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The times ahead are interesting.
Even my right-wing economist friend thinks that it's a fact of physics that Greece can never repay the debt. While I'm not a fan of socialism, the austerity in Greece is causing the economy to drop and debt/GDP to rise. Also we bailed out German and French banks and transferred the debt to EU taxpayers (that includes me). Many outcomes are possible now. Greek banks have been closed for a week now. I correctly predicted a no vote but I wouldn't speculate what comes next.
OT: Just the other day I was discussing cloud with a friend and he brought up the following point. Say you're in Greece and have cloud servers abroad. Banks and payments freeze, you have the money but cannot pay your cloud provider and cannot access servers. Another case: You're in Slovenia and IRS mistakenly decides you owe them money (happen to few self employed friends). They seize money from your bank accounts, you are unable to pay for cloud hosting, you can no longer access your data. After a month they realize their mistake and unblock you but the damage to your business has been done.
Another example: Slovenian Telecom bought Macedonian cell provider from Greeks for a good price or so they thought. Then they realized that all subscriber data resides on Greek servers which the Macedonian provider is renting at 100.000s Euros a month. The solution to replace that cost at least half a million EUR and at any point the Greeks had the option to pull the plug on them.
Even my right-wing economist friend thinks that it's a fact of physics that Greece can never repay the debt. While I'm not a fan of socialism, the austerity in Greece is causing the economy to drop and debt/GDP to rise. Also we bailed out German and French banks and transferred the debt to EU taxpayers (that includes me). Many outcomes are possible now. Greek banks have been closed for a week now. I correctly predicted a no vote but I wouldn't speculate what comes next.
OT: Just the other day I was discussing cloud with a friend and he brought up the following point. Say you're in Greece and have cloud servers abroad. Banks and payments freeze, you have the money but cannot pay your cloud provider and cannot access servers. Another case: You're in Slovenia and IRS mistakenly decides you owe them money (happen to few self employed friends). They seize money from your bank accounts, you are unable to pay for cloud hosting, you can no longer access your data. After a month they realize their mistake and unblock you but the damage to your business has been done.
Another example: Slovenian Telecom bought Macedonian cell provider from Greeks for a good price or so they thought. Then they realized that all subscriber data resides on Greek servers which the Macedonian provider is renting at 100.000s Euros a month. The solution to replace that cost at least half a million EUR and at any point the Greeks had the option to pull the plug on them.
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