[QUOTE=“glasagusban, post: 1093321, member: 1533”]In a world where Russia is acting the serious prick again people care about Greece a bit more. Also if Greece leaves the euro then the euro is fucked.
There’s a lot of local politics going on here which is a sickening way for such an issue to be decided.[/QUOTE]
How is the Euro fucked if Greece leave? A year a go it could have caused serious issues, but I think now they will be happy enough to let them go.
Yesterdays negotiations seemed to have been a bit farcical.
[QUOTE=“Julio Geordio, post: 1093307, member: 332”]That would be the ultimate mugging off.
The Greeks have stopped paying taxes the works. Gas fuckers.
If you were Johnny Greek today you’d be emptying the bank account if you hadn’t already.[/QUOTE]
They are losing €500m a day in deposits for the last couple of weeks apparently.
admins, infraction for this lickspittle please[/QUOTE]
This is a propaganda war, mate. Don’t take everything you hear or read at face value. Always question the information and the source of it. Be vigilant.
[QUOTE=“glasagusban, post: 1093321, member: 1533”]In a world where Russia is acting the serious prick again people care about Greece a bit more. Also if Greece leaves the euro then the euro is fucked.
There’s a lot of local politics going on here which is a sickening way for such an issue to be decided.[/QUOTE]
First of all. A default doesn’t mean a Greek exit.
Second of all it wouldn’t be the end of the euro. Far from it.
[QUOTE=“Julio Geordio, post: 1093315, member: 332”]It can’t be sorted mate. To sort it would be to concede to the Greeks.
No one gives a single fuck about Greece. This is a larger battle. If the Greeks won’t pay they’ll be let go to the wall.
Can’t set a precedent. Not only that but it’ll be in the other Eurozone countries interests to make their exit as ugly as possible to ensure no one else follows.
A worse case scenario for the Germans here isn’t a Greek default. Its a Greek default and the country doing okay afterwards.
I’m calling it. Greek default in the next 6 months, and it will be ugly for the Greeks.[/QUOTE]
It’s already ugly for the greeks, but yes it will get uglier. I imagine a worse scenario is violent unrest spreading in greece and international markets putting on a bit more pressure to see where the next greece is.
[QUOTE=“Julio Geordio, post: 1093330, member: 332”]First of all. A default doesn’t mean a Greek exit.
Second of all it wouldn’t be the end of the euro. Far from it.[/QUOTE]
I know the first bit. You don’t think it would set a precedent for leaving and the immediate attention would be on who’s next to leave? Greece leaving would be the beginning of the end of the currency.
The problems with the currency union are well flagged at this stage. How do they address the basic problem of disparity in competitiveness? If Greece leaves the problems will still be there (if not to the same extent as they affect Greece) and the precedent will have been set for the weakest member leaving. The euro Euro will be fucked.
The Greeks are right that writing off the debt is the way to forward but ze Germans won’t have that and of course that would be the end of a number of current governments around Europe.
[QUOTE=“glasagusban, post: 1093345, member: 1533”]The problems with the currency union are well flagged at this stage. How do they address the basic problem of disparity in competitiveness? If Greece leaves the problems will still be there (if not to the same extent as they affect Greece) and the precedent will have been set for the weakest member leaving. The euro Euro will be fucked.
The Greeks are right that writing off the debt is the way to forward but ze Germans won’t have that and of course that would be the end of a number of current governments around Europe.[/QUOTE]
The precedent is only dangerous if it’s an attractive one though. The Spanish etc aren’t going to follow the Greek lead if the place goes to shit.
