Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
..what should Britain do? Anything to help them?
Let us be clear, the Euro should never have happened. From the first it was a disaster in the making and was devised simply to force the European superstate into being rather than for any kind of economic purpose. Founded on undemocratic principals, destroyed by its own inconsistencies.
Trying to prop up the failed Eurozone was a folly and a managed break-up of the Euro should have started over a year ago as by now we and the weaker Eurozone economies would, be reaping some of the benefit. It was held together only because of the vanity of Europe's politicians.
No more good money must go towards the bad in propping up this disastrous currency.
But should we put money towards helping with the dismantling of the currency?
I think this might be in our best interests. There is no doubt an orderly withdrawal of Greece and other weak countries from the Euro will be less economically damaging to the UK and while the Eurozone can divert its bail-out fund to this purpose some additional help from the UK can be justified.
But, let us be clear, help from the UK is only towards helping the dismantling of the Euro, not to bail it out. This help should also only be in the form of loans, not just be gifted.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
a loan to greece would never be repaid barry, the military will inevitably be called in when people in greece twig that any savings they have would be severely depleted by going back to the drachma.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
not necessarily to Greece Howard but to the Eurozone. It may also help prevent a military takeover - this is not just about Greece either.
Terry Nunn
- Location: London Road, Dover
- Registered: 12 Mar 2008
- Posts: 4,316
Truly, they have lost their marbles.
Terry
Quis custodiet ipsos custodes?
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
we know where you stand then barry,but the question is why dose cameron want them to stay in with the euro as there main currencey.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Brian - Cameron has said what he has needed to for diplomatic reasons but, latest news from the weekend, is that he has now told Greece they should either accept austerity or get out of the Eurozone. Greek exit is inevitable.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Repeat from `The next Two Years`
Darkening Clouds of euro crisis makes life perilous for PM.
A meltdown could leave Britain with the biggest depts in the `world` because our Banks are so exposed and form such a big
part of our economy,something the 81 Group should remember as they excitedly predict the collapse of the single
currency.
Blaming it all on to the eurozone will not help Cameron and he knows it.Ten governments have been thrown out in the last 12 months.Cameron has missed valuable opportunities for growth by ignoring advice from Vince Cable in Febuary because it did not fit in with their plan `A`.
The two biggest threats to his Premiership is the euro crisis and Leveson which are two dangers that the PM is powerless to control.
Perilous times indeed.
Guest 744- Registered: 20 Mar 2012
- Posts: 412
Terry and they're not the only ones
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
would it help if we sent them back?
they seem to live in the past, recently they were saying that they wanted reparation from the germans over what they nicked during the last war.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
The crisis, Reg, is one of government debt and huge deficits.
You do not solve a debt problem with more debt and that seems to be all you want.
It is not coincidence that the stronger and more successful economies either have little or no deficit (Germany, Norway etc) and/or have much lower level of public sector spending such as many in our main competitor regions in Asia.
No matter how you want to paint it all our problems arise from governments being irresponsible and not balancing the budgets during the growth phase of the economic cycle exasperated in the Eurozone by the lack of competitiveness in weaker countries caused by Euro membership.
I will say one good thing about Gordon Brown - he did keep us out of the Euro against the wishes of Blair. But he also thought he had 'banned boom and bust' a bit like Canute trying to hold back the tides and ran the economy that way. The fact that many other European countries did the same thing is no excuse for him.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Actually the country at greatest risk from a Greek default and euro exit is poor little Cyprus.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barry,if and when greece leaves,defaults or what ever i dont give a hoot.still wont make any differance to me or you.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
It will make a big difference, we will all be affected.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
we will have to wait and barry,and i suppose you are blaming gorden brown for that as well,and forgetting the royal wedding and the queens jubalee.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Get real Brian....
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
brian;
is it something barryw said? lol
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Perhaps if he bothers to read what I said then he would not make daft statements.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
Not sure why Cyprus would suffer a lot Peter, it is an Autonomous Country in its own right.
They had Cyprus Pounds before the Euro, not Drachmas.
Cyprus is not part of Greece, although the bottom half (since 1974/6 - not sure which now) is where Greek Cypriuts live. Friends of ours are Greek Cypriuts and their allegiance is to Britian, then Cyprus, but still interested in what happens to Greece.
Roger
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barry,if you get real and read what is actuly going on,insteed of burying head in the sand.
i see you panaking and being a euroscptic,you need to calm down.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Brian - read what is actually said and respond to that rather than what you think might be said. Your Euro dream is in chaos, face the facts.