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Old 01-02-2015, 01:19   #11
Northerner
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Originally Posted by Malcolm Tucker View Post
If Greece had their own currency all along they could probably just scratch the debt, shout fuck you, and start again. The low value would indeed attract tourists in droves for a good recovery.

But tied within the euro I think he'll end up negotiating a re-structuring of it, looser terms, a bit shaved off like before with the 'debt haircut' as they called it, and that's about it. I don't think he'll actually go apeshit and bin the whole currency if they refuse his terms.

Hope he does it anyway for the lolz though.
Not sure what point you are making in context to the thread? Greece have the tourist card but that is not enough to pay their debts. In addition they have a higher illegal immigration problem like Italy so how do yet hey deal with that?

No way they can "negotiate " any deal as that would impact Greece own banks who also contributed into the bailouts.

If Greese fail to continue with the repayments then the EU collapses it's that simple.
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Old 01-02-2015, 09:37   #12
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Your last statement has a cause and an effect that arent really linked.

If Greece refused to meet its payments then they'd most likely be kicked out of the euro and go their own way, leaving the EU intact.
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Old 01-02-2015, 12:33   #13
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Not sure what point you are making in context to the thread? Greece have the tourist card but that is not enough to pay their debts. In addition they have a higher illegal immigration problem like Italy so how do yet hey deal with that?

No way they can "negotiate " any deal as that would impact Greece own banks who also contributed into the bailouts.

If Greese fail to continue with the repayments then the EU collapses it's that simple.
Greece's own banks have contributed a tiny percentage to the bailouts.

The point being made is quite straight forward, if they were already on the drachma then a default on its debt could arguably be handled without too much pain. Iceland did precisely this, and although they still have a way to go, they opted for default and said 'fuck the debt, the people are more important than our creditors'

The key difference with Greece, is that they're tied to the Eurozone, it's clearly far more complicated, but I doubt it will cause the EU to collapse. Not to mention that's not what they've elected him to do anyway. If you look back on the build up to this, they've only got enough popularity since he moderated his stance on the euro. Greeks want to stay in, that's his mandate: halve the debt, stay in the euro. I think it's possible, but I am hoping it'll all kick off
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Old 01-02-2015, 13:20   #14
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Greece default, but the liberal lefties won't want to throw them out of the EU.

Spain and Portugal think fuck this and default themselves, EU collapses.

Britain picks up the slack in Europe and becomes Great again


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Greater Britain (union), Not Yeah it's like fucking awesome Britain! (even if it might be)

Oh and chase me you big bull like running man.
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Old 12-06-2015, 19:14   #15
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Good news. The rest of Europe have conceded that leaving the euro is an option.
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Old 12-06-2015, 19:27   #16
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You can only deny facts for so long before reality becomes impossible to ignore.
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Old 12-06-2015, 20:22   #17
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You can only for so long before
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Old 12-06-2015, 20:29   #18
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spackcon 1
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Old 12-06-2015, 20:42   #19
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You're just mad because now a grexit wont bring down the euro. Whats your next hope?
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Old 12-06-2015, 20:45   #20
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I'm not mad at all, and in the long run the euro is fucked.
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