{"id":16474,"date":"2011-11-16T09:15:25","date_gmt":"2011-11-16T14:15:25","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=16474"},"modified":"2016-09-20T10:29:10","modified_gmt":"2016-09-20T14:29:10","slug":"a-little-help-please-how-is-greece-going-to-pay-back-the-loans","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2011\/11\/16\/a-little-help-please-how-is-greece-going-to-pay-back-the-loans\/","title":{"rendered":"A Little Help Please: How Is Greece Going To Pay Back the Loans?"},"content":{"rendered":"<p>Greece is going to get another $100 billion or so to &#8220;help&#8221; with their economic malaise. As we are being told, this is to provide for essential services and funds to pay bond interest until the austerity measures kick in.<\/p>\n<p>Supposedly, the bridge loans being supplied by the EuroZone members and the<!--more--> EFSF will be repaid. Really? With what funds?<\/p>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-disciplined-investor\/id217999782\" target=\"_blank\"><img decoding=\"async\" class=\"size-medium wp-image-257 alignright\" title=\"iTunes Subscribe\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/11\/itunes_subscribe3-5.png\" alt=\"\" \/><\/a>The economy is moving backward and the austerity measures are just creating more reason for Greek citizens to stop paying taxes and now this:<\/p>\n<blockquote><p>(Bloomberg) &#8212; Toll road operators in Greece have been hit by mass toll-dodging as some Greek road-users join a civil disobedience campaign in response to their country\u2018s economic crisis, FT reports. \u00a0 Hochtief AG, Vinci SA and Ferrovial SA are among several companies involved in Greek highway concessions that wrote a joint letter to new Greek Transport Minister Makis Voridis about Greek road-users refusing to pay tolls, which are administered by the government, on roads, FT reports.<\/p>\n<p>Hochtief said it has seen \u201cpersistent mass toll-dodging\u201d\u009d on two roads it built in Greece, resulting in \u201cmajor shortfalls in income,\u201d\u009d FT says. The companies invested 3 billion euros in the roads, and have received only 800 million euros in tolls, which have been cut by the government in response to protests, FT says.<\/p><\/blockquote>\n<p>So the question is: Where exactly is the revenue going to come from to pay back the loans? Or are these really gifts in disguise?<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/11\/Greece-Toll-Protest_Hera1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16482\" title=\"Greece Toll Protest_Hera1\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2011\/11\/Greece-Toll-Protest_Hera1-1.jpg\" alt=\"\" width=\"420\" height=\"280\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece is going to get another $100 billion or so to &#8220;help&#8221; with their economic malaise. As we are being told, this is to provide for essential services and funds to pay bond interest until the austerity measures kick in. Supposedly, the bridge loans being supplied by the EuroZone members and the<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481,355,483],"class_list":["post-16474","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","tag-financial-crisis","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/16474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=16474"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/16474\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=16474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=16474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=16474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}