Greece Elections

Iraklis F.C. · 12 Jul 2015 at 13:53

whats going on lads, i am in a state of confusion. I thought the greeks were the problem, now all of sudden ze germans and their kiss ***** dont want an agreement? SO they want us to hand over earth and water? You know the answer to this now , dont you?

"every cloud has a silver lining" they say, the Euro imho is doomed, i can only laugh at whats going on at Brussels.

The Finns are messed up too,

IMF says country needs bold & rapid structural reforms, credible fiscal adjustment, etc. Greece? No, Finland.

Nate--IRL-- · 12 Jul 2015 at 14:09

Iraklis F.C. said:
whats going on lads, i am in a state of confusion. I thought the greeks were the problem, now all of sudden ze germans and their kiss ***** dont want an agreement?

I think they just don't believe Greece will honour their word. Can't say I blame them for being sceptical.....

Nate

Iraklis F.C. · 12 Jul 2015 at 14:19

the deal in discussion now is exactly the same with last weeks and even worse for the greeks, all of a sudden it comes down to trust? WHo said then i trust those eurocrats, they have literally failed again and again in every way?

What are the germans tryin gto say now, get rid of the government because we dont trust them, wow way to go EU. The founding fathers of the EU must be spinning in their graves now.

Nate--IRL-- · 12 Jul 2015 at 14:25

Iraklis F.C. said:
the deal in discussion now is exactly the same with last weeks and even worse for the greeks, all of a sudden it comes down to trust?

Given the behaviour exhibited over those 2 weeks I'd say yes, it does come down to trust.

Nate

Iraklis F.C. · 12 Jul 2015 at 14:31

Oh i see, we were supposed to say YES to even more austerity. One must be completely stupid to accept a reduction of his salary over a 5 years plan up to 60%.

dowie · 12 Jul 2015 at 14:38

well you can always walk away from the euro... just it seems your leaders lack any actual leadership ability and as a result of their silly games they've lost a lot of trust

Iraklis F.C. · 12 Jul 2015 at 14:40

they lack the guts, just take everybody and outta here, but looks like the french, italians and the yankees dont wanna hear about this, jesus you cant even walk out of this so called union.

M1k3H · 12 Jul 2015 at 14:45

they are more concerned about the geopolitical significance of Greece walking out of the euro..

Now seems Bulgaria has joined this group too. Of course they as well only have their one interests at heart, since a devalued Greece would mean tourism to Bulgaria would go down.

Danny091 · 12 Jul 2015 at 14:47

Iraklis F.C. said:
they lack the guts, just take everybody and outta here, but looks like the french, italians and the yankees dont wanna hear about this, jesus you cant even walk out of this so called union.

Treaty on European Union (Article 50): "Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements."

So they could just leave if they wanted.

I think it does come down to trust now, not implementing everything that was promised last time, walking away from negotiations and calling a snap referendum they have shown that they can be slightly irrational. Meaning the lending countries are now worried that they will take the deal but implement none of the changes.
Also in the two weeks this has being gone on Greek's economy and financial position is worse so they need more money than was allocated in the previous bail out so now they need more measures to get the extra money.

M1k3H · 12 Jul 2015 at 14:48

Danny091 said:
Treaty on European Union (Article 50): "Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements."

So they could just leave if they wanted.

That is for the EU. Nobody is talking about EU exit, for now.

Danny091 · 12 Jul 2015 at 14:53

I was talking about Irakis saying they don't have the guts and you cant "walk out of the union" i was simply pointing out Greece could if they wanted to simply walk out.

Not that its what should happen.

Iraklis F.C. · 12 Jul 2015 at 15:08

M1k3H said:
they are more concerned about the geopolitical significance of Greece walking out of the euro..

