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April 20 2024 3.53am

Greece on the Edge

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View tome's Profile tome Flag Inner Tantalus Time. 29 Jun 15 11.11pm Send a Private Message to tome Add tome as a friend

A good article: [Link]

Does seem to me to be rather hypocritical on the behalf of European leaders that debt relief or restructuring is not seen as the least worst option.

 


A one and a two...

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View Johnny Eagles's Profile Johnny Eagles Flag berlin 30 Jun 15 8.19am Send a Private Message to Johnny Eagles Add Johnny Eagles as a friend

Quote tome at 29 Jun 2015 11.11pm

A good article: [Link]

Does seem to me to be rather hypocritical on the behalf of European leaders that debt relief or restructuring is not seen as the least worst option.

Nice to see you back in General Talk tome! I for one have missed your posts.

 


...we must expand...get more pupils...so that the knowledge will spread...

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View dannyh's Profile dannyh Flag wherever I lay my hat....... 30 Jun 15 8.34am Send a Private Message to dannyh Add dannyh as a friend

Quote jamiemartin721 at 29 Jun 2015 3.36pm

Its all well and good complaining about loss of sovereignty, but before they joined the EU and Euro, they were a two bob c**t of a country, ravaged by corruption and extremist politics (having had both a facist and communist government since the war).

Arguably the only time the Greek economy and country has ever really been stable was in the Euro and EU.

Still, a shot third world economy will likely result in a good tourist boost, if they can stop people setting fire to everything and blaming foriegners.


Clearly not Jamie as we are now seeing the result of living on Borrowed money, that they simply can not pay back.

The European union, much like socialism, is a good idea on paper but simply does not work in reality.

 


"It's not the bullet that's got my name on it that concerns me; it's all them other ones flyin' around marked 'To Whom It May Concern.'"

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View We are goin up!'s Profile We are goin up! Flag Coulsdon 30 Jun 15 8.46am Send a Private Message to We are goin up! Add We are goin up! as a friend

Quote dannyh at 30 Jun 2015 8.34am

Quote jamiemartin721 at 29 Jun 2015 3.36pm

Its all well and good complaining about loss of sovereignty, but before they joined the EU and Euro, they were a two bob c**t of a country, ravaged by corruption and extremist politics (having had both a facist and communist government since the war).

Arguably the only time the Greek economy and country has ever really been stable was in the Euro and EU.

Still, a shot third world economy will likely result in a good tourist boost, if they can stop people setting fire to everything and blaming foriegners.


Clearly not Jamie as we are now seeing the result of living on Borrowed money, that they simply can not pay back.

The European union, much like socialism, is a good idea on paper but simply does not work in reality.


No, no, what Greece must do is keep borrowing and maybe it'll all go away again.

 


The problem with socialism is that you eventually run out of other people's money.

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View black eagle.'s Profile black eagle. Flag south croydon. 30 Jun 15 8.56am Send a Private Message to black eagle. Add black eagle. as a friend

Quote Stirlingsays at 29 Jun 2015 10.26am

Oh how wonderful the EU is.

Oh how safe it keeps us.....No wars....Improved security.

The truth is this form of the EU is a disaster zone.


This with bells on,surely we will vote No whenever we vote to join the EU

Would be totally bonkers if we joined.

 

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jamiemartin721 Flag Reading 30 Jun 15 9.59am

Quote dannyh at 30 Jun 2015 8.34am

Quote jamiemartin721 at 29 Jun 2015 3.36pm

Its all well and good complaining about loss of sovereignty, but before they joined the EU and Euro, they were a two bob c**t of a country, ravaged by corruption and extremist politics (having had both a facist and communist government since the war).

Arguably the only time the Greek economy and country has ever really been stable was in the Euro and EU.

Still, a shot third world economy will likely result in a good tourist boost, if they can stop people setting fire to everything and blaming foriegners.


Clearly not Jamie as we are now seeing the result of living on Borrowed money, that they simply can not pay back.

