Greece...

BlondeHeadOn

remorseless wrote: »

Everyone should act as surprised as possible!!!!

It seems the same with the capital control in Greece meant to only last for few days and they were only meant to have few days with the current ELA, yet, 2 weeks later, still there!

Let me guess, next NEW absolute deadline is July 20, ECB payment? if that is missed like the IMF in June, that's it right?

The Bold and the Beautiful is still running since the 80's :eek: Greece maybe the same, even the FinMin are getting younger :A Lagarde is going to run out of outfits to wear!

^^^ Now that bit is really scary !

wymondham

Why don't they just do it...... everyone knows what needs to happen, just the EU don't seem to have the balls??

remorseless

BlondeHeadOn wrote: »

I am very depressed about the whole situation!

Why are you depressed about it?

to me it seems like that the EZ is trying to deflate Greece bubble...GDP (PPP) in Greece doubled from the mid-90's to the crash in 2008... and needs to go back to sustainable level!



Even now, it's still way too high, maybe once it crosses Latvia (on the way down) then Greece can start to be competitive again.
Having high GDP to justify artificially high prices doesn't make sense...

InvestInPoker

From http://uk.reuters.com/article/2015/07/12/uk-eurozone-greece-idUKKBN0P40FR20150712

"No one wants to see a North Korea in southeastern Europe," a European Commission official said.

I mean mega lol, this is getting beyond a joke now. Imagine that.

Kendall80

Maybe at their next election Greeks should ask the EU who they should vote for?

CLAPTON

Kendall80 wrote: »

Maybe at their next election Greeks should ask the EU who they should vote for?

No, the Greeks should vote for a party that
-that promises to maintain better pensions and benefits than they can afford
and
-continue not to pay taxes
and
-continue their corrupt system

and to continue to borrow money from others and promises never to repay any (or even the interest)

now that is true democracy.

dktreesea

The Greeks are pleading poverty, but does their economy really justifiy the high level of pension payments, for instance? Across the border in Bulgaria, a pensioner gers around 200 lev a month (worth just over 100 USD). Yet in Greece the average pensioner gets over 800 euros a month. If they can't lift their own economy, via lowering their prices so that their exports become attractive to other countries, to be able to afford such high pensions, why should any other country in Europe fund their pensions?


Greece has tax laws. If they are not prepared to enforce those laws, including seize assets when those taxes are not paid, why should the rest of Europe pick up the bill?


It's about time the rest of Europe, including Germany, the chief "enabler", stopped doling out money to prop up a public sector and social welfare regime the Greeks can't afford and leave Greece to get their own house in order. Maybe that could mean capital controls of 10 euros a day imposed. Maybe that will mean their present government debt isn't repaid, if at all, for 50 years.


To Germany I say too bad. Germany is the one who wanted them in the Euro, the more the merrier. Well, now German taxpayers are going to bear the pain of that decision. But as for throwing good money after bad, why would they do that? How is that going to persuade Greece to cut their coat according to their cloth?

Graham_Devon

Alexis Tsipras was given a very rough ride in his meeting with Tusk, Merkel and Hollande, our Europe editor Ian Traynor reports.

Tsipras was told that Greece will either become an effective “ward” of the eurozone, by agreeing to immediately implement swift reforms this week.

Or, it leaves the euro area and watches its banks collapse.

One official dubbed it “extensive mental waterboarding”, in an attempt to make the Greek PM fall into line.

An unpleasant image, that highlights just how far we have now fallen from those European standards of solidarity and unity.

Tspira's now appears to be reshuffling his cabinet and throwing out those who will vote against even more austerity for Greece.

However, there is a fear that if this is done so blatantly, especially after the NO vote from the Greeks themselves, Greece will face social unrest and a government which will effectively collapse.

dktreesea

Graham_Devon wrote: »

Tspira's now appears to be reshuffling his cabinet and throwing out those who will vote against even more austerity for Greece.

However, there is a fear that if this is done so blatantly, especially after the NO vote from the Greeks themselves, Greece will face social unrest and a government which will effectively collapse.

Thinking back to WWII, Greece were forced to lend the Nazis millions during the Nazi occupation of Greece. Germany hasn't ever made reparations for what they took. I wonder how much the Germans owe Greece in today's currency? It would probably run to hundreds of millions of Euros, if not billions. Germany have no right to lecture Greece. Thousands of Greeks died of starvation during the occupation. And now Germany dare to lecture Greece? The Germans should be ashamed. And far from paying Germany back a single Euro, it's about time Greece went to whatever international court has jurisdiction and claimed war reparations from Germany.

remorseless

dktreesea wrote: »

And now Germany dare to lecture Greece?

if Greece did not need constant bailouts (3 times is a charm), Germany would not be lecturing nobody. They're not lecturing Lithuania or Slovakia or Croatia, they are not asking for bailouts.

What will it take for Greece to live within its mean so that other EZ countries do not get involved?

It's not the first bailout.
It's not the second bailout.
It's now a third.
When will it be the fourth?

Don't like the lecture? Act responsibly!