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News: GrExit: "Greece in Auschwitz"
Member Since: 1/1/2014
Posts: 7,705
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Quote:
Originally posted by Rusty
If there was a sequential collapse/exit of Greece, then Spain, then Portugal and/or Italy, the eurozone would falter entirely. Germany, France, Ireland, Belgium and other stronger nations would collectively either exit into a new single currency or return to independent ones. Germany (and France) won't let that happen.
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that's not gonna happen, cuz Greece is going down, and when it goes down it'll drown in a mud (I'm not wishing that to hapen Lord knows that the people are the only who will and already are suffering cuz of irresponsible politicians)... when other countries like Italy, Portugal, Spain see how greece is doing in ayear or two I am sure they'll do whatever is in their power to stay in EU/eurozone
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Member Since: 2/15/2010
Posts: 26,154
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Quote:
Originally posted by Rusty
If there was a sequential collapse/exit of Greece, then Spain, then Portugal and/or Italy, the eurozone would falter entirely. Germany, France, Ireland, Belgium and other stronger nations would collectively either exit into a new single currency or return to independent ones. Germany (and France) won't let that happen.
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I screamed at Belgium being a ''stronger'' nation. Do you even know what you're talking about? Yes Greece situation is bad & Belgium is doing far better, but their debt issues are nothing impressive either.
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Member Since: 1/1/2013
Posts: 15,264
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Quote:
Originally posted by LadyDiana
collect them coins before the colaps cuz that new drahma ain't gonna worth nothing... thank God I didn't book my holiday in greece
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I am booking as I type here, I'm going house hunting and buying myself a Greek villa and a private beach for €100,- in a few weeks
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Member Since: 1/1/2014
Posts: 8,420
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Quote:
Originally posted by Dilettante
So I may have messed that up, but I still think we have to power to completely **** up the EU, if we so wished.
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We'll see. But I think we are better working within it, trying to achieve some possible reforms (not fantasies such as controlled immigration from EU countries). The cessation of the attempts by some significant Eurozone countries to move the bulk of their trade outside of London is more significant rather than blaming immigrants for everything and trying to close up the drawboard. We should secure our economic position and perhaps take back some powers in certain departmental areas, but still remain a key power in the EU.
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Member Since: 3/12/2012
Posts: 6,144
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That Katy Perry hater who insulted her, it's Karma. You just brought failure to your country. Love and appreciate and God will always be with you.
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Member Since: 8/19/2013
Posts: 39,572
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Quote:
Originally posted by MillionLights
We'll see. But I think we are better working within it, trying to achieve some possible reforms (not fantasies such as controlled immigration from EU countries). The cessation of the attempts by some significant Eurozone countries to move the bulk of their trade outside of London is more significant rather than blaming immigrants for everything and trying to close up the drawboard. We should secure our economic position and perhaps take back some powers in certain departmental areas, but still remain a key power in the EU.
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Yeah, none of David's plans are going to amount to anything, but I'm completely fine with that, all most people want is increased accountability. We're staying in, anyway.
Quote:
Originally posted by Golden
I screamed at Belgium being a ''stronger'' nation. Do you even know what you're talking about? Yes Greece situation is bad & Belgium is doing far better, but their debt issues are nothing impressive either.
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So, you could say that Belgium is, y'know, stronger?
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Member Since: 1/1/2014
Posts: 7,705
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and my friend just started her three months long holiday in Greece... in Athens
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Member Since: 1/1/2014
Posts: 16,371
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Quote:
Originally posted by Golden
I screamed at Belgium being a ''stronger'' nation. Do you even know what you're talking about? Yes Greece situation is bad & Belgium is doing far better, but their debt issues are nothing impressive either.
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This was hypothetical.
I'm talking about stronger in market sentiment. Belgium houses Brussels, the epicenter of the EU even aside from the Eurozone. In the event a contingency plan was to exit the dying Euro and into a new currency, Belgium would absolutely be along for the ride for the sake of business-as-usual economics. They have slow growth with high debt, and may not be able to reduce that at the speed countries like Ireland seem to be, but "impressive" is relative considering debt/GDP for Belgium is the roughly at the same rate as the UK and France.
