quilp Posted June 28, 2015 Share Posted June 28, 2015 I feel sorry for Greece, a country on the brink of being on the brink of the brink.... Link to comment Share on other sites More sharing options...
Albert Tatlock Posted June 28, 2015 Share Posted June 28, 2015 Looks like the Drachma might be reappearing. Link to comment Share on other sites More sharing options...
wrighty Posted June 28, 2015 Share Posted June 28, 2015 They have to let them default. If not, it'll only put the inevitable back to next month, or the month after that. I've read a lot about what will happen with a Greek default, and in summary, no-one knows. It's got to be allowed to happen so we'll all find out. IMHO - Greeks will return to their own currency, and life for most of them will continue on as normal. Life for the rest of us will be unaffected, except I imagine there'll be a few rumblings in the equity/currency/bond markets, but in reality, who cares? Link to comment Share on other sites More sharing options...
Tarne Posted June 28, 2015 Share Posted June 28, 2015 Yay for even cheaper holidays to Greece next year Link to comment Share on other sites More sharing options...
quilp Posted June 28, 2015 Share Posted June 28, 2015 What's a Grecian earn? Link to comment Share on other sites More sharing options...
dilligaf Posted June 28, 2015 Share Posted June 28, 2015 What's a Grecian earn? A fiver a week Link to comment Share on other sites More sharing options...
Tarne Posted June 28, 2015 Share Posted June 28, 2015 What's a Grecian earn? - Per capita $18,863 Based on estimated nominal GDP from wiki Link to comment Share on other sites More sharing options...
the stinking enigma Posted June 28, 2015 Share Posted June 28, 2015 Greece could recover if they leave but they won't be allowed to lest it encourage any other countries these shysters have got by the balls to do the same.. Link to comment Share on other sites More sharing options...
dilligaf Posted June 28, 2015 Share Posted June 28, 2015 What's a Grecian earn? - Per capita $18,863Based on estimated nominal GDP from wiki zzz Link to comment Share on other sites More sharing options...
Albert Tatlock Posted June 29, 2015 Share Posted June 29, 2015 Greek banks to be closed all this week. Link to comment Share on other sites More sharing options...
GD4ELI Posted June 29, 2015 Share Posted June 29, 2015 Greek banks to be closed all this week. This is the result of a series of idiotic governments, nothing else. Look at how Portugal, Spain and especially Ireland have coped. Link to comment Share on other sites More sharing options...
spook Posted June 29, 2015 Share Posted June 29, 2015 Greek banks to be closed all this week. This is the result of a series of idiotic governments, nothing else. Look at how Portugal, Spain and especially Ireland have coped. Not just the idiotic government alone, it was only recently elected into office by a dishonest and indolent electorate so it's the majority of the population as well. PIS accepted that they would have to take on some unpleasant changes and thus far have done so. The Greeks decided they wanted their cake and someone else to pay for it, and thought that they could blackmail the EU, the IMF, and the Eurobank. They even tried to introduce a demand for Germany to pay reparations for what took place in WW2 in spite of that being a closed and resolved issue many years ago. Link to comment Share on other sites More sharing options...
GD4ELI Posted June 29, 2015 Share Posted June 29, 2015 Ireland coped, yes. Not so sure about Spain an Portugal though. After Greece we might be hearing a lot more about them. The finance ministers of Spain and Portugal have been on the radio recently - there's a vast difference between their finances and those of Greece. Both have sufficient reserves to weather any storm. Stupid Greeks, they've done this sort of thing many times before and will no doubt have another go in the future. Link to comment Share on other sites More sharing options...
Albert Tatlock Posted June 29, 2015 Share Posted June 29, 2015 They should be kicked out of the Euro this week. The damage to, and the uncertainty over the currency shouldn't be allowed to continue. They should never have been allowed in, as they didn't meet the original required economic criteria in the first instance. Link to comment Share on other sites More sharing options...
Lxxx Posted June 29, 2015 Share Posted June 29, 2015 Granted the whole model of Greece is fucked up. Roughly one million people are either employed by the Greek government or are in receipt of a public sector pension compared to a total working population of 3.8m workers. Completely unsustainable. Ring any bells? Link to comment Share on other sites More sharing options...
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