Do Greek voters think they can just go on spending more than they earn forever?

Going4TheDream

Graham_Devon wrote: »

Ironic really.

They get a referendum which could literrally bring the country to it's knees. Ultimately though, it already is. Maybe that's part of the plan, blame the greek people for the default, rather than the euro politicians who "could have" saved it. Seems an easy way out for politicians in one way....but I guess to them, their precious dream is worth more than that to them.

Wonder where the top euro politicians really stand on this one. Any hard default is easily blamed on the greek people themselves.

We just keep being told any referendum in the UK, regardless of what its for, remember the ID saga...isn't in our interests!

They get a referendum that could bring Europe to its knees.............

A._Badger

Going4TheDream wrote: »

They get a referendum that could bring Europe to its knees.............

It's already there.

oldvicar

I don't think the people of the land of Plato would not sully their pure democracy by worrying about matters such as the consequences of the forthcoming referendum. So what if their (and our) economy wobbles - there'll still be sunshine, olive oil, and all the other essentials of a good life.

beaujolais-nouveau

oldvicar wrote: »

I don't think the people of the land of Plato would not sully their pure democracy by worrying about matters such as the consequences of the forthcoming referendum. So what if their (and our) economy wobbles - there'll still be sunshine, olive oil, and all the other essentials of a good life.

Unless another country invades them ...

pauletruth

argentina seems to be coping after defalting. now if thegreeks were to default it would be better for their people than paying reallystupid amounts to bankers. would you recommend borrowingmore money when you can't repay the money you owe. now they would be daft to follow the advice of the banks.

ILW

pauletruth wrote: »

argentina seems to be coping after defalting. now if thegreeks were to default it would be better for their people than paying reallystupid amounts to bankers. would you recommend borrowingmore money when you can't repay the money you owe. now they would be daft to follow the advice of the banks.

Trouble is that Greece are still spending more than they take in tax (even excluding interest payments) and they all go loopy when told they need to cut back on spending, or start paying any tax. If they went full default then nobody would lend them any money for years and the forced austerity would be even tougher.

ruggedtoast

Greece has been around for a long time. I'm sure it will continue to be so in the future.

Unfortunately they are moving from one part of the sinking ship to the other. They need to opt out of the neo liberal stitch up altogether.

JayBrun

@ruggedtoast: Does that mean you're heading for warmer climes with the citizens of Greece benefiting from your philosophy on life leaving us to suffer in ignorant bliss and silence .

pauletruth

at least the pain they would besuffering would be for their benifit. if they go along with the bail outsthey will still owe 120%of their gdp in 2020 and they would still need to keep cutting. so to be honest a full default would work out best for them. but they would have tosort the funding problems out.

DirtyDick

If the Greek people decide "they" don't owe anything, they don't. Doesn't mean anyone has to lend them anything or any companies sell things to the Greek State.

So they can live as farmers and beach bums.