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Greece...
Comments
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They have had nearly two years to solve the Greek crisis. Compared to the likes of Spain and Italy people said it was relatively small, solvable and would be sorted. At every summit over the past two years the whole group has come out smiling for the camera's saying we've solved the problem, only for it all to fall apart again a week later.
In all that time they have said a disorderly default would be the worst of options. So why in Gods name having they not sorted out a way before now for them to make an orderly exit, even if they thought it would never need to be used surely it would have made sense to have the plan to hand just in case. Instead they've stuck their heads collectively in the sands and said nah nah never going to happen, every thing is hunky dory. Now they are spining round trying at the last minute to think of a way out.
Given that they seem to have been wrong about everything in the last two years is anyone at all convinced by their predictions now, that any default by Greece can be managed without too much difficulty? or would a more accurate description be, that nobody really has a clue what is going to happen?[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
They have had nearly two years to solve the Greek crisis. Compared to the likes of Spain and Italy people said it was relatively small, solvable and would be sorted. At every summit over the past two years the whole group has come out smiling for the camera's saying we've solved the problem, only for it all to fall apart again a week later.
In all that time they have said a disorderly default would be the worst of options. So why in Gods name having they not sorted out a way before now for them to make an orderly exit, even if they thought it would never need to be used surely it would have made sense to have the plan to hand just in case. Instead they've stuck their heads collectively in the sands and said nah nah never going to happen, every thing is hunky dory. Now they are spining round trying at the last minute to think of a way out.
Given that they seem to have been wrong about everything in the last two years is anyone at all convinced by their predictions now, that any default by Greece can be managed without too much difficulty? or would a more accurate description be, that nobody really has a clue what is going to happen?
Greece agreed to take various measures in return for financial assistance. Now that Greece wishes to renege on the promises made the game has changed. A game of bluff is in progress. The Greek people hold the key. Which is as it should be. Straight choice of in or out of Europe.0 -
Thrugelmir wrote: »Greece agreed to take various measures in return for financial assistance. Now that Greece wishes to renege on the promises made the game has changed. A game of bluff is in progress. The Greek people hold the key. Which is as it should be. Straight choice of in or out of Europe.
As this question was always likely to come up at some point. Wouldn't it have been a good idea for them to have had a back up plan ready, just in case?[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
europe is run by dithering lefties. the ONLY solution they know is "spend more money".0
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But what if they want to stay in?Thrugelmir wrote: »Straight choice of in or out of Europe."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
It's worked with the Quidzone single currency area since the 1970s. London and the South East export to the rest of the country. Those areas pay more in tax to recycle the money.
The UK used to recycle that money via a system of loss-making nationalised industries whereas today the money is recycled via city-centre regeneration and the welfare state.
Ah yes,
But we have a complete monetary, fiscal, legal, tax, political and language union with an easy ability for people to move location.
Plus there is a central structure (HMG) which has an overall control over everything.
So it is impossible for say a renegade northern area to 'go freestyle'.
It all come back to the central tenet that you cannot have monetary union made up of seperate entities. The last great experiment in this was the scandanavian monetary union of the mid 1800's and that broke up as well.0 -
Well the announcement was a damp squib. More "we support Greece but won't make be meeting to discuss the point in detail until the end of June". Does this remind anyone else of the bad thriller where the bomb gets defused with one second to go?Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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ChiefGrasscutter wrote: »Ah yes,
But we have a complete monetary, fiscal, legal, tax, political and language union with an easy ability for people to move location.
Plus there is a central structure (HMG) which has an overall control over everything.
So it is impossible for say a renegade northern area to 'go freestyle'.
It all come back to the central tenet that you cannot have monetary union made up of seperate entities. The last great experiment in this was the scandanavian monetary union of the mid 1800's and that broke up as well.
My point is that if you are going to have a monetary union, you need a way to cycle the funds through it as inevitably areas will have surpluses and deficits.0 -
Graham_Devon wrote: »How utterly niave do you have to be to believe this? The bank seriously thought Greece's entire culture would change overnight? There would be no issues and everyone would get on like the good little peasants they are?!
I think there's a difference between thinking something will work and doubting it but doing it because the other alternative isn't acceptable. If the EU had booted Greece out without even trying to help them because they didn't think they'd control spending it would have many negative consequences.
Also nobody (feel free to point them out if I missed it) was talking about such a complete collapse of support for the main parties much before it actually happened. The Greeks really want to stay in the EU. If this had been discussed and the need for cuts had been put in that context 2-3 months ago they might have done enough. Sadly they've been told by Syriza, and others, that they can have their cake and eat it.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
Well the last Greek PM but one did propose a referendum on the latest version of the bailout, and Merkel went ballistic and shot him down in flames.Also nobody (feel free to point them out if I missed it) was talking about such a complete collapse of support for the main parties much before it actually happened. The Greeks really want to stay in the EU. If this had been discussed and the need for cuts had been put in that context 2-3 months ago they might have done enough."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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