Greece Elections

sityeuropa

sityeuropa

sityeuropa

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I'm not too clued up about Greece,

If this Syriza guy wins, do you think he will be successful renegotiating a new debt deal or will the EU actually kick them out?
 
The EU hasn't got the stones to kick them out, but they won't accept a 50% debt reduction deal either. It is doing to be really interesting
 
I think the EU won't negotiate and call Syrizia's bluff. If Greece does leave the EU then it'll be a catastrophe for them, which also suits the EU's purpose as it fits in with the scaremongering tactics from the pro-EU parties in the middle of a UK general election campaign.
 
scorza said:
I think the EU won't negotiate and call Syrizia's bluff. If Greece does leave the EU then it'll be a catastrophe for them, which also suits the EU's purpose as it fits in with the scaremongering tactics from the pro-EU parties in the middle of a UK general election campaign.
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This won't happen. Greece will get some kind of debt reduction and some fudge about achieving the goals but over a longer time period. The EU is and always has been about compromise. They don't do decisive action. Germany would suffer as much as Greece as they are behind a lot of EU debts.
 
Greece has got so bad recently that the top national manufacturers of humus and taramasalata, two iconic brands, were forced to shut up shop as they were unable to rearrange their loan facilities. Talk about a double dip recession :(
 
do_ron_ron said:
This won't happen. Greece will get some kind of debt reduction and some fudge about achieving the goals but over a longer time period. The EU is and always has been about compromise. They don't do decisive action. Germany would suffer as much as Greece as they are behind a lot of EU debts.
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Unless it's an issue the UK want's to compromise on, then it's a fundamental principle and may not be changed under any circumstances.
 
scorza said:
Unless it's an issue the UK want's to compromise on, then it's a fundamental principle and may not be changed under any circumstances.
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That is what is known as political posturing, it happens all the time. When it gets down to negotiation a compromise is reached as it has many times in the past when the UK's interest is at stake. What about Thatcher's rebate? How was that not "changed under any circumstances"
 
Greece has only just begun to grow again, and their national debt is (just about) under control. And now the people are planing to throw all of this way to let the good times roll again. If I were Greek I'd be getting into Western Europe sharpish.
 
hmm this is going to be interesting... left wing party in power wanting to spend money they don't have, potentially could go rather wrong

(of course according to some being opposed to left wing parties such as that makes you a mindless sheep... well lets see how this one works out)
 
It's certainly an interesting electoral tactic, to spend the money of other countries taxpayers. I guess it is an attempt to avoid the normal problem of the left of running put of other people's money to spend in your own country.
 
Dolph said:
It's certainly an interesting electoral tactic, to spend the money of other countries taxpayers. I guess it is an attempt to avoid the normal problem of the left of running put of other people's money to spend in your own country.
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Thing is that the economy is already turning around and growing, their debts were under control, it was upwards from here on. I guess not.
 
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