Greece...

BlondeHeadOn

It's been very quiet on this thread for a while, but is it all about to kick off again today?

See 'Greek debt crisis flares up again' in these threads....

http://www.theguardian.com/business/live/2016/apr/27/uk-gdp-growth-figures-released-live-updates?page=with:block-5720ae34e4b09a82af148413#block-5720ae34e4b09a82af148413

http://www.express.co.uk/finance/city/664588/Greece-set-to-run-out-of-cash-by-MAY-pushing-Europe-into-CRISIS

http://www.thisismoney.co.uk/money/comment/article-3558306/ALEX-BRUMMER-Shocking-unemployment-feeble-growth-never-ending-Greek-debt-crisis-Euroland-isn-t-working.html

Ahhh... makes me almost nostalgic....

Thrugelmir

BlondeHeadOn wrote: »

Ahhh... makes me almost nostalgic....

Hasn't moved any further forward since last year. May well be in the news at the same time as the UK vote.

worldtraveller

Thrugelmir wrote: »

Hasn't moved any further forward since last year. May well be in the news at the same time as the UK vote.

Or delayed, until just after! :whistle:

Inevitably, it will, of course, crop up again, very soon thereafter!

mystic_trev

Grexit

Brexit

Nextit

michaels

If I were a Greek negotiator I would be pushing very hard for an advantageous debt reduction in the run up to the Brexit vote.

Thrugelmir

worldtraveller wrote: »

Or delayed, until just after! :whistle:

Inevitably, it will, of course, crop up again, very soon thereafter!

July is a key date.

mwpt

http://www.bloomberg.com/view/articles/2016-05-09/imf-is-right-greece-needs-debt-relief

IMF adding more fuel to the fire. Can someone explain to me why Greece doesn't just take the matter into her own hands and default?

Is this all just gamesmanship to force ECB hand and gain debt relief without default?

antrobus

mwpt wrote: »

....IMF adding more fuel to the fire. Can someone explain to me why Greece doesn't just take the matter into her own hands and default? ....

Because default isn't painless, and arguably does not actually involve taking the matter into your own hands.

CLAPTON

mwpt wrote: »

http://www.bloomberg.com/view/articles/2016-05-09/imf-is-right-greece-needs-debt-relief

IMF adding more fuel to the fire. Can someone explain to me why Greece doesn't just take the matter into her own hands and default?

Is this all just gamesmanship to force ECB hand and gain debt relief without default?

by and large you need your own currency so you can print money to pay state pensions and state employees; otherwise you have to borrow euros from your creditors.
It seems that the government and the people of Greece do not want to leave the euro as they believe that WW3 (or even worse) will break out if they do.

michaels

mwpt wrote: »

http://www.bloomberg.com/view/articles/2016-05-09/imf-is-right-greece-needs-debt-relief

IMF adding more fuel to the fire. Can someone explain to me why Greece doesn't just take the matter into her own hands and default?

Is this all just gamesmanship to force ECB hand and gain debt relief without default?

Certain parties do not want to see a EU crisis prior to 23rd June and other parties are trying to use this fact to increase their leverage during negotiations.