Greece

Greek No Vote

Following the decision by the greek people to reject the the EUs latest bail out proposal, is this the beginning of the end for the Euro and what will the implications be for Britain?

All this has done is set in motion a domino effect that will spread across Europe (i.e. contagion) and I feel Britain will at some point get engulfed. Not only that any countries that were not affected by the last crisis will be affected.
It will a slow bur exit not rapid but the Greek currency is going to be devalued for a very long time but I wonder how many British people who have pension funds tied up in Greek banks are surely going to quickly move the pensions to British banks to safeguard them. but even the knock on effects of the Greek referendum result is going to be felt in Europe for quite a long time.
Whether now Russia will support Greece is another matter.

Russia will support greece because they want to set up a gas pipeline through greece. im sure if greek goverment invited putin to athens then europe would suddenly become more friendly towards them

to be honest think the only problems UK would have is with the price of euro against the pound great for tourism shite for exporting and the fact the stock exchange would lose a few hundred points for a few days but will be come back in a few months

The greek people have made the right choice, any other decision would have meant decades of austerity with no end in sight. At least now the EU will have to go back to Merkal and either renegotiate Greece,s payment terms or allow them to leave the EU altogether. I suspect a return to the drachma is the best option as it will allow them to at least control their own interest rates and make the drachma more competitive, it will be tough at first but ultimately they will be better off. As for the knock on effect for the rest of europe and the UK there will be some turmoil on the financial markets but they soon rise again.

Clearly it's Ella Jolie's fault

Greece wasn't exactly a Germanesque towering economy in the 1st place. The premise that you could bring together wildly differing economies into one single framework was doomed from the start. Really, when you look to put the blame for all these "good European" fiascos, you don't need long to find les parties des guiltes

Are all these British TV reporters standing in Greece interviewing each other doing anything for the Greek economy ?
Do we really need so freaking many of them there doing apparently so little ?
We surely don't need Jon Snow standing in front of a building in Athens interviewing yet another bloody correspondent.
Presumably they all don't need to worry about ATM limits - they'll just be putting everything on their expense account credit cards ?
lol

EDIT : imagine the rabid reaction of our press if the boot was on the other foot and we had the EU telling us how to set our taxes, pensions and welfare spending. Oh wait ...we don't need to, the press already froth at the mouth about Europe with less provocation ?

(It wasn't that long ago (late 1970s) that Britain was being beaten over the head by the IMF; and there's still debate about whether the monetarist policies forced on Labour by them, and continued eagerly by Thatcher actually helped the UK in the long run.. or did it just accelerate our industrial decline, introduce permanent structural unemployment, and a heavy reliance on a "financial services/soufflé economy" built around "The City" and Ponzi making money out of money scams ?)

lol

FUCK 'EM

How long before St Bob of Geldof and St Bono of Tax Dodging Twatland start a campaign to write all their debts off?

all the greek babes should start up a sexcam to pay off debts

(06-07-2015 18:23 )M-L-L Wrote:  EDIT : imagine the rabid reaction of our press if the boot was on the other foot and we had the EU telling us how to set our taxes, pensions and welfare spending. Oh wait ...we don't need to, the press already froth at the mouth about Europe with less provocation ?

Imagine if Rupert Murdoch felt he could make more money out of pushing a pro-Europe line in his newspapers? Imagine if he'd felt that 35 years ago?

I'm not saying there aren't problems in the EU. I'm saying that a policy of running away like ostriches isn't going to help anyone