Boards.ie uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more x
Post Reply  
 
Thread Tools Search this Thread
20-02-2012, 02:01   #1
thebman
Closed Account
 
Join Date: Aug 2005
Posts: 9,948
Germany drawing up plans for Greece to leave the euro

Quote:
But the severe austerity measures being demanded have caused such fury in Greece, and the cuts required are so deep, that Wolfgang Schäuble, the German finance minister, does not believe that any government would be able to implement them.
http://dailycaller.com/2012/02/19/ge...eave-the-euro/

So we are running out of road to kick the can down and now it looks like Greece is going to have to face up to this problem and it seems the sensible course is to deal with it now before it becomes an unstructured default.

And as the Euro countries fight over what to do, we come ever closer to the unstructured scenario that they don't seem to acknowledge they are playing with by running into overtime over the new Greek loans.

It seems crazy to give them more money when you know you haven't a chance in hell of them being able to fulfill the conditions of the loan even if they wanted to so bother giving them the loan now?

Isn't this just making the consequences when they do fail greater for the nations lending them the current money? Why not just cut the chord now instead of later and organise the structured default now instead of fighting over terms of new loans?
thebman is offline  
Advertisement
20-02-2012, 11:42   #2
nyarlothothep
Registered User
 
nyarlothothep's Avatar
 
Join Date: Oct 2006
Location: multi dimensional space
Posts: 4,561
wow, they're just realising this now?
nyarlothothep is offline  
20-02-2012, 20:19   #3
stringed theory
Registered User
 
Join Date: Dec 2011
Location: Dublin
Posts: 41
Personally, I wouldn't think of consulting a US source to predict what Germany might do, but you may be right.
Three interesting articles here http://www.spiegel.de/international/index.rss .
stringed theory is offline  
21-02-2012, 01:20   #4
thebman
Closed Account
 
Join Date: Aug 2005
Posts: 9,948
Quote:
Originally Posted by stringed theory View Post
Personally, I wouldn't think of consulting a US source to predict what Germany might do, but you may be right.
Three interesting articles here http://www.spiegel.de/international/index.rss .
Well I read pretty much every article Google News had at the time on the subject.

The above was the closest I thought to an unbiased article.
thebman is offline  
21-02-2012, 02:50   #5
K-9
Moderator
 
K-9's Avatar
 
Join Date: Feb 2007
Location: Donegal
Posts: 34,682
Quote:
Originally Posted by stringed theory View Post
Personally, I wouldn't think of consulting a US source to predict what Germany might do, but you may be right.
Three interesting articles here http://www.spiegel.de/international/index.rss .
Quote:
Originally Posted by thebman View Post
Well I read pretty much every article Google News had at the time on the subject.

The above was the closest I thought to an unbiased article.
Not familiar with the Daily Caller but spiegel is a bit like the Daily Telegraph. The Euro shouldn't really be in existence now based on it, the Germans long given up!
K-9 is offline  
Advertisement
21-02-2012, 19:19   #6
stringed theory
Registered User
 
Join Date: Dec 2011
Location: Dublin
Posts: 41
Quote:
Originally Posted by K-9 View Post
Not familiar with the Daily Caller but spiegel is a bit like the Daily Telegraph.
Even if that is so, and I doubt it, it is a "Daily Telegraph" in a German context. They are far less eurosceptic than mainstream UK media, and I've seen no articles there against the principle of the euro or Euro-federalism, so their views on Greece are particularly interesting. A nd I think that in Ireland we should try to gauge our neighbours' opinions directly at source instead of having them interpreted for us by UK and US interests, as is most often the case.
stringed theory is offline  
Thanks from:
21-03-2012, 17:57   #7
lets get working
Registered User
 
Join Date: Mar 2012
Posts: 7
hope ireland just takes the the bull by the horns and goes back to the punt nua save on a lot of greek style rioting. iceland saved its people a huge amount of agro by standing up for its people, 8% unemployment has to be better than our rate
lets get working is offline  
21-03-2012, 19:13   #8
K-9
Moderator
 
K-9's Avatar
 
Join Date: Feb 2007
Location: Donegal
Posts: 34,682
Quote:
Originally Posted by lets get working View Post
hope ireland just takes the the bull by the horns and goes back to the punt nua save on a lot of greek style rioting. iceland saved its people a huge amount of agro by standing up for its people, 8% unemployment has to be better than our rate
They traditionally have about 2% so it isn't that great if you are Icelandic!
K-9 is offline  
21-03-2012, 20:56   #9
lets get working
Registered User
 
Join Date: Mar 2012
Posts: 7
yep but their getting on with it, there now 3 years ahead of us, they didnt have to deal with meetings about meetings like we gotten from our leaders and merkozy
lets get working is offline  
Thanks from:
Advertisement
22-03-2012, 00:32   #10
meglome
Registered User
 
meglome's Avatar
 
Join Date: Aug 2000
Location: Ah jaysus, i'm all over the place
Posts: 7,138
Quote:
Originally Posted by lets get working View Post
... 8% unemployment has to be better than our rate
And it's also 9 times higher than it was before their bust. This is not something anyone should follow.

Quote:
Originally Posted by lets get working View Post
yep but their getting on with it, there now 3 years ahead of us, they didnt have to deal with meetings about meetings like we gotten from our leaders and merkozy
It's very easy to say, by picking the statistic that suit, that Iceland is ahead of us. Iceland's own finance minster says that Iceland should not be used as an example to follow. Iceland could not pay it's foreign bank debt, not a hope. So they stiffed people in the likes of the UK, ordinary savers. The UK government had to step in and pay these people.

Last edited by meglome; 22-03-2012 at 00:38.
meglome is offline  
Thanks from:
22-03-2012, 01:38   #11
lets get working
Registered User
 
Join Date: Mar 2012
Posts: 7
yes its true to say it is higher than before bust and that uk had to pay uk savers but the fact remains there banks were private companies and for 9 times higher unemployment the lower the better always is a supported view
lets get working is offline  
Post Reply

Quick Reply
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Please sign up or log in to join the discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Share Tweet