Greece Elections

Maybe they could drop out of the Euro but then have the drachma pegged to the Euro instead but perhaps with a looser allowable percentage variance than is the case for the other countries that meet the necessary criteria for ERM II. Thus instead of pegging it within a 2.5% variance of the Euro they should be in a separate category to these countries and have slightly more room for their currency to fluctuate to the Euro but without completely bombing out.
 
I don't think the Greeks are going anywhere. They are given crucial deadline after crucial deadline and they are still here.

I use to have little sympathy for them but I find myself admiring their stance more and more. The rest of the EU look like a load of headless chickens running about in this crisis.
 
I wonder what those idiots who voted against the deal but want to stay in the euro are thinking?

Whoops.. Doesn't really cut it
 
Third Opinion said:
I don't think the Greeks are going anywhere. They are given crucial deadline after crucial deadline and they are still here.

I use to have little sympathy for them but I find myself admiring their stance more and more. The rest of the EU look like a load of headless chickens running about in this crisis.
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I get the feeling this time it might be different. Germany won't or even can't take much more before their voters go bat**** crazy. So I think this time it's either put up or get out for greece. That is unless those quizling french *******s capitulate as they always do.
 
PermaBanned said:
austerity hasn't worked
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It's not that austerity didn't work. It's that austerity was never seriously attempted. Greece is too greedy and corrupt to fix her own problems, that's why she keeps begging money from other people.

Iraklis F.C. said:
very anglo-saxon education this cabinet has, perhaps this upsets ze germans?
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The Saxons came from Germany mate...
 
dowie said:
well this guy is on the ball

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

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[/QUOTE]

Greek comedy at its best. The 'Only Fools and Greeks' show will end tomorrow night if he doesn't come forward with some proper proposals. The way it's heading at the moment is a one way street towards humanitarian aid.
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Evangelion said:
It's not that austerity didn't work. It's that austerity was never seriously attempted. Greece is too greedy and corrupt to fix her own problems, that's why she keeps begging money from other people.
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I think that's just an easy soundbite to say and not exactly accurate.

They have had huge amounts of austerity and the populous have had a massive drop in living standards, 25% reduction in GDP, 26% unemployment with 50% youth unemployment, massive reductions in pensions and the raising of pensionable age to the same as everyone else. Increase in consumption taxes, reduction in public spending the list goes on.

You can't fix something like this overnight, of course they are still going to need more money from everyone else, for some time to come as well.

It's the same as when people criticise Osborne for increasing the Debt to record levels....well, duh, for as long as we have a deficit the debt will go up, and it's going to take us a decade or so to reduce our deficit, so we are still needing people for more money for a long time yet.
 
Tefal said:
but its not our strongest trading partner its a name for a group of trading partners none of whom will go anywhere.
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But now they we are a single trading block with unifying trade laws, it's so much easier for business to do trade within the EU than it was before.
 
Freakbro said:
I think that's just an easy soundbite to say and not exactly accurate.

They have had huge amounts of austerity
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Have they? The 40% pensions are still there. The 49% tax evasion is still there. Greece never got serious about austerity.
 
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