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One Third Of Athens Businesses Shuttered
09-25-2012, 04:05 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
...Greek unemployment surging by 1% in one month to 24.4%, and which as of September is likely nearly 30%. What this means in practical tax revenue terms (if the tax collectors were actually doing their job collecting taxes, instead of striking) is that there is nobody generating any economic products and services, and thus no state revenues. Today, Kathimerini confirms this, in a report that almost a third of all business in Athens have now shuttered

http://www.zerohedge.com/news/2012-09-25...-shuttered

Spain is in as bad shape (an economy 5x larger than Greeces) with over 24% unemployment and worldwide exposure to Spanish debt well over a trillion euros.

coffeetime.gif
09-25-2012, 04:17 PM #2
Octo Mother Superior
Posts:43,017 Threads:1,474 Joined:Feb 2011
On a related note, this doesn't help either:


The litre price of petrol has risen to an all-time high, according to the Finnish Petroleum Federation.

Currently one litre of 95-octane petrol costs on average 1.74 euros, while 98-octane fuel will set motorists back 1.98 euros.

http://yle.fi/uutiset/pump_prices_at_rec...gh/6308436

EU average gas price is €1.68/l.

Only places with higher gas prices than Finland are Greece, Italy and the NL. damned.gif

A whole bunch of transportation companies have filed for bankruptcy over here so it's probably not looking much better in Greece or elsewhere in the EU.
09-25-2012, 05:11 PM #3
bohica Member
Posts:1,601 Threads:196 Joined:Feb 2011
I paid $3.91 for a gallon of gas yesterday, too high, I think.
Of course, being on a fixed income of $10,000 a month makes it feel worse.
Naa Naaaa Naaaaaaa.

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
09-25-2012, 05:33 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
13.gif

wonder.gif
09-25-2012, 05:36 PM #5
Octo Mother Superior
Posts:43,017 Threads:1,474 Joined:Feb 2011
(09-25-2012, 05:11 PM)bohica Wrote:  I paid $3.91 for a gallon of gas yesterday, too high, I think.
Of course, being on a fixed income of $10,000 a month makes it feel worse.
Naa Naaaa Naaaaaaa.



....İmage
wigglebutt.gif
09-25-2012, 05:39 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
Bubble butt my ass. coffeetime.gif

chuckle.gif

wonder.gif
09-25-2012, 11:20 PM #7
bohica Member
Posts:1,601 Threads:196 Joined:Feb 2011
Hey, I haven't worked in 15 months.
Bubbleass: what the denizens living on the edges of a desert store water and nourishment in before crossing an arid area.
Like ancamel's Hump.

There's plenty of room for all God's creatures. Right next to the mashed potatoes!
09-25-2012, 11:24 PM #8
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,396 Threads:1,439 Joined:Feb 2011
I would only survive for seconds in such a scenario. chuckle.gif Unless I made 10k a month for doing nada.

wonder.gif
09-25-2012, 11:30 PM #9
Octo Mother Superior
Posts:43,017 Threads:1,474 Joined:Feb 2011
(09-25-2012, 11:20 PM)bohica Wrote:  Bubbleass: what the denizens living on the edges of a desert store water and nourishment in before crossing an arid area.
Like ancamel's Hump.


Don't store water in my ass, but then again JR's area isn't exactly arid coffeetime.gif



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