x PhoneArena is looking for new authors! To view all available positions, click here.
  • Home
  • News
  • Did 100 iPads save Greece from financial collapse?

Did 100 iPads save Greece from financial collapse?

Posted: , by Andrew B.

Tags:

Did 100 iPads save Greece from financial collapse?
The government of Greece has been struggling with debt restructuring amid one of the world's worst financial struggles in history. The government  needed to find a way to drastically slash the debt from $270 billion to $140 billion, and thanks in part to the iPad, it did just that.

Looking for a radical, more efficient method in the way the financial restructuring was done, the government brought in Bob Apfel, of Bondholder Communications Group. He was responsible from getting some 100,000 bondholders located around the globe to sign off on restructuring plan comprised of a series of complex transactions. The challenge with that sort of task is how to get the literature out and available to so many people remotely.

Apfel felt that the best means to do this was to create a custom debt restructuring app, and distribute it to those needing to use it through the use of the iPad. The goal was to create "a platform that could follow the financier" said Apfel. He went on to say "It was the largest financial transaction in the history of the world, and we couldn't have done it without the iPad."

The story turned out great, and yes, Greece was saved (in part) thanks to the iPad and some ingenuity on Bob Apfel's part. Greece knocked $130 billion in debt off its books, and is now a more healthy, financially stable country.

source: AppleInsider


48 Comments
  • Options
    Close




posted on 25 May 2012, 09:05 6

1. PhoneArenaUser (Posts: 5422; Member since: 05 Aug 2011)


Greece = Shame (but it is only mine opinion)

posted on 25 May 2012, 14:46 1

19. vaspvasp (Posts: 11; Member since: 23 May 2012)


That is what the media wants you to think as an opinion. The economic crisis is not Greece, its all around the world, and the dept larger countries are in (ie USA,GB, Spain, Italy, France...) is nothing compared to what Greece owes.

You would also not be aware that Germany has not ever paid Greece for 2nd world war military compensation, which with intrest today wipes out all of Greece's dept. Of course you wouldnt know that.... why? because that is something the media doesnt really want you to know.

its important to focus on Greece now, so that the economic crisis of the rest of the world is shadowed...

(but this is only my opinion as well)

posted on 25 May 2012, 16:07 1

20. PhoneArenaUser (Posts: 5422; Member since: 05 Aug 2011)


"That is what the media wants you to think as an opinion."

Why are you talking so much about the media... Do you think that media from all world is against Greece? Yah right...
I say that not because of media! There is more sources than only media! So stop saying that media draw negative picture of Greece because it is bulls**t.

"the economic crisis is not Greece, its all around the world..."

Yes I know that.

"...and the dept larger countries are in (ie USA,GB, Spain, Italy, France...) is nothing compared to what Greece owes."

But for some reasons not other countries, but especially Greece are in deepest s**t at the moment and exactly from Greece Euro Union countries starts collapsing... Interesting why?
As you say it is world's economic crisis, but for some reasons Greek treasury is in deepest s**t at the moment...

"You would also not be aware that Germany has not ever paid Greece for 2nd world war military compensation, which with intrest today wipes out all of Greece's dept."

Greece wasn't the only one country which suffered from 2nd World War and 2nd World War isn't the reason why Greece and all Europe is in such economic situation so stop to pose as disadvantaged victim.

"its important to focus on Greece now, so that the economic crisis of the rest of the world is shadowed..."

No one denies that the economic crisis is all over the world (particularly in Europe).

(But as well it is only mine opinion or maybe not?)

posted on 25 May 2012, 19:19 1

22. Manos (Posts: 16; Member since: 16 May 2012)


Hey, next time before you speak about Greece, make sure that you 've washed well your mouth!

You 've got to be totally clueless to express such an opinion for such a delicate matter.
So get your answers:
1. It is much easier to hit Greece than USA though US owes 110 times more than Greece! I am not going to analyse why, hope you can understand it but let me just tell you this Germany borrows money from the central European bank with 1% and loans Greece with 6%. That is not called help but USURY!
2. Greece was the only country that was forced to LOAN money to Germany in the 2nd WW and it was the only country which lost it's stock in gold!
No one is claiming that money today, it is just a reaction on the pressure of Germany for more austerity measures.

