Post: #51

(06-24-2015 06:33 PM)Kamaki4 Wrote:  I get it, it's hard for some people to grasp the concept of living with your parents even if there isn't an economic need to do it. The last time I lived in Greece, 7 years ago, it was actually frustrating dating Greek girls. I would rarely meet one who didn't live at home, and this was before the crisis. A high percentage of Greek kids lived with their parents before the economic crisis, during the economic crisis and as illogical as it may seem, would continue to live at home even if unemployment shrank to near zero and wages rose to levels on par with Germany.

Over 10% of Greater Melbourne is of (relatively recent) Italian or Greek stock, add Yugoslavians it would be closer to 15%. You can definitely see what you describe even among the ones born and raised in Australia, even more so amongst the Greeks than the Italians and Yugoslavs, even though the Greeks here are wealthier. There is definitely some cultural component to this, not just economic.

My girlfriend's family is (North East) Italian and says among Italians those from the South, which has a Greek influence, are more clannish and even more likely to be mummy's boys.

Post: #52

(06-24-2015 06:33 PM)Kamaki4 Wrote:  I get it, it's hard for some people to grasp the concept of living with your parents even if there isn't an economic need to do it. The last time I lived in Greece, 7 years ago, it was actually frustrating dating Greek girls. I would rarely meet one who didn't live at home, and this was before the crisis. A high percentage of Greek kids lived with their parents before the economic crisis, during the economic crisis and as illogical as it may seem, would continue to live at home even if unemployment shrank to near zero and wages rose to levels on par with Germany.

In some countries it's cultural. Especially with girls there is a certain merit to it to only move when she meets someone she could imagine more with / or is about to marry him. This certainly curbed the carousel riding (though only on paper, since Players know that banging in those countries is better done during the day than the evenings).

There were even times in the US and the West when very wealthy children were expected to live in homes of their parents until marriage. Recently saw an American movie from the 1940s - heir to the fortune lived at parents' place well past college and it was all natural. As far as I remember you could even see this in the 1980s tv series - DYNASTY - sons and daughters lived at home despite being able to afford a place of their own. The series now would certainly be different in that respect.

Sometimes cultural mindset change slower than one may think - takes many generations.

Post: #53

in the balkans family bonds are very strong, unlike west.

Post: #54

(06-25-2015 08:02 PM)emilian Wrote:  in the balkans family bonds are very strong, unlike west.

unlike balkan family some in west like to teach their kids to work and pay own bills

Post: #55

Greece as a civilization honestly peaked in the 300 bc's. LOL @ the 50% of people living with their parents, as adults.

Post: #56

(06-25-2015 09:42 PM)CactusCat589 Wrote:  Greece as a civilization honestly peaked in the 300 bc's. LOL @ the 50% of people living with their parents, as adults.

People in the west - especially Anglo countries tend to have never heard of the Byzantine Empire which lasted 1000 years which has left cultural links between Greece and Russia.

By 1950, the US had inherited supreme maritime power in the Pacific and the Atlantic, the British Empire, the empire's reserve currency and had been given Western Europe. There is no reason why the US could not have attained Byzantine standards yet it is struggling to make its primacy last 100 years and even then, by next century its founding population will be a minority.

Post: #57

(06-25-2015 09:36 PM)el mechanico Wrote:  

(06-25-2015 08:02 PM)emilian Wrote:  in the balkans family bonds are very strong, unlike west.

unlike balkan family some in west like to teach their kids to work and pay own bills

I was thinking that emilian might be kamaki for a second, but this guy uses the spacebar between sentences, so I really doubt it.

Post: #58

http://www.bbc.com/news/world-europe-33296839

Quote:Greece will hold a referendum on 5 July controversial bailout deal with foreign creditors, Prime Minister Alexis Tsipras has announced.
In a speech on national TV, he said his government had been asked to accept "unbearable" austerity measures.
Greece earlier rejected an offer from the creditors which could have helped the country to avoid defaulting on its debt.
Greece has to make a €1.5bn ($1.7bn; £1.06bn) IMF debt repayment on 30 June.

