Greece...

Graham_Devon

BlondeHeadOn wrote: »

From Guardian updates 3 minutes ago:
EC to recommend using EFSM for Greece despite UK objections

Developments in Brussels...... Reuters is snapping that the Commission is going to ignore George Osborne’s concerns, and recommend tapping the EFSM to fund Greece’s bridge financing.

They would need to ignore the EU lawyers too, as it's those pesky little cretins quietly coughing "errr, this looks illegal..... sir".

Graham_Devon

Hollande is now calling for a "Eurozone parliament".

This is the precise thing many have feared. It's the precise thing many who support the eurozone have said will never happen. It's the precise thing that Farage suggested "you wait and see, they will form a parliament".

He states he would like to see a closer harmonisation of fiscal and social policy for the 19 Euro members.

He states that Germany already agree with this - which would be the icing on top of the cake if they can force their will on Greece, alongside Spain, Portugal and Italy.

antrobus

Graham_Devon wrote: »

Hollande is now calling for a "Eurozone parliament".

This is the precise thing many have feared. It's the precise thing many who support the eurozone have said will never happen. It's the precise thing that Farage suggested "you wait and see, they will form a parliament".

He states he would like to see a closer harmonisation of fiscal and social policy for the 19 Euro members.

He states that Germany already agree with this - which would be the icing on top of the cake if they can force their will on Greece, alongside Spain, Portugal and Italy.

If you were aware of the Five Presidents Report then none of this would a surprise to you.

What is it about ever closer union that you do not understand?

RJP33

None of this is a surprise in any way, shape of form. The Eurozone needs to be a federal state with formal transfers between rich and poor states, in order to work.

They might as well just call it the United States of Europe and get it out in the open.

remorseless

What is Greece going to put on the 50bn fund?

Graham_Devon

remorseless wrote: »

What is Greece going to put on the 50bn fund?

Whatever Merkel tells them to.

wotsthat

antrobus wrote: »

Headline of the week.

Tsipras Sells Betrayal of His Campaign Promises to Greece

He's not much of a salesman..

Defending the deal, he said: "I assume responsibility for all mistakes I may have made, I assume responsibility for a text I do not believe in, but which I signed to avoid disaster for the country, the collapse of the banks."
But he also attacked Greece's creditors, saying "they wanted to take revenge".

http://www.bbc.co.uk/news/world-europe-33530201

I don't think the creditors are really that happy either.

Rather has the feeling of a married couple going through the motions for the sake of the kids with neither being brave enough to say enough is enough.

remorseless

wotsthat wrote: »

He's not much of a salesman..



http://www.bbc.co.uk/news/world-europe-33530201

I don't think the creditors are really that happy either.

Rather has the feeling of a married couple going through the motions for the sake of the kids with neither being brave enough to say enough is enough.

there was not much other choice... but hopefully, things will work out...

Aberdeenangarse

Tsipras has now shown himself, and will forever will be known in Greece as a complete Count

michaels

Graham_Devon wrote: »

Hollande is now calling for a "Eurozone parliament".

This is the precise thing many have feared. It's the precise thing many who support the eurozone have said will never happen. It's the precise thing that Farage suggested "you wait and see, they will form a parliament".

He states he would like to see a closer harmonisation of fiscal and social policy for the 19 Euro members.

He states that Germany already agree with this - which would be the icing on top of the cake if they can force their will on Greece, alongside Spain, Portugal and Italy.

Come off it, only the terminally stupid believed you could have a single currency without fiscal union. Politicians (despite appearances to the contrary) are generally quite bright and they brought in monetary union. It doesn't take a genius to figure out what what would happen next.

Funnily enough Varoufakis did understand how much the other European countries had invested in the project and he was right they would have caved and offered a much better deal to prevent Greece from leaving if Greece hadn't done it first.