Greece...

antrobus

HAMISH_MCTAVISH wrote: »

I think it's already been explained to you what the likely outcome is here.

Syriza can't afford to trigger a Grexit as around 70% of Greeks want to stay in the Eurozone, and it would be disastrous for Greece to leave.

Syriza can't be given meaningful concessions by the Troika as that would encourage rabble rousing extremist parties in other countries.

So a deal will be done that allows just enough relief for Greece to stay in while not allowing enough relief that it encourages others to follow in Greece's footsteps.

Simples.

I'm inclined to agree.

What we have been watching is a political pantomime.

purch

Graham_Devon wrote: »

So it's simply been extended. It's now tommorow.

They are getting Pheidipides to run them over to Brussels.

antrobus

purch wrote: »

They are getting Pheidipides to run them over to Brussels.

I'm not even sure that's right.

The radical Syriza government submitted a five-page list of measures to EMU officials in Brussels in time for a deadline on Monday,

http://www.telegraph.co.uk/finance/economics/11430744/Tensions-high-as-Greece-scrambles-to-keep-rescue-deal-alive.html

The summary released on Monday evening

http://www.bbc.co.uk/news/world-europe-31597181

Which would seem to imply that the Greeks met the Monday deadline.

purch

He's damn quick.........................(especially for a guy who's been dead 2500 years :eek:)

antrobus

purch wrote: »

He's damn quick.........................(especially for a guy who's been dead 2500 years :eek:)

Yes, but wasn't he very much a One Hit Wonder.:)

antrobus

Eurozone backs reform plans
http://www.bbc.co.uk/news/world-europe-31606986

Cyberman60

antrobus wrote: »

I'm inclined to agree.

What we have been watching is a political pantomime.

If they make concessions to Greece then the other PIGS will want similar deals. This will not end well !! :rotfl:

HAMISH_MCTAVISH

antrobus wrote: »

Eurozone backs reform plans
http://www.bbc.co.uk/news/world-europe-31606986

As expected.....;)

Graham_Devon

wotsthat wrote: »

They're not your losses so why worry about them?

So because it doesn't effect me I shouldn't be at all concerned? Theres a humanitarian aspect to all this.

Syria doesn't affect me. I'm concerned about that too - do what you must to provide a put down.

Cyberman60

HAMISH_MCTAVISH wrote: »

As expected.....;)

They've only kicked the can down the road. They have four months !!