Greek debt
- 28 June 2015 17:37283826With no increase in funding the banks may well close tomorrow and a block put on withdrawals. The default comes ever closer and other struggling EU countries will be watching to see what the fall out is like.
http://www.bbc.co.uk/news/world-europe-33304674 - 29 June 2015 11:22283840Banks are closed all this week and the withdrawal limit is £.42 per person, salaries, savings and pensions are safe according to the government.
- 5 July 2015 17:30284063The polling stations have now closed and first results are expected this evening. Beats me how they arranged this in such a short time. Quite a logistical exercises - getting ballot papers printed and getting them to polling stations, finding staff to man the stations and of course finding tellers for the count.
- 6 July 2015 08:51284090A resounding No vote has put the cat among the pigeons, could well be the death knell for the currency.
- 6 July 2015 09:48284093No Howard I'm sure Merkel, Hollande et al have plenty more fudge in their stores.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
6 July 2015 19:23284113or Britain adopts it whole heartedly. - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
7 July 2015 06:18284124 - 11 July 2015 08:01284261Looks like the crisis is over and the Greek Prime Minister has capitulated by offering the same terms rejected in the referendum to his parliament who have accepted the bail out terms.
- 11 July 2015 09:38284267Seems like the Greeks invented the word democracy and ended up dis-inventing it.
- 11 July 2015 12:25284278Or changing it to democrazy.I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
- Bob Whysman
- Registered: 23 Aug 2013
- Posts: 1,948
11 July 2015 13:52284283When the Greeks get their new bailout on the terms that they have suggested.......do they intend to repay it is the next question?
A few billion more will be a nice little handout for them I reckon!
Do nothing and nothing happens. - 12 July 2015 19:19284328The people more responsible than most for the crisis are now trying to do a runner with as much of their money as they can.
Luxury property will be available at knock down prices, we can expect some Russian interest.
http://www.independent.co.uk/news/world/europe/greek-debt-crisis-the-wealthy-citizens-of-glyfada-are-worried--and-plotting-their-escape-10383005.html - 13 July 2015 14:58284337Decades of austerity face the Greek people assuming that their Parliament accepts the deal.
http://www.independent.co.uk/news/business/news/greece-debt-crisis-live-greece-agrees-crippling-austerity-deal-in-eleventh-hour-talks--but-juncker-says-there-were-no-winners-or-losers-10385355.html - Bob Whysman
- Registered: 23 Aug 2013
- Posts: 1,948
13 July 2015 18:04284339[QUOTE="howard mcsweeney1"]The people more responsible than most for the crisis are now trying to do a runner with as much of their money as they can.
Luxury property will be available at knock down prices, we can expect some Russian interest.[QUOTE]
The Greeks, with their bags of swag, can now claim their rights to enter the UK and live off our benefits system or just take the bailout and run!
Do nothing and nothing happens. - 13 July 2015 19:23284345The way I am interpreting this is that Mrs Merkel is altering domestic policy of a sovereign nation, no wonder the movement to leave the EU is gathering pace in many member states.
http://www.independent.co.uk/news/business/news/greece-debt-crisis-live-the-three-most-important-paragraphs-of-the-greece-deal--and-what-they-mean-for-ordinary-greeks-10385830.html - Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,931
13 July 2015 21:38284351The Germans might have lost WW2 but they certainly seem to run/rule Europe via their EU.power base.-----------------------------------------------------------------------
I try to be neutral and polite but it is hard and getting even more difficult at times.
------------------------------------------------------------------- - 14 July 2015 15:04284383We have now been told to shell out 1 Billion quid to Greece to tide them over, George says no but we all know what that means. Make a bold statement for public consumption then quietly pay up.
- 15 July 2015 12:03284425IMF and EU at loggerheads over the debt.
http://www.itv.com/news/update/2015-07-15/greece-debt-unsustainable-says-imf/ - 21 July 2015 17:40284626It's a slow day in a little Greek Village.
It is raining and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.
On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a 100 Euro note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the 100 Euro note and runs next door to pay his debt to the butcher.
The butcher takes the 100 Euro note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the 100 Euro note and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmers' Co-op takes the 100 Euro note and runs to pay his drinks bill at the taverna.
The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The prostitute then rushes to the hotel and pays off her room bill to the hotel owner with the 100 Euro note.
The hotel proprietor then places the 100 Euro note back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the 100 Euro note, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything.
No one earned anything.
However, the whole village is now out of debt and looking to the future with a lot more optimism.
And that, Ladies and Gentlemen, is how the bailout package works.....
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum" - Bob Whysman
- Registered: 23 Aug 2013
- Posts: 1,948
28 May 2016 18:43314048It looks like Putin is moving his aspirations forward again:
He has helped flood Europe with displaced 'immigrants' causing chaos; the EU in answer to this have closed borders to give others, that might be a bigger threat to Europe, the chance to cross from Libya.
Fallen out big time with Turkey and NATO.
Cosied up to Greece, also a NATO member, who have historic scores to settle with Turkey which includes the Turkish occupation of part of the strategically placed island of Cyprus.
Now...if he could stir up 2 NATO members to fall out and threaten/take military action against one another, offer a military 'shield' to Greece in return for bases; give them cash to default on their debts, the European referendum would be the least of Europe's worries.
http://uatoday.tv/politics/greek-pm-slams-sanctions-against-russia-662846.htmlDo nothing and nothing happens.