Post: #59

(06-25-2015 11:58 PM)N°6 Wrote:  

(06-25-2015 09:42 PM)CactusCat589 Wrote:  Greece as a civilization honestly peaked in the 300 bc's. LOL @ the 50% of people living with their parents, as adults.

People in the west - especially Anglo countries tend to have never heard of the Byzantine Empire which lasted 1000 years which has left cultural links between Greece and Russia.

That's right on No6.

The Byzantine Empire (culturally Greek, religiously Greek, linguistically Greek) was the direct extension of the Roman Empire. In fact it WAS the Roman Empire, or you could say, the Roman Empire became Greek when it moved it's cultural and political capital to Byzantium (Constantinople). Through the Byzantine era the Greek people thought themselves Roman. To this day, the few Greeks who still live in "Polis" (Constantinople, Istanbul) are called "Rum" by the Turks. Interesting facts frequently forgotten.

Post: #60

(06-26-2015 05:43 PM)poutsara Wrote:  

(06-25-2015 11:58 PM)N°6 Wrote:  

(06-25-2015 09:42 PM)CactusCat589 Wrote:  Greece as a civilization honestly peaked in the 300 bc's. LOL @ the 50% of people living with their parents, as adults.

People in the west - especially Anglo countries tend to have never heard of the Byzantine Empire which lasted 1000 years which has left cultural links between Greece and Russia.

That's right on No6.

The Byzantine Empire (culturally Greek, religiously Greek, linguistically Greek) was the direct extension of the Roman Empire. In fact it WAS the Roman Empire, or you could say, the Roman Empire became Greek when it moved it's cultural and political capital to Byzantium (Constantinople). Through the Byzantine era the Greek people thought themselves Roman. To this day, the few Greeks who still live in "Polis" (Constantinople, Istanbul) are called "Rum" by the Turks. Interesting facts frequently forgotten.

Interesting you bring this up - historically one of the reasons the Byzantine Empire fell apart was that they had chronic ongoing and endemic problems with tax avoidance... A problem that the Greeks have to this day.

Post: #61

Ah well - at least something is up in Greece - suicides are up 35% in 2 years:



Also note that female suicides are hardly affected by it. It's always the men who are expected to carry the brunt of the financial responsibility.

http://www.zerohedge.com/news/2015-06-25...35-2-years

Post: #62

Post: #63

Reuters Greece link

They will have to impose capital controls tonight or tomorrow less they lose every bit of cash the system has. The ECB is considering a stop to the program which is currently keeping Greece afloat.

I'm not sure it is a good idea to holiday in Greece at the moment. When the ATMs run dry and anger boils over there will be riots. Foreigners have money on them so they will be fair game to some.

If they somehow pull out a deal (unlikely) then it will only deepen the problem until it finally blows up in their faces.

Totally unreal they let it get to this stage.

Post: #64

(06-28-2015 09:11 AM)Foolsgo1d Wrote:  Totally unreal they let it get to this stage.

Not really. This was always going to happen - the EU was always about power. To those who have weaseled their way to the top, the well-being of the people is as much a concern as the well-being of cattle. To the scum at the top of the system, the social discordance and suffering of part of the citizenry is not something to be lamented nor a source of sorrow, but a reason to grin - since it is evidence of their power.

Post: #65

(06-28-2015 09:11 AM)Foolsgo1d Wrote:  Reuters Greece link

They will have to impose capital controls tonight or tomorrow less they lose every bit of cash the system has. The ECB is considering a stop to the program which is currently keeping Greece afloat.

I'm not sure it is a good idea to holiday in Greece at the moment. When the ATMs run dry and anger boils over there will be riots. Foreigners have money on them so they will be fair game to some.

If they somehow pull out a deal (unlikely) then it will only deepen the problem until it finally blows up in their faces.

Totally unreal they let it get to this stage.

Possibly has happened (if true).

I'm still skeptical that anything bad will happen only because of how many people have been wrong about predicting this, but something eventually will happen and it will be fascinating to see what does happen. If people knew how fractional reserve banking works, there would be a run on the banks. Luckily, if you ask 100 people how it works, you might get 2 people that would be able to explain it.

