pongo Posted October 10, 2011 Share Posted October 10, 2011 Der Spiegel has been running an interesting series on the evolving € crisis entitled - What Options Are Left for the Common Currency ? The third and final part here is a terrifying read. The numbers are staggering. Greece looks more like a symptom than the illness viewed from that careful analysis. Link to comment Share on other sites More sharing options...
pitch Posted October 10, 2011 Share Posted October 10, 2011 i think its good greece are having troubles, it just shows how bad the euro is/was! at least if they go back to the dracma we will get some cheap holidays again soon Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted October 10, 2011 Share Posted October 10, 2011 Greece's problems are not due to having the Euro. Link to comment Share on other sites More sharing options...
Chinahand Posted October 10, 2011 Share Posted October 10, 2011 What ... not at all?! That's a rather sweeping statement LDV - care to back it up? A major issue is that bond purchasers didn't distinguish between Euro denominated bonds and so Greek bond rates converged with German ones, even though its credit management was ... well should we say less teutonic! If Greece hadn't had the Euro its highly doubtful rates would have converged and Greece would have been unable to sell so much debt. Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted October 12, 2011 Share Posted October 12, 2011 You're right, it was too sweeping a comment. I meant to refer to the fact that the reasons for having debt was not the cause of having the Euro. Although I wasn't aware of the issue regarding distinguishing between bonds, even though I was under the belief that the Greek government was well aware of the debt they were taking on. Link to comment Share on other sites More sharing options...
manxy Posted October 19, 2011 Share Posted October 19, 2011 When will it stop? Latest - Greece strike Link to comment Share on other sites More sharing options...
G_Kelly Posted October 19, 2011 Share Posted October 19, 2011 When will it stop? Latest - Greece strike When they can manage to see past there nose it will. which means it never stop. Not sure what they hope for, because without these mesures then there will be no funds to pay for them, so there cutting off the hand that feeds them. Link to comment Share on other sites More sharing options...
manxy Posted October 19, 2011 Share Posted October 19, 2011 When will it stop? Latest - Greece strike When they can manage to see past there nose it will. which means it never stop. Not sure what they hope for, because without these measures then there will be no funds to pay for them, so there cutting off the hand that feeds them. Sure not good at the moment and the recent video clip is quite alarming as you can see people smashing things up to use as missiles. I just cannot see the logic of damaging property and fully agree with you as to who is going to pay for it in the long run? Just senseless, absolutely senseless, does anyone else agree? Link to comment Share on other sites More sharing options...
G_Kelly Posted October 19, 2011 Share Posted October 19, 2011 But that is what we as humans do. Well most of us. When we are attacked we fight back, and this is no diffrent than a cave man being attacked. They feel they are being attacked and have to defend themselfs i guess. Thiniong they are defending there lifes and jobs The only diffrince is what we are defending in this day and age. At the end of the day we are all still caveman, And are wired that way, I agree its madness. But we are lucky that we can watch from the outside looking in. Would it be diffrenet if it was us there, We will never know. But they do need to wake up and see they are making it worse. Greece is only ever month away from anarchy. The moment they can not afford to pay the police or the army to control the people then it will all end for greece and the EU. Link to comment Share on other sites More sharing options...
Lxxx Posted October 20, 2011 Share Posted October 20, 2011 All going exactly to plan for the banksters then. Link to comment Share on other sites More sharing options...
Tweek Posted October 20, 2011 Share Posted October 20, 2011 What's a Greek Urn? Too fookin much - lazy workshy buggers. When was the last time anyone on here actually bought anything from Greece? Do they make anything? Other than one alcohol fuelled night ending up in G&Ds, I've never been offered anything remotely Greek. Link to comment Share on other sites More sharing options...
Mutley Posted October 20, 2011 Author Share Posted October 20, 2011 After their huge contribution to developments in philosophy, maths, science, astronomy, map-making, law and language, they kinda rested on their laurels for a few thousand years. Link to comment Share on other sites More sharing options...
pongo Posted October 20, 2011 Share Posted October 20, 2011 When was the last time anyone on here actually bought anything from Greece? Do they make anything? we buy Greek yoghurt most weeks. Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted October 20, 2011 Share Posted October 20, 2011 When will it stop? Latest - Greece strike When they can manage to see past there nose it will. which means it never stop. Not sure what they hope for, because without these measures then there will be no funds to pay for them, so there cutting off the hand that feeds them. Sure not good at the moment and the recent video clip is quite alarming as you can see people smashing things up to use as missiles. I just cannot see the logic of damaging property and fully agree with you as to who is going to pay for it in the long run? Just senseless, absolutely senseless, does anyone else agree? It isn't senseless, people are attacking symbols or facets of society has fucked them over. They just may have to pay for it, but I think you are confused by it in thinking that these people are doing it because it has some political end. Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted October 20, 2011 Share Posted October 20, 2011 Greece is only ever month away from anarchy. The moment they can not afford to pay the police or the army to control the people then it will all end for greece and the EU.The end of the country? Doubt it. Just might be the beginning of something better. I think it unlikely but just because a society doesn't have a police force and army doesn't mean it's doomed. Link to comment Share on other sites More sharing options...
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