Tomorrow and beyond, Greece and the rest of Europe
- Thread starter capfits
- Start date
- Location
- East yorks
Yup everyone strapped in, do you recon Wonga would take them on? I think they might consider them to high risk from their normal clients
bread and jam
Member
- Location
- Herefordshire
I would think the euro could get stronger only by a bit, that's if they don't come in with another last minute deals. Should have let them go bankrupt last year, they don't produce enough of anything to be able to get themselves out the sh!t.
Nearly
Member
- Location
- North of York
Going to Crete on 13th July, waiting to see which currency best to take.
Roubles?
Yuan?
Roubles?
Yuan?
http://www.bbc.co.uk/news/world-europe-33304674
Or have they?
Or have they?
The Greeks won't reform enough, hence why this has come about. I agree that a default is inevitable but has been put off by repeated last minute deals. Until they actually accept thast the handouts are going to end there won't be the major reforms to retirement age ect that the rest of the EU have already had to deal with.
In the short term it isn't going to help milk/beef/grain prices thanks to a likely run on the € with cash invested in buying £ & US$ instead.
In the short term it isn't going to help milk/beef/grain prices thanks to a likely run on the € with cash invested in buying £ & US$ instead.
- Location
- Buckinghamshire
Dont for get a Mr Vladimir Putin is not that far away and then see the EU lot jump about
Exfarmer
Member
- Location
- Bury St Edmunds
would not worry about Vladimir Putin too much.
The Greeks would never be stupid enough not to borrow from him.
They would have no option but to pay it back
spin cycle
Member
- Location
- north norfolk
i've no political love for syriza..but IMO they've done the right thing in calling a referendum.....it's upset the EU technocrats because they don't like the people deciding anything
two generations of career EU politicians have wrecked everything the european union should be about
two generations of career EU politicians have wrecked everything the european union should be about
$
however I'm not sure I would be going near the place right now, it won't be pretty when it goes wrong
Nearly
Member
- Location
- North of York
How did you get a pic of me unstuffing the mattress?
Nearly
Member
- Location
- North of York
We're going to take a decision on the day. Can always go to Blackpool instead.
think through what happens - it will be like a company going bust, no one gets paid anymore so they all go home ! air traffic controllers, police, hospitals etc no food in shops, whats there can't be bought with money that is worth as much as the paper its made from
being stuck in a lawless country where money can't buy you anything won't be fun, unless they have a seriously good plan B in place it will be survival of the fittest (strongest) for a while
If Syriza thought it was a good idea to call a referendum it would have been more sense to call it so the result was known before the current deals expired. I don't think it is working out as they expected (so far), I get the impression they didn't think the EU would ever say no to them if they held out long enough. As for what will happen from here on, that is anyone's guess.
spin cycle
Member
- Location
- north norfolk
quite right...they obviously felt they could get the deal they felt mandated to get by winning the election.....not able to do this what should they do 1/ default....they could claim a mandate for this.. 2/knuckle under....people didn't vote for them to do this 3/ let the people decide?...hold a referendum
i can't see the logic of greece limping along with bailouts....there's no good way out...but defaulting,though alot of pain to start with, will be the lesser evil IMO....because it's going to happen eventually anyway
According to polls most Greeks want to keep the Euro and stay in the EU, or that is what they felt a week or so ago. They have been talking about a referendum for ages, it just seem daft to call it so you get the answer a week after you needed to have made the decision. If they had got on and done it they would know if they had a mandate or not. I suspect Syriza knew they would not got the answer they wanted, maybe they are hoping that will change after 5 days of public fear and panic.
if we put greece aside and think of the rest , we the tax payer in the rest of europe have to pick up the bill , france is in for almost 70million
i know Ireland is in for 3.5 million , a country that is trying to find it feet after the last few years of hard going , I don't know if the UK is backing the Greek loans but even if you are not it will rebound on the uk in the same way anyway ,
plus the traders will try to pick off the weaker countrys again like what we had what 5/6 years ago , and the central bank will not be able to fight them off in that case , so it might help putan to weaken europe after all he is a nutter
i know Ireland is in for 3.5 million , a country that is trying to find it feet after the last few years of hard going , I don't know if the UK is backing the Greek loans but even if you are not it will rebound on the uk in the same way anyway ,
plus the traders will try to pick off the weaker countrys again like what we had what 5/6 years ago , and the central bank will not be able to fight them off in that case , so it might help putan to weaken europe after all he is a nutter
Pheasant Surprise
Member
- Location
- Woodbridge, Suffolk
A wad of €'s cos they'll be biting your hand off for hard cash and there is a very real possibility of a run if things get really sticky.