News1 min ago
The Greeks Have Done It !
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New Judge your analysis is so wide of the mark it defies belief.
Yes it is true that the EU does not want Greece to leave the Euro but it ought to be obvious to all that the Greeks want to leave even less (hardly surprisingly)
Mikey is wrong to say that the Greeks have "done it". What has happened is that they have been forced, rightly, in my opinion, into reforms not because the EU doesn't want to it leave the euro but because, despite all the rhetoric and referendums, the Greek government wants it even less. And they aren't even getting any more emergency funds for the banks. And of course now the Greek people are cross, hardly surprisingly. Of course whether those reforms are rejected by Parliament then we are back to square one again.
The reason Greece's economy is in the state it is in is not because it has been forced to charge you the same amount for a meal in a Greek restaurant that you might pay in the UK! I can see that that is most upsetting for you, but the roots of the problem go way deeper than that.
Yes it is true that the EU does not want Greece to leave the Euro but it ought to be obvious to all that the Greeks want to leave even less (hardly surprisingly)
Mikey is wrong to say that the Greeks have "done it". What has happened is that they have been forced, rightly, in my opinion, into reforms not because the EU doesn't want to it leave the euro but because, despite all the rhetoric and referendums, the Greek government wants it even less. And they aren't even getting any more emergency funds for the banks. And of course now the Greek people are cross, hardly surprisingly. Of course whether those reforms are rejected by Parliament then we are back to square one again.
The reason Greece's economy is in the state it is in is not because it has been forced to charge you the same amount for a meal in a Greek restaurant that you might pay in the UK! I can see that that is most upsetting for you, but the roots of the problem go way deeper than that.
I wish I was a Greek. Work for 15 years and then retire into the 'Black economy' for cash in hand working. At the age of 55 claim my state pension and get it topped up as it is low , then claim I have moved to one of the Islands so my pension gets topped up even more to the 'offshore rate'.
All the while still working 'cash in hand'.
Here I am in the UK worked and paid NI and tax since the age of 17 and not due to get my basic state pension until I am 65 next year!
Can I retire to Greece?
All the while still working 'cash in hand'.
Here I am in the UK worked and paid NI and tax since the age of 17 and not due to get my basic state pension until I am 65 next year!
Can I retire to Greece?
"No one on here really gives a stuff about Greece.
You are all wailing and gnashing teeth because the the €uro has not collapsed and the EU has not imploded. Amusing to see you all sulk like children. "
Absolutely!
"there was no way in a million years the eussr was going to let greece go...inagine the embarassment of it ! "
Unfortunately that appears to be what Mr Tsipras was thinking, but for now ay least, the "embarrassment" is on him. He has been completely humiliated.
You are all wailing and gnashing teeth because the the €uro has not collapsed and the EU has not imploded. Amusing to see you all sulk like children. "
Absolutely!
"there was no way in a million years the eussr was going to let greece go...inagine the embarassment of it ! "
Unfortunately that appears to be what Mr Tsipras was thinking, but for now ay least, the "embarrassment" is on him. He has been completely humiliated.
full text of the deal here:-
http://
whats the possibility of Mr Tsipras getting this past the greek government, bearing in mind the greek people voted him in on the "no austerity" platform, and re-inforced that message in the referendum last week?
http://
whats the possibility of Mr Tsipras getting this past the greek government, bearing in mind the greek people voted him in on the "no austerity" platform, and re-inforced that message in the referendum last week?
I believe the reason politicians behave in this profligate manner is that when the can can no longer be (my word checker just questioned 'can can', quite apt! :0) kicked down the road and it all ends in tears which it must, they will be yesterday's people and have avoided making the difficult decisions of today.
Farage lays the curse of the Euro rightly with Kohl, Mitterand, Delors et al, but they are a distant memory.
Farage lays the curse of the Euro rightly with Kohl, Mitterand, Delors et al, but they are a distant memory.
My dining has nothing to do with it, Gromit.
I’ve been visiting Greece since the 1970s. Costs in the hospitality business there were always (until they joined the euro) a quarter to a third of those in the UK. They adopted the euro in 2000 and very quickly after that there was huge price inflation on things such as hospitality and accommodation – much of Greece’s foreign earnings - to the levels seen now. Purely coincidental, I’m sure you’ll say. Equally telling is the fact that in the “Domesday Scenario” that is painted (under “Grexit”) instant devaluation in Greece is forecast, some estimates by as much as 50%. Coincidence as well, no doubt.
It’s quite clear that if you’re asked to pay in Athens for goods and services with a currency that will buy you the same goods and services in Berlin or Paris, you will be asked to part with similar amounts of that currency. And that is one of the (many) fundamental flaws with the single currency.
I’ve been visiting Greece since the 1970s. Costs in the hospitality business there were always (until they joined the euro) a quarter to a third of those in the UK. They adopted the euro in 2000 and very quickly after that there was huge price inflation on things such as hospitality and accommodation – much of Greece’s foreign earnings - to the levels seen now. Purely coincidental, I’m sure you’ll say. Equally telling is the fact that in the “Domesday Scenario” that is painted (under “Grexit”) instant devaluation in Greece is forecast, some estimates by as much as 50%. Coincidence as well, no doubt.
It’s quite clear that if you’re asked to pay in Athens for goods and services with a currency that will buy you the same goods and services in Berlin or Paris, you will be asked to part with similar amounts of that currency. And that is one of the (many) fundamental flaws with the single currency.
/No one on here really gives a stuff about Greece. //
Really? You know that for a fact do you Gromit?
There is no way this situation benefits either Greece or the Eurozone and all this sorry mess demonstrates is the bullying tactics of the EU.
The bottom line is that a minor economy like Greece simply cannot be tied to a power economy like Germany, the Euro will only work once all social and economic conditions are level across the community. Until then the PIGS will suffer.
Really? You know that for a fact do you Gromit?
There is no way this situation benefits either Greece or the Eurozone and all this sorry mess demonstrates is the bullying tactics of the EU.
The bottom line is that a minor economy like Greece simply cannot be tied to a power economy like Germany, the Euro will only work once all social and economic conditions are level across the community. Until then the PIGS will suffer.
http://
one has a parting on the right...apart from that hardly any difference !
same aims different methods...
one has a parting on the right...apart from that hardly any difference !
same aims different methods...
"the Euro will only work once all social and economic conditions are level across the community"
and that is what the eussr wants..and all overuled and dictated to from on high in germany...a fourth reich...with the likes of hollande et al all muscling in for control until the inevitable collapes and infighting starts and the empire starts to implode...sound familiar !?
and that is what the eussr wants..and all overuled and dictated to from on high in germany...a fourth reich...with the likes of hollande et al all muscling in for control until the inevitable collapes and infighting starts and the empire starts to implode...sound familiar !?
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