbers are accurate, and even if they were, I don’t believe those are “quality” working hours.
Wait, did you just say BS has banged your mom?
Right, that was the point I was making in response to igor555 who posted the pic…
No matter how much they work, and how productive it is, and how much taxes they pay…it all goes to the smart people in the end (Germans).
Sorry Greeks, you lose. 
Yes, the problem is that in the pre-euro time unit labour costs where balanced by respective exchange rate movements. This way is now closed, at least until now…
That’s it. Let’s fight.
Yep. The Greeks definitely have a problem when it comes to enforcing tax laws and their complex system which invariably opens a number of loopholes is not helping. A transition to a simpler system which even presumably a weakening legal infrastructural system could enforce should be one of the highest priorites of Syriza. This has no correlation or dependance on how lazy the Greeks and thankfully people are looking beyond and questioning this ridiculous assertion by the European elite as the crux of the problem.
Someone today mentioned that the ‘sky will fall’ when someone rips the plaster papering over Britain’s cracks and he said that the ‘reforms’ implemented by Margaret Thatcher while beneficial for London were devastating for the rest of the country especially the northern reigons. Turns out some of what he was saying was true and no country has suffered as much de-industrialization as England. Perhaps Scotland should’ve gotten out when they still had a chance. Pretty interesting.
Anyone remember back a few months ago, Greece suddenly declared that Germany owes Greece 279 billion euros in compensation for WW2 ?
Tspiras went as far as suggesting Greece could start confiscating German assets if Berlin refuses to pay.
LOL… it’s like… hello Europe? do you not hear the warning bells ringing here??
I wonder if the new proposal tomorrow will include this “you owe us for WW2” again… that would be hilarious
So everyone seems to be talking and behaving like grownups? Greeks signaling willingness to reform, other side admitting a deal needs debt terms tweaked.
Seems like easy money next week, GREK up, VIX down…and then rates up next meeting.
you realize betting on GREK this week is basically a 10% upside, 50% downside play. do you truly believe the odds of Greece not coming out with a deal is 4:1?
Naw, I don’t realize that.
Sheer insanity!
Paella is head and shoulders better than tacos.
Not even the same ballpark.
I don’t really like mariscos very much, though I’m ok with shrimp and lobster and some crab if I don’t have to fight to get it out of the shell.
But paella tends to have too many bivalves for my taste.
I don’t care for shellfish much at all.
I make chicken paella.
In fact the genuine paella valenciana is only made of chicken, cony and pork loin rips - no fish/ shellfish at all.