Greece Elections

[thep02]

The key passage is this bit:



This was never a bailout of Greece; it was a plan to prevent further damage in the Eurozone banking system. Private risk has been transferred to the public sector and while everyone squeals about Greece paying its debt the banks are permitted to dance off unscathed from their ****-ups. Some "moral hazard".

That's what I've been saying all along, the City and Fleet st have strong bonds and do their best to manipulate the UK population.

 

[dowie]

The key passage is this bit:

The €110 billion of loans provided to Greece by the IMF and Eurozone in May 2010 enabled Greece to avoid default on its obligations to these banks. In the absence of such loans, France would have been forced into a massive bailout of its banking system.​

This was never a bailout of Greece; it was a plan to prevent further damage in the Eurozone banking system. Private risk has been transferred to the public sector and while everyone squeals about Greece paying its debt the banks are permitted to dance off unscathed from their ****-ups. Some "moral hazard".

taxpayers would have(possibly will have) taken a hit either way... Banks took a haircut too and the Greeks got cheaper loans than they'd have been able to get otherwise as part of this refinancing

 

[Destination]

his wife is irish, so...

What are you saying?
That he should take advice from her, as her country was bailed out, is paying off its debts, is seeing growth, and showing promising signs of recovery?

 

[Third Opinion]

Radio was saying the Greeks turned up with 2 pages of notes on hotel paper as a plan

I personally think he should have written on bog paper and expose how poo the EU threats have been. Against all the threats he is still at the negotiating table.

 

[thenewoc]

I personally think he should have written on bog paper and expose how poo the EU threats have been. Against all the threats he is still at the negotiating table.

Their saving that to print the drachma on

 

[Freddie1980]

It's always good to get a third opinion.

 

[McBain]

No but we were going to lose, even after their captain got sent off for a fabricated reason we only managed a one goal win. Then we faced the favourites to win the tournament and the FA had the venue changed to Wembley so the bigger crowd would help us and we managed to squeeze a one goal win. Finally we faced Germany and won thanks to a goal that never crossed the line.

One of those on it's own would be suspicious but anyone who think all three in a row are probably just coincidence is deluided.

Wow.

 

[wildman]

Seems odd that Greece haven't tabled a proposal, it's as if they're expecting the Eurozone to come up with the answers on how to put Greece's economy on track.

Eurozone already came up with a plan and Greece didn't like it because it meant having to be fiscally responsible. But they would rather live their parasitic lives by suckling on the teat of the EU without having to put any of their house in order themselves.

Let them go, the Lithuanian president was correct, Greece brought nothing and now they should leave with nothing...................

 

[dowie]

well this guy is on the ball

creased up shirt (that pesky Irish wife of his not doing the ironing )

tatty folder... oh and he seems to not have a note pad so has got some paper from the hotel

still I guess we shouldn't judge a book by its cover, he could still quite easily be an improvement on the previous incumbent

 

[Jono8]

The other ministers have said he is a breath of fresh air and he has been quoted as saying there has been progress

 

[scorza]

still I guess we shouldn't judge a book by its cover, he could still quite easily be an improvement on the previous incumbent

The previous incumbent did what he was elected to do. I wonder if the new guy was surprised by Varoufakis standing down and had to make up draft a new plan pretty quickly.

 

[dowie]

The previous incumbent did what he was elected to do. I wonder if the new guy was surprised by Varoufakis standing down and had to make up draft a new plan pretty quickly.

he might well have been, but surely you don't wait until you've made it to cabinet level before you invest in a notebook...

 

[PermaBanned]

I'd rather he spends time productively than ironing his shirt

 

[Outcast]

My local Greek Restaurant is so authentic, it too has gone bankrupt!

 

[ReltonBFD]

Jealous of the Greeks they have leaving the EU on the cards . Hopefully it implodes with this just the start

 

[Nate--IRL--]

I get the distinct impression that they didn't expect to win the referendum..... scrambling now, because they had no alternative to the deal already posed..

Nate

 

[Destination]

Jealous of the Greeks they have leaving the EU on the cards . Hopefully it implodes with this just the start

I don't think anyone has suggested the Greeks leaving the EU, just the single currency.

 

[leaskovski]

I thought you couldn't have one without the other?

https://en.m.wikipedia.org/wiki/Enlargement_of_the_eurozone

All Member states of the European Union, except Denmark and the United Kingdom are obliges to adopt the euro as their sole currency once they meet the criteria,

 

[Destination]

LOL Greece don't come remotely close to meeting the criteria
I am unsure if any member state currently does.

 

[dowie]

I thought you couldn't have one without the other?

https://en.m.wikipedia.org/wiki/Enlargement_of_the_eurozone

that doesn't discount you from having membership of the EU one without using the euro

thus some talk of Greece temporarily exiting the euro

if they stay in the EU then they'd be obliged to adopt it if/when they meet the criteria again, they could still temporarily revert to their own currency at the moment