Thread: Four Years of Austerity in 40 Pictures

This coming May will mark four years since the European Commission, the European Central Bank, and the International Monetary Fund took control of the Greek economy. Although massively important, it’s an anniversary not many people are going to celebrate.

As more of a memento than a celebration, photographer Dimitris Michalakis has put together a selection of 40 photographs that he’s taken over the past four years. The series depicts the social impact of austerity in Greece, and serves as a snapshot into almost half a decade dominated by headlines about social polarity, debt, and economic crisis.

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greece, or rather its people, are now paying the price for years of government mismanagement by cooking the books, abusing subsidies, tax avoidance and corrupt practices at the expense of other european countries.

serves them right.

Originally Posted by taxexile

for years of government mismanagement by cooking the books, abusing subsidies, tax avoidance and corrupt practices

sounds like thailand

Originally Posted by taxexile

greece, or rather its people, are now paying the price for years of government mismanagement by cooking the books, abusing subsidies, tax avoidance and corrupt practices at the expense of other european countries.

serves them right.

Yes the people should all now emigrate and just leave the stupid politicians behind to pay the bill.

a large proportion of the people themselves were not averse to trousering money that they didnt deserve. they saw the eu as a way of gaining access to massive handouts easily obtained by using fraudulent accounting techniques.

these things always catch up with you in the end.

got a graph for the contributions per country/per head for that year ?

Originally Posted by baldrick

Originally Posted by taxexile

for years of government mismanagement by cooking the books, abusing subsidies, tax avoidance and corrupt practices

sounds like thailand

Not at all really. Thai govt has not screwed other countries like Greece and other euros did and do.

Originally Posted by Exit Strategy

Thai govt has not screwed other countries like Greece and other euros did and do.

1997 Asian financial crisis - Wikipedia, the free encyclopedia

Originally Posted by Mid

Originally Posted by Exit Strategy

Thai govt has not screwed other countries like Greece and other euros did and do.

1997 Asian financial crisis - Wikipedia, the free encyclopedia

Yes, well aware of that.

What I was saying was Thai govt has not screwed other countries... not making others pay for her, her debt and welfare. That is what half of southern europe does.

Originally Posted by Exit Strategy

What I was saying was Thai govt has not screwed other countries... not making others pay for her, her debt and welfare.

then you are not well aware of the Asian Financial Crisis details .

Originally Posted by Mid

Originally Posted by Exit Strategy

What I was saying was Thai govt has not screwed other countries... not making others pay for her, her debt and welfare.

then you are not well aware of the Asian Financial Crisis details .

But I am aware and know where Thailand was.

Thailand did not receive aid like european countries have received from other european countries. IMF funded Thailand something less than USD20bn, which Thailand paid back. Having a look at your wikipedia link,

"By 2001, Thailand's economy had recovered. The increasing tax revenues allowed the country to balance its budget and repay its debts to the IMF in 2003, four years ahead of schedule"

In contrast, europeans seem not to be planning to pay back their debt. Yes, that is my opinion and I believe I am wrong when they have paid it back.

Originally Posted by Exit Strategy

Having a look at your wikipedia link,

The crisis started in Thailand (well known by the Thais as วิกฤตต้มยำกุ้ง, literally translated as Tom Yam Kung crisis) with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its fixed exchange rate, cutting its peg to the US$, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven.

At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. [1]

Originally Posted by Exit Strategy

What I was saying was Thai govt has not screwed other countries... not making others pay for her, her debt and welfare.

although all suffered from a loss of demand and confidence throughout the region.

.

Now I am starting to think You don't know the background or what happened after.

Fact remains Thailand paid back the debt in few years, ahead of schedule. Euro states like Greece have something like 50 year plans and they are already missing payments and demand more money, which does not come from IMF but from individual countries in northern europe who are struggling to keep their hospitals running in this euro-made depression. All this to keep the euro alive and ouzo drinks flowing and carefree life intact in southern europe.

I feel it is an insult to Thailand to compare her with euros.

Perhaps you have misread something?

Originally Posted by Mid

Originally Posted by Exit Strategy

Having a look at your wikipedia link,

The crisis started in Thailand (well known by the Thais as วิกฤตต้มยำกุ้ง, literally translated as Tom Yam Kung crisis) with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its fixed exchange rate, cutting its peg to the US$, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven.

At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. [1]

Originally Posted by Exit Strategy

What I was saying was Thai govt has not screwed other countries... not making others pay for her, her debt and welfare.

although all suffered from a loss of demand and confidence throughout the region.

.

Originally Posted by taxexile

greece, or rather its people, are now paying the price for years of government mismanagement by cooking the books, abusing subsidies, tax avoidance and corrupt practices at the expense of other european countries.

serves them right.

have to agree, ran a small hotel in the main tourist part of athens years ago before
the current problems,was a eye opener to see the tax dodging, seemed liked all the greeks i met did it,and rorting the eu grants was a national past time.

Originally Posted by reddog

the eu grants

Well they built a highway with Northern Euro money, but oops it wasn't there when it was inspected. Fancy that... Billions of taxpayer money lost on EU corruption every year and you keep paying, for a loser continent. Wake up

"Brussels has criticised "breath-taking" levels of corruption across Europe but suppressed findings on wrongdoing within EU institutions"

EU corruption costing economy £100bn a year - Telegraph

And you say Thailand is corrupt 555