Greece...

antrobus

ChiefGrasscutter wrote: »

But it is really no different to a poor area of the UK being subsidised by London/South east.
.....

remorseless wrote: »

it is very different because in the UK, even the poorer areas, the rules are the same. .....

And more importantly, that "poor area of the UK" does not determine what those rules are. Sure they get a say in it, but ultimately they have to put up with what the UK as a whole has decided.

The problem with Greece, is that Greece wants to set it's own rules, and objects to what the Eurozone as a whole has decided.

Froggitt

remorseless wrote: »

it is very different because in the UK, even the poorer areas, the rules are the same.

Scotland???

Froggitt

chucknorris wrote: »

I think Greece have been treated outrageously by the rest of Europe

Just as Greece has behaved outrageously towards the people of the other countries in the Euro in taking their money and voting on multiple occasions not to repay it.

danothy

Froggitt wrote: »

Scotland???

The retirement age is earlier in Scotland than the rest of the UK? Awesome! See you there.

chucknorris

Froggitt wrote: »

Just as Greece has behaved outrageously towards the people of the other countries in the Euro in taking their money and voting on multiple occasions not to repay it.

I take it that you didn't read past my first sentence then?

antrobus

remorseless wrote: »

Could today be the last episode on the Greece Soap Opera?

You can read the full report here.

http://www.ekathimerini.com/199086/article/ekathimerini/news/tsipras-secures-domestic-backing-for-last-gasp-effort-at-deal

I'm not sure who the two holdouts would be. I'm guessing that Cyprus could be one of them.

Graham_Devon

Just popping this graph up in response to some of the "Greece won't implement any cuts or reforms" type musings going on on the forum.

remorseless

Graham_Devon wrote: »

Just popping this graph up in response to some of the "Greece won't implement any cuts or reforms" type musings going on on the forum.

They're cutting inflated spending and refusing to pay back! 'nuff said!

If you make 1000, spend 5000 for years and cut your spending to 2000 you're still overspending!!!! Unfortunately it's always harder to adjust to austerity than the other way around....

antrobus

Graham_Devon wrote: »

Just popping this graph up in response to some of the "Greece won't implement any cuts or reforms" type musings going on on the forum......

And a graph which is utterly meaningless without data on 'Greece Government Revenue Compared'.

It's not the amount of money that Greece is spending which is the issue, it's the balance between its spending and its income.

Graham_Devon

And something I didn't think I'd see today (or anytime soon).

Germanies Vice Chancellor admits it was a mistake to let Greece into the Euro and that the EU has watched the problems getting worse for far too long.

SPD leader Sigmar Gabriel has for the first time admitted that it was a mistake to allow Greece to join the euro zone. “The entry of Greece into the euro is carried out from today’s perspective, very naive,” Gabriel said in an interview with Stern. “Worse is that all have watched far too long” as the country fell deeper and deeper into crisis, added the Vice-Chancellor.