Greek Financial Crisis

[chewee]

They aren't being forced into Bankruptcy.....they are Bankrupt.......it's now just a matter of arranging the terms to pay off the loans......

Yet more austerity will shrink their economy further, agreeing to terms and squeaking by for now may give them breathing space but it just puts off the inevitable. The measures imposed originally killed the shoots of recovery, the same will happen again Their liabilities are that great I can not see a way out for them whilst staying in the eurozone.

This is high stakes brinkmanship, make no mistake beneath all the bravado there are some very nervous finance ministers/bankers.

 

[SpurtingLesbian]

We in Ireland got hit hard by the bailout programme and no mistake.

It's up to the Greeks. If they want to stay in the Eurozone they will have to continue to take their medicine. They can't have it both ways.

There isn't a lot of choice about it for the Greeks. It's down to the EU and if they want a failed State full of desperate people on their doorstep or not.

 

[chewee]

We in Ireland got hit hard by the bailout programme and no mistake.

It's up to the Greeks. If they want to stay in the Eurozone they will have to continue to take their medicine. They can't have it both ways.

This is the problem faced by europe, any concessions made will be jumped on by other nations who have had help previously.

 

[The Equaliser]

There isn't a lot of choice about it for the Greeks. It's down to the EU and if they want a failed State full of desperate people on their doorstep or not.

That's a bit harsh on the Greeks. They will continue to struggle if they stay in the Eurozone but they have the choice in the referendum whether to do so or not.

 

[sageyefc]

That's a bit harsh on the Greeks. They will continue to struggle if they stay in the Eurozone but they have the choice in the referendum whether to do so or not.

Either way they'll struggle whether in or out. They truly are a messed up country for the foreseeable

 

[tsubaki]

There isn't a lot of choice about it for the Greeks. It's down to the EU and if they want a failed State full of desperate people on their doorstep or not.

That isnt what the EU is facing, though. Greece defaults, brings back the drachma and Europe is going to be faced with a state which it is suddenly a lot cheaper, safer and generally all round more enjoyable for EU citizens to go and have a fantastic holiday in - even more than it is now.

 

[Azzurri]

Going tomorrow.

Aside from the problem of taking all spends in cash, have I got anything to be worried about?

 

[Frank Gallagher]

Going tomorrow.

Aside from the problem of taking all spends in cash, have I got anything to be worried about?

Forigners can still use atms no probs so I hear

 

[tsubaki]

Going tomorrow.

Aside from the problem of taking all spends in cash, have I got anything to be worried about?

people bearing gifts

 

[Pat's Van]

Going tomorrow.

Aside from the problem of taking all spends in cash, have I got anything to be worried about?

just make sure you wear your sun cream chum

 

[chewee]

That isnt what the EU is facing, though. Greece defaults, brings back the drachma and Europe is going to be faced with a state which it is suddenly a lot cheaper, safer and generally all round more enjoyable for EU citizens to go and have a fantastic holiday in - even more than it is now.

Several banks will lose tens of billions, it could drive them to the brink of collapse. I am not talking Greek banks here either, lets not forget some of the big hitters guarenteed Greek debts.

The knock on effect could plunge the eurozone back in to deep recession, further bailouts, further increases on already spiralling national debts and a whole new debt crisis to contend with.

 

[Lids1978]

Please vote to bring down the crazy made up currency my Greek friends. Don't be stupid like them Paddy's oh wait..
To hell with the ECB,IMF and the Irish..

 

[The Equaliser]

Either way they'll struggle whether in or out. They truly are a messed up country for the foreseeable

They need to face up to their situation then like we did and tackle it head on. It's not like they are a 3rd world country.

 

[Lids1978]

One Euro will get you 71.23 Queens Pence..thought it would be worse tbh

 

[Lids1978]

They need to face up to their situation then like we did and tackle it head on. It's not like they are a 3rd world country.

That's bollox mate. They are a great bunch of lads. Your just sounding like a FG man there. We got screwed over unsecured bondholders and have nothing to be proud about tbf