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Old 10-03-2012, 10:00 AM   #41
Deadlock Riff
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Quote:
Originally Posted by mulefish
I don't really see the problem here....

Spending money on this is going to stimulate the economy, create jobs, create tourism opportunities etc etc.



This, MOTORSPORTS MUST THRIVE!

Racing designs and technologies dribble down into common road vehicles so yay.
The revenue generated by the F1 races should be enough to offset the 30 million quite easily.
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Old 10-03-2012, 10:03 AM   #42
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Originally Posted by frankv
I love the divide of opinions before and after Ur all $h1t's post.

Oh just ignore my post than!

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Old 10-03-2012, 10:41 AM   #43
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Originally Posted by frankv
I love the divide of opinions before and after Ur all $h1t's post.

I posted before I even read the thread.
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Old 10-03-2012, 10:49 AM   #44
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Originally Posted by Ur all $h1t
The stupidity in this thread is astounding.

The Greek government are spending 30 Million euros, private groups will contribute roughly a further 70 Million euros. This is a no brainer for the Greek Government, they get to create a large amount of jobs in construction immediately without having to invest nearly as much as they would normally have to, and after it is built it will provide even more jobs, along with potentially a whole heap of jobs in tourism.

Greece badly needs shovel ready projects like this to offset unemployment.


NA GREECE ARE SO DUMB THEY ARE BROKE BUT SPEND MONEY!!!
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Old 10-03-2012, 10:57 AM   #45
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Originally Posted by mulefish
Oh just ignore my post than!


Alrighty then.
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Old 10-03-2012, 11:22 AM   #46
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Clarkson is gonna have something to say about this.
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Old 10-03-2012, 11:24 AM   #47
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Old 10-03-2012, 11:31 AM   #48
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Good and bad, it'll make jobs I guess but not every race track, "F1 designed" or not gets a race.

And the only real good thing that can happen to this is that Herman Tilke doesn't design it.
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Old 10-03-2012, 11:43 AM   #49
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Originally Posted by mulefish
I don't really see the problem here....

Spending money on this is going to stimulate the economy, create jobs, create tourism opportunities etc etc.


This.


Government spending is necessary to revive a country from an economic recession.
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Old 10-03-2012, 01:57 PM   #50
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Originally Posted by ma_tt11
This.


Government spending is necessary to revive a country from an economic recession.

Is that not the kind of thinking that got Greece in the mess that it is in right now?
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Old 10-03-2012, 02:00 PM   #51
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Originally Posted by Philip_pepper
Is that not the kind of thinking that got Greece in the mess that it is in right now?

They're in the situation they're in now due to loaning more than they could pay back, and spending a lot on things that didn't provide long-term revenue, like the olympics. That coupled with a fairly high level of corruption, tax evasion and unwillingness to take austerity measures before it was too late (they still don't, in fact) you got yourself a broke country.
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Old 10-03-2012, 02:05 PM   #52
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Originally Posted by slapsymcdougal
Only if the track actually gets the races it's being built for.
I mean, the Russians are looking to build a GP track for 2014, which would have to be either a new race, or an existing one would have to get bumped.

It might not matter whether or not it gets races if the construction itself generates enough jobs and takes enough people off of welfare.



Quote:
Originally Posted by Lemoninfluence
The problem is that there's no guarantee that it'll be successful.

Greece has never had an F1 driver and that's usually a major factor in the amount of support for the race. Before Fernando Alonso became successful the Spanish GPs were never the best attended ones around, and now they're a massive success and there's usually 2 a season.

Yeah, ok it provides a boost in the short term and it could pay out in the long term, but in terms of projects to choose, it's possibly not the best option.

I could see it providing enough money in construction jobs that it is worth Greece's money, because their investment is being met with twice as much private investment.


I reckon Greece could probably do with better projects, but it would seem that this is the one that there was private case available for.
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Old 10-03-2012, 02:06 PM   #53
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Originally Posted by Philip_pepper
Is that not the kind of thinking that got Greece in the mess that it is in right now?

Countercyclical budget policy dude. Borrow, cut taxes and spend during recession, raise taxes, cut spending during a boom.
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Old 10-03-2012, 02:07 PM   #54
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You can't make money without spending money, so I think this is probably a worthwhile idea.
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Old 10-03-2012, 02:13 PM   #55
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Greece pays only 30 million of it. But still, it makes me angry that Greece is spending our money to build that track.
I don't see why F1 would be a huge success in Greece.

Last edited by Wot's... Uh : 10-03-2012 at 02:18 PM.
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Old 10-03-2012, 02:16 PM   #56
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Originally Posted by Wot's... Uh
Greece pays only 30 million of it. But still, it makes me angry that Greece is spending our money to build that track.


Damn Greeks! Making job spaces and bringing in a ridiculous amount of tourist and sponsorship money! I mean that'll never aid the economy!
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Old 10-03-2012, 02:17 PM   #57
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Old 10-03-2012, 02:19 PM   #58
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Originally Posted by Wot's... Uh
Greece pays only 30 million of it. But still, it makes me angry that Greece is spending our money to build that track.
I don't see why F1 would be a huge success in Greece.

Protip: Money you loan to someone is not your money, particularly when you charge interest on it.
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Old 10-03-2012, 02:27 PM   #59
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Seriously? Their economy is in shambles, and their government has been infiltrated by neo-nazis and a ****ing race track is their big concern? Great job with those priorities, Greece.T__T
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Old 10-03-2012, 02:33 PM   #60
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Originally Posted by IRISH_PUNK13
Seriously? Their economy is in shambles, and their government has been infiltrated by neo-nazis and a ****ing race track is their big concern? Great job with those priorities, Greece.T__T

What would you have them do? Do you have a better idea of shovel ready projects that will attract huge private sector investment to match government investment and employ people with skills in a sector that is currently moribund? Or would you prefer that those people stay on welfare, slowly lose their skills and employability and cost the state 30 million anyway in welfare payments and eventual retraining?
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