Post: #66

^ "Fractional reserve banking is the devil" is old hat. Adverse clearing mechanism.

Post: #67

(06-28-2015 11:21 AM)Phoenix Wrote:  

(06-28-2015 09:11 AM)Foolsgo1d Wrote:  Totally unreal they let it get to this stage.

Not really. This was always going to happen - the EU was always about power. To those who have weaseled their way to the top, the well-being of the people is as much a concern as the well-being of cattle. To the scum at the top of the system, the social discordance and suffering of part of the citizenry is not something to be lamented nor a source of sorrow, but a reason to grin - since it is evidence of their power.

I'll have to explain what I meant. Unreal as in, how little the EU juggernaut can do to stop even a country such as Greece from going into the gutter.

I'm pretty sure Spain, Portugal, Ireland and Italy should be looking closely at their own debt. They do not have the London City and the German economic machine to help them. They're in the same boat.

Post: #68

Ignoring Tsipras Plea For Calm, Greeks Storm ATMs, Stores, Gas Stations:

http://www.zerohedge.com/news/2015-06-28...s-stations

Post: #69

As of this post, all three major US index futures are down over 1% with the 30YT up over 2%. The CSI 300 also looks like its down, but can't see the amount, though it opens pretty soon. The only strength the US has is that Europe is a bigger mess, yet the US is trying to become Europe.

Post: #70

(06-28-2015 01:41 PM)SunW Wrote:  

(06-28-2015 09:11 AM)Foolsgo1d Wrote:  Reuters Greece link

They will have to impose capital controls tonight or tomorrow less they lose every bit of cash the system has. The ECB is considering a stop to the program which is currently keeping Greece afloat.

I'm not sure it is a good idea to holiday in Greece at the moment. When the ATMs run dry and anger boils over there will be riots. Foreigners have money on them so they will be fair game to some.

If they somehow pull out a deal (unlikely) then it will only deepen the problem until it finally blows up in their faces.

Totally unreal they let it get to this stage.

Possibly has happened (if true).

I'm still skeptical that anything bad will happen only because of how many people have been wrong about predicting this, but something eventually will happen and it will be fascinating to see what does happen. If people knew how fractional reserve banking works, there would be a run on the banks. Luckily, if you ask 100 people how it works, you might get 2 people that would be able to explain it.

What's wrong with fractional reserve banking?

Post: #71

^ What's wrong with bankrupting countries and causing civil wars?

Rhetorical.

Post: #72

(06-28-2015 06:21 PM)Samseau Wrote:  ^ What's wrong with bankrupting countries and causing civil wars?

Rhetorical.

Fractional reserve = bankrupting countries + causing civil wars... hilarious!

On a side note, are you going to admit you were wrong about the west flourishing during the middle ages without banking or am I still the one who needs to learn his history?

Post: #73

(06-28-2015 06:32 PM)Peregrine Wrote:  

(06-28-2015 06:21 PM)Samseau Wrote:  ^ What's wrong with bankrupting countries and causing civil wars?

Rhetorical.

Fractional reserve = bankrupting countries + causing civil wars... hilarious!

On a side note, are you going to admit you were wrong about the west flourishing during the middle ages without banking or am I still the one who needs to learn his history?

Quote that post again please because I don't know what you're talking about.

Post: #74

/thread-47698-...pid1027955

Post: #75

So you are telling me "young" people (25-35 are not really young) are staying at their parents because of "culture"


LOOOOL


I live in a country where the parents will do what-ever to get the kids to live with them (or as the greeks do, build a home above their house); and let me tell you: Every single one of my friends (or that I know of) really doesn't like that.

The reason they choose is because: 1. living in the city is very expensive 2. even if they work, it's not enough to live in the city 3. if they don't live in the city, they better just live with the parents

every 20-35 wants to live in the city (and the Big city AKA the Capital). They just don't have the resources to do so.

So you are telling me that if you give that greek 5million US dollars, they'll stay in greece? and with their parents?

I bet you anything they'll straight book a ticket to NYC, London or your average Busy-City for adventuring.