If you want to learn what is going into my country i am willing to tell you! Until then just shut it up and think before you ever express such a racistic opinion!

posted on 25 May 2012, 20:01 2

23. remixfa (Posts: 13902; Member since: 19 Dec 2008)


im sure it has nothing to do with the huge benefits, cradle to grave government coddling, and everything else. Europe owes America billions and billions that we will never see in return. Just like we owe china at this point.. lol.
Point is, the problem is with the social system. Socialism doesnt work. Period.

posted on 25 May 2012, 20:53 1

24. PhoneArenaUser (Posts: 5422; Member since: 05 Aug 2011)


"Hey, next time before you speak about Greece, make sure that you 've washed well your mouth!"

I din't said that Greece is s**t, I said that at the moment Greeces economy is in deep s**t. Anyway, I'm apologize if it was rude, sorry!

"It is much easier to hit Greece than USA though US owes 110 times more than Greece!"

Here is example for you (numbers are choosen only for example):

For example US spends 100$ per year for military purposes and Russia spends 80$ per year for military purposes.
Question for you, which country do you think spends more money for military purposes per year?
If you think US then you are totally wrong!

Because firs you should look at GDP (Gross Domestic Product) per year of each country and only then compare numbers! And according to GDP per year US spends less for military purposes than Russia because US has higher GDP per year than Russia.

So don't look that US have 110 times more owes than Greece, but they still have higher GDP. While your GDP is always falling. That also proves that there is very small chance that Greece will ever return debt and also that proves that all money which you have borrow are just wasted and it is huge lose for all Europe economy system, not only for Greece!

"...Germany borrows money from the central European bank with 1% and loans Greece with 6%. That is not called help but USURY!"

Ok, then can you explain me this, If it is "USURY" as you say, then why Greece took this "USURY" ?
And again if it is "USURY" then why Greece have tried to took one more loan after they took first one ?
And why Greece is borrowing money if don't want to tighten belts ?

"Greece was the only country that was forced to LOAN money to Germany in the 2nd WW and it was the only country which lost it's stock in gold!"

I can't understand why are you talking about WW2, does it have something to do with Central European Bank? I guess no! Then please leave WW2 grievances away, because the rest part of Europe doesn't have anything to do with Greece and Germany WW2 grievances! Ok?
And anyway Greece wasn't the only one country which suffered from WW2 there also was countrys through which was going frontlines also there was countrys which was occupied over WW2 and after, so for all of this countres was made material, moral and spiritual damage. So, please don't act like Greece was the only one country which was materially affected by WW2...

"...before you ever express such a racistic opinion!"

I don't have anything against your race and there wasn't anything racistic in mine expression so shut up before blaming!

posted on 26 May 2012, 01:16 1

29. vaspvasp (Posts: 11; Member since: 23 May 2012)


again in this post you have your numbers and ideas misunderstood.

Go take a visit to Greece and see if the 'belts arent tight enough' for you and then decide if the terms of loans are usury or not.

I hope Greece does leave the currency and Germany does lose their loan's value, because if you ask Greeks, they will tell you that ever since their civil war their country has pretty much been run with what the EU/US guidlines were at the given time.

Of course Greek politicians are of the worst that can be with lots of money spent for their benefit, but the simple people doing all the work, paying the taxes and not getting anything out of it have had enough. And when nothing goes forward, and more sanctions are placed, of course everyone is looking for a way out.

