Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#1
looks like the far left have got the result they wanted.
and they are dancing to this.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#2
You could have started an interesting thread for a change Brian.
But then you had to Brian all over it
.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#3
Could mean they exit the Euro. the greek public have had enough of imposed austerity with no end in sight.
Dave and George should take note.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#4
Default and back to the drachma would be interesting.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#5
kieth,its all greek to me.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#6
A coalition of left and populist right have formed a government and nobody is sure what direction it will take other than them wanting to keep the Euro. All eyes will be on the German government who will want to see the austerity carry on.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#7
Have to hand it to the new bubble government, already re-employed sacked public sector workers, brought in free prescriptions , pensions and other things taken away from the people, now they are refusing to negotiate with the troika.
http://www.bbc.co.uk/news/world-europe-31055069Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#8
Both sides are playing a very silly game of brinksmanship.
The Greeks know they have no choice but to talk to the "troika" as they are the ones who provided funding and they also know that there is no way that they will get a debt write off, the EU Finance Ministers know that they have little choice but to reach some accommodation with Greece over the period of the loans, otherwise Greece will be in default by the end of February which means the Euro & EU bonds will take a pummelling; something the EU can ill afford at this juncture.
Finally, everyone knows that the chance of Greece leaving the EU & Euro is close to zero, as they would have no access to international debt markets and the country would rapidly descend into chaos and anarchy as what little internal finance Greece can generate evaporates.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#9
The turn of Spain to look to a new party in the hope that austerity can be lessened, the recurring theme in many countries is a disenchantment with mainstream politics and politicians.
http://www.bbc.co.uk/news/world-europe-31072139Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#10
you couldn't make it up could you.
Bob Whysman
- Registered: 23 Aug 2013
- Posts: 1,948
#11
Consider this as bedtime reading!
Russian billionaires have been flooding Greek Cypriot banks with their cash for years and already have a huge stake in the Bank of Cyprus, If they decide to involve themselves in the Greek crisis by using their huge assets to gain a military presence in Greece where would this leave Europe?
www.democraticunion.eu/2015/01/cyprus-awash-russian-money
The EU is already committed to subsidising the Cypriot economy, which has already worsened due to the sanctions on Russia, so they are probably quite happy to wait for the payout!
http://ec.europa.eu/economy_finance/eu/countries/cyprus_en.htm
More importantly how would this affect the security of Europe if the Greek problems encouraged others in the Middle East to use this opportunity to extend their military ambitions?
There are already signs of Russia cosying up to the Greeks so what could be the outcome?................Just a thought!
Do nothing and nothing happens.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#12
When the Greeks default, there only concern will be energy and water supplies to start industry and tourism
Russia and china would be natural bed fellows for the Greeks ,a stash house for cash and holiday investment haven.
When you push a people over the edge you get communism or nationalism.
This should be a warning to the uk,
Millions of people are bumping along the bottom, crap wages ,high accommodation costs and high energy bills.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#13
Straight after the fall of communism wealthy Russians flocked to Cyprus buying up properties, emptying jewellers of everything gold and filling the banks coffers there. Greece would be a natural progression, the question then would be if Greece could still host NATO bases there if a more formal relationship with Russia took place.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#14
I don't think politics will come in to it ,just investment and a safe no questions place for the hidden cash of the world.
Greeks would be effectively on its own for giving the EU and its banks the big finger.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#15
A lot of indebted nations are looking at the Greece situation closely, waiting to see if they sink or swim before deciding what they do themselves. One thing is for sure people are reaching the end of their tether about austerity and don't see an end to it.
In fact the chancellor recently said that the next ten years will be much like the last five.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#16
The end game is to bring Weston worker down to the wages and conditions of the east
All this crap about Weston high value technology jobs is all smoke ,if the chinks can do it for them selves they will.
And all the money spivs of the west ,will never get a meaningful foot holed in the east.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#17
Going slightly off at a tangent the Far East has always been protectionist whilst pretending to want free trade. When Japan was the great economic powerhouse an d exporting Datsun/Nissan cars to the west the newly better there wanted a Range Rover.
One out of every ten sent there was stripped down to the last nut and bolt to check it complied with import requirements. After shipping costs the profit margin for British Leyland was about 10% so they soon stopped sending them.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#18