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

[AJL308]

richardxjr said:

Not Out.

Ever.

This.

It simply will not happen as the 'project' is too important to fall.

'At any cost' is all we need to remember. And boy will it cost.

[XM5ER]

Art0ir said:

XM5ER said:

Given that China now appears to be leveraged to the hilt, is Germany the only country in the world that is actually in the black?

Um, Germany's debts total 80% of GDP!

Well there you go. What a strange world we live in.

[anonymous-user]

In the world of the blind, the one eyed man is king.

[KarlMac]

XM5ER said:

Art0ir said:

XM5ER said:

Given that China now appears to be leveraged to the hilt, is Germany the only country in the world that is actually in the black?

Um, Germany's debts total 80% of GDP!

Well there you go. What a strange world we live in.

Does anyone actually have any money?

[AJL308]

KarlMac said:

Does anyone actually have any money?

Someone must because he seems to be lending an awful lot of it to an awful lot of people.

Edited by AJL308 on Thursday 9th July 18:00

[anonymous-user]

KarlMac said:

Does anyone actually have any money?

I

I've got a fiver in my pocket. Does that coun?

[anonymous-user]

EskimoArapaho said:

It's odd that they met on Monday, but didn't release any significant joint statement. I thought that was a sign that Merkel had had enough.

And today they're doing a Good Cop, Bad Cop routine via press interviews.

Merkel knows she'll be toast if she makes her people dig any deeper into their pockets. While the Greek government are flouncing about voting against austerity, the industrious Germans are at work ..

[Driller]

Very interesting to hear all the "INs". I'd love to know what Steffan thinks!

What implications does this have for the future of the Euro then? (I think I know the answer).

[Borghetto]

garyhun said:

I've got a fiver in my pocket. Does that coun?

So you're the man with the cash - I'll bet now you've been "outed", they'll be bailing you into the bailout:-)

[Mermaid]

Greek proposals are now in, make some concessions including pension age.

[Cobnapint]

So the referendum was a waste of time then.

And money. Money they haven't got.

[anonymous-user]

KarlMac said:

XM5ER said:

Art0ir said:

XM5ER said:

Given that China now appears to be leveraged to the hilt, is Germany the only country in the world that is actually in the black?

Um, Germany's debts total 80% of GDP!

Well there you go. What a strange world we live in.

Does anyone actually have any money?

Yes. Governments are all in debt but the population has wealth in savings, pensions, investments and property/land. In the UK your total household wealth net of debt is over 5 times the government debt.

[Luke Warm]

Total private and public debt is about the same as total household wealth net of debt.

[Cobnapint]

Tonight's offer from Greece amounts to more than the offer before the referendum that supposedly gave Stavros the mandate to tell the creditors to go f*ck themselves.

Go figure.....

[turbobloke]

With Merkel ruling out a haircut apparently.

[AJL308]

Cobnapint said:

Tonight's offer from Greece amounts to more than the offer before the referendum that supposedly gave Stavros the mandate to tell the creditors to go f*ck themselves.

Go figure.....

He's clearly a student of the Peter Griffin school of financial responsibility;

http://youtu.be/srxM5HdcHQY

Edited by AJL308 on Thursday 9th July 23:08

[gruffalo]

Cobnapint said:

Tonight's offer from Greece amounts to more than the offer before the referendum that supposedly gave Stavros the mandate to tell the creditors to go f*ck themselves.

Go figure.....

I just don't get this at all.

Is the current Greek government completely disingenuous, either they offer these term in the knowledge they will never deliver against them or they do deliver which means the referendum was for naught and they will ignore what the people voted for!

Either way it is hardly surprising their is very little trust of the current Greek government among the other EZ states.

[craig7l]

I've read previous posts in here of how the Greek government has played a sterling job, how they have grown in popularity - With some posters in this thread.
I've firmly believed they have always been elected on an undeliverable, which is jubilant initially but non tenable.

I lived in hope that he would have the gall to lead the Greeks out of the currency prison but alas the pressure of the ECB turning off the taps has caused him to cave.
greece will get a "deal"..........Alex will be gone within 6 months......!

[Andy Zarse]

craig7l said:

I've read previous posts in here of how the Greek government has played a sterling job, how they have grown in popularity - With some posters in this thread.
I've firmly believed they have always been elected on an undeliverable, which is jubilant initially but non tenable.

I lived in hope that he would have the gall to lead the Greeks out of the currency prison but alas the pressure of the ECB turning off the taps has caused him to cave.
greece will get a "deal"..........Alex will be gone within 6 months......!

You could be right. He will say and agree to almost anything just to get the banks open again. If he had any guile, which I'm beginning to doubt, he'd take the next bail out money and then bang, grexit

[craig7l]

With that little Gaul Hollande whispering sweet nothings a new set of eu heroes will emerge and in the news it will all be about the hand shakes.....