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Member Since: 8/19/2013
Posts: 39,572
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Quote:
Originally posted by LadyDiana
and my friend just started her three months long holiday in Greece... in Athens
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Mess, she's fine for now but if they default and exit tell her to leave.
Tell her to transfer all her non-essential money into dollars, that way if the Euro starts to fall then she can exchange it back and get even more Euros.
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Member Since: 2/6/2012
Posts: 29,767
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I may have to plan a trip to Greece. Their new currency will be worthless and I can live like a king
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Member Since: 1/1/2014
Posts: 8,420
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Quote:
Originally posted by Dilettante
Mess, she's fine for now but if they default and exit tell her to leave.
Tell her to transfer all her non-essential money into dollars, that way if the Euro starts to fall then she can exchange it back and get even more Euros.
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Inflation though
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Member Since: 1/1/2013
Posts: 15,264
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Quote:
Originally posted by Dilettante
Mess, she's fine for now but if they default and exit tell her to leave.
Tell her to transfer all her non-essential money into dollars, that way if the Euro starts to fall then she can exchange it back and get even more Euros.
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It's not like they'll have money to fill up their planes or pay the people at the airport, she won't be seen for at least a couple of years
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Member Since: 8/19/2013
Posts: 39,572
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Quote:
Originally posted by MillionLights
Inflation though
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It's unlikely to happen as fast as the Euro will fall, and even if it did, she'd be better off exchanging it. Better to have €50 than €25.
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Member Since: 1/1/2014
Posts: 41,181
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Quote:
Originally posted by MUSICLOVERGR
Really?Because during the 50s Greece was 2nd only to Japan in GDP growth with almost zero debt.Until 2005 the debt was less that 100% of the GDP,so no problem with that,too.Did you know that German companies(Siemens,etc) are behind the biggest political scandals in Greece with billions of euros lost,yet,Germany refuses to give to Greek authorities the Greeks responsible for those scandals,as they have found refuge in Germany?
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Preach a biT
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Member Since: 4/12/2011
Posts: 14,781
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Farewell.
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Member Since: 1/1/2014
Posts: 8,420
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Quote:
Originally posted by Dilettante
It's unlikely to happen as fast as the Euro will fall, and even if it did, she'd be better off exchanging it. Better to have €50 than €25.
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It's better to just get it all into dollars and jet the **** out of there
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Member Since: 8/19/2013
Posts: 39,572
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Quote:
Originally posted by BadMonster
It's not like they'll have money to fill up their planes or pay the people at the airport, she won't be seen for at least a couple of years
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Tell her to scurry away then, that'd actually be bad.
I'm getting a vision of Greece defaulting and Greeks all fleeing on boats across the Mediterranean, a reverse Warholian tea. Let's hope some deux et machina appears out of nowhere.
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Member Since: 8/19/2013
Posts: 31,020
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Good luck with the crime rates for those who are thirsting over cheap holidays.
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Member Since: 1/2/2014
Posts: 8,759
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Quote:
Originally posted by KillingYourCareer
Poor ha, it's still the best country in the world for me tho
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Member Since: 4/6/2014
Posts: 10,308
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Quote:
Originally posted by Golden
Won't the collapse of Greece only cause for more problems though? Won't there be a huge chaos there and won't people try to flee to other European countries? As if the EU doesn't have enough immigration problems as it is..
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We had years to restructure and reorganise the banks after 2009. The biggest problem for the Eurozone was the uncertainty which also reflected in the stock markets. So in short term they should be stable.
With Greece leaving it might be a positive impuls for the rest after 2-3 years when the "bad" debt has been cleared (money that the counties never will see return) and one less country to support.
The opposite thing that might happen would be in case of Greece managing to restructure themselves into a flourishing economy (since they won't be able to loan for a while) within like 10 years and a country like Spain would say "well Greece is doing well, we can do it too" and leave on their own terms, that would have the rest of Europe shook ofc.
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