Anyway, your views show that you haven't got a clue and you are just repeating what the media want's you to know. So with the marvel of the internet, search a bit more, listen to both parties(EU and Greeks) before forming and posting an opinion, otherwise this will be an endless blog.

posted on 26 May 2012, 06:28

30. PhoneArenaUser (Posts: 5422; Member since: 05 Aug 2011)


For me it is enough that I personally know some people who visted and few people who even temporary lived in Greece and all of them talk the same things about Greece. They say that:

Greek government was all the time stealing and wasting money from European Union funds which were intended to support Greece. But simple Greek people was sitting quiet and didn't done anything to prevent such situation because in return Greek government let them live not by Greece budget abilities. Greek government intentionally set too low taxes, increased average pension and was looking through the fingers while most of Greek entrepreneurs was hiding and not paying the VAT (Value Added Tax). Greek people was happy but such frivolous life can't last forever and came the day when budget was empty and Greece was forced to take a loan. Unfortunately Greece didn't want to 'tighten belts' and wasted all money again, so soon Greece came asking for another loan but Germany didn't agree to provide the loan. In response Greece shamelessly started to insulting Germany. Greek government announced for people that they will have to 'tighten belts', of course the Greeks was used to live carelessly so they began to protest and rise the riots. Riots was stupid idea because there is no other way only to 'tighten belts'. Thought riots they just devastated city and that was stupid because Greece is already in deep economic crisis and least what they need is more economic losses. Greeks shouldn't search for scapegoats because all Greek nation with their government is guilty. Government was stealing and wasting money from European Union funds which were intended to support Greece. Greek people was sitting quiet and didn't done anything to prevent such situation because in return Greek government let them live not by Greece budget abilities. Also they was avoiding to pay taxes. So both sides ar guilty. And now due to Greece may collapse all Europe Union.

Also, Greece keep in mind that other Europe Union countries do not care abou your controversy with Germany. Discussion about the past is not helpful at all to solve the problems facing us in Europe today!

FOR ME IT IS TRUE AND MINE OPINION, IF SOEMONE DISAGREE WITH IT OR DON'T LIKE IT, MAY HAVE THEIR OWN !!!

posted on 26 May 2012, 13:27

32. vaspvasp (Posts: 11; Member since: 23 May 2012)


You heard from some friends of people you have friends and lived in Greece and they told you, and then you found out and then you wrote on a phone website a comment that you thought you had the ability to form an opinion and then you posted it.

Is this the way you form your opinions? I rest my case!

Im all for freedom of speech, but when you say things you havent thought through, better expect to be critisized as well.

have fun, and stick to subjects you do your own research, not the above!

posted on 26 May 2012, 11:05

31. Manos (Posts: 16; Member since: 16 May 2012)


Here we go again...
I don't know what job you 're doing but i can assure you that because of mine i know enough economics (economist).

1. "Because firs you should look at GDP (Gross Domestic Product) per year of each country and only then compare numbers! And according to GDP per year US spends less for military purposes than Russia because US has higher GDP per year than Russia"
GDP is not the whole view. Go tohttp://en.wikipedia.org/wiki/File:PublicDebtTriade .PNG and check this... Japan owes 180% of it's GDP, Greece owes 125%. Is the Japanese economy collapsing? There are too much to be told and written about the whole crisis subject but i assure you that the money that some make by hitting countries like Greece is huge (see Portugal)!
2. "Ok, then can you explain me this, If it is "USURY" as you say, then why Greece took this "USURY" ?
And again if it is "USURY" then why Greece have tried to took one more loan after they took first one ?
And why Greece is borrowing money if don't want to tighten belts ?
Greece as a member of the EU according the EU "rules" is engaged ,like any other member, to refer only to the EU and it's Bank, the C.E.B. That is why Greece couldn't move on and agree with China for 80 bn loan last year. So it is stuck with the IMF (see Argentina) and the EU. France is borrowing money from the CEB and gives it to Greece but it doesn't apply any extra interest on it. Germany though does through it's federal Bank! That in economical term is called USURY, 600% interest...
3. "I can't understand why are you talking about WW2, does it have something to do with Central European Bank? I guess no! Then please leave WW2 grievances away, because the rest part of Europe doesn't have anything to do with Greece and Germany WW2 grievances! Ok?
And anyway Greece wasn't the only one country which suffered from WW2 there also was countrys through which was going frontlines also there was countrys which was occupied over WW2 and after, so for all of this countres was made material, moral and spiritual damage. So, please don't act like Greece was the only one country which was materially affected by WW2..."
As i wrote the previous time the whole matter is just a reaction to the austerity measures that Merkel wants to be applied. I am Greek, I live in Germany and i have nothing against the Germans! It's the politicians that are always screwing thing up.
3. "Greek government was all the time stealing and wasting money from European Union funds which were intended to support Greece"
That's True!
4. "Greek government intentionally set too low taxes"
Man, 19% VAT is not called low!
3. "Greece = Shame (but it is only mine opinion)"
This was your opinion... you characterize a country and it's nation. That's called racism!
If you are not one then change your expressions!

