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Loz

Loz

Posted
Posted

???? Wrote:

-------------------------------------------------------

> ...it's gonna end in fooking tears aint it?


I'm not so sure. The new Greek PM has publicly said that he doesn't want to exit the EU or come out of the Euro. And, if you aren't willing to walk away, your negotiating position isn't strong. The EU has had two years to prepare for Grexit - you can bet they have a plan in place.


I suspect that a deal will be made to try and make both sides look good, but actually little will change.

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Gardenman

Gardenman

Posted
Posted

The expression " Never a lender, nor a borrower be" comes to mind!

The European banks have had their boot on the necks of the Greek people, & the Greek government up to now run corruptly by 2 families for the last 30 odd years, were making people unemployed as their main policy to somehow pay back the money borrowed & used by themselves & their non tax paying friends. Something had to give. And Europe, mainly Germany & the banks are scared! But one has to ask; why did they loan the money to a country with a very poor GDP & corrupt system?? Did they seriously think the people would be happy to pay for money they never got to see? Not too different from the UK!!

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Blah Blah

Blah Blah

Posted
Posted

Indeed Gardenman. I think Greece reched that tipping point of the haves and have nots some time ago. And most Western governments operate a system which is about not getting to that tipping point, rather than tackling poverty and unemployment. Corruption is commonplace in all economies, including our own. We have a political party in power for example, funded by the very institutions (ie the banks) who created the recent financial catastrophe. When government and corporations are in bed like that together, there's very little the people can do but take to the streets and withdraw labour. If they happen to live in a 'democracy' (whatever that actually means anymore) they can also elect radical parties into power.


The outcome will be most likely that Greece is allowed to renegotiate repayment terms. The last thing the EU wants is a collapsed economy on it's doorstep, and bang in the centre of the mediterranean.

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Michael Palaeologus

Michael Palaeologus

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I suspect that there will be a little flexibility but not enough. The Germans are talking tough and this is obviously pre-negotiation posturing. However, Greece is economically and physically peripheral. For Greece to leave the Euro is not a complete disaster for Europe. Perhaps for Greece but not necessarily. The Greeks managed with a basket case economy with the Drachma. It was entering the Euro that was the trigger for massive over-spending, because they could.


German eyes will be on Spain, Italy and Portugal. if Greece receives a Get Out of Jail card, others will want one and that wont wash with the German voter and is unsustainable for the economy of Europe.


German politicians and EU bureaucrats are saying the once unsayable, "Of course we want Greece to stay in the Euro, but it they leave, we can live with it".

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DulwichFox

DulwichFox

Posted
Posted

Michael Palaeologus Wrote:

-------------------------------------------------------

> I liked the Drachma. It was part of a Greek island

> holiday.


Something very strange has just happened.. I have just found a 100 Drachma note on my coffee

table in front of me amongst all the other documents piled up.


I have not been to Greece since 1994. ?? So its been floating around my living room for 20 years..


Don't tidy up that often. Just tend to move piles of crap around from time to time.


DulwichFox

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KidKruger

KidKruger

Posted
Posted

I think Greece needs to present it's credentials for remaining part of economic Europe.

Otherwise a precedent is set for milking Europe as a charity.

Separately they need to pay back the money they borrowed, and squandered.

Sorry, but if you make the bed, you lie in it. Nobody did this to Greece but Greece.

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Seabag

Seabag

Posted
Posted

DulwichFox Wrote:

-------------------------------------------------------

> Michael Palaeologus Wrote:

> --------------------------------------------------

> -----

> > I liked the Drachma. It was part of a Greek

> island

> > holiday.

>

> Something very strange has just happened.. I have

> just found a 100 Drachma note on my coffee

> table in front of me amongst all the other

> documents piled up.

>

> I have not been to Greece since 1994. ?? So its

> been floating around my living room for 20

> years..

>

> Don't tidy up that often. Just tend to move piles

> of crap around from time to time.

>

> DulwichFox


Now there's a suprise

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baroldmc

baroldmc

Posted
Posted
If the new Greek government could show that their country can instate fair, equitable tax collection and that it can stamp out the easy corruption that pervades, then perhaps their creditors would give them a second chance. Otherwise, I see little hope. Of avoiding a damaging impasse for the EU
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Loz

Loz

Posted
Posted

Looks like for all their brave election words, Syriza have realised that the only way they are going to move forward is to agree roughly the same deal with the Troika, but call it something different.


It's like, 'Rejoice! We have told the Troika that they are not going to roger us senseless anymore! After careful negotiation, we are now entering an exciting new programme of exuberant sphincter penetration..."

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