Greece...

Marktheshark

Exactly what I said will happen as happened.
This guy was no bigger threat to the EU than Camerons cast Iron referendum promise.
Same deal, same debt, just more interest to pay on top.
The guy is and was a fraud.

Just like all politicians.

TickersPlaysPop

mystic_trev wrote: »

Four months - apparently, as a 'deal' has been done. How much longer can this 'kicking the can down the road' problem with Greece last?

How is this any different to the American crisis that regularly happens? They keep going to congress to raise the debt ceiling...

All of this debt is a lie... The western financial system is rotten to the core and fundamentally flawed. The toxic debt has all moved to China who have inflated the pseudo money bubble even further.... this has all been a way to bring us to our knees by the banks...the ones that really control the world now.

The China debt bubble never features in the news .... and when China bubble bursts and the financial fallout brings the world near to world war 3 we will all be saying... why didn't we see this coming?!

Graham_Devon

Aberdeenangarse wrote: »

What a load of crap. The Greeks are and were totally fec less.They wanted to join the Euro at any cost, so fiddled the books.

Actually, the books were fiddled for them on their behalf. The EU were involved in the whole thing....afterall, if they weren't, you'd have to question the checks the EU made before granting permission for a country to join...

Marktheshark

He came out with a bigger bill than when he went in.
The Greeks must be so proud of election such a !!!!less bunch of clowns.
They could have saved money by just paying the old deal.

Donnakou

Aberdeenangarse wrote: »

What a load of crap. The Greeks are and were totally fec less.They wanted to join the Euro at any cost, so fiddled the books. They were a third World Country who thought they could play with the big boys. Totally corrupt and unable to pay their bills, they think they can keep coming back to the begging bowl in the hope the rest of us will bail them out.Hopefully they'll soon be shown the back door.

Maybe Varoufakis and Tsipras are not as !!!!less as appears, they have a four month extension from the EU...which could be what is needed to facilitate a smooth move for Greece back to the Drachma. Good luck to them, lets hope they draw a line to give Greece back to the Greeks and spur on Italy and the rest of the bullied to exit a failed Union !

antrobus

Donnakou wrote: »

Maybe Varoufakis and Tsipras are not as !!!!less as appears, they have a four month extension from the EU...which could be what is needed to facilitate a smooth move for Greece back to the Drachma. Good luck to them, lets hope they draw a line to give Greece back to the Greeks and spur on Italy and the rest of the bullied to exit a failed Union !

The Greek authorities reiterate their unequivocal commitment to honour their financial obligations to all their creditors fully and timely.

http://www.consilium.europa.eu/en/press/press-releases/2015/02/150220-eurogroup-statement-greece/

Going back to the drachma ain't gonna make that pile of Euro denominated debt any smaller.

Besides, you misunderstand;

Mr Schauble's willingness to expel Greece from the euro is widely shared in Germany. The country’s Council of Economic Experts issued a joint letter on Friday arguing that the eurozone is able to cope with the trauma of Grexit and is likely to emerge stronger in the long-run after shaking off its perennial problem child. “It could boost the credibility of the institutional framework,” said the text, adding that the “catastrophic” condition of the Greek economy had nothing to do with Troika austerity policies.

http://www.telegraph.co.uk/finance/economics/11426378/Greece-averts-bankruptcy-and-softens-austerity-in-last-ditch-deal.html

The Germans would be quite happy if Greece quit. It's the Greeks that want to stay in.

antrobus

Marktheshark wrote: »

Exactly what I said will happen as happened.
This guy was no bigger threat to the EU than Camerons cast Iron referendum promise.
Same deal, same debt, just more interest to pay on top.
The guy is and was a fraud.

Just like all politicians.

Irrespective of which political party was actually in charge of Greece, I would have expected that this year would have seen some kind of fudge whereby the debt mountain got rolled forward. Which is exactly what has happened.

So all that posturing from Syriza about a debt write-off etc has amounted to naught.

DiggerUK

Cyberman60 wrote: »

Well, Cambodia uses two currencies, the Riel and the US Dollar.

And Zimbabwe uses $US and guess what?.....they are now heading towards a deflationary situation.
..._

antrobus

DiggerUK wrote: »

And Zimbabwe uses $US and guess what?.....they are now heading towards a deflationary situation.
..._

Actually Zimbabwe uses almost everything but the old Zimbabwean dollar which has ceased to exist. USD, GBP, SA rand, Botswana pula, whatever's going really.

antrobus

Graham_Devon wrote: »

That was signed under a previous government..

An occurence which is of no significance in terms of international law.