End of session...

posted on 26 May 2012, 00:45 2

27. Lucas777 (Posts: 2121; Member since: 06 Jan 2011)


greece is a huge financial risk while germany has arguable the most stable economy in the world… its basic economics that greece would have to pay a higher interest rate… partially because there is the chance they will return to the drakma, inflate it, and then the german loans are worthless… Germany is giving as much leeway as it can, and is committed to keeping the euro stable, therefor taking the risk in greece and trying to keep you people from leaving-- although for greece departing seems to be the better option-- in other words dont wish for the benefits of the euro without taking the german demands with it

posted on 27 May 2012, 17:17

45. Manos (Posts: 16; Member since: 16 May 2012)


Well...
"its basic economics that greece would have to pay a higher interest rate"
Partially right, if they were taking the loans from the same source, in this case Germany is borrowing money through its federal bank and loans it to Greece, though France is, lets say, just transferring the money to Greece with almost the same interest!
"Germany is giving as much leeway as it can, and is committed to keeping the euro stable, therefor taking the risk in greece and trying to keep you people from leaving"
Germany does it's best for it's own country, nothing to blame them about. The point is that the whole situation is for their own benefit, they are not losing money but they are making more (6% of i and many more such as forcing Greece to buy weapons, submarines and more). There have been quite a few studies showing that Germany and then american banks are making a lot from this story.
" although for greece departing seems to be the better option"
That's my man! You got it... It will restart the Greek economy as far as a loyal government will take care of the natural resources of the country instead of selling it for a penny to foreigners.

posted on 26 May 2012, 01:07 1

28. vaspvasp (Posts: 11; Member since: 23 May 2012)


''Why are you talking so much about the media... Do you think that media from all world is against Greece? Yah right...
I say that not because of media! There is more sources than only media! So stop saying that media draw negative picture of Greece because it is bulls**t.''

First of all, read properly what i write and then comment, as this is just going to be a meaningless dialogue if i am to be talking to a 10 year old.
I didnt say that media is making Greece looks like a victim. Of course Greece is in dire straights, but the problem is that its not Greece the main problem but all of the above countries that owe money, and media is focusing on Greece so that the rest of the countries continue on fighting their debts in shadows.

''But for some reasons not other countries, but especially Greece are in deepest s**t at the moment and exactly from Greece Euro Union countries starts collapsing... Interesting why?
''

The EU is NOT collapsing, the EU currency might. Get your facts right. And even if Greece's crisis continues, the EU currency will still be ok if you ask me. Also if you check history, on all attempts to have a unified currency, it always collapsed. Im not going to go through with you why, google it. However, if Greece stays and doesnt collapse the currency, then maybe Spain, Italy will take over and then Greece may not seem that big of a problem. What will you say then? change your tune? Its only a matter of time, as i said, Greek debt is peanuts when it comes to other european countries.

''Greece wasn't the only one country which suffered from 2nd World War and 2nd World War isn't the reason why Greece and all Europe is in such economic situation so stop to pose as disadvantaged victim.''