Now seems Bulgaria has joined this group too. Of course they as well only have their one interests at heart, since a devalued Greece would mean tourism to Bulgaria would go down.

i happen to live in northern greece, bulgarians are even more worried, their economy is very dependant on greece, 80% of their small to medium scale manufacture is greek owned. A devalued drachma and encouragement schemes would mean factories will be back in Thessaloniki, man its so sad driving through the industrial park here just next to the refineries it makes your heart bleed. They were so many small and medium sized operations in the 90's the lorries were in the hundreds waiting in the queue.

I am so fed up with the germans, their euro has brought misery and poverty across the south and soon across to the northern partners. The finnish are in trouble, the baltic states are like zombies.

No seriously if i was the premier and heard that we had to hand over land as an asset i would have immediately walk out the next minute.

M1k3H · 12 Jul 2015 at 15:13

Iraklis F.C. said:
i happen to live in northern greece, bulgarians are even more worried, their economy is very dependant on greece, 80% of their small to medium scale manufacture is greek owned. A devalued drachma and encouragement schemes would mean factories will be back in Thessaloniki, man its so sad driving through the industrial park here just next to the refineries it makes your heart bleed. They were so many small and medium sized operations in the 90's the lorries were in the hundreds waiting in the queue.

I am so fed up with the germans, their euro has brought misery and poverty across the south and soon across to the northern partners. The finnish are in trouble, the baltic states are like zombies.

No seriously if i was the premier and heard that we had to hand over land as an asset i would have immediately walk out the next minute.

I would do that too.

The Germans reaped the rewards of the Eurozone (devaluation of currency) without wanting to contribute to the Eurozone.

Of course a nearly bankrupt "partner" is better for Germany as the Euro plummets even further down, and their exports go up.

I can see why they want to drag this out so much.

Dolph · 12 Jul 2015 at 15:21

Iraklis F.C. said:
the deal in discussion now is exactly the same with last weeks and even worse for the greeks, all of a sudden it comes down to trust? WHo said then i trust those eurocrats, they have literally failed again and again in every way?

What are the germans tryin gto say now, get rid of the government because we dont trust them, wow way to go EU. The founding fathers of the EU must be spinning in their graves now.

Last week it was for €7bn, not €70bn, and Greece refused to implement it, not to mention that most of if was things Greece already agreed to in 2010 and 2012...

Why would the rest of the eu trust Greece when they have already proven to be liars?

Iraklis F.C. · 12 Jul 2015 at 15:24

Dolph said:
Last week it was for €7bn, not €70bn, and Greece refused to implement it, not to mention that most of if was things Greece already agreed to in 2010 and 2012...

Why would the rest of the eu trust Greece when they have already proven to be liars?

7 bn were the sum of the austerity measures, where did you came up with 70 bln? To comprehend the lunacy of the situation nobody wants the loans and yet they are going to be pushed down the throat just because an incompetent government asked for it and eurocrats would love it.

Growth forecasts for us=ZERO.

Nate--IRL-- · 12 Jul 2015 at 15:29

Iraklis F.C. said:
7 bn were the sum of the austerity measures, where did you came up with 70 bln? To comprehend the lunacy of the situation nobody wants the loans and yet they are going to be pushed down the throat just because an incompetent government asked for it and eurocrats would love it.

Growth forecasts for us=ZERO.

Just curious, what is you preferred option at this point? Leave or bailout?

Nate

Jono8 · 12 Jul 2015 at 15:30

Iraklis F.C. said:
7 bn were the sum of the austerity measures, where did you came up with 70 bln? To comprehend the lunacy of the situation nobody wants the loans and yet they are going to be pushed down the throat just because an incompetent government asked for it and eurocrats would love it.

Growth forecasts for us=ZERO.

The package they are going for now is a 3 year one instead of an extension for a couple of months.

Iraklis F.C. · 12 Jul 2015 at 15:31

leave. One size doesnt fit all, thats the conclusion.

gary996 · 12 Jul 2015 at 15:32

They should sell off some of their islands. I'm sure they could make some money that way

V F · 12 Jul 2015 at 15:36

Dolph said:
Why would the rest of the eu trust Greece when they have already proven to be liars?

No honour amongst thieves.