The European union, much like socialism, is a good idea on paper but simply does not work in reality.

Well stable for Greece anyhow...

The EU is problematic mostly on the basis of the political machinations of its individual components. The problem has always been what should the EU be and what shouldn't it be, has never really been discussed.

Commercially the EU is a god send to anyone involved in import and export around Europe, European laws and even trading outside the EU.

The ECHR presents a reasonable facilitation of an independent adjudicator on national law, that is free of political bias at a very reasonable cost.

That's not to say there haven't been problems, notably the EU and Euro, but a large number of countries have in recent years found themselves in very serious economic problems - Arguably their membership of the EU often has been a boon to their ability to recover.

We only tend to see the problems of the EU, for very political reasons, never its successes, my suspicion is any debate on the EU quickly spirals into ideological disagreements, rather than pragmatic ones (ie economic benefits).

 


"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
[Link]

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View Stuk's Profile Stuk Flag Top half 30 Jun 15 3.20pm Send a Private Message to Stuk Add Stuk as a friend

Quote black eagle. at 30 Jun 2015 8.56am

Quote Stirlingsays at 29 Jun 2015 10.26am

Oh how wonderful the EU is.

Oh how safe it keeps us.....No wars....Improved security.

The truth is this form of the EU is a disaster zone.


This with bells on,surely we will vote No whenever we vote to join the EU

Would be totally bonkers if we joined.

I hate to break it to you but we're in the EU. The referendum is whether we stay in it or not.

 


Optimistic as ever

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View chris123's Profile chris123 Flag hove actually 30 Jun 15 3.40pm Send a Private Message to chris123 Add chris123 as a friend

Quote nickgusset at 29 Jun 2015 12.38pm

I read somewhere that the IMF have raked in £2.8 billion in interest from Greece.
That's really going to help!


It was euros not pounds - and if it was possible for Greece to borrow at cheaper rates elsewhere, they would have surely?

 

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View stateside's Profile stateside Flag Norfolk 30 Jun 15 3.42pm Send a Private Message to stateside Add stateside as a friend

I cant believe all the Greeks queeing to get there money out the banks , I would have had mine out months ago, and under the bed. Even the village idiot could see there would be problems one way or another.

 

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View Stuk's Profile Stuk Flag Top half 30 Jun 15 3.53pm Send a Private Message to Stuk Add Stuk as a friend

Quote stateside at 30 Jun 2015 3.42pm

I cant believe all the Greeks queeing to get there money out the banks , I would have had mine out months ago, and under the bed. Even the village idiot could see there would be problems one way or another.


Same here, would've been drawing it out as soon as they voted in the nutters.

As for being restricted to only €60 per day, i'd take myself over the border and withdraw it all there.

 


Optimistic as ever

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View dannyh's Profile dannyh Flag wherever I lay my hat....... 30 Jun 15 3.55pm Send a Private Message to dannyh Add dannyh as a friend

I'd have bought Pond notes or dollars as very soon the euro in Greece will be no more and it'll be back to Drachma which will be worth f*** all, and with a safe full of Pounds or dollar's you'd make a fackin killing.

Edited by dannyh (30 Jun 2015 3.56pm)

 


"It's not the bullet that's got my name on it that concerns me; it's all them other ones flyin' around marked 'To Whom It May Concern.'"

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View Y Ddraig Goch's Profile Y Ddraig Goch Flag In The Crowd 30 Jun 15 4.07pm Send a Private Message to Y Ddraig Goch Add Y Ddraig Goch as a friend

Quote nickgusset at 29 Jun 2015 12.38pm

I read somewhere that the IMF have raked in £2.8 billion in interest from Greece.
That's really going to help!


Is that a lot? Serious question, they borrowed circa €230 billion and also had €40 billion written off.

Suddenly, given the risk involved, €2.8billion doesn't seem so much. Not exactly Wonga rates.

 


the dignified don't even enter in the game

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