This comment is just pure stu£&*id!!! How the hell does this has anything to do with what i said above?
Here we go again, ill give it one more try for you. WW2, Germany pays all other counties compensation for the destruction they cause, BUT leaves a few countries without compensation, one of which is Greece. IF there was a proper legal system in europe, and Greece took Germany to court, to settle this, the amount that Germany would have to pay today, would cover Greece's debt. (similar to if you take someone to court for money they owe you after a few years, they should pay interest as well). Get it now? No victimisation, JUST PLAIN FAIR!!!

Here is another fact for you, just to improve your views that MEDIA is making you say:
In the greek aegean sea there are oil deposits, known for many years,that Greece is unable to take advantage of, because... Turkey says that if Greece does, then as far as Turkey is concerned, this would be an act of war!!!!(???)!!!

So they cannot take advantage of their own resources, become as rich as Norway, and EU is not baking them up either. Nice, huh?

posted on 27 May 2012, 02:38 2

37. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Translation: Greece used an iPad to do something positive so I'm now anti Greece.

What a troll

posted on 27 May 2012, 12:17

40. remixfa (Posts: 13902; Member since: 19 Dec 2008)


you never get any smarter, do you?

posted on 25 May 2012, 09:06 15

2. remixfa (Posts: 13902; Member since: 19 Dec 2008)


wow, what a fluff piece.

1) the app would have been distributed faster on android since there isnt such a long control process to get to market
2) had they used something like the Note, they could have all digitally signed their own signatures
3) hey wouldnt have needed an app on android, as he could have just uploaded it to google drive and had everyone copy and sign instantly as an alternative.
4) greece is still on the verge of a total collapse that is taking the EU with it and is helping to drive down our markets as well, so the end part is BS.
5) using anything but apple would have saved them a ton more money by getting cheaper tablets. the 200 kindle will do everything that the 500 ipad will do. if your trying to save money, apple is not the answer

posted on 25 May 2012, 22:13 1

25. Lucas777 (Posts: 2121; Member since: 06 Jan 2011)


cant just settle for "good job apple your products benefited the world" eh?

posted on 26 May 2012, 19:00 2

33. Slammer (Posts: 926; Member since: 03 Jun 2010)


What he is saying, is that as good as the iPad may be, less expensive tablets such as the Kindle Fire as example, would indeed serve up this same goal and save financial funds in the process. People need to segregate their love for a product from what is dynamically feasible to attain solid financial discipline in meeting these goals. Mr. Apfel is a Fiduciary that should have an obligation to help his clients in ALL aspects of saving funds. He is a proponent of Apple and has overlooked the possibility that less expensive alternatives would have sufficed. Purchasing top line products on a personal level is far different than being pubilcally funded.

I have the same opinion with schools. We as tax payers are trying to quell districts from over spending, yet they supply the schools with the most expensive tablet. They didn't practice this with PCs. Why should it be different with tablets? I have a problem with it and so should those that are trying to keep their taxes to a minimum.

John B.

posted on 27 May 2012, 02:36 1

35. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


More drivel from slammer

posted on 27 May 2012, 02:36 1

34. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Guess what they didn't use any of your crapdroid tablets. They used an iPad.

End of story troll

posted on 27 May 2012, 09:18

38. Slammer (Posts: 926; Member since: 03 Jun 2010)


Well Taco50, I'm sorry if I emotionally scared your feelings. I trolled with valid facts comprised of documented excerts from many financial advisory reference points.

I was an Apple supporter for 12 years ('85-'97). I will tell it like it is. I was one you couldn't talk to me about anything but Apple until I realized the truth.

The truth of the matter is, Apple is overhyped. Consistantly controlling what users are to do or not do, can have or can't have. Always on their terms. 30 years of abstinence should be a clue for people. To almost fall to bankrupsty because of it. Our generation didn't buy their hyperbole. Only 5 years ago, does a thirty year old company with the same damn directive, become popular with a new generation. Made successful by Steve Jobs' brilliant marketing and the ability to plant sheeple advertising into the brains of this generation. Itunes is an implentation by Apple to generate even more money from users. If not for itunes, Apple would fail to operate on standard practice. I hope you're following me here Taco50, because I don't want you to get lost in liu of facts. Apple is all about pleasing shareholders. Using the cheapest parts and labor as possible and incorporate it into products to sell at 20-70% higher than their competitors.

