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#2
Who the hell is making all these decisions for Greece?

"Mr. Thadaponoukosoropodos, I believe that a investment in this racetrack will do much to recover our country from the economic crisis we are currently experiencing."
"Why, Mr. Porousunpakosoumonous, I believe I am inclined to believe you! Good show!"
#3
what the ****
Quote by EpiExplorer
I swear this guy in particular writes for the telegraph or some shit.

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#6
Quote by entity0009
Who the hell is making all these decisions for Greece?

"Mr. Thadaponoukosoropodos, I believe that a investment in this racetrack will do much to recover our country from the economic crisis we are currently experiencing."
"Why, Mr. Porousunpakosoumonous, I believe I am inclined to believe you! Good show!"


and then you have Mr. Kolololpololokous who goes crawling to Germany

- Um, you know that money you lent us? Uh... well.... um, we need some more. Nascar ain't gonna get its big break in Europe without a little help.
Quote by Ichikurosaki
sloth is hacking away feebly at the grass because he is a sloth but he was trying so hard ;_; hes all "penguin im HERE i am here to help you penguin"
#8
Mr Samaras will target pensions, benefits, and top civil service pay in a bid to unlock the next €31bn payment from the EU.


That pretty much explains it all.

I'm sure some people who are higher ups have incentives to get that shit built, and they only have to offset the costs by ****ing over common people.

Politics 101.

Appease the winning coalition at all costs.
#9
Quote by Demon Wolf
and then you have Mr. Kolololpololokous who goes crawling to Germany

- Um, you know that money you lent us? Uh... well.... um, we need some more. Nascar ain't gonna get its big break in Europe without a little help.

#10
Perhaps they can buy one off France. They have a few and are heading to bankruptcy the same way as Greece thanks to the mad socialist policies of their new Government.
Sergio 'Checo' Perez 2013 Formula One World Drivers Champion
#11
Quote by entity0009
Who the hell is making all these decisions for Greece?

"Mr. Thadaponoukosoropodos, I believe that a investment in this racetrack will do much to recover our country from the economic crisis we are currently experiencing."
"Why, Mr. Porousunpakosoumonous, I believe I am inclined to believe you! Good show!"




(He's Greek , by the way. Giorgio A. Tsoukalos is his name)
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#12
Quote by devourke
^lool

Relax guys it's only 94 million.

94 million?
Why don't they build 2?
Quote by Diemon Dave
Don't go ninjerin nobody don't need ninjerin'
#15
Quote by laid-to-waste
idc, F1 drives me crazy

I used to do a pub quiz, where one of the other regulars looked like Bernie Eccleston. He even wore this tatty old Ferrari jacket.
Quote by Diemon Dave
Don't go ninjerin nobody don't need ninjerin'
#17
Quote by laid-to-waste
you mean ecclestone you little bitch

Meh, he'll never notice.
Quote by Diemon Dave
Don't go ninjerin nobody don't need ninjerin'
#18
Greece's Debt is like 150% of their GDP

So I'm curious as to whose money they are actually spending.
#19
The Greek Government is to provide 30m euros, the rest is private funds.

The headline is misleading.

That's not to say it's right, but it's not Greece spending 100m.
Rhythm in Jump. Dancing Close to You.

Quote by element4433
Yeah. people, like Lemoninfluence, are hypocrites and should have all their opinions invalidated from here on out.
#20
Quote by Lemoninfluence
The Greek Government is to provide 30m euros, the rest is private funds.

The headline is misleading.

That's not to say it's right, but it's not Greece spending 100m.

just curious, what kinds of things are private funds?
Quote by slapsymcdougal
Meh, he'll never notice.

you're right, slapsymcdouga.
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#21
Quote by laid-to-waste
just curious, what kinds of things are private funds?
you're right, slapsymcdouga.


Possibly F1 money and sponsors and shit?
#22
Quote by laid-to-waste
just curious, what kinds of things are private funds?

funds from a private company.

Greece unblocked a subsidy of 28.9 million euros ($37.2 million) for the construction of an international-standard racetrack that can be used for staging Formula One car racing, the Ministry of Development said.

The track, which will be designed to host other events as well, including world championship motorbike racing and go-kart racing, will be built in Xalandritsa near the western port city of Patras at a total cost of 94.6 million euros, the Athens- based ministry said in an e-mailed statement late yesterday. Racetrack Patras SA, a private investment company, will oversee the project.

http://www.bloomberg.com/news/2012-10-01/greece-unblocks-subsidy-for-formula-1-track-construction.html
Rhythm in Jump. Dancing Close to You.

Quote by element4433
Yeah. people, like Lemoninfluence, are hypocrites and should have all their opinions invalidated from here on out.
#23
This shows how they don't really have a grasp on the concept of money and that when you spend it you no longer have it...
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#24
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.
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#25
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.
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#26
If they didn't spend the money their economy would suffur. Building it gives people work to do.
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#28
Quote 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. I have no problem with another race on the calender.
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#30
If it generates money it's a good idea
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#31
Quote by WCPhils
Um, won't this generate them a ton of money?

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.
Quote by Diemon Dave
Don't go ninjerin nobody don't need ninjerin'
#32
Quote by JackalUK
This man was seen leaving the country shortly after the announcement.



Well played, sir.
#33
Quote by Kensai
If it generates money it's a good idea

Yep. Basically the question is will it generate over the 30 million Greece invested in it?
#36
Quote by frankv
I love the divide of opinions before and after Ur all $h1t's post.



I never noticed that, well spotted.

As an F1 fan, as long as the track is good to watch I'm happy.
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#37
Quote by Jyrgen
Yep. Basically the question is will it generate over the 30 million Greece invested in it?

If it does't it's cool too, cuz Germany will just pay for it anyway. That's the thing, when you are Greece everything is a win win situation.
#38
Quote 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.

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.
Rhythm in Jump. Dancing Close to You.

Quote by element4433
Yeah. people, like Lemoninfluence, are hypocrites and should have all their opinions invalidated from here on out.
#39
That's exactly the thing, it's dependant on getting events to support it in the long run. Will it have any other practical use than an occassional F1-race? Short term influx of construction jobs, yes but what happens when they are done?

That said, it does change things that private investors will stand for most of it, the article was a bit misleading in that regard.
Quote by Ichikurosaki
sloth is hacking away feebly at the grass because he is a sloth but he was trying so hard ;_; hes all "penguin im HERE i am here to help you penguin"
#40
The Greek people could do with a small alleviation of money woes. At least until they are able to pull themselves out of it.

During the off season, the track can be loaned out to other tourneys and recreational stuff
Last edited by Cianyx at Oct 3, 2012,
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