Current Affairs EU In or Out

[Bruce Wayne]

Germany is not offering any of her own money. They caused the problem then sought EU money to fix it by offering bribes to Turkey. Greece has been left in no mans land....Germany is being driven purely by the chaos that Merkel produced as a way of getting her off the hook.........

They're spending between €15-20 billion a year Pete.

http://www.reuters.com/article/us-europe-migrants-germany-costs-idUSKCN0Y50DY

 

[Bruce Wayne]

It's 175% of GDP.......

I'm going to assume you know how loans work Pete? As I clearly said, the interest payments on their loans are very manageable, at just 2.6% of GDP, which is far better than healthier economies in Europe.

 

[peteblue]

I'm going to assume you know how loans work Pete? As I clearly said, the interest payments on their loans are very manageable, at just 2.6% of GDP, which is far better than healthier economies in Europe.

So it's just a case of when its paid off then......And their 25% unemployment rate is neither here nor there.......And 46% youth unemployment....sounds fine....

 

[peteblue]

by Nektaria Stamouli & Marcus Walker

Wall Street Journal
November 17, 2016

Greece’s finance minister warned Germany and other creditors to agree on a debt restructuring in coming weeks, or miss the best chance to bring the struggling country’s seven-year crisis to an end.

Finance Minister Euclid Tsakalotos’s comments, in an interview with The Wall Street Journal, came a day after U.S. President Barack Obama visited Athens, where he backed calls for Greek debt relief. Mr. Obama continued his European trip in Berlin on Thursday.

German leaders including finance chief Wolfgang Schäuble have said Greece’s debt can be addressed at a later date. Mr. Tsakalotos, however, warned that procrastination could undermine the country’s hopes of recovery in 2017, and that the coming weeks offer an important opportunity for the eurozone to show it can fix, rather than avoid, its problems.

“If we kick the can down the road and say ‘we will decide in two years’” about how to make Greece’s debt sustainable, then investors will also postpone decisions about investing in Greece, said Mr. Tsakalotos, a leading figure in Greece’s ruling left-wing Syriza party.

 

[Toffeelover]

It's perhaps worth remembering that the interest payments on Greek debt amounts to around 2.5% of their GDP. In Portugal and Italy, by way of contrast, it's nearer 5%. This notion that they're being crippled by debt is not supported by facts.

Never mind the interest % but what is the amount of debt in total for each individual country. Which ever way it is looked at points to EU failure.

 

[Toffeelover]

From what I understand, the EU has offered quite a lot of support to Greece, whether it's negotiating a deal with Turkey that sees them processing the bulk of the migrants, or offering support to help process what remains. I dare say that they've received considerably more support from Germany in that time than they have from Britain. In terms of finances, I believe the aid package they agreed with Greece is worth roughly 10x the value of their exports to the country. They're hardly standing by and doing nothing.

What debt does Greece owe us? If any far below the debt owed to Germany so your statement belies the true state of affairs. Economical with the facts here Bruce.

 

[Toffeelover]

I'm going to assume you know how loans work Pete? As I clearly said, the interest payments on their loans are very manageable, at just 2.6% of GDP, which is far better than healthier economies in Europe.

They are only manageable if your GDP can afford them.

 

[Joey66]

Time to spank the plank for t


Basically, they're talking a load of merde, grasping at any kind of straw that floats by, or idea that comes into their head.

It makes for interesting reading, but Man, I've never seen anything like it in my life before...

I have for a few weeks after a GE , but this is going beyond the timescale, in a way most Remainers want the vote reversed?

 

[Joey66]

No mate, when it's on a leaflet, it means business. Everything else is different.

What do you think the remainers or the outers could not understand about this?????? ok you lost get used to it!

 

[Toffeelover]

In The Times today article about Blair wanting to get into the Brexit debate. Apparently has been talking with Osbourne to find ways to stop it. Regards May as lightweight and Corbyn as a nutter. He is trying to worm his way back into UK politics. I cansee him standing by ready to step in if their should be a Labour split.

 

[Joey66]

Theresa though, how did she beam info about her view on the single market back in time?

Forget History look to the future you type the same rhetoric to prove a point I am for one not biting ok!
I am not a tory but respect her stance so far over Brexit OK!

 

[Joey66]

In The Times today article about Blair wanting to get into the Brexit debate. Apparently has been talking with Osbourne to find ways to stop it. Regards May as lightweight and Corbyn as a nutter. He is trying to worm his way back into UK politics. I cansee him standing by ready to step in if their should be a Labour split.

did he not say the Labour shadow chancellor was not fit for purpose?lol

 

[ToffeeTim]

Blair thinking he's still relevant lol

Keep your nose out you war mongering wannabe yank

 

[Joey66]

Blair thinking he's still relevant lol

Keep your nose out you war mongering wannabe yank

or peace envoy for the middle eastlol

 

[peteblue]

did he not say the Labour shadow chancellor was not fit for purpose?lol

He also said we should joint the Euro......