My previous post was legit and I stand by it.

If you really feel Android is less competent than Apple, please list your issues because I haven't found one thing I can't do with Android than you can do with Apple. Truth!

You really need to step away from the Idiot-savant persona and realize Apple is in this to dictate and take as much as your money as possible. That is it, nothing more. When will people realize this?

John B.

posted on 27 May 2012, 12:05

39. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


You post the same drivel every time. Apple is successful because they make really good products. People but Apple because they want to. The whole marketing nonsense is just that. Nonsense. Even with good advertising a product has to stand on its own once it's purchased.

Android is a 2nd rate copycat product.

posted on 27 May 2012, 13:06

43. Slammer (Posts: 926; Member since: 03 Jun 2010)


I don't post drivel. I post comments that are relevant to the topic and feel they can be instrumental in helping understand some points. If you disagree, that is your choice.

Trivia question:

"Good artists copy, great artists steal. Apple has always been shameless in stealing other's ideas" Who is quoted as saying that?

Check out the 1987 Linus Write-top and the 1993 IBM Simon phone. You may find it interesting.

John B.

posted on 27 May 2012, 12:19

41. remixfa (Posts: 13902; Member since: 19 Dec 2008)


idiot savant would mean that he is extraordinarily good at something other than being an idiot. :)

posted on 27 May 2012, 12:47

42. Slammer (Posts: 926; Member since: 03 Jun 2010)


Most individuals in this forum are intelligent. He does fall into this category. However, I feel he lacks sufficient knowledge of Apple and its 30 year history.

John B.

posted on 27 May 2012, 15:54

44. remixfa (Posts: 13902; Member since: 19 Dec 2008)


when exactly has he ever shown any form of high intelligence? Most members of this board are pretty intelligent, he is not one of them.

posted on 27 May 2012, 19:27 1

46. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


You constantly mispell words, make statements that are not based on facts and are a middle aged phone salesman. How can you judge others when you have accomplished nothing in your life?

posted on 27 May 2012, 19:37

47. remixfa (Posts: 13902; Member since: 19 Dec 2008)


this is like the 10th time you have tried this inaccurate attack, nearly word for word. Do you like have a copy/paste insult document? what a maroon.

whats it like living with mommy?

And with that, you 100% prove my point. You lack intelligence of any form.

posted on 28 May 2012, 00:38

48. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


let's see delivered pizza and now sell cell phones, have never moved up in your industry in the 5 or so years you've worked in it.

Oh yea fired by Verizon

posted on 25 May 2012, 09:08 6

3. Fallout09 (Posts: 412; Member since: 17 Oct 2011)


"The challenge with that sort of task is how to get the literature out and available to so many people remotely." Would a email work just as well? Last time I checked... Emails are free and send instantly. Actually I would figure it would have saved even more money by not paying to have an iPad app developed. I write this article off as Apple Propaganda.

posted on 25 May 2012, 09:11 2

4. AppleConspiracy (Posts: 627; Member since: 18 Oct 2011)


iPad must be our Messiah - it will save the unsaveable Greece and one again prove that it is divine, omnipotent object directly taken from the hands of God.

posted on 25 May 2012, 09:16 2

5. BattleBrat (Posts: 1037; Member since: 26 Oct 2011)


Have you seen that painting of Moses coming down from the mountain holding the 10 commandments with that glowing halo around his head? I just had an image of that, but replace Moses with Steve Jobs and the 10 Commandments with an iPad

posted on 25 May 2012, 10:00 1

8. AppleConspiracy (Posts: 627; Member since: 18 Oct 2011)


Succes of Apple and Steve Jobs is based on messianic propaganda.

