Is the end nigh for the Euro? [vol. 3]

[andy-xr]

Also, it still makes more sense for Germany to leave the Euro than it does for Greece to leave

[Mermaid]

andy-xr said:

Also, it still makes more sense for Germany to leave the Euro than it does for Greece to leave

Northern & Southern Euro may have been a better start for ultimate congruence.

[Steffan]

Mermaid said:

andy-xr said:

Also, it still makes more sense for Germany to leave the Euro than it does for Greece to leave

Northern & Southern Euro may have been a better start for ultimate congruence.

Could very well be. Unfortunately we are where we are and the Euro is structured as the Euro is structured I agree that the Northern and Soutern Euro might well have been better balance. But the EU politicians saw great wealth making for themselves with this super union. Does not look so good now, does it?

[AJS-]

Steffan said:

Could very well be. Unfortunately we are where we are and the Euro is structured as the Euro is structured I agree that the Northern and Soutern Euro might well have been better balance. But the EU politicians saw great wealth making for themselves with this super union. Does not look so good now, does it?

Oh it does for some.

[DJRC]

Awesome from the Greeks today

New finance chap turns up to the emergency summit with a list of bullet points scrawled on a sheet of his hotel notepaper. A sheet.


Im really starting to like Syriza, these blokes are geniuses Ive said it several times already but these guys have absolutely no interest in any kind of deal other than complete haircut or they wind the EU up so much the EU forces them to leave the Euro and Tsippy sells it back to the electorate at home. Syriza have no interest whatsoever in being in the Euro or being beholden to anybody but themselves.

[tescorank]

I think we need to stock up on canned food.

http://www.bbc.co.uk/news/business-15748696

[Gruffy]

[anonymous-user]

Gruffy said:

"Pick up milk and pasta after meeting"

"Remember to call Maria about the kids party next weekend"

"Talk about finance-y stuff at meeting for a while"

[Axionknight]

tescorank said:

I think we need to stock up on canned food.

http://www.bbc.co.uk/news/business-15748696

7.3 trillion euros.

Fuuuuuuuuuuuuuuckin' hell

[MiniMan64]

Axionknight said:

tescorank said:

I think we need to stock up on canned food.

http://www.bbc.co.uk/news/business-15748696

7.3 trillion euros.

Fuuuuuuuuuuuuuuckin' hell

So the U.S. owes us £800 odd billion and we owe them £500 billion, doesn't that just mean they owe us £300 billion?

[Jos Notstoppen]

MiniMan64 said:

So the U.S. owes us £800 odd billion and we owe them £500 billion, doesn't that just mean they owe us £300 billion?

Don't panic the BBC report is dated 2011, things must be a lot better now. I am sure they said so just before the election.

[Axionknight]

MiniMan64 said:

Axionknight said:

tescorank said:

I think we need to stock up on canned food.

http://www.bbc.co.uk/news/business-15748696

7.3 trillion euros.

Fuuuuuuuuuuuuuuckin' hell

So the U.S. owes us £800 odd billion and we owe them £500 billion, doesn't that just mean they owe us £300 billion?

It's all a load of ste isn't it?

[Mermaid]

Gruffy said:

Profi's - and wonder what they get up to when they are not working.

[Luke Warm]

MiniMan64 said:

So the U.S. owes us £800 odd billion and we owe them £500 billion at a different rate of interest, doesn't that just mean they owe us £300 billion?

EFA.

[Steffan]

DJRC said:

Awesome from the Greeks today

New finance chap turns up to the emergency summit with a list of bullet points scrawled on a sheet of his hotel notepaper. A sheet.


Im really starting to like Syriza, these blokes are geniuses Ive said it several times already but these guys have absolutely no interest in any kind of deal other than complete haircut or they wind the EU up so much the EU forces them to leave the Euro and Tsippy sells it back to the electorate at home. Syriza have no interest whatsoever in being in the Euro or being beholden to anybody but themselves.

I agree!

Syriza have wiped the EU off the field. The EU really do look the beaten side on this.

Twiddling their thumbs and visibly having no control over the outcome of the biggest decision the EU as had to make since it started. How on earth could like likes of Angela Merkel, an exceptionally intelligent politician, let this get away from the EU in the wayit has.

They really are reduced to asking Syriza "Pretty please could we have your proposals"? Pretty please!

Syriza are running enormous risks with their country but as ever fortune favours the brave!

I do think the EU look pathetic in this affair. Really, One could not make this up!

[Mermaid]

Steffan said:

I agree!

Syriza have wiped the EU off the field. The EU really do look the beaten side on this.

Twiddling their thumbs and visibly having no control over the outcome of the biggest decision the EU as had to make since it started. How on earth could like likes of Angela Merkel, an exceptionally intelligent politician, let this get away from the EU in the wayit has.

They really are reduced to asking Syriza "Pretty please could we have your proposals"? Pretty please!

Syriza are running enormous risks with their country but as ever fortune favours the brave!

I do think the EU look pathetic in this affair. Really, One could not make this up!

Greeks cannot manage their finances, The EU cannot manage Greece - "not fit for purpose" comes to mind.

[Steffan]

Mermaid said:

Steffan said:

I agree!

Syriza have wiped the EU off the field. The EU really do look the beaten side on this.

Twiddling their thumbs and visibly having no control over the outcome of the biggest decision the EU as had to make since it started. How on earth could like likes of Angela Merkel, an exceptionally intelligent politician, let this get away from the EU in the wayit has.

They really are reduced to asking Syriza "Pretty please could we have your proposals"? Pretty please!

Syriza are running enormous risks with their country but as ever fortune favours the brave!

I do think the EU look pathetic in this affair. Really, One could not make this up!

Greeks cannot manage their finances, The EU cannot manage Greece - "not fit for purpose" comes to mind.

Precisely my thoughts. Unmanageable problems mixed in with incompetence and self interest prioritising. I simply cannot see how Greece can continue to be regarded as solvent. But that is apparently the EU/IMF plan. Madness.

The EU are busting a gut to keep this rolling along and risking more and more money gambling that Greece will return to solvency. Not in five years, they haven't and I do not see how Greece can ever recover solvency. Every Euro spent by the EU on this nonsense has been thrown away into a bottomless pit.

What on earth for? Utter madness!

[DJRC]

Steffan...you appear to have forgotten my posts and comments on Merkel and the German position with regards to this: namely that the Frau has managed the situation for Germany almost perfectly. She has ensured the German banks are no longer at any great risk. She has ensured there will be minimal contagion from Greece to the wider domestic European marketplace. She has ensured a continuing European domestic marketplace for German industry to dominate. She has ensured that the debt burden on the German tax payer has been spread around every other country.

Angie has played a blinder. I keep telling you two things:

A. Never ever think Germany or Angela Merkel play for the EU. They don't, they play for Germany. The EU & the Euro are tools/instruments for them to use.
B. Angela Merkel is two steps ahead of you.

[anonymous-user]

Steffan said:

The EU really do look the beaten side on this.

I have little sympathy for either Greece or the EU but it is nice to see Greece giving the EU a lesson in democracy.

[Daz68]

So if I get this right Greece has played a blinder and called everyone's bluff and the can is going to be kicked about a bit more, probably to their terms. Amazing how this farce keeps on going. Maybe there is no bad ending and we just keep in this continuous turmoil and figure manipulation for a long time.