Steve Jobs' humoristical remark on Moses during promotion of the first iPad was just a cover to hide the fact that it is really the case - iPad is meant to represent u blank slate on which New Human will be inscribed, a New World Order.

And then everyone started to cal it "magical" and really act like it is - it generates beer, it is thrown itno a volcano, form outer space and other ceremonial and ritual sacrificing to the Gods...

posted on 25 May 2012, 09:22 3

6. shadowcell (Posts: 300; Member since: 28 Mar 2012)


I uhhh don't understand. It's a nice touchy story but there's no explanation onto how it happened.

posted on 25 May 2012, 09:43 6

7. Fallout09 (Posts: 412; Member since: 17 Oct 2011)


Because it is complete and utter BS Apple Propaganda. "It could only have been accomplished with an iPad." Nonsense.

posted on 25 May 2012, 10:01 2

9. Croxy (Posts: 55; Member since: 06 Dec 2011)


Apple paid them those huge billions to cut of their dept and promote iPad as a dept solving device :D JK

posted on 25 May 2012, 10:02 9

10. Penny (Posts: 1088; Member since: 04 Feb 2011)


Sure, Germany is doing nothing to help Greece, it's all the iPad...

posted on 25 May 2012, 10:07 2

11. PhoneArenaUser (Posts: 5422; Member since: 05 Aug 2011)


Directly into the top ten!

+1 For you!

posted on 26 May 2012, 00:39

26. Lucas777 (Posts: 2121; Member since: 06 Jan 2011)


actually germany is a large problem for greece… if germany would allow greece to either inflate prices (which german austerity will not permit), or exit the euro and inflate the drakma (which is much more likely), then Greece would be able to pay of its debt and take the long road to recovery… germany is blocking greece as they are in the euro for the long haul

posted on 25 May 2012, 10:12 3

12. iShepherd (Posts: 38; Member since: 17 Oct 2011)


The iPad didn't save them. It was just simply someone with enough brains to realize there is this neat thing out there called modern technology. This just goes to show that the people in charge are just a bunch of bungling idiots who've made a pact with the Devil a.k.a Goldman Sachs and now the rest of Greece, Europe, and the wider world, is paying for it.

Seriously, does no one vet any of these articles that pop up on this site?

posted on 25 May 2012, 10:16 5

13. iamcc (Posts: 1319; Member since: 07 Oct 2011)


I can't wait until the iPad saves our economy.

posted on 25 May 2012, 10:22 3

14. EclipseGSX (Posts: 1546; Member since: 18 Oct 2011)


Screw Obama, we want the iPad!

posted on 25 May 2012, 10:33 1

15. remixfa (Posts: 13902; Member since: 19 Dec 2008)


ipad for president? lol. i guess it could do less damage than another 4 years of obummer

posted on 27 May 2012, 02:37

36. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)


Why that was witty

posted on 25 May 2012, 10:35 4

16. jmoita2 (Posts: 930; Member since: 23 Dec 2011)


This MUST be a joke... Do you know what Apfel means in German??? Apple...lol

posted on 25 May 2012, 12:35 4

17. darac (Posts: 2156; Member since: 17 Oct 2011)


Wow, can't believe what I've just read.
So bad it's not even funny

posted on 25 May 2012, 12:48 3

18. SuperEd (Posts: 112; Member since: 18 Oct 2011)


PA. You have got to be kidding me on this, most wasteful, shameless iPad propaganda. I know there are some loonies out there...but this just takes the cake. WOW. Um, sorry...who wrote this!? Andrew? Seriously? I really hope you ARE an Apple guy! Cuz if not, you really need to do a little deeper digging here. don't get me wrong. I'm not an Apple hater at all. In fact, i'm a Windows fanboy all the way...BUT, i too like many appreciate what the iPad has to offer. I have one. So don't start with me. But this article is just sad. Got to me honest here.

posted on 25 May 2012, 16:22 1

21. grif_ (Posts: 61; Member since: 28 Apr 2012)


they need greece lighting!

Want to comment? Please